HUHTAMÄKI OYJ PRESS RELEASE 24.4.2024 AT 15:00 EEST
The European Parliament voted to approve the Packaging and Packaging Waste Regulation (PPWR) today on Wednesday April 24, 2024. The vote followed a negotiation agreement reached on March 15 between the EU institutions on the final version of the regulation.
The negotiation agreement, now endorsed by the European Parliament, brought significant changes compared to the original proposal for the regulation by the European Commission specifically in relation to restrictions of packaging formats in HORECA sector and to take-away re-use targets.
"We welcome the European Parliament's vote to move forward on this important piece of environmental legislation. The regulation includes ambitious and binding recyclability and recycling targets for the industry. We are committed to providing our customers with innovative and fully recyclable packaging solutions. We are pleased that the regulation approved today by the European Parliament respects the principle of best environmental outcomes by allowing the use of renewable and recyclable paper-based single use packaging in the HORECA sector", says Charles Héaulmé, President and CEO of Huhtamaki.
The EU Council is expected to confirm the adoption of the regulation later during 2024 with the regulation being implemented during year 2026.
For further information, please contact:
Maria Tomminen, Senior Manager, Media Relations, Huhtamaki, tel. +358 10 686 700
HUHTAMÄKI OYJ
Global Communications
About Huhtamaki
Huhtamaki is a leading global provider of sustainable packaging solutions for consumers around the world. Our innovative products protect on-the-go and on-the-shelf food and beverages, and personal care products, ensuring hygiene and safety, driving accessibility and affordability, and helping prevent food waste. We embed sustainability in everything we do. We are committed to achieving carbon neutral production and designing all our products to be recyclable, compostable or reusable by 2030. Our blueloopTM sustainable packaging solutions are world-leading and designed for circularity.
We are a participant in the UN Global Compact, Huhtamaki is rated 'A' on the MSCI ESG Ratings assessment and EcoVadis has awarded Huhtamaki with the Gold medal for performance in sustainability. To play our part in managing climate change, we have set science-based targets that have been approved and validated by the Science-Based Targets initiative.
With 100 years of history and a strong Nordic heritage we operate in 37 countries and 107 operating locations around the world. Our values Care Dare Deliver guide our decisions and help our team of around 18 000 employees make a difference where it matters. Our 2023 net sales totalled EUR 4.2 billion. Huhtamaki Group is headquartered in Espoo, Finland and our parent company, Huhtamäki Oyj, is listed on Nasdaq Helsinki Ltd. Find out more about how we are protecting food, people and the planet at www.huhtamaki.com.
