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2024 SUSTAINABILITY REPORT | 1 2Research & DevelopmentSabert%u2019s innovative mindset helps us develop products that protect both food quality and environmental resources. Our cross-functional product development teams bring together material scientists, engineers, and industrial designers to solve packaging challenges from every angle. Our Centers for Innovation work to advance both product and process development, seeking new and inventive ways to use paper, pulp, and plastic that enable customers to meet sustainability goals without sacrificing performance. Through our groundbreaking work, Sabert continues to disrupt the industry by creating new food packaging solutions that drive toward a more sustainable future while simultaneously reimagining our existing solutions. In 2024, the product development teams achieved progress in these areas:%u2022 Reimagining Recycling: The Centers for Innovation advanced the use of both food grade and non-food grade PCR resin. They supported the launch of new Sabert products using PCR content by enhancing material handling and production processes.%u2022 A major milestone was the activation and commercialization of Nuvida%u2019s proprietary recycling technology for post-consumer plastic bottle labels, a material typically unrecycled. The result: high-quality PCR resin ready for market use and diverted from landfill.%u2022 Design-Driven Innovation in Molded Fiber Pulp: Product design excellence results from a harmonious blend of sustainability, performance, and aesthetics. Our Product Design and Centers for Innovation teams collaborated to enrich our supply of sustainable molded fiber pulp. The new design approach optimizes U.S. manufacturing and delivers better product functionality for food processor customers. %u2022 Enhanced Paper Packaging Infrastructure: Investments in new print and production processes at our Richmond, Virgina facility have expanded our capabilities in sustainable paper packaging, supporting our strategy for localized, lower-impact production and strengthening our sustainability profile. Sabert%u2019s Advanced Technology Center and labs accelerate sustainable innovation from concepts to market-ready solutions. With the latest technology and state-of-the-art manufacturing facilities, we can quickly respond to evolving sustainability demands with precision and efficiency. With capabilities in rapid prototyping, small-run production, and performance testing, we continue to deliver forward-thinking solutions that align with our customers%u2019 sustainability goals.DeploymentInnovating with Purpose: Advancing Our Sustainable Product PortfolioIn 2024, our global teams launched an impressive 333 new products, with 76% categorized as sustainable through recyclability, compostability, and use of recycled or renewable content.Beyond introducing new-to-market solutions, we strengthened our core portfolio through thoughtful redesigns and process enhancements that maximize resource utilization, improve recyclability, and streamline production. Our commitment to industry leadership is further underscored by our continued reinvestment into our business at a rate above the industry average, supporting both sustainable development initiatives and long-term value creation.Our core value of continuous improvement encourages us to reimagine food packaging through smarter design and more responsible sourcing. Whether refining existing SKUs or scaling new sustainable materials, we remain focused on providing food packaging solutions that help our customers meet increasing environmental expectations while keeping pace with market demands.Highlights from our 2024 product releases include:%u2022 Global expansion of recyclable and compostable paper solutionsfor grab-and-go, takeout, and grocery%u2022 Expanded molded fiber pulp portfolio featuring new products in previously untapped categories and enhanced performance across select SKUs%u2014achieved without reliance on intentionally added per- and polyfluoroalkyl substances (PFAS)%u2022 Breakthrough in polypropylene (PP) packaging with a recyclingcompliant, non-black curated color that meets consumer demand for opaque packaging%u2022 Increased use of PCR resin, reducing reliance on virgin plastics and supporting a circular economy%u2022 New innovative catering packaging solutions made from recyclable polyethylene terephthalate (PET) resin%u2022 Strategic material shift from polystyrene (PS) to PP to improve recyclability across key product lines