2021 ESG  
Impact Report

A Word from Our Chairman & CEO
At Ranpak, 2021 was a year of 
investment. We are upgrading 
our technology infrastructure; 
augmenting our artificial 
intelligence, robotics and 
automation expertise; 
renovating and building new 
facilities; and continually adding 
new talent across our organization.  
I am proud of our team’s ability to balance our 
focus on near-term performance with the drive to 
build a foundation for future growth. 
In this context, I am pleased to present Ranpak’s 
2021 ESG Impact Report.  I invite you to read on 
and see the continued progress we have made on 
ESG matters.  While this is our third ESG report, 
it is our first report since announcing long-term 
environmental targets last year.  And it is with 
respect to our progress towards our targets that I 
am especially proud.  Specifically:
	› 100% FSC®-CERTIFIED PRODUCT BY 2030.  In 
2021, 62% of the paper packaging material we sold 
was FSC®-certified, up from only 3% in 2020.   
	› 75% RECYCLED CONTENT (PIW & PCW) BY 
2030. In 2021, 60% of the pulp used to manufacture 
our paper supply was recycled content, up from 
55% in 2020.  
	› 25% POST-CONSUMER WASTE (PCW) BY 2030.  
In 2021, we surpassed this target, with 38% of the 
pulp used to manufacture our paper supply being 
PCW, up from 17% in 2020.  
	› 46% REDUCTION IN GHG EMISSIONS BY 
2030. In 2021, our combined scope 1 and scope 
2 greenhouse gas emissions increased by 
approximately 12% from 2020, but decreased by 2% 
from 2019, the last year unaffected by COVID.    
As these results show, we made tremendous 
progress on our FSC®-Certification and Recycled 
Content targets – and surpassed our Post-
Consumer Waste target.  Substantially all of our 
PCW gains reflect our paper suppliers’ increased 
use of PCW as an ingredient in the paper we 
source, a trend we hope will continue in 2022.  
Nevertheless, our engineering and product 
management teams will continue to work hard 
to qualify additional papers – with more recycled 
and PCW content – for additional packaging 
applications.  
Additionally, we are making investments today that 
will significantly reduce our emissions in the future. 
Our renovation and construction projects in Ohio, 
the Netherlands and Connecticut all incorporate 
design elements that will make them more efficient, 
and therefore, more sustainable.  We have also 
already begun the process of designing solar-power 
generation systems in Ohio and the Netherlands. 
Therefore, although our greenhouse gas emissions 
have remained relatively unchanged from 2019 (with 
a significant dip in 2020 due to COVID), we are 
confident these investments will result in reduced 
greenhouse gas emissions beginning in 2023.
As a result, today, Ranpak is stronger than ever.  
We remain a business of approximately 850 
global employees pushing the use cases and 
effectiveness of sustainable packaging further than 
previously imaginable and wholly committed to 
delivering a better world in everything that we do. 
Omar Asali | Chairman & CEO
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Table of Contents
Overview
2	 Our Mission
4	 Highlights
6	 Innovation
7	 Investment
8	 Renovation & 
Expansion
9	 Climate  
Responsibility
Environment
10	 The Circular Economy
11	 UN Sustainable 
Development Goals
12	 Sourcing
16	 Water
17	 Energy & Emissions
20	Waste Management 
22	Machine Assembly
Social
23	Stakeholders
26	Culture
28	Diversity & Inclusion 
29	Employee Focus
30	Pay & Benefits
31	 Safety
Governance
32	Board
33	Management
34	Ethics
35	Risk Management
Appendix
36	Additional Information 
37	About This Report
38	GRI & SASB Content 
Index
41	 2021 ESG 
Performance 
Summary
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OUR MISSION: To Deliver a Better World ™
Deliver a Better World is 
more than a motto. It is a 
mission. It is a pledge. To 
deliver a better world is 
Ranpak’s commitment to 
the future.
