At PACCOR we are valuing future resources. This is why we are transforming our business and decoupling it from resource constraints. Our CARE strategy is about creating a culture which cares for all the materials we use, eliminating waste and reducing variable costs. It is about increasing resource efficiency in our operations and making our supply chain more sustainable, as well as minimising risks
Our ambition is to be a circular business built on renewable energy and recycled resources, decoupling material use from our growth. In line with this, PACCOR is driving a resource efficiency agenda, reducing our environmental footprint while strengthening our business.
By 2025, our goal is to be a circular business built on renewable energy and recycled resources, decoupling material use from our growth. Therefore, we look beyond our own operations and consider our whole lifecycle, including suppliers, customers and end of life, to identify hotspots. This will constitute the basis for our improvement roadmap, based on prioritised programs and resources to create the biggest impact.
We have set our current target in accordance with the available science-based target methods. Our goal is to reduce PACCOR's carbon footprint from cradle to grave by 15 percent per tonne of sales between 2019 and 2025 (Scope 1, 2 and 3) while growing PACCOR business.
PACCOR has moved the focus from managing waste to eliminating waste. Our ambition is to drive towards zero waste at all our production sites in the coming years. Our resource efficiency agenda helps to increase raw material efficiency in our manufacturing operations, reducing our environmental footprint as well as costs.
Therefore, we are focusing on reducing hazardous waste to landfill and a better conversion of raw materials into final products at all our sites. Thanks to participation in the Operation Clean Sweep®, our sites were able to reduce the loss of resin raw materials and increase yields significantly during 2019. Furthermore we are very proud to have a closed cooling water system at all our sites.
To quantify and track the transition towards a fully carbon neutral plastic packaging value chain by 2050, we have completed our first cradle-to-grave carbon footprint reporting for the entire company for the year 2019, according to the Greenhouse Gas (GHG) protocol.
As of 2020 and over a period of three years, we have committed to increase our renewable electricity share to 100% at all our sites, through Certificates of Origin purchase. At our site in Ravensburg, Germany, the share of renewable electricity is already 60%.
We are very proud to have a closed cooling water system at all our sites. We manage water consumption by measuring water balance and assessing risks and corrective actions related to water sources, security of supply, efficiency, quality of discharges and regulatory compliance.
We have moved the focus from managing waste to eliminating waste. PACCOR Iberia, for example, has been investing heavily in the “closed loop system concept” and achieved the net minimum net scrap cost of 1.1% of sales during 2019.