LBI outlines commitment to environmental sustainability
LBI has announced its plan to address climate change in the years to come. The company has outlined milestones that it hopes to achieve by 2040: produce 2 million tons of renewable polymers on a year-to-year basis by 2030 and reuse 100% of its plastic packaging worldwide. The milestones also cited that the company plans to eliminate all loss of plastic pellets to the environment from its operations and supply chain, and divert millions of tons of plastic waste in cities through cooperation with the Alliance to End Plastic Waste.
ESGIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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