BIC Releases 2023 Sustainability Report, Highlights Twenty Years of Impact

Rhea-AI Summary

BIC has released its 2023 Sustainability Report, showcasing 20 years of sustainability impact and progress. The report outlines significant achievements under the Horizon strategic plan, initiated in 2020 with the 'Writing the Future, Together' program, focusing on sustainable innovation, climate action, and workplace safety.

Key milestones include a 72% reduction in scope 1 & 2 emissions from 2022 levels and achieving 91% renewable energy usage across all sites by 2025. Additionally, BIC has developed lighter recycling machines and enhanced eco-friendliness in its stationery products through the EMA tool.

The report underscores BIC's commitment to delivering long-term growth and value while maintaining product quality and safety.

Positive

• 72% reduction in scope 1 & 2 emissions from 2022 levels.
• 91% renewable energy usage commitment across all sites by 2025.
• Development of lighter recycling machines.
• Enhanced eco-friendliness in stationery products via the EMA tool.
• Focus on long-term growth and sustainable value delivery.

Negative

• No specific financial data provided, limiting assessment of financial impact.
• Ambitious goals may be challenging to achieve, posing a potential risk.

SHELTON, Conn., May 28, 2024 /PRNewswire/ -- BIC, a world leader in stationery, lighters and shavers, released today its 2023 Sustainability Report. The report highlights the organization's 20 years of impact, including ongoing commitments to environmental stewardship, social responsibility, and sustainable business practices.

BIC Releases 2023 Sustainability Report, Highlights Twenty Years of Impact

"This report highlights the progress we've made toward BIC's sustainability commitments and how we positively impact everyday lives and prioritize our planet through simplicity, sustainability and joy," said Gonzalve Bich, CEO. "I remain confident in BIC's continued ability to drive long-term growth, deliver value responsibly and sustainably and maintain the quality and safety of our trusted products to millions of consumers across the globe."

BIC set ambitious goals through its Horizon strategic plan, launched in 2020, which included the "Writing the Future, Together" sustainability program, and consists of five core commitments: sustainable innovation, climate action, workplace safety, supplier engagement and education enhancement. 

The 2023 report provides an overview of BIC's global impact and greenhouse gas (GHG) emissions across all scopes, progress toward sustainability and education commitments, business priorities, and more.

Key highlights from the Sustainability Report 2023 Include:

• Reducing our scope 1 & 2 emissions by 72% compared to 2022.
• Reaching 91% renewable energy usage commitment on all sites by 2025.
• Utilizing our Environmentally and Socially Measurable Advantage (EMA) tool to enhance the eco-friendliness of our products. This has resulted in all primary stationary lines now offering at least one item made with alternative, more environmentally friendly materials.
• Creating first-of-their-kind lighter recycling machines.

BIC's Sustainability Report 2023 can be found on Investors.BIC.com.

About BIC
A world leader in stationery, lighters and shavers, BIC brings simplicity and joy to everyday life. For more than 75 years, the Company has honored the tradition of providing high-quality, affordable, essential products to consumers everywhere. Through this unwavering dedication, BIC has become one of the most recognized brands and is a trademark registered worldwide. Today, BIC products are sold in more than 160 countries around the world and feature iconic brands such as BIC Kids™, BIC Flex™, BodyMark by BIC™, Cello®, Djeep ™, Lucky Stationery, Rocketbook, Soleil®, Tipp-Ex®, Us.™, Wite-Out®, Inkbox and more. In 2023, BIC Net Sales were $2,534 million. The Company is listed on Euronext Paris, is part of the SBF120 and CAC Mid 60 indexes and is recognized for its commitment to sustainable development and education. It received an A- Leadership score from CDP. For more, visit www.bic.com or follow us on LinkedIn, Instagram, or YouTube.

Media Contact: 
Lauren Gray
lauren.gray@bicworld.com

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SOURCE BIC CORPORATION

FAQ

What are the key achievements in BIC's 2023 Sustainability Report?

Key achievements include a 72% reduction in scope 1 & 2 emissions, 91% renewable energy usage commitment by 2025, development of lighter recycling machines, and enhanced eco-friendliness in stationery products.

What is the Horizon strategic plan mentioned in BIC's 2023 Sustainability Report?

The Horizon strategic plan, launched in 2020, includes the 'Writing the Future, Together' program focusing on sustainable innovation, climate action, workplace safety, supplier engagement, and education enhancement.

How has BIC improved the eco-friendliness of its products?

BIC has utilized the Environmentally and Socially Measurable Advantage (EMA) tool to enhance the eco-friendliness of its products, resulting in all primary stationery lines offering items made with alternative, environmentally friendly materials.

What are the future energy goals for BIC as per the 2023 Sustainability Report?

BIC aims to reach 91% renewable energy usage across all its sites by 2025.

How does BIC's 2023 Sustainability Report reflect its commitment to climate action?

BIC's report reflects its commitment to climate action by highlighting a 72% reduction in scope 1 & 2 emissions compared to 2022 and a 91% renewable energy usage goal by 2025.