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Sustainability Approach

Sustainability Approach

We are committed to contributing to a more sustainable, resilient, and inclusive economy by advancing circular economy principles, embedding strong governance practices, and creating long-term value for all stakeholders.

At FPS, we believe circularity is central to the future of our industry and to responsible business leadership. We are committed to contributing to a more sustainable, resilient, and inclusive economy by advancing circular economy principles, embedding strong governance practices, and creating long-term value for all stakeholders.

This includes moving beyond the traditional “take, make, dispose” model, using resources more efficiently, reducing reliance on virgin materials, and minimizing waste while upholding high standards of ethical business conduct, transparency, and accountability across our operations and value chain.

Driven by innovation and informed by risk-based and impact-oriented decision-making, each product we develop brings us one step closer to our vision of being the first, safest, and most sustainable choice in flexible industrial packaging.

FPS’s sustainability priorities are structured around four core pillars: Principles of Governance, People, Planet, and Product. Together, these pillars guide how we manage risks and opportunities, respond to stakeholders’ expectations, and integrate sustainability into our business strategy and daily operations.

Governance

We promote responsible business conduct through robust governance structures, clear policies, and effective internal controls.Our approach emphasizes ethical behavior, regulatory compliance, risk management, and transparency, ensuring that sustainability considerations are embedded in decision-making processes at all levels of the organization.

PEOPLE

We are committed to safeguarding the health, safety, well-being, and human rights of our colleagues and value chain workers. We foster an inclusive and diverse workplace that promotes equal opportunities, fair treatment, and continuous development, while engaging with customers, suppliers, and communities to create positive social outcomes and manage social risks across our value chain.

planet

We act as responsible stewards of the environment by reducing emissions, improving resource efficiency, protecting ecosystems, and strengthening climate resilience.Through circular practices and sustainable material choices, we aim to minimize our environmental footprint across the lifecycle of our products.

product

We advance the sustainability of our packaging solutions through innovation, thoughtful design, and strategic investments that enhance recyclability, reusability, and lifecycle performance. Our product development approach supports customer needs and evolving regulatory requirements, contributing to a more circular and lower-impact packaging value chain.

Pillars × Impact

FPS’s sustainability pillars are underpinned by a strong governance framework that ensures accountability, transparency, and continuous improvement, enabling the effective management of material topics and their positive and negative impacts across the value chain.

08

Material Topics

Assessed for both positive and negative impacts across the organization.

04

Sustainability Pillars

Principles of Governance, People, Planet, and Product

03

Value Chain Segments

Own Operations, Upstream, and
Downstream

FPS’s Framework Map

GOVERNANCE

Business Ethics, Transparency and Compliance

POSITIVE IMPACT

  • Compliance with ethical standards and regulations

  • Strengthening trust, integrity, and stakeholder confidence

  • Improved transparency and accountability through governance systems

NEGATIVE IMPACT

  • Limited visibility over indirect suppliers and third-party practices

PEOPLE

Human and Labor Rights

POSITIVE IMPACT

  • Promotion of ethical labor practices and human rights standards

  • Improved working conditions, employee well-being and engagement

NEGATIVE IMPACT

  • Risk of human rights violations in high-risk supply chains

PEOPLE

Customer Experience

POSITIVE IMPACT

  • Higher customer satisfaction, loyalty, and brand reputation

  • Stronger long-term partnerships through sustainability collaboration

NEGATIVE IMPACT

  • Loss of customers due to unmet expectations or poor communication

  • Misalignment with customer sustainability and regulatory expectations

PEOPLE

Occupational Health and Safety

POSITIVE IMPACT

  • Safe and healthy working environment for all employees

  • Reduced incident rates through preventive measures and training

  • Increased employee engagement and safety culture awareness

NEGATIVE IMPACT

  • Workplace accidents or exposure to unsafe conditions

  • Operational disruptions due to incidents or injuries

  • Legal and reputational risks from non-compliance with OHS standards

PLANET

Climate Action and Resilience

POSITIVE IMPACT

  • Reduction of GHG emissions through renewable energy, efficiency, and circular inputs

  • Increased resilience to climate-related risks across operations and supply chain

  • Contribution to low-carbon transition through sustainable product portfolio

NEGATIVE IMPACT

  • GHG emissions from virgin raw materials, production, and logistics

  • Exposure to physical climate risks (e.g., extreme weather, water stress)

  • Transition risks related to evolving climate regulations

PRODUCT

Product Design and Lifecycle Management

POSITIVE IMPACT

  • Reduced raw material consumption through eco-design and light weighting

  • Improved recyclability and design for circularity (aligned with PPWR)

  • Extension of product life through reuse, reconditioning (REBU) and durability

  • Increased use of recycled and certified materials

NEGATIVE IMPACT

  • Continued reliance on fossil fuel-based raw materials

  • High energy and water consumption in production processes

  • Use of chemicals with potential environmental or health impacts

  • Technical and infrastructure limitations for circular solutions

PRODUCT

Sustainable Products and Circularity

POSITIVE IMPACT

  • Enabling circular economy through recycled content and closed-loop systems

  • Reduced carbon footprint across the product lifecycle

  • Alignment with customer sustainability requirements and ESG criteria

  • Driving supply chain transformation through sustainable sourcing

NEGATIVE IMPACT

  • Limited availability of high-quality recycled materials

  • Cost volatility of sustainable raw materials

  • Risk of non-compliance with evolving regulations (e.g., PPWR)

  • Dependency on external recycling infrastructure

PRODUCT

Product Quality and Safety

POSITIVE IMPACT

  • High-quality, safe and compliant products (food / pharma standards)

  • Compliance with food contact and regulatory requirements

NEGATIVE IMPACT

  • Product recalls or non-compliance with safety regulations

  • Reputational and financial risks from quality failures

LEGAL DISCLAIMER

This Sustainability Report, reflecting FPS’ current sustainability initiatives and targets, has been developed based on information available at the time of preparation and is provided for informational purposes only as of the date of publication. This report contains statements regarding current expectations, objectives, plans, and future developments related to sustainability matters. Such statements are based on information, assumptions, and circumstances existing at the time of publication and may change over time due to evolving conditions and circumstances beyond the control of FPS. While FPS aims to present accurate and up-to-date information, no representation or warranty, express or implied, is made regarding the completeness, accuracy, or reliability of the information contained herein. Certain figures and data may be subject to rounding or future revision. Unless expressly stated otherwise, nothing in this report shall constitute a legally binding obligation, representation, warranty, or commitment by FPS. This report should be read together with FPS’ policies and applicable legal and regulatory requirements.