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2024 SUSTAINABILITY REPORT | 6The Evolving State of Foodservice Packaging1. UNEP 2024 Food Waste Index Report (https://www.unep.org/resources/publication/food-waste-index-report-2024The foodservice packaging industry is at a critical juncture. Heightened regulations and increasing consumer expectations are pushing businesses to reexamine their food packaging choices. Policies like Extended Producer Responsibility (EPR) are establishing new industry standards, requiring companies to prioritize recyclability, incorporate more recycled content, and contribute to waste management infrastructure. At the same time, consumer purchasing decisions are being influenced by the sustainable actions companies are taking.It%u2019s now a balancing act of navigating these changes while ensuring packaging continues to protect food quality, enhance convenience, and minimize waste. Packaging plays a crucial role in creating a sustainable food future.According to the United Nations Environment Programme (UNEP), 19% of food available to consumers globally was wasted at retail, foodservice, and household levels.1 This is especially critical considering that food waste generates 8%%u201310% of global greenhouse gas (GHG) emissions and consumes nearly one-third of agricultural land.1Sabert addresses these challenges with food packaging solutions designed to preserve food, prevent spoilage, and extend shelf life, key factors in combating both food waste and its environmental impacts.Sabert%u2019s multi-substrate product portfolio empowers customers to seamlessly meet both voluntary sustainability goals and evolving regulatory requirements. Ensuring that packaging is recyclable or compostable is critical to reducing waste and advancing a circular economy. Incorporating post-consumer recycled content (PCR) is helping to reduce reliance on virgin materials and keeping valuable materials in use.Driving real progress in sustainable packaging requires clear labeling, infrastructure investment, and consumer education to improve recycling rates and material recovery. Sabert is committed to collaborating across the value chain and with industry and trade associations to advance sustainable packaging solutions that support businesses in meeting regulations while making a meaningful environmental impact.