Potential offtaker

VPK Packaging Group

www.vpk.be

Estimated electricity consumption

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VPK Packaging Group is a leading European packaging company headquartered in Belgium. With a history spanning over 80 years, VPK Packaging Group has established itself as a trusted and reliable partner for businesses across various industries, providing sustainable and innovative packaging solutions to meet their needs.

As a company operating in the Containers & Packaging sector, VPK Packaging Group is acutely aware of the environmental impact of its operations. In recent years, the company has made significant strides towards decarbonisation, recognising the urgent need to reduce its carbon footprint and contribute to the fight against climate change.

One of the key ways in which VPK Packaging Group is pursuing decarbonisation is through the implementation of corporate energy initiatives. By investing in renewable energy sources, the company is reducing its reliance on fossil fuels and lowering its carbon emissions. VPK Packaging Group has set a target to reduce its carbon footprint by 30% by 2030, and the adoption of renewable energy is a crucial part of achieving this goal.

In addition to investing in renewable energy, VPK Packaging Group has also implemented corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy provider, whereby the company agrees to purchase a specified amount of renewable energy at a fixed price over a set period of time. By entering into a PPA, VPK Packaging Group is able to secure a reliable and cost-effective source of renewable energy, while also supporting the growth of the renewable energy sector.

VPK Packaging Group's commitment to decarbonisation and renewable energy is not only driven by a desire to reduce its environmental impact, but also by a recognition of the business benefits of sustainable practices. By investing in renewable energy and reducing its carbon footprint, VPK Packaging Group is able to enhance its reputation as a responsible and forward-thinking company, attract environmentally-conscious customers and employees, and reduce its exposure to the risks associated with climate change.

In addition to its corporate energy initiatives, VPK Packaging Group is also actively pursuing other sustainability measures. For example, the company has implemented a circular economy model, whereby it seeks to minimise waste and maximise the reuse and recycling of materials. VPK Packaging Group has also developed a range of sustainable packaging solutions, such as its EcoKraft range, which is made from 100% recycled paper and is fully recyclable.

Overall, VPK Packaging Group's commitment to decarbonisation, renewable energy, and sustainability more broadly, is a testament to its dedication to responsible business practices. As a leading European packaging company, VPK Packaging Group has a significant role to play in driving the transition towards a more sustainable future, and its actions serve as an inspiration to other companies in the sector and beyond.