Reducing Plastic Pollution through Biodegradable, Compostable Products That Disappear Virtually without a Trace
NatureBio continue to make progress on many of our sustainability commitments and goals, including those related to our Climate Action Plan and Diversity, Equity & Inclusion. We thank our employees, suppliers, members and the communities where we operate for their continuing support as we work together to address these commitments and goals.
Our Sustainability Principles
Nature Bio wants to enable people and communities to benefit from sustainable, environmentally friendly products that decompose seamlessly, leaving behind no harmful footprint.
Accelerating climate change, resource challenges and biodiversity loss put pressure on us all to act. Nature Bio has strived for many years to lead the development of environmentally smart disposable products. Products that provide maximum functionality and long-term solutions for recycling, composting, or reuse. The ambition is to give back more than we take. We want to enable regenerative business models that let both current and future generations prosper socially and economically without adverse environmental impact.
Our sustainability initiatives
The backbone of our updated strategy is three new sustainability initiatives. These distinct focus areas are based on thorough analysis and guide everyone working within the Nature Bio.
Becoming circular at scale
Going net zero
Living the change
Based on our updated business strategy, sustainability and circular models should be integrated into all operations. All key functions are responsible for contributing to the results and it is a common responsibility for all parts of the company.
Collaborations drive innovation
To meet our bold sustainability targets for 2030, we must cooperate with like-minded stakeholders throughout the value chain. It boils down to finding the best sustainable solution for every customer, whether single-use or multi-use, relying on composting, recycling, or reuse.
Sustainable development goals(SDGS)
In FY2021 and in accordance with Point No. 1 of our 10-point Climate Action Plan, we assessed the United Nations Sustainable Development Goals (SDGs) to prioritize our Climate Action Plan in relation to our business model. The SDGs are 17 globally accepted 2030 goals, with 169 targets that balance economic, social and environmental dimensions of sustainable development.
Following standards set by the UN Global Compact for SDG Disclosure, we conducted a materiality assessment, with assistance from an outside third party, to prioritize what makes sense for our business. The assessment included:
- Undertaking preliminary scenario planning exercises
- Performing risk and opportunity assessments of operations and merchandising
- Incorporating our Code of Ethics and what “doing the right thing” means to us
- Emphasizing the importance of mapping and tracing our value chains, to learn what is actually happening on the ground and to help us help make actual positive change
- Integrating our Forest Conservation Commitment and our key commodities
- Benchmarking against peers for industry alignment – we are comprehensive relative to our peers
We have identified the following SDGs as our priorities:
- Clean Water and Sanitation (6)
- Decent Work and Economic Growth (8)
- Reduced Inequalities (10)
- Responsible Consumption and Production (12)
- Climate Action (13)
- Life Below Water (14) and
- Life on Land (15)
Our sustainability actions
In line with our new strategy and sustainability initiatives, we have already set several actions in motion to make our products and operations even more sustainable and circular.
PROGRESS
We are on the way.
We continue to incorporate sustainable practices in our business. Our practices are evolving over time, as we learn more and adapt to our ever-changing world, and we update our Commitment to reflect these changes. The data reported is compiled from the best available sources at the time of publication, may change as new information becomes available and will be restated if necessary in future reports.
Our Sustainability Commitments Archive provides historical versions of the Commitment only as a matter of convenience to users, who may wish to compare them over time. These historical Commitments are superseded in their entirety by the current version of the Commitment and should not be relied upon as currently accurate disclosures or otherwise.
For questions or more information, please contact Nature Bio.