At Ranpak, we deliver a better world by satisfying 
our customers’ needs today with products that 
help alleviate the challenges of tomorrow. We 
deliver a better world by providing effective, 
reliable, innovative, and more sustainable 
packaging solutions that make the increasingly 
connected global marketplace possible. We 
deliver a better world by fostering a diverse 
community of engaged employee-owners who 
are committed to bettering themselves, our 
organization, and the world around us.
AT OUR CORE, WE ARE IN THE BUSINESS 
OF REPLACING SINGLE-USE PLASTIC 
PACKAGING WITH RENEWABLE AND 
BIODEGRADABLE PAPER-BASED PACKAGING 
ALTERNATIVES. 
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Our global footprint 
continues to grow. 
In October 2022, Ranpak will celebrate our 50th 
anniversary. Since the beginning, Ranpak has 
focused on using paper for packaging. For half a 
century, we have proven that effective secondary 
packaging need not contribute to the degradation 
of our environment, but rather can be renewable, 
biodegradable, and curbside recyclable.
WE ARE COMMITTED TO MAKING A TANGIBLE 
DIFFERENCE:
	› By lessening the environmental impact of our 
manufacturing processes and internal activities.
	› By improving the efficiency and sustainability of 
our customers’ operations.
	› By creating a more sustainable supply chain to 
foster a more circular economy for the future.
Today, our business has grown to approximately 
850 employees and our products are used in 52 
countries, spanning 6 continents. In 2021, we are 
in the midst of a transformation that will see us 
continue to mature while remaining true to our 
mission and our roots. 
OUR MISSION: Global Footprint
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HIGHLIGHTS: Sustainability Targets
IN OUR 2020 ESG IMPACT REPORT, RANPAK ANNOUNCED OUR COMMITMENT TO MEETING SEVERAL AMBITIOUS TARGETS BY 2030. A YEAR INTO 
OUR JOURNEY, WE ARE MAKING SIGNIFICANT PROGRESS TOWARDS OUR GOALS. 
OUR GOAL: We commit to reducing absolute scope 1 and 
scope 2 GHG emissions by 46% by 2030.
OUR PROGRESS: Our scope 1 and scope 2 GHG emissions were 5,070 
MTCO2e in 2021, which is down slightly from 5,160 MTCO2e in 2019, 
but an increase from 4,543 MTCO2e in 2020. While not reflected in 
our 2021 results, we have begun making investments that we expect 
will significantly reduce our future emissions. A gut renovation of our 
Concord headquarters will include extensive efficiency enhancements 
and, in 2023, solar power.  We also began construction on a new facility 
to consolidate our operations in the Netherlands, which will incorporate 
numerous efficiency enhancements and solar power. We expect all these 
enhancements to be completed in late 2022 and 2023. 
OUR GOAL: We commit to sourcing an aggregate paper supply 
consisting of at least 75% recycled pulp by 2030.
OUR PROGRESS: In 2021, 60% of the pulp from which our products were 
made was recycled pulp, increasing from 55% in 2020.  Yet still, through 
innovation, we are committed to doing better.  Accordingly, our packaging 
engineers and quality groups are constantly testing new recycled sheets 
with additional recycled content for new applications.
OUR GOAL: We commit to sourcing an aggregate paper supply 
consisting of at least 25% PCW or alternative pulp by 2030.
OUR PROGRESS: In 2021, we surpassed our PCW/alternative pulp target, 
sourcing an aggregate paper supply consisting of 38% PCW or alternative 
pulp, up from 17% in 2020. 
OUR GOAL: We commit to obtaining Forest Stewardship 
Council (FSC®) certification for 100% of our paper packaging 
materials by 2030.
OUR PROGRESS: In 2021, we increased the proportion of our FSC® 
certified paper from 3% in 2020 to 62% in 2021. Beginning in March 2021, 
a substantial majority of our product produced in Europe has been FSC®-
certified.  Our purchasing and quality teams in North America have begun 
the process of obtaining FSC® chain of custody certification for our US 
facilities.  Once that is completed in mid-2022, we will begin to transition 
select products produced in the US to become FSC®-certified. 
