πŸ“Š Annual Report β€” Fiscal Year 2024–2025

Sustainability Report

Transparency, accountability, and measurable progress in our journey toward a circular, carbon-neutral future. This report covers all Cup Source operations, supply chain partners, and product lifecycle impact.

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Reporting Period
Jan 2024 – Dec 2024
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Framework
GRI Standards, SASB
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Assurance
Limited assurance by Deloitte
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Scope
Global β€” 14 countries

Our Impact at a Glance

Year-over-year progress across our core sustainability metrics, independently verified and aligned with our 2030 targets.

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62%
Products with recycled content
↑ from 48% in 2023
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-31%
Scope 1 & 2 emissions
vs. 2020 baseline
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89%
Waste diverted from landfill
↑ from 81% in 2023
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-24%
Water intensity reduction
liters per unit produced
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12K
Trees planted this year
via reforestation partners
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47%
Renewable energy usage
↑ from 35% in 2023

A Message from Our CEO

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Sustainability isn't a side initiative at Cup Source β€” it's the core of how we design, source, and deliver every product. This year, we set a new benchmark by making 62% of our product range recyclable or compostable, while reducing our operational carbon footprint by 31% since our 2020 baseline. We know there's more work to do, and we're committed to full transparency along the way.

Our 2030 commitments include reaching 100% recyclable or reusable product lines, achieving net-zero Scope 1 & 2 emissions by 2027, and ensuring every supplier in our chain meets our Environmental Stewardship Standards. Every cup, bowl, and container we produce is an opportunity to choose better β€” for our clients, our planet, and future generations.

James Whitfield
Chief Executive Officer, Cup Source

Responsible Materials Strategy

We source materials from certified, traceable suppliers and prioritize recycled, compostable, and sustainably managed inputs.

Product Material Composition (2024)

Recycled Paper & Cardboard 34%
34%
Virgin FSC-Certified Pulp 24%
24%
Bio-based PLA (Corn Starch) 18%
18%
Recycled PET / rPET 14%
14%
Other (Liners, Adhesives, etc.) 10%
10%

Supply Chain Transparency

Every material in our supply chain is sourced from audited suppliers who meet our Environmental Stewardship Standards. We maintain full traceability from raw material to finished product.

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FSC-certified forestry: 100% of virgin fiber
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94% of suppliers passed third-party ESG audit
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Zero palm oil in any product or adhesive
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All inks are water-based, PFAS-free

Reducing Our Carbon Footprint

We measure, report, and reduce emissions across all three scopes in alignment with the Science Based Targets initiative (SBTi).

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Scope 1 β€” Direct Emissions

On-site combustion from manufacturing facilities, company-owned vehicles, and heating systems.

4,210 tCOβ‚‚e -42%
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Scope 2 β€” Energy Indirect

Purchased electricity, steam, and heating consumed at our operations and warehouses.

3,850 tCOβ‚‚e -35%
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Scope 3 β€” Value Chain

Upstream supplier emissions, product transport, end-of-life processing, and business travel.

18,600 tCOβ‚‚e -12%

Total operational carbon footprint: 26,660 tCOβ‚‚e β€” down 28% from the 2020 baseline.
SBTi validation pending for Q2 2025. All calculations follow the GHG Protocol Corporate Standard.

Closing the Loop

Our circular economy initiatives focus on eliminating waste, enabling recyclability, and designing for end-of-life recovery.

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Recyclable Product Lines

78% of our product catalog is now recyclable in municipal systems. We label every product with clear disposal instructions.

78% ↑ from 64%
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Compostable Range

24 product SKUs are certified industrially compostable (EN 13432 / ASTM D6400), decomposing within 90 days.

24 SKUs +8 new
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Manufacturing Waste Recovery

Production off-cuts and defective items are processed into recycled pulp for secondary product lines.

94% recovery rate

Responsible Water Management

We monitor and reduce water usage across all production sites, with a focus on high-risk watersheds.

Water Usage Metrics

Total freshwater withdrawal in 2024 was 2.4 million cubic meters, a 24% reduction in water intensity compared to our 2020 baseline (liters per unit produced). All discharge water is treated to meet or exceed local regulatory standards.

