Beontag publishes 2022 ESG report

Beontag, self-adhesives and smart tags such as RFID and NFC manufacturer, has published its 2022 ESG Report, showing progress compared to 2021, despite the rapid expansion of the company’s footprint following a series of successful global acquisitions. 

The report shows financial result and company performance – including 22 percent of organic and 180 percent of total growth, reaching USD 551 million net revenue. The company also achieved advances in sustainability, such as the sale of sustainable products, landfill waste reduction, local sourcing of suppliers, increase of women in the workforce and leadership positions, and delivering company ESG strategy integration, all while addressing the challenges of increased energy consumption and Scope 3 emissions as a result of the expansion of business operations in 2022.    

In 2022, Beontag developed its second Greenhouse Gas (GHG) emissions inventory. This GHG inventory provides a better understanding of the carbon emissions and impacts associated with Beontag’s global operations. Monitoring of ESG KPIs expanded to encompass newly acquired operations, and product Life Cycle Assessment (LCA) were introduced to provide credible information about Beontag products' environmental impacts and showcase how they contribute to clients’ sustainability strategies.  

The company has expanded investment, development and production of sustainable products, such as the patented ECO RFID tag, which reduces the indirect emissions (Scope 3) of its consumers by more than half the gCO2e per unit compared to a PET/Alu tag.  

During this reporting period, inclusion, diversity and equity initiatives were also implemented at corporate and operational levels, mainly focused on gender equality. The total number of women in the company and in leadership positions are the two gender diversity indicators tracked and monitored on a monthly basis.   

In 2022, Beontag has acquired five companies and is working to integrate them as a group 

Barbara Dunin, director of ESG, marketing and communications at Beontag, commented: ‘During a year of significant growth, expansion and global acquisitions, our ESG team grew to match this new expectation, demonstrating our unwavering commitment to this shared mission to operate with a more sustainable lens. While we continue to work to fully integrate our expanded operations into our ESG strategy, we are making strong progress and are currently on track to meet all of our 2030 ESG goals.’ 

Ricardo Lobo, CEO of Beontag, said: ‘2022 was an important year for Beontag. We made strategic acquisitions, diversified our portfolio and provided more sustainable products across all our business lines. In 2023 and beyond, we are excited to continue innovating and expanding our solutions to meet our clients’ needs - all while improving our ESG credentials and reducing the impact of our sector on the planet.’  

The publication of the 2022 Sustainability Report follows the negotiation of a Sustainability-Linked Loan (SLL) of EUR 120 million with global banks. The facility contains incentivized terms that are linked to the company’s 2030 ESG Strategy, which was rolled out in 2022 and is aligned to the United Nations Sustainable Development Goals (SDGs). During the development of the SLL agreement, Beontag’s 2030 ESG strategy was scrutinized by financial institutions and proved to be robust and reliable for driving progress in the years to come.