Vinyl Sustainability Council Releases Annual Report

The Vinyl Sustainability Council's 2024 report highlights the vinyl industry's commitment to sustainability, showcasing 30 verified companies under its +Vantage Vinyl® program and the success of the VIABILITY™ recycling grant program, which awarded $1.674 million to enhance post-consumer vinyl recycling capacity. In the EU, the Corporate Sustainability Reporting Directive (CSRD) mandates detailed sustainability disclosures from capital market-oriented companies starting in 2025, alongside the European Sustainability Standards to guide these efforts. KPMG's latest survey indicates that a growing number of top companies are proactively adopting sustainability practices and carbon reduction targets ahead of mandatory reporting obligations. Dell's vice president emphasizes the tech industry's focus on sustainability, reflecting a broader trend across various sectors. Additionally, Australia's engagement with Southeast Asia underscores the importance of collaboration in fostering innovation and sustainability, highlighted by the Aus4Innovation Program's recent funding for agricultural projects in Vietnam. This collective movement towards sustainability across industries and regions demonstrates an increasing recognition of its critical role in corporate governance and strategy.