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2.4M mΒ³ total freshwater withdrawal
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68% of process water is recycled and reused
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100% of wastewater treated on-site before discharge
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3 facilities in high water-stress areas have closed-loop systems

Water Intensity Trend (liters/unit)

2020 (Baseline)1.82 L
1.82 L
20211.64 L
1.64 L
20221.51 L
1.51 L
20231.38 L
1.38 L
20241.38 L
1.38 L

People & Communities

Our commitment extends beyond environmental stewardship to the people who make our products and the communities we serve.

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Safe & Fair Workplaces

Zero lost-time injuries across all manufacturing facilities. All sites comply with ILO Core Conventions and undergo annual audits.

0 LTIs 12th consecutive zero
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Employee Development

100% of employees received sustainability training. 4,200 hours of upskilling invested across operations teams.

4,200 hours ↑ 40% from 2023
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Community Investment

$280K invested in local reforestation, clean water access, and educational programs in supplier communities.

$280K invested ↑ from $190K

Sustainability Milestones

Key achievements that mark our progress toward a more sustainable future.

January 2024

Launched 100% Compostable Cold Cup Line

Introduced our first fully compostable cold cup made from sugarcane bagasse, meeting EN 13432 certification standards.

March 2024

Solar Canopy at Melbourne Warehouse

Completed installation of a 420 kW solar canopy generating 18% of the facility's annual electricity demand.

June 2024

Supplier ESG Code Adopted by 94% of Partners

Majority of our supply chain partners signed and passed audits under our updated Environmental Stewardship Standards.

September 2024

PFAS-Free Commitment Achieved

All paper cup linings and food-contact coatings are now certified PFAS-free across our entire product range.

November 2024

Partnership with TreeSavers for Reforestation

Planted 12,000 trees across 5 countries as part of our carbon offset and biodiversity program.

December 2024

Published 4th Annual Sustainability Report

Achieved limited assurance from Deloitte for all disclosed environmental and social metrics.

Third-Party Validated Standards

Our products and operations are independently certified against globally recognized sustainability and quality standards.

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FSCβ„’ Certified

All virgin fiber sourced from responsibly managed forests. Chain of Custody verified.

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ISO 14001

Environmental Management System certified across all manufacturing facilities.

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ISO 9001

Quality Management System ensuring consistent product quality and customer satisfaction.

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EN 13432

Compostable product lines certified to the European standard for biodegradability and compostability.

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SBTi Committed

Science Based Targets initiative β€” our reduction targets align with 1.5Β°C pathway.

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FDA / LFGB Compliant

All food-contact products meet US FDA and EU LFGB food safety regulations.

Our 2030 Sustainability Goals

Ambitious, measurable targets that will guide our operations, product design, and supply chain decisions for the decade ahead.

Target: 2027

Net-Zero Scope 1 & 2 Emissions

Achieve net-zero operational emissions through renewable energy transition, efficiency upgrades, and verified offsets for residual emissions.

Current Progress 68%
Target: 2028

100% Recyclable or Compostable Products

Every SKU in our catalog will be designed for end-of-life recovery through recycling or industrial composting pathways.

Current Progress 78%
Target: 2030

50% Recycled Content Across All Products

Integrate recycled materials into at least half of all raw materials used, driving demand for circular material markets.

Current Progress 48%
Target: 2026

100% Renewable Energy for All Operations

Power every facility, warehouse, and office with 100% renewable electricity through on-site generation and green tariffs.

Current Progress 47%
Target: 2030

50% Reduction in Scope 3 Emissions

Collaborate with suppliers, logistics partners, and customers to halve value-chain emissions from the 2020 baseline.

Current Progress 24%
Target: 2027

Zero Waste to Landfill β€” All Facilities

Achieve and maintain zero waste-to-landfill certification across all 12 global manufacturing and logistics sites.

Current Progress 89%

Download the Full Report

Access the complete 86-page Sustainability Report 2024–2025, including detailed data tables, methodology notes, and the independent assurance statement.