For the third year in a row, MSCI awarded Huhtamaki an 'A' (on a scale of AAA-CCC) in its annual assessment. Maintaining our rating is fundamentally important for us and reflects our top-of-industry governance practices as well as our continuous work to produce more sustainable packaging through e.g. using renewable energy sources.

Receiving the score, published on December 5th, marks a moment to review our past few years of work and prepare for 2025 while ensuring we continue to focus on making an impact where it matters. 

The MSCI ESG Rating assessment takes place annually. It measures a company's resilience to long-term, industry-wide material environmental, social and governance risks and how well it manages those risks relative to peers. Read more about MSCI here. 

In 2023, as the score reflects, we continued working on understanding our impact on biodiversity and evaluating the materiality of key areas in sustainability for Huhtamaki. In 2024, we have continued to develop on these areas as we've conducted our first TNFD assessment and worked on our first CSRD report. While we have made great progress in the past years, we know that our journey must continue. The COP29 discussions hosted in Baku are a reminder to all of us about the gap that must still be closed between the current rate of progress seen and global sustainability commitments, especially related to climate and nature made by companies and countries alike. Huhtamaki is committed to continuing to drive change through sustainable packaging solutions and constant development of sustainable operations.