Positioned for Continued Growth

SUSTAINABILITY HAS BECOME A GLOBAL PHENOMENON & MANDATE WHAT BRANDS ARE SAYING.... Starbucks is aiming to double the recycled content in [their] cup by 2022. It's also testing more than 12 greener technologies for paper cup liners. ―CNN, February 2019 Pepsi has committed to using only recyclable, compostable or biodegradable packaging by 2025. ―CNN, July 2019 In Germany, Aldi scrapped single- use bags. Aligned to its pledge to cut down plastic packaging by 25% by 2024, the new compostable bags are made of biodegradable material. -Forbes, July 2019 The Kellogg Company is expanding its global sustainability commitments to include a goal of working towards 100% reusable, recyclable or compostable packaging by the end of 2025. -Kellogg Company PR, October 2018 [McDonald's] wants to have 100% of its customer packaging come from renewable, recycled, or certified sources and have recycling available in all its restaurants [by 2025]. -USA Today, January 2018 "Tackling plastic waste is one of my top priorities and I take this challenge personally. We are doing our part to address the issue head on by reducing, recycling and reinventing our packaging." -Ramon Laguarta, CEO PepsiCo Soft drink giants Coca-Cola & PepsiCo have announced they are cutting ties with a trade association representing the plastic industry over concerns their memberships contradict a commitment to reducing waste. ―Newsweek, July 2019 Source: Goldman Sachs Graphic Packaging INTERNATIONAL ©2021 Graphic Packaging International 34

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