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Brambles to invest US$1 billion in sustainable future

SYDNEY: March 30, 2016. Brambles, the global supply chain logistics company operating primarily through the CHEP and IFCO brands, says it is committed to being a better business, improving local communities and sustaining a better planet in the next five years.

Since 2010, the company has reduced carbon emissions by 20 percent; sourced 97 percent of wood products from certified sources; achieved 75 percent zero wood waste to landfill at sites comprising 92 percent of production volumes; supported more than 100 food banks; contributed US$1.45 million in in-kind donations last year; and eliminated 460,000 tonnes of waste from landfill, and saved 1.38 million trees in Fiscal 2015.

CHEPThe Brambles pooling model reflects the adoption of circular business practices of recover, reuse, reduce and recycle. Customers use its pallets and containers for their supply chains while eliminating the financial and environmental costs and risks of purchasing and disposing of one-way ULDs.

The company says its Sustainability goals for the next five years are zero deforestation – 100 percent chain of custody for all lumber supply globally; zero emissions – 20 percent reduction in CO2 per pooled unit; and zero wood and plastic waste to landfill.

Brambles is also committed to ensure 30 percent of its senior management and Board positions are held by women, and a greater use of its products and services to make annual reductions in packaging and food waste and CO2 levels in customer supply chains.

Brambles CEO Tom Gorman said: "Our 2020 Sustainability goals set a new challenge for us – one that we are excited and committed to undertaking. Our commitment to sustainability fits intrinsically with our model, our markets and our customers' needs and I am delighted to see our goals also align so directly with the Sustainability goals established by the UN."

For its Fiscal 2016 H1 ending December 31 2015, the company reported an 8.0 percent increase in revenue to US$2.75 billion, an operating profit of US$462.7 million, and a net profit of US$290.9 million.

Gorman commented: "We continue to see considerable opportunities to invest for growth at attractive rates of return, where we can leverage the strength of our existing customer relationships, intellectual property and embedded network scale. As such, we continue to anticipate growth capital expenditure during FY17 to FY19 of approximately US$1 billion."

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