Dear reader,

Welcome to our annual Sustainability Update. Times are changing rapidly. Where for a long time, the focus in our industry lay mainly on ensuring just-in-time delivery of products, the keyword is now ‘availability’. Disruptions in global value chains force us to adjust our strategy and become more flexible and resilient. Ensuring sufficient stock is increasingly important, and for that you need financial sustainability.

Fortunately, for Royal LC Packaging, this is a given. We are a financially healthy company, partly thanks to sustainable entrepreneurship. Continuously reinvesting profits back into the company for over 102 years is now paying off. Always with our key values commitment, reliability and loyalty at the foundation. Our commitment towards ensuring the wellbeing of our employees ensures a stable, committed, motivated workforce. Moving mountains, even in challenging times. The transparent relationship with our customers, based on reliability and trust, ensures the continuity of their operations and ours. The loyalty towards our production partners ensures quality, relevance, compliance, and a constant supply.

This year, in line with CSRD requirements, we conducted our double materiality assessment, to better understand the impacts, risks and opportunities related to social, environmental and governance topics. It has proven to be a perfect reason to further engage in dialogue with our stakeholders and to re-examine the way we do business. In this report, we present the outcomes to you, including the material topics.

Additionally. special attention is paid to the main goals we have set for 2030, related to the implementation of living wages in our upstream value chain, ensuring our products and services meet circular economy criteria and our SBTi-validated target to reduce emissions in our value chain by 50%, compared to 2021.

Today, 25% of our company’s turnover comes from circular packaging, the emissions in our value chain have been reduced by 20.9%, compared to 2021, and 57.2% of our key production partners’ employees earned a living wage in 2024, rather than the often much lower legal minimum wage.

In this Sustainability Update, we look back on the third year in our journey to become a leader in sustainable packaging: the policies and targets we set and the actions we took, and as always, we present to you a transparent and honest overview of our results.

Please enjoy reading our Sustainability Update. I hope you will join us on our journey.