| Invested through |
|
|---|---|
| Asset Classes | Listed equity |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | CH0435377954 |
| Industry group | Materials |
| Aligned with SDGs |
SIG Combibloc (SIG) is a leading global system supplier of aseptic carton packaging for liquid dairy (LD), non-carbonated soft drinks (NCSD) and liquid food packaging applications. SIG's packaging technology allows for a shelf life of up to 12 months, without the use of refrigeration or the inclusion of chemical preservatives. SIG's packaging formats offer advantages such as efficient use of materials, reduced packaging weight, lower transport costs, and enhanced sustainability. SIG’s packaging solutions use renewable paperboard and innovative barrier technologies to ensure product safety, long shelf life, and recyclability.
SIG sells both the systems (so-called fillers) and the packaging material (sleeves and closures) for liquid dairy, non-carbonated soft drinks and liquid foods. In addition to aseptic cartons, SIG has expanded its product offering to include bag-in-box and spouted pouch packaging for liquid food and beverage applications. Revenue is mainly driven by consumption of every day products like milk, juice, water and so on. Customers include Danone, Arla, Friesland-Campina, and Unilever.
SIG Combibloc traces its roots back to 1853, but has been an independent company since it was acquired by Onex Group in 2015. The company is based in Neuhausen Am Rheinfall in Switzerland.
Investment rationale
Providing access to food and beverages poses a challenge in that there is always packaging material needed and that this packaging material is typically disposed of as trash. Moreover, keeping food and beverages fresh either requires a fridge or chemical preservatives. SIG Combibloc offers a solution for both challenges. Its packaging material is recyclable and nearly fully based on renewable resources. SIG's goal is to develop a package that is made 100% renewable materials.
SIG combibloc's packaging is also increasingly becoming an alternative for PET. PET bottles and caps are the 3rd and 4th most collected items of plastic trash on beaches and have a significant negative impact on ecosystems. Finally, SIG's packaging solution can also be considered a contributor to sustainable food & agriculture. This is because it can keep food and beverages fresh without the use preservatives. It can also be argued that by making food and beverages available in packages that don't need to refrigeration, it enables more people to have access to food and beverages. Given the company's presence in developing markets, it indirectly contributes to bringing healthy nutrition to these regions, which is also beneficial for children.
Alignment with Triodos Transitions:
49% of the company's revenues is aligned with the Resource Transition. The contribution to the Resource Transition comes from 49% of revenues related to the impact objective Sustainable Agriculture & Forestry through material being sourced from certified sustainable forests.