Better Health for All
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Avery Dennison has no reported revenue from products with negative health outcomes. Their products, including RFID solutions, medical tapes, films, and adhesives, are used in healthcare supply chains, patient safety, medical wearables for diabetes management
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, remote monitoring
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, drug delivery
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, and cold chain logistics for pharmaceuticals
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. By 2022, the company achieved 93% waste diversion from landfills
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, with a goal of 95% by 2030
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. Avery Dennison also focuses on reducing healthcare waste
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, CO₂ emissions
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, and water usage
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through sustainable packaging solutions, which reduces environmental impacts on public health
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. The Avery Dennison Foundation supports organizations providing healthcare and mental health resources to marginalized communities
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, such as India's Connecting Dreams Foundation's LGBTQ+ Center
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. During the COVID-19 pandemic, the company donated 500,000 disposable face shields
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and partnered to produce NIOSH-certified N95 masks
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. Additionally, the 'Mission: Possible' program promotes employee health and well-being, including stress reduction, for U.S.-based employees
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.
Fair Money & Economic Opportunity
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Avery Dennison Corporation is a materials science and manufacturing company and does not offer lending or deposit services to consumers. Consequently, most KPIs related to direct financial services, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcome, debt burden ratio, geographic inclusion, and product simplicity, are not applicable to its core business. The company, through its Foundation and CSR initiatives, supports economic opportunity and inclusion. In 2023, corporate and foundation contributions totaled $5.5 million, and over $4.9 million in 2024, supporting causes like secure livelihoods and economic opportunities for marginalized populations in over 40 countries.
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Skill development initiatives in India impacted over 10,500 lives directly and over 15,000 indirectly, uplifting economically underprivileged children, women, and the transgender community.
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Community centers bridge access to learning resources in rural areas.
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While the company organizes financial literacy sessions and mentorship programs, specific quantitative reach or outcomes for these initiatives are not provided, leading to their omission from scoring. The percentage of pre-tax profit reinvested in community finance cannot be calculated from the available data.
Fair Pay & Worker Respect
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Avery Dennison reported a Recordable Incident Rate (RIR) of 0.22 in 2023, which is significantly below the Occupational Safety and Health Administration manufacturing RIR of 3.5.
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In 2024, the CEO's total compensation was $9,853,372, while the median employee's total compensation was $17,126, resulting in a pay ratio of approximately 575 to 1.
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Fair Trade & Ethical Sourcing
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In 2024, 95% of Avery Dennison's paper sourcing was Forest Stewardship Council (FSC) certified
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, and 82% of aluminum procured was from sources certified by the Aluminum Stewardship Initiative or an equivalent standard.
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The company conducts annual social, environmental, and ethical performance assessments for 82% of its direct Materials Group spend suppliers through EcoVadis.
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In 2024, 887 social compliance assessments were completed, including 412 at tier 1 facilities and 475 at outsourced supplier facilities.
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, with 97% of these audits conducted by external auditors.
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Honest & Fair Business
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Avery Dennison maintains a comprehensive Code of Conduct, translated into over 30 languages, which applies to all directors, officers, and employees.
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This Code includes detailed information on ethical risks and case studies, with leaders affirming their commitment annually.
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The company provides regular training, including biannual sessions and annual online courses that cover specific risks using a targeted risk-based approach.
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In 2022, these online courses achieved an average completion rate of approximately 98%.
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Avery Dennison also operates a whistleblower hotline and enforces a no-retaliation policy for good-faith reporting.
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Kind to Animals
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Avery Dennison states it does not conduct any animal testing on Avery products, implying zero animals are used in testing.
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The company introduced a new vegan label range, certified by EVE VEGAN®, which was created without animal testing
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and contains no animal-derived components.
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Avery Dennison collaborates with EVE VEGAN® to validate vegan compliance projects.
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Additionally, the company introduced SkyWay™ Bird Film in October 2024, designed to reduce bird window collisions and conserve wildlife
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, which is recommended by the American Bird Conservancy.
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In 2014, the Avery Dennison Foundation awarded a $200,000 grant to the Rainforest Alliance to promote sustainable forestry in Honduras's Río Plátano Biosphere Reserve across approximately 80,000 hectares.
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No War, No Weapons
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Avery Dennison's core business does not involve producing or supplying weapons, arms components, or other military goods, indicating zero exposure to controversial weapons and no defense assets to divest.
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However, the company provides customized metallized laminates for military and defense applications
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and an RFID Military Compliance Solution for the U.S. Department of Defense,
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indicating minor defense-adjacent services. The company's Code of Conduct states alignment with the UN Guiding Principles on Business and Human Rights,
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with oversight by the Ethics & Compliance Officer and the Board's Governance Committee.
