Enhancing Sustainability Through TCFD Assessments and CDP Disclosure
Customer Company Size
Large Corporate
Region
- America
Country
- United States
Product
- Sphera’s Sustainability Consulting Services
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Environmental Impact Reduction
- Brand Awareness
Technology Category
- Analytics & Modeling - Data-as-a-Service
Applicable Industries
- Pharmaceuticals
- Consumer Goods
- Food & Beverage
Applicable Functions
- Business Operation
Use Cases
- Regulatory Compliance Monitoring
- Energy Management System
Services
- Cloud Planning, Design & Implementation Services
- Data Science Services
About The Customer
Aptar is a global leader in the design and manufacturing of a broad range of drug delivery, consumer product dispensing, and active packaging solutions. The company is headquartered in Crystal Lake, Illinois. Aptar’s innovative solutions serve a variety of end markets, including pharmaceutical, beauty, personal care, home, food and beverage. The company is deeply committed to sustainability and is continuously working to improve its disclosure on sustainability issues. Efforts also include benchmarking assessment, the classification and categorization of the financial impact for the climate-related risk and opportunity drivers in alignment with the TCFD (Task Force for Climate-related Financial Disclosure) guidance.
The Challenge
Aptar, a global leader in the design and manufacturing of a broad range of drug delivery, consumer product dispensing, and active packaging solutions, faced several challenges related to sustainability. The company was struggling with the identification of climate-related risks and opportunities and the application of the TCFD (Task Force for Climate-related Financial Disclosure) methodology. They also needed to benchmark their performance against competitors regarding the assessment of climate-related risks and opportunities. Quantifying the financial impact of these risks and opportunities was another challenge. Lastly, they needed to communicate their sustainability performance to investors and customers through recognized programs like TCFD and CDP.
The Solution
Aptar worked with Sphera to validate a risks and opportunities assessment according to the TCFD methodology. Sphera’s sustainability experts also provided feedback on methodology and guidance on the latest CDP reporting standards and helped incorporate the TCFD assessment results into Aptar’s CDP climate change response for 2020. Sphera’s Sustainability Solutions enable companies to improve ESG performance, gain new investments, and future-proof their business by developing or improving ESG/sustainability strategies suitable for a specific business model, providing insights that help improve environmental rankings and disclosures for CDP, TCFD, GRI, SASB, SBTi, and supplying robust sustainability data and software tools for efficient data-driven sustainability management and performance.
Operational Impact
Quantitative Benefit
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