MEMPHIS, Tenn.–(BUSINESS WIRE)–Ring Container Technologies, an industry leader in the manufacture of plastic containers, today announced that the company has been awarded a Gold Medal for Sustainability by EcoVadis, the leading environmental, social and ethical performance assessment platform for global supply chains. The rating places Ring in the top 5% of all companies rated.
The objective of the EcoVadis methodology is to measure the quality of a company’s sustainable development management system through its policies, actions and results. The assessment focuses on 21 sustainability criteria grouped into four themes: environment, labor and human rights, ethics and sustainable procurement. Ranked in the 98th percentile, Ring was only one point away from achieving a platinum rating.
From last year’s honors to this year, the company’s score has increased by 20 points from silver to gold status. As an industry leader in sustainability practices, Ring’s proprietary technologies have been recognized for reducing food waste, minimizing material and energy use, and being fully recyclable.
“EcoVadis’ Trusted Standard Ratings reinforce Ring’s commitment to investing in making more sustainable and environmentally responsible products and innovations,” said Brian Smith, President and COO of Ring. Container. “The progress made within the company over the past year is proof of this. Our customers rely on Ring not only for on-time and complete deliveries, but also for sustainable solutions. We are proud to achieve this. »
In addition to a top EcoVadis performance, Ring is involved in several other initiatives to support environmental protection. Last year, the company pledged to reduce energy intensity by 20%, on average across all plants, by 2028 as part of the Department of Energy’s Better Plants program. And across the country, 100% of factories have engaged in Operation Clean Sweep to prevent plastic debris from entering waterways.
To date, the EcoVadis database has more than 90,000 rated companies in 175 countries and 200 sectors. Approximately 750 multinational companies, representing more than 47,000 sourcing and sustainability professionals, have chosen EcoVadis to assess and monitor their global supplier base or selected business partners.
About Ring Container Technologies
Ring Container Technologies is a multinational corporation headquartered in Oakland, Tennessee. Focused on developing container technology solutions for its customers for over 50 years, the company has become an industry innovation leader and one of the largest plastic container manufacturers in North America. Committed to being fiscally, socially and environmentally responsible, Ring Container Technologies strives to advance innovation while exceeding expectations by design. For more information, visit www.ringcontainer.com.