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For fiscal year 2024, 63% of reported smelters in the company's supply chain were identified as "Conformant" through due diligence procedures,
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though the origin of a subset of components from conflict-affected countries could not be fully determined.
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Planet-Friendly Business
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Avery Dennison's Scope 1, 2, and 3 GHG emission reduction targets are approved by SBTi, with Scope 1 and 2 targets consistent with a 1.5°C pathway.
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The company achieved a 54% reduction in Scope 1 and 2 GHG emissions by 2024 from a 2015 baseline, exceeding its 2025 goal of 26% reduction by 2020.
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In 2024, 29% of operational energy was sourced from renewables, including a U.S. wind virtual power purchase agreement (vPPA) providing 109,022 MWh and solar panel installations.
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The company diverted 94% of solid waste from landfills in 2024 and recycled 68% of waste.
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Avery Dennison has a Responsible Paper Procurement Policy with a 2030 goal to source 100% of paper fiber from certified, deforestation-free sources; in 2024, 97% of paper fiber was sourced from certified sources, supported by annual third-party audits.
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In 2024, there were 2 incidents of non-compliance with water quality permits.
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In 2023, an assessment aligned with TCFD recommendations was conducted, integrating climate-related risks and including comprehensive climate scenario analysis assessing physical risks through 2100 and transition risks through 2050.
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In 2024, 42% of water withdrawal was from regions with High or Extremely High Baseline Water Stress.
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The Avery Dennison Foundation's Spark Fund provided grants of $10,000 to $15,000 for climate programs addressing climate justice in local communities in Southeast Asia.
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The RFID manufacturing and innovation center in Querétaro, Mexico, received LEED Gold accreditation.
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62% of Materials Group purchases are from recycled and/or renewable source materials.
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Respect for Cultures & Communities
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Avery Dennison has engaged in at least three formal partnerships with community groups. In 2024, the Thailand team partnered with a rural school to enhance facilities and provide educational support.
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The Voz Latina Employee Resource Group partnered with HOLA Inc. to open a community center in Painesville, Ohio, addressing literacy gaps and reducing chronic absenteeism among Hispanic children.
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In 2014, the company awarded a $200,000 grant to the Rainforest Alliance to promote sustainable forestry in Honduras, supporting local communities and preserving cultural heritage.
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Additionally, in 2024, the Avery Dennison Foundation contributed over $4.9 million through more than 130 grants in over 40 countries, supporting education access, environmental sustainability, and secure livelihoods.
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Safe & Smart Tech
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Avery Dennison demonstrates a strong commitment to cybersecurity and data privacy, with no documented data breaches. The company was rated by GlobalData as the best-performing packaging company in the cybersecurity theme.
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Its security framework incorporates Zero Trust principles, robust global policies, and an incident response program.
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The company maintains SOC 2 security certifications.
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Avery Dennison requires Multifactor Authentication (MFA) for all users
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and has adopted fingerprint, facial, and biometric recognition technologies that have eliminated the need for passwords for workplace applications.
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It implements continuous monitoring, identification, classification, and remediation of vulnerabilities, partnering with Wiz for multi-cloud environment security.
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Digital products and platforms undergo rigorous independent audits.
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The DataSafe initiative, launched in 2019,
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is an enterprise-wide effort that trains all employees in data protection, requiring them to classify files at creation.
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This initiative, along with Data Privacy Impact Assessments for new projects and products,
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aligns with privacy-by-design principles and aims to prevent unauthorized data use.
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The company adheres to data minimization principles, collecting only necessary data
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and deleting or anonymizing it when no longer needed.
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It demonstrates very strong regulatory compliance, including GDPR,
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with a 72-hour breach notification policy
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and the use of Standard Contractual Clauses,
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while working towards Binding Corporate Rules.
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Users are afforded excellent data control options, including rights to access, rectify, erase, restrict processing, data portability, and opt-out of sales,
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with responses provided within regulatory timeframes.
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Zero Waste & Sustainable Products
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Avery Dennison diverted 94% of its solid waste from landfills in 2024.
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The company has set ambitious waste reduction targets, including diverting 95% of waste from landfills and recycling a minimum of 80% of waste by 2030.
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Other targets include eliminating 70% of external waste from the value chain by 2025
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and ensuring 100% of standard label products contain recycled or renewable content by 2030.
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Avery Dennison implements numerous waste reduction initiatives, such as the AD Circular program, which recycled approximately 2,628 tons of label waste.
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Other initiatives include linerless label solutions, partnerships for textile recycling with TEXAID and Circ, the Albert Yarn program which repurposes textile waste, and the Re-Think Packaging and Sustainable ADvantage portfolios. The AD Circular program also provides customers with carbon saving certificates for recycled liners and matrix. In 2024, the company reported two incidents of non-compliance associated with water quality permits, standards, and regulations.
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