Cabka demonstrates continued leadership in circular economy with 2023 Annual Report
Cabka, the market leader in reusable transport packaging made of recycled plastic publishes its Annual Report 2023. It includes both the financial report for the accounts of Cabka N.V. and the company’s Environmental, Social, and Governance (ESG) report.
Throughout 2023, Cabka remained steadfast in its commitment to sustainability, achieving significant milestones, which underscore its leadership in the circularity movement within the Reusable Transport Packaging (RTP) industry.
Cabka’s dedication to sustainability is exemplified by its remarkable achievement of 89% of raw material originating in plastic material recovery. This means that the company was able to increase the already high proportion of recycled materials intake by a further 3% compared to the previous year. This accomplishment significantly surpasses the European average of 14% recycled plastics and the target to get to 33% by 2030. 1, highlighting Cabka's pioneering role in
reshaping industry standards. Notably, all products are 100% reusable, with clauses for take- back and recycling, further supporting the circularity ethos.
In recognition of its commitment to sustainability, Cabka attained “gold” status in the prestigious EcoVadis assessment for the first time in 2023. This underlines Cabka’s exceptional performance across various sustainability metrics, elevating the company to be within the top 6% of rated organizations, a leap from the top 25% in just one year.
Moreover, Cabka’s engagement with the Carbon Disclosure Program (CDP) underscores its dedication to addressing climate impacts. With a commendable B score, Cabka aligns itself with the overall performance of European companies, demonstrating its proactive stance in combating climate change. Cabka's performance surpasses the sector’s average, being an average grade C across the plastic products manufacturing industry.
Cabka’s commitment to low-carbon circular economy principles is evident in its product designs and material management strategies. By utilizing recycled materials and designing products for reuse and recyclability, Cabka minimizes waste and resource consumption throughout its product lifecycle.
With its business model, Cabka avoids more greenhouse gases than those generated by its overall company carbon footprint of 226,000 tons CO 2 e (Scope 1, 2, and 3). In 2023, Cabka took in 140,000 tons of plastic waste. Inhouse waste processing and predominantly recycled material input therefore led to 309,000 tons CO 2 being avoided in 2023 2.
