ESG: new WEPA tool combines innovation and sustainability
The company is still committed to creating added social value with the additions to its portfolio
Driven by innovation and sustainability, WEPA, one of Europe’s leading specialists in private label tissue manufacturing, is launching a new rating tool that combines innovation with sustainability.
Driven by these two pillars, sustainability has played a very important role for the company since its foundation. And, with its 4+1 Sustainability Strategy, WEPA is on an ambitious path.
For the company, the innovations can help it achieve its goal of becoming the number one sustainability company in the sector. For this reason, its team searches daily for innovative solutions and additions to the portfolio that will accompany it on its way into the future.
In a note, the company declared that it was very proud of the dedication of its employees, who work together on sustainable solutions, aimed at the future.
“ESG stands for Environment, Social and Governance, so it addresses sustainability comprehensively. Only through a focus on ecologically and socially sustainable innovations and business models can we be economically successful over the long term and make a positive contribution. That’s why we are committing ourselves fully to sustainability in the expansion of our portfolio,” explains Leonie Rösnick, responsible for the development of WEPA’s ESG rating tool.
The tool developed by the company makes it possible to evaluate innovations, for example, in the development of new products or in undertakings – it denotes various organizational approaches adopted by larger companies to guarantee growth through innovation. In addition, it also points out measures that must be taken to avoid risks and make the most of investment opportunities.
“I’m especially proud of the acceptance and interest of the participating WEPA business units, such as New Business Areas, that integrate the ESG evaluation in their processes. This enables us to jointly and actively advance a portfolio expansion at WEPA that is profitable over the long term and thus sustainable,” Leonie stated.
In parallel with the implementation of the ESG rating tool, the company has established objectives in this area and is committed to creating added social value with the additions to its portfolio.
In practice, this means that 100% of investment decisions are evaluated through sustainability assessment and 100% of investments create positive value for society and do not carry significant or uniquely managed ESG risks.
