Sonoco Products Co

Common Name
Sonoco Products
Country
United States
Sector
Consumer Cyclical
Industry
Packaging & Containers
Employees
23,400
Ticker
SON
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Sonoco Products Co. is a global provider of consumer packaging, industrial products, and packaging supply chain services. As a diverse manufacturer, Sonoco offers innovative packing solutions that ran...

Sonoco Products's Climate Target Data Preview

As of 2024, Sonoco Products has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Sonoco Products ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
Copy restricted. Please purchase to unlock this data.
a
2030
Absolute-based Target
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
Copy restricted. Please purchase to unlock this data.
a
2030
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Verified Sources Behind Sonoco Products’s Climate Targets Data

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a. Sonoco Products's Corporate Responsibility Report (CRR) 2024
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Insights into Sonoco Products's Greenhouse Gas Emissions Pathways

As of 2024, Sonoco Products has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a

Does Sonoco Products have a target to reduce the emissions from its operations?

As of 2024, Sonoco Products has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Sonoco Products's most ambitious operational target is to reduce these emissions by 25% by 2030, compared to a baseline of 1,282,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020. a

As of 2024, Sonoco Products is on track to meet its operational emissions reduction target, having achieved 44% of the planned reduction. a

Sonoco Products's Operational (Scope 1+2) Emissions Pathway

2020202420300350 k700 k1.05 M1.4 MBaselineCurrent (-11%)Target 2030 (-25%)

Does Sonoco Products have a target to reduce the emissions from its value chain?

As of 2024, Sonoco Products has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

Sonoco Products's most ambitious value chain target is to reduce these emissions by 13.5% by 2030, compared to a baseline of 4,733,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. a

Sonoco Products has already surpassed its value chain emissions reduction target, with 2024 levels falling below the 2030 value, achieving its climate goal ahead of schedule. a

Sonoco Products's Value Chain (Scope 3) Emissions Pathway

20192024203001.5 M3 M4.5 M6 MBaselineCurrent (-32%)Target 2030 (-13%)
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