Last Updated on June 3, 2024 by admin
Sustainable Labelling: What the Industry Is Doing Now
According to the United Nations, as many as three planets’ worth of resources may be required to sustain our current lifestyles when the population reaches 9.7 billion by 2050. This sobering statistic is part of the data gathered by the UN for the 17 Sustainable Development Goals that began in 2015. In Ireland substantial pledges have been put forward to commit to the 2030 goals of climate change policy. Whether or not that goal will be reached, companies in Ireland such as ourselves are adopting greener practices in both operations and outlook.
Today, we understand how important it is for everyone to do their part in making sure they conserve the planet for future generations. The labelling manufacturing industry is no exception.
Sustainability has been more than just a buzzword in the last few years. Innovations and re-examinations have created several changes to make processes and products more sustainable in our industry. Understanding these sustainable practices will help businesses steer their enterprise into more responsible paths.
What Is Sustainability?
Although everyone will likely have a grasp of what sustainability is, outlining the concept still helps, especially in the context of the print industry.
Sustainability here means access to and use of natural resources in a way that fulfills economic and commercial needs while still preserving them for future generations. In the label manufacturing industry, several avenues for sustainability exist, including the materials or equipment used for labelling, the manufacturing process itself and use of materials, and the management of waste.
At Label Craft, we have solar panels for sustainable energy renewable energy, waste reduction strategies, and partnerships with companies known for their sustainable practices. More than 90% of our sales today are for products sourced from factories that adhere to standards for the environment.
Why Become More Sustainable?
On top of companies’ desire to do their part in preserving the planet, there are several compelling business motivations for adopting sustainable practices. According to Forbes, in many places around the globe, companies can take advantage of tax credits and financial incentives when they become more sustainable. Improving efficiency and productivity also often coincides with becoming more sustainable.
The modern consumer prefers more environmentally conscious brands. According to an article published in the Business News Daily, a survey found that 66% of respondents and 75% of Millennial respondents consider sustainability when making purchasing decisions.
Given these facts, there is a real business case to be made for companies to adopt more sustainable practices in addition to the collective gains from greener manufacturing processes. For those in label manufacturing industry, sustainability may be the only way forward.
