Overall Net-Zero Target: Hinojosa Packaging Group S.L commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets: Hinojosa Packaging Group commits to reduce absolute scope 1 and 2 GHG emissions 60% by 2030 from a 2020 base year.* Hinojosa Packaging Group also commits to increase active annual sourcing of renewable electricity from 49.85% in 2020 to 100% by 2030. Hinojosa Packaging Group further commits that 80% of its suppliers by emissions covering purchased goods and services will have science-based targets by 2028. Hinojosa Packaging Group finally commits to reduce absolute scope 3 GHG emissions from fuel- and energy-related activities, upstream transportation and distribution, business travel, and employee commuting 42% by 2030 from a 2020 base year.* *The target boundary includes land-related emissions and removals from bioenergy feedstocks." Long-Term Targets: Hinojosa Packaging Group commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2020 base year.* Hinojosa Packaging Group also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, fuel- and energy-related activities, upstream transportation and distribution, business travel, employee commuting, and end-of-life treatment of sold products 90% within the same timeframe.* *The target boundary includes land-related emissions and removals from bioenergy feedstocks.