The latest sustainability report from a leading European pallet pooling specialist reveals a collective saving of more than 40,000 tonnes of CO₂ emissions - the equivalent of 177 million miles of driving.
IPP, which has its UK base in Coventry and specialises in providing reusable wooden pallets for major manufacturers and FMCG brands, is part of Faber Group, which has published its third annual sustainability report.
IPP operates a closed pallet pooling network throughout Europe and its pallets – known as load carriers – are built using FSC/PEFC certified timber and maintained to optimise their lifespan.
Faber Group supported 131 million load carrier movements across Europe in 2024 – a substantial increase of 11 per cent, or 13 million movements compared to 2023 – all while successfully reducing overall carbon emissions.
The companies have implemented an Environmental, Social and Governance (ESG) strategy with three clear sustainable development goals to help them achieve an ambitious target of becoming net zero by 2045.
The three key areas it is working on to improve sustainability include responsible production and consumption, climate action and partnerships.
Priority actions include reducing transport emissions via its pallets, reducing the footprint of its logistics operations by 30 per cent by 2030 and maximising the lifespan of its pallets to reduce production and consumption.
IPP has already made substantial progress to reduce emissions from its logistics operations by becoming the first company to achieve a European two-star Lean and Green rating.
The Sustainability Report 2024 demonstrates that its circular economy business model is driving real change and real benefits for the environment.
Andy Maddock, regional managing director for IPP UK&I, said: “The third edition of Faber Group's Sustainability Report shows the further integration of our ESG pillars across the business and how they are delivering sustainable value for IPP and our customers.
“We are proud of our collective progress in reducing our carbon emissions while working towards our goal of net zero.
“Collaboration, digitalisation and sustainable procurement will continue to be key drivers in enabling us to realise our ambition and deliver change with real impact.”
Ingrid Faber, CEO of Faber Group, said: “In 2024, we were able to help our customers avoid more than 40,000 tons of CO₂ emissions through our circular pooling model, a steady increase of more than eight per cent of saved emissions in comparison to 2023.
“We also retained our EcoVadis Platinum rating, placing Faber Group in the top one per cent of its industry for the fourth consecutive year.
“The launch of our tech division Faber LABS and investments in digitalisation further strengthen the company’s ambition to become Europe’s most sustainable pooler.”
IPP has a wealth of eco credentials, including a platinum Ecovadis sustainability rating, a Lean and Green two-star European rating and is a signatory to the United Nations Global Compact – a voluntary initiative to implement universal sustainability principles.
Read IPP’s sustainability strategy and learn how the Sustainability Report 2024 was compiled.