2023 Environmental, Social, & Governance Report
Altium Packaging is pleased to share our inaugural Environmental, Social, & Governance (ESG) Report, which brings to life our commitment to sustainable growth and ethical practices, and outlines our progress toward our ESG goals. Below is a brief summary of a few of ways we are addressing those goals.
Environmental
Reduce, Reuse, and Recycle
Our waste elimination efforts center around the three essential components of environmentally responsible behavior: Reduce, Reuse, and Recycle.
Social
Safety Comes First
We believe that Altium cannot create value for society without first valuing the health and safety of our employees. We work hard to foster a culture in which employees place safety above production demands.
Governance
Act with Integrity and in Compliance
Our first Guiding Principle, “Act with Integrity and in Compliance,” is the foundation for success of our governance program.
Environmental
Our waste elimination efforts center around the three essential components of environmentally responsible behavior: Reduce, Reuse, and Recycle.
- Reduce: We are reducing the amount of resin we use by producing lightweight containers, with innovative product designs and by focusing on efficient manufacturing processes that eliminate waste.
- Reuse: We are capturing and reusing our waste components during our manufacturing process, creating re-pelletized resin and reintroducing those components back into our molding process, reducing resin waste.
- Recycle: Since 2017, we have reclaimed over 10 million pounds of plastic that might have ended up in the ocean. 97% of our product packaging is fully recyclable.
Social
We believe that Altium cannot create value for society without first valuing the health and safety of our employees. We work hard to foster a culture in which employees place safety above production demands.
- Safety Comes First: It’s integral to our Guiding Principles and all employees are encouraged to actively engage in the safety processes and culture in the facilities where they work.
- Social Management: We care deeply for the well-being of our employees, offering competitive wages, benefits, Employee Assistance Program (EAP), and 401k.
- Employee Ethics Engagement: We are committed to employee satisfaction. Our engagement survey, conducted through an independent third party, examines how employees feel about the basics of their job, and seeks their input on loyalty and motivation.
- Diversity and Inclusion: Altium is committed to a diverse culture that celebrates individual differences and enables us to attract diverse talent.
- Training & Development: We offer training and development to those with the desire to grow in their careers and take steps to encourage teammates to seek opportunities for advancement.
Governance
Our first Guiding Principle, “Act with Integrity and in Compliance,” is the foundation for success of our governance program.
- Data Accuracy & Accountability: To achieve consistent measurements and metrics related to our business and ESG efforts, we utilize reliable data and accountability systems.
- Business Ethics: Our online Governance training program includes modules such as our Guiding Principles, the Code of Business Conduct, Sexual Harassment, Legal Compliance, and Management Ethics.
- Risk Management: We use a variety of controls to manage risk. These controls include: our business mix (no single customer accounts for more than 9% of revenue); our Enterprise Risk Assessment (ERA) tool; internal and external auditing, and more.