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HIGHLIGHTS: Investing in the Future 
2021 SAW RANPAK CONTINUE TO PROGRESS AS AN ORGANIZATION, ACHIEVING CRITICAL 
MILESTONES WHILE CONTINUING TO SET AND PURSUE GOALS FOR THE FUTURE.
LAYING THE 
FOUNDATION.
	› In 2021, we invested in the DIGITAL 
TRANSFORMATION of our technology 
infrastructure, improving the safety of our 
data and the scalability of our business.
	› We invested in talent, hiring 200+ new 
employees in 2021. 
	› We TRIPLED the headcount of our legal and 
compliance teams, building on our governance 
framework and compliance processes. 
CREATING SUSTAINABLE 
GROWTH.
	› 2021 saw key investments in artificial 
intelligence, machine learning, and robotics, 
with the founding of our R SQUARED 
ROBOTICS division and investment in 
PICKLE ROBOT COMPANY. 
	› We made a strategic investment in 
CREAPAPER, a producer of feedstock for 
grasspaper, which will expand our range 
of more sustainable materials for product 
development.
	› We acquired RECYCOLD, a producer of bio-
based, drain-safe cold packs, to augment our 
line of cold chain solutions and enable us 
to offer end-to-end solutions for in-the-box 
cold chain applications. 
BUILDING FOR 
TOMORROW.
	› In 2021, we began a series of BUILDING 
PROJECTS that will define our next 50 years 
and beyond.
	› We commenced the gut renovation of  
our global headquarters in CONCORD 
TOWNSHIP, OHIO.
	› We initiated the design and construction  
of a new research, sales and assembly 
facility in SHELTON, CONNECTICUT, for our 
automation business.
	› We began construction on a new facility in 
THE NETHERLANDS, to house our European 
and Asia-Pacific headquarters and assembly 
operations.  
AS WE APPROACH OUR 50TH ANNIVERSARY IN OCTOBER 2022, WE LOOK BACK ON A 
BUSINESS THAT IS BEING TRANSFORMED AT A RAPID CLIP SINCE GOING PUBLIC IN 2019.
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INNOVATION: Automation, Robotics, & AI
We are focused on building automated 
end-of-line systems that are more 
efficient and harness cutting-edge 
technology as a force for environmental 
good. 
Our automation capabilities help the environment, and our customers, 
by reducing packaging waste and creating efficiencies in operations. 
Right-sized cartons reduce voids and, therefore, reduce our customers’ 
environmental footprint.  
IN 2021, RANPAK’S ROBOTICS DIVISION, R SQUARED ROBOTICS, WAS 
FOUNDED. This has dramatically expanded our capabilities in the fields 
of robotic automation, computer vision, and artificial intelligence. The R 
Squared Robotics team is comprised of award-winning engineers who focus 
on improving on our already impressive lineup of automation solutions.
A STRATEGIC INVESTMENT IN PICKLE ROBOT COMPANY FURTHER 
ADDS TO OUR CAPABILITIES. Pickle Robot has developed a low-cost, 
collaborative package-handling robot that automates several key tasks 
along the e-commerce supply chain. Pickle Robot systems inexpensively 
retrofit into existing operations to increase the processing rate of the entire 
packaging facility.
THE ADDITION OF R SQUARED ROBOTICS AND OUR COLLABORATIVE 
RELATIONSHIP WITH PICKLE ROBOT ARE KEY NEXT STEPS IN THE 
EVOLUTION OF THE AUTOMATED PACKAGING LINE. They allow us to 
leverage the power of smart machines and pair them with environmentally 
friendly packaging materials to create brand-new systems that can meet the 
specific needs of any customer.  
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INVESTMENT: Next-Generation 
Materials & Products 
 
We are investing in innovative materials and products to 
create a suite of more sustainