Key Takeaways
- Sustainability Progress: Pyxus International reduced total emissions by 14% since 2020 and achieved significant water and packaging improvements.
- Community Impact: Benefited approximately 190,000 people through global support initiatives.
- Employee Safety: Maintained a low lost-time injury rate for the third consecutive year.
- Ethical Practices: Achieved 100% completion rate for responsible marketing training among applicable employees.
- Global Standards: Report prepared with reference to GRI Standards and aligns with UN Sustainable Development Goals.
Commitment to Sustainability and Social Responsibility
Pyxus International, Inc. (Profile) has released its Fiscal Year 2024 Sustainability Report, showcasing the measurable impacts of its environmental and social initiatives. The report highlights Pyxus’ continued commitment to integrating sustainability into all aspects of its operations while delivering value to stakeholders and communities.
Pieter Sikkel, President and CEO of Pyxus International, stated: “Fiscal year 2024 was an exceptional year for Pyxus, and this report highlights the positive impacts of our environmental and social initiatives, including collaboration with our contracted growers to reduce scope 3 emissions, improvement of our employee health and safety practices, and providing support to those in need. We remain committed to viewing all aspects of our business through a sustainable lens.”
Key FY24 Sustainability Achievements
1. Environmental Progress
- Emissions Reduction: Achieved a 14% decrease in total emissions since its 2020 baseline, supporting Pyxus’ 2050 net-zero emissions goal.
- Water Usage: Reduced total water withdrawal per product unit by 17% compared to 2020, exceeding global water targets.
- Sustainable Packaging: Increased the sustainability of consumer packaging by 16% year over year, with 71% now reusable, recyclable, or compostable.
2. Community Support and Employee Safety
- Injury Rate: Maintained a lost-time injury rate below 0.5 per 100 employees for the third consecutive year, with a 32% improvement from FY23.
- Global Community Initiatives: Benefited approximately 190,000 people worldwide through various programs, surpassing annual targets.
3. Ethical Business Practices
- Responsible Marketing: Achieved 100% completion rate for responsible marketing training among relevant employees and retailers.
Alignment with Global Standards
The FY24 Sustainability Report was prepared using Global Reporting Initiative (GRI) Standards and aligns with the United Nations Sustainable Development Goals (SDGs). Additionally, Pyxus externally verified 11 global key performance indicators (KPIs), up from three in the previous year, reflecting an enhanced commitment to transparency and accountability.
Read the complete report here.
