At Dynapack Asia, sustainability is one of our key pillars. We are proud to announce that in 2024, our EcoVadis score improved to 65, a testament to our dedication to responsible practices and continuous improvement in Environmental, Social & Governance (ESG) performance. EcoVadis, a globally recognized platform, provides sustainability ratings based on four key themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. These assessments help us integrate Corporate Social Responsibility (CSR) principles into our operations and management systems, ensuring alignment with global sustainability standards.
Ecovadis Performance 2022 - 2024
In 2024, 11 of our subsidiaries have undergone EcoVadis assessments, with 3 new subsidiaries added, bringing the total to 79% of our subsidiaries assessed. The graph above illustrates the scored performance of our subsidiaries from 2022 to 2024. While we await the scores for Dynapack Tianjin and Dynapack Asia (Group), which will be released in February 2025.
Using a weighted average scoring approach based on production volumes, our EcoVadis score has consistently improved, rising from 56 in 2022 to 65 in 2024 with one subsidiary earning a Gold medal, two subsidiaries earning Silver medals, and six subsidiaries achieving Bronze medals.
Top 3 highest-scoring subsidiaries:
- King Plastic Singapore Pte Ltd (KPSG) – 79 (Gold medal, in the 98th percentile, ranking among the top 2% of over 1,001+ companies rated by EcoVadis)
- K-Plastics Sdn Bhd (KPMY) – 73 (Silver medal, in the 93rd percentile, ranking among the top 7% of over 1,001+ companies rated by EcoVadis)
- Berli Dynaplast Thailand (BDPT) – 69 (Silver medal, in the 88th percentile, ranking among the top 12% of over 1001+ companies rated by EcoVadis)
The remarkable improvement in our EcoVadis score reflects several key actions we have implemented to enhance our ESG practices. We have standardized policies that cover all four themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. These policies ensure consistency across our subsidiaries, providing clear guidance on best practices. Additionally, we have implemented robust action plans to address ESG goals, aligning them with global sustainability standards and integrating them into our day-to-day operations. This includes enhancing how we document and report our ESG activities, ensuring that data is accurate, accessible, and aligns with EcoVadis’ assessment criteria.
Dynapack Asia is committed to further improving its sustainability performance. In 2025, we aim to achieve a score above 65, and over 85 by 2030. We are planning to have 100% of our subsidiaries assessed by EcoVadis by 2025, driving transparency and accountability across all our operations.
Our journey with EcoVadis reflects our commitment to sustainability as a driver of meaningful progress, not merely the pursuit of scores. By actively addressing areas of improvement identified in the assessments, we work collaboratively with subsidiaries to adopt and enhance best practices. This proactive approach ensures Dynapack Asia continues to drive sustainability, delivering positive impacts across its operations and the communities it serves.