Technimark Rated A Sustainability Leader By Ecovadis

Technimark Rated A Sustainability Leader By Ecovadis

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Technimark Commits to Bold Climate Action and Achieves EcoVadis Gold Medal

Technimark Commits to Bold Climate Action and Achieves EcoVadis Gold Medal

Asheboro, NC – October 15, 2024 – Technimark, a global leader in manufacturing solutions for healthcare, consumer packaging, and specialty industrial markets, announced today a major commitment to combat climate change. The company will finalize and submit science-based greenhouse gas (GHG) emissions reduction targets for validation by the Science Based Targets initiative (SBTi), positioning Technimark at the forefront of corporate climate action.

As a testament to its comprehensive sustainability efforts, Technimark has also been awarded the prestigious Gold Medal by EcoVadis, the world’s largest provider of business sustainability ratings. This accolade places Technimark among the top 4% of companies evaluated globally for their performance in environment, labor and human rights, ethics, and responsible sourcing. 

The pursuit of SBTi validation builds upon Technimark’s 2030 goals across its key pillars of People, Planet, and Product. As highlighted in its 2023 Sustainability Brief, Technimark is committed to a 42% reduction in its direct greenhouse gas emissions (Scope 1 and 2) by 2030. This includes emissions from its own operations and purchased energy. Now, Technimark is raising the bar higher by developing a new target to address indirect emissions (Scope 3) throughout its entire value chain. 

“Our commitment to SBTi validation and the recognition from EcoVadis underscores our proactive approach to sustainability,” says Brad Wellington, President and Chief Executive Officer of Technimark. “We’re setting ambitious targets and taking concrete steps to transform our operations, aiming to inspire industry-wide change through our actions.”

“At Technimark, we believe that true leadership in sustainability requires constant evolution,” adds Katie Distler, Chief Sustainability Officer at Technimark. “By aligning our climate targets with the latest scientific standards, we’re not just reducing our environmental footprint – we’re paving the way for a more sustainable future in manufacturing. The EcoVadis Gold Medal serves as a testament to our comprehensive approach to responsible business practices.”

Technimark’s commitment to science-based targets and its EcoVadis Gold status represent significant milestones in the company’s sustainability journey. By implementing rigorous sustainability practices and setting ambitious goals, Technimark aims to create a ripple effect throughout its supply chain and the broader manufacturing sector. This approach not only addresses the company’s direct environmental impact but also encourages partners, suppliers, and competitors to elevate their own sustainability standards, potentially leading to a collective reduction in the industry’s carbon footprint.

As the company moves forward, it remains dedicated to innovating sustainable solutions, fostering a culture of environmental responsibility, and creating long-term value for its customers, employees, and the communities it serves.

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Technimark Debuts Ambitious 2030 Goals in Newly Released Sustainability Brief

ASHEBORO, NC – JUNE 4, 2024 – Technimark, a global leader in plastic injection molding for healthcare, packaging, and specialty industrial markets, announced today the release of its 2023 Sustainability Brief, unveiling ambitious 2030 sustainability goals and detailing performance across three core pillars of People, Planet, and Product.

“Fostering a workplace where every employee can thrive, minimizing our environmental footprint, and delivering innovative products that responsibly provide value has always been fundamental to our business and growth,” said Brad Wellington, Technimark President and CEO.  “Over the past year, we challenged ourselves to accelerate the positive impact we have on the issues that matter most to our stakeholders. Our 2030 goals now serve as our North Star, guiding us forward with focus and commitment.”

The 2023 Sustainability Brief debuts Technimark’s 2030 vision and outlines a comprehensive sustainability strategy. The strategy is informed by an in-depth materiality assessment and aimed at reducing the leading global manufacturer’s climate impact, zeroing out waste to landfill, fostering a diverse and inclusive culture, and advancing sustainability and circularity across the plastics value chain. Additionally, the brief provides a disclosure of performance in alignment with the Sustainability Accounting Standards Board (SASB) transparently highlighting Technimark’s 2023 progress in preparation for expanded reporting against its new goals in the future. Highlights of the brief include:

  • Setting a 2030 target to reduce Scope 1 and 2 greenhouse gas emissions by 42% compared to a 2021 baseline, in line with limiting global warming to 1.5° C
  • Reducing Scope 1 and 2 market-based emissions by over 24% since 2021
  • Diverting more than 85% of waste from landfill or incineration at the majority of Technimark locations
  • Decreasing water consumption more than 12 percent from 2022 to 2023
  • 98 percent of purchased wood fiber from certified sustainable sources
  • A 2023 EcoVadis silver medal, highlighting the company’s sustainability performance within the top 9% of all rated companies and the top 5% within its industry

“Technimark embraces sustainability as a cornerstone of our business model. This brief highlights our strengths and successes but also where we can improve in our efforts to build a more sustainable future,” says Katie Distler, Technimark’s Corporate Vice President, ESG. “At Technimark, sustainability is on all of us. We measure and report on the impact of our initiatives so that everyone knows the difference we’re making — and where we need to work harder. Continuous improvement, innovation, and passion are in our DNA.”  

The 2023 Sustainability Brief is available at https://www.technimark.com/documents/technimark-sustainability/ and references relevant sector standards from SASB, the Global Reporting Initiative, and the United Nations Global Compact.

About Technimark

Technimark is a global manufacturing solutions provider for the healthcare, consumer packaging, and specialty industrial market. Technimark specializes in precision injection molding, value-added assembly, and full supply chain services. Technimark provides clients with customized, end-to-end solutions based on technology and innovation that improve quality, reduce risk, lower costs, and speed products to market. With facilities in the United States, Mexico, United Kingdom, Ireland, Germany, and China, Technimark delivers high-quality products worldwide. For more information, visit technimark.com.

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Technimark Rated A Sustainability Leader By Ecovadis

Company’s ongoing commitment lands it among the top 9% of all rated companies worldwide

ASHEBORO, N.C., April 18, 2023 — Technimark, a global manufacturing provider for the healthcare, consumer packaging and specialty industrial markets, announced today that it has been awarded a Silver medal from EcoVadis in recognition of its sustainability performance. The rating places Technimark among the top 9% of assessed companies across all industries worldwide.

“Technimark has always been a technology leader. We are leveraging this heritage to support our commitment to sustainability,” said Brad Wellington, the company’s CEO. “Additionally, we are continuing to build on our corporate culture of responsibility while creating value for our customers. We are pleased to be recognized by EcoVadis for our efforts to reduce our environmental impact, support and empower our teammates, and hold ourselves to the highest standards of business conduct.”

Technimark’s performance was assessed across 21 indicators in four themes: Environment, Labor and Human Rights, Sustainable Procurement and Ethics. EcoVadis’ assessment methodology is built on international sustainability standards, including the Global Reporting Initiative, the United Nations Global Compact, and ISO 26000. The leading business sustainability ratings organization covers 200+ industry categories, 175 countries, and more than 100,000 companies worldwide. 

“Partnership with EcoVadis helps build trust and transparency with our customers,” notes Vice President, ESG, Katie Distler. “We consider our annual rating as a gauge of Technimark’s progress to act on the sustainability issues of greatest importance to our stakeholders and business. It is also a tangible symbol of the dedication of our teammates globally who show up daily with a responsible business mindset. Our EcoVadis rating continues to improve, and we will always strive for more.”

Technimark is a proud signatory to the UN Global Compact and an active member of the Association of Plastic Recyclers and the Healthcare Plastics Recycling Council, where it leverages its expertise and partners across the value chain to advance sustainability and product circularity in the industry. As part of its Ambition 2030, Technimark will soon announce updated company-wide goals focused on climate, waste reduction, responsible sourcing and employee engagement.

About Technimark
Technimark is a global manufacturing solutions provider for the healthcare, consumer packaging and specialty industrial markets. Technimark specializes in precision injection molding, value-added assembly and full contract manufacturing services. Technimark provides clients with customized, end-to-end solutions based on technology and innovation that improve quality, reduce risk, lower costs and speed products to market. With facilities in the United States, Mexico, Germany, Ireland, the United Kingdom and China, Technimark delivers high-quality products worldwide. As part of Technimark’s commitment to sustainable and responsible business practices, the company has embedded the Ten Principles of the United Nations Global Compact into strategies and operations, and committed to respecting human and labor rights, safeguarding the environment, and working against corruption in all its forms. For more information, visit technimark.com.

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