IPG Archives - SustainCase - Sustainability Magazine Insights on how you can protect the environment, maintain and increase the value of your company, through a structured CSR/Sustainability process with the use of the GRI Standards. Learn how Today's Best-Run Companies are achieving Economic, Social, and Environmental Success - and How You Can Too... Mon, 06 Mar 2023 15:07:49 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.1 Case study: How IPG promotes sustainability across its supply chain https://sustaincase.com/case-study-how-ipg-promotes-sustainability-across-its-supply-chain/ Mon, 09 Jan 2023 20:11:18 +0000 https://ccprowebs.com/new-sustaincase.com/case-study-how-the-intercos-group-promotes-sustainability-among-its-suppliers-copy/ Intertape Polymer Group Inc. (IPG) is a recognised global leader in packaging and protective solutions for industrial markets in North America, Europe, Asia, and other geographies. This case study is based on the 2020 Sustainability Report by IPG, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing. Abstract Collaborating with its suppliers to ensure safer products and promote […]

The post Case study: How IPG promotes sustainability across its supply chain appeared first on SustainCase - Sustainability Magazine.

]]> Intertape Polymer Group Inc. (IPG) is a recognised global leader in packaging and protective solutions for industrial markets in North America, Europe, Asia, and other geographies. Embracing sustainability is one of the areas where IPG believes it can impact its stakeholders, including, most importantly, its suppliers.  Tweet This!

This case study is based on the 2020 Sustainability Report by IPG, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

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Abstract

Collaborating with its suppliers to ensure safer products and promote sustainable development, is a key priority for IPG. In order to promote sustainability across its supply chain IPG took action to:

  • promote sustainability through partnerships
  • foster compliance

What are the material issues the company has identified?

In its 2020 Sustainability Report IPG identified a range of material issues, such as economic performance, energy and climate, circular economy, product design and innovation. Among these, promoting sustainability across its supply chain stands out as a key material issue for IPG.

Stakeholder engagement in accordance with the GRI Standards              

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups IPG engages with:

To identify and prioritise material topics IPG engaged with its stakeholders through the following channels:

Stakeholder Group                Method of engagement
Charitable organisations

 

 ·      Financial support

·      Employee volunteering

·      Donation of time and products
Communities

 

 ·      Open houses

·      Sponsorship of local events

·      Participation in local chambers of commerce
Consumers

 

 

 ·      Product labelling

·      Social media

·      Website contact form
Distribution or retail customers ·      Sales processes for product

·      Supply around the bundle and the market

·      Marketing support

·      Training support

·      End user trials/New product trials

·      Trade show booth presence

·      Customer appreciation events at trade shows

·      Social media
Employees

 

 ·      Newsletters

·      Quarterly videos

·      Variety of social media

·      Employee training

·      Town halls

·      Employee engagement activities

·      Surveys

·      Union interactions
Government and regulators ·      Regulatory filings

·      Public reporting

·      Product labelling

·      Proxy Circular
Industry organisations and other NGOs ·      Trade shows and conferences

·      Membership and leadership positions

·      Local, regional and national events
Shareholders and the IPG investor community ·      Annual Report and Annual Sustainability report

·      Annual shareholders meeting

·      Investor meetings

·      Roadshow events

·      Press releases
Vendors – other ·      Contracts

·      Routine business communication
Vendors – raw material suppliers ·      Monthly/Quarterly meetings

·      Annual business reviews

·      Routine business communication

·      Senior management meetings

·      Collaborative R&D training

·      Joint development

·      Negotiation

What actions were taken by IPG to promote sustainability across its supply chain?

In its 2020 Sustainability Report IPG reports that it took the following actions for promoting sustainability across its supply chain:

  • Promoting sustainability through partnerships
  • Beginning in 2018, IPG partnered with Greensoft to start the process of understanding the materials present in its raw materials from each of its suppliers and ensuring that it is compliant with evolving global environmental regulations. In 2019, IPG partnered with McDonough Braungart Design Chemistry (MBDC) to begin its C2C journey. In 2020, IPG began requiring that its new vendors recognise IPG’s participation in the United Nations Global Compact as part of their contracting process and entered into a relationship with EcoVadis to measure and share its report card and develop its roadmap for the next steps for further improvement.
  • Fostering compliance
  • IPG expects all suppliers to adhere to its Code of Conduct and the California Transparency in Supply Chains Act (Transparency Act). IPG includes these expectations in all formal supplier contracts and posts such requirement on the IPG website. The Code of Conduct contains policies requiring compliance with all applicable laws. Through IPG’s contracts, vendors and suppliers further certify that products supplied to IPG comply with the laws regarding slavery and human trafficking of the countries where they are doing business.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standards addressed in this case are:

1) Disclosure 308-1 New suppliers that were screened using environmental criteria

2) Disclosure 414-1 New suppliers that were screened using social criteria

 

Disclosure 308-1 New suppliers that were screened using environmental criteria does not correspond to any SDG.

Disclosure 414-1 New suppliers that were screened using social criteria corresponds to:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.

 

References:

This case study is based on published information by IPG, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:

https://www.itape.com/en/sustainability

Note to IPG: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How IPG promotes sustainability across its supply chain appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How IPG promotes ethical business conduct https://sustaincase.com/case-study-how-ipg-promotes-ethical-business-conduct/ Wed, 24 Nov 2021 07:05:12 +0000 https://ccprowebs.com/new-sustaincase.com/?p=13069 IPG is a recognised leader in the development, manufacture and sale of a variety of paper and film-based pressure-sensitive and water-activated tapes, polyethylene and specialised polyolefin films, protective packaging, engineered coated products and packaging machinery for industrial and retail use. The Board of Directors and management of IPG believe that the highest standards of corporate governance are essential in the effective management of the company, as well as its ability to build sustainable worth for customers, business partners, employees, investors and communities. This case study is based on the 2019 Sustainability Report by IPG published on the Global Reporting Initiative […]

The post Case study: How IPG promotes ethical business conduct appeared first on SustainCase - Sustainability Magazine.

]]> IPG is a recognised leader in the development, manufacture and sale of a variety of paper and film-based pressure-sensitive and water-activated tapes, polyethylene and specialised polyolefin films, protective packaging, engineered coated products and packaging machinery for industrial and retail use. The Board of Directors and management of IPG believe that the highest standards of corporate governance are essential in the effective management of the company, as well as its ability to build sustainable worth for customers, business partners, employees, investors and communities.

This case study is based on the 2019 Sustainability Report by IPG published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Abstract

IPG is committed to maintaining a high standard of corporate governance  Tweet This!, and regularly reviews and updates its corporate governance systems considering changing practices, expectations and legal requirements. In order to promote ethical business conduct IPG took action to:

  • implement a Code of Conduct
  • fight corruption
  • combat anti-competitive behaviour

What are the material issues the company has identified?

In its 2019 Sustainability Report IPG identified a range of material issues, such as product design and innovation, employee retention, product safety, human rights and employment standards, data security. Among these, promoting ethical business conduct stands out as a key material issue for IPG.

Stakeholder engagement in accordance with the GRI Standards              

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups IPG engages with:

To identify and prioritise material topics IPG engaged with its stakeholders through the following channels:

Stakeholder Group                Method of engagement
Charitable organisations

 

 ·      Financial support

·      Employee volunteering

·      Donation of time and products
Communities

 

 ·      Open houses

·      Sponsorship of local events

·      Participation in local chambers of commerce
Consumers

 

 

 ·      Product labelling

·      Social media

·      Website contact form
Distribution or retail customers ·      Sales processes for product

·      Supply around the bundle and the market

·      Marketing support

·      Training support

·      End user trials/New product trials

·      Trade show booth presence

·      Customer appreciation events at trade shows

·      Social media
Employees

 

 ·      Newsletters

·      Quarterly videos

·      Variety of social media

·      Employee training

·      Town halls

·      Employee engagement activities

·      Surveys

·      Union interactions
Government and regulators ·      Regulatory filings

·      Public reporting

·      Product labelling
Industry organisations and other NGOs ·      Participation at trade shows and conferences

·      Membership and leadership positions

·      Participation at local, regional and national events
Shareholders and the IPG investor community ·      Annual Report and Annual Sustainability report

·      Annual shareholders meeting

·      Investor meetings

·      Road show events

·      Press releases
Vendors – other ·      Contracts

·      Routine business communication
Vendors – raw material suppliers ·      Monthly/Quarterly meetings

·      Annual business reviews

·      Routine business communication

·      Senior management meetings

·      Collaborative R&D training

·      Joint development

·      Negotiation

What actions were taken by IPG to promote ethical business conduct?

In its 2019 Sustainability Report IPG reports that it took the following actions for promoting ethical business conduct:

  • Implementing a Code of Conduct
  • IPG’s Code of Conduct provides an overview of its commitment to doing business the right way and sets out basic guiding principles that apply to all governance body members, workers, business partners and other stakeholders, regardless of location or nationality. IPG holds periodic information and training sessions for all directors, management personnel and employees to promote compliance with laws and regulations, as well as IPG’s policies and procedures. The Code of Conduct requires compliance with laws, regulations, and IPG’s policies and procedures. These policies and procedures include: Anti-bribery and Foreign Corrupt Practices Act Policy, Insider Trading Policy, Whistleblower Policy, Diversity Statement and a No Harassment Policy. The Code of Conduct also addresses expectations of behavioural norms related to conflicts of interest, confidentiality and fair competition, discrimination and harassment, record-keeping, confidential information and protection, proper use of corporation assets and the responsibility of each employee for maintaining a safe and healthy workplace. Human Resources Managers at each location provide all new employees with either a written or electronic version of the Code of Conduct. Where necessary, a translated version of the Code of Conduct is provided; the Code of Conduct is currently available in four languages. Salaried employees complete an online training module. The Senior Vice President of Human Resources is responsible for efforts to communicate and train all governance body members, workers, business partners and other stakeholders regarding the Code of Conduct. Employees are encouraged to talk to supervisors, managers, human resources, the legal department, or other appropriate personnel about observed illegal or unethical behavior, and when in doubt about the best course of action in a situation. It is the policy of IPG not to allow retaliation for reports of misconduct by others made in good faith by employees. IPG expects employees to cooperate in internal investigations of potential misconduct and maintains a Business Conduct and Ethics Hotline, while its Whistleblower Policy protects those who use it from retaliation for any good faith report.
  • Fighting corruption
  • Bribes, kickbacks and other illegal payments to or from any individual with whom IPG conducts business are strictly prohibited. All governance body members, workers, business partners and other stakeholders receive communication about anti-corruption via the Code of Conduct which includes basic information and encourages all to review the Anti-Bribery and Foreign Corrupt Practices Act Policy. IPG has completed an assessment of all its operations and has a third party assessing vendor compliance, and reports significant risks and/or breaches to the Audit Committee.
  • Combating anti-competitive behaviour
  • IPG did not have any legal actions pending or completed during the reporting period related to anti-competitive behaviour and violations. Management and other employees throughout the company received training by an outside legal counsel to educate them on the laws concerning anti-competitive behaviour to ensure compliance with all anti-competitive laws and regulations. IPG’s Code of Conduct further emphasises the importance of compliance with these requirements. Furthermore, IPG has not identified any material non-compliance with laws or regulations in the social and economic areas.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standards addressed in this case are:

1) Disclosure 205-1 Operations assessed for risks related to corruption

2) Disclosure 205-2 Communication and training about anti-corruption policies and procedures

3) Disclosure 206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices

4) Disclosure 419-1 Non-compliance with laws and regulations in the social and economic area

 

Disclosure 205-1 Operations assessed for risks related to corruption corresponds to:

Disclosure 205-2 Communication and training about anti-corruption policies and procedures corresponds to:

Disclosure 206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices corresponds to:

Disclosure 419-1 Non-compliance with laws and regulations in the social and economic area corresponds to:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.
References:

1) This case study is based on published information by IPG, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original, please revert to the original on the Global Reporting Initiative’s Sustainability Disclosure Database at the link:

http://database.globalreporting.org/

2) https://www.globalreporting.org/standards/gri-standards-download-center/

Note to IPG: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How IPG promotes ethical business conduct appeared first on SustainCase - Sustainability Magazine.

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