Life Sciences

ACG Partners with EY-Parthenon to drive sustainable practices and achieve net zero goals

ACG, the world’s largest integrated supplier and service provider to the pharmaceutical industry, has announced a strategic partnership with EY-Parthenon, one of the largest professional services networks in the world, aiming to enhance ACG’s sustainability initiatives through a comprehensive Net Zero strategy and implementation roadmap aligned with the Science Based Targets initiative (SBTi). Combining ACG’s industry expertise with EY-Parthenon’s sustainability consultancy, the partnership seeks to significantly reduce carbon emissions and promote sustainable practices across ACG’s operations has already initiated its journey by conducting a comprehensive greenhouse gas emissions (GHG) emissions inventory and carbon footprint assessment for their most prominent products. This assessment has provided critical insights into ACG’s emissions profile, identifying priority areas for targeted sustainability efforts.

ACG, in collaboration with EY-Parthenon, is developing a comprehensive Net Zero Roadmap. This roadmap will set specific targets and actions aligned with the Science Based Targets initiative (SBTi), a globally recognized framework for companies to set science-based emissions reduction targets in line with the latest climate science. Given ACG’s significant export of aluminium-based films and foils to the European Union, EY Parthenon has also conducted a comprehensive assessment of the Carbon Border Adjustment Mechanism (CBAM) implications for ACG and preparing it for 100% CBAM compliance.

Shivshankar S.R, CEO of ACG Packaging Materials, said, “Adherence to the Science Based Targets initiative (SBTi) underscores our unwavering commitment to conscientious corporate stewardship. We are pro-actively setting targets and focusing on long-term initiatives that will provide value realization and business transformation towards creating a more sustainable and resilient future. “Our alliance with EY Parthenon marks a pivotal advancement in our sustainability pursuit. Leveraging their esteemed expertise in industrial decarbonization, we are poised to expedite our Net Zero objectives, thereby effectuating a meaningful reduction in our carbon emissions.”

Kapil Bansal, Partner and Leader of Industrial Decarbonization, EY-Parthenon India, added, “EY-Parthenon is proud to announce its collaboration with ACG as they advance towards achieving SBTi aligned Net Zero strategy and roadmap. With our extensive expertise in strategic decarbonization and CBAM impact mitigation, we are committed to guiding ACG in meeting the company’s emission reduction goals, optimizing costs, minimizing risks, and driving meaningful transformation in the sector. As global efforts intensify to meet the goals set by the Paris Climate Accord, partnerships like this enable businesses and industry leaders to set the standard for environmental stewardship and contribute to a more sustainable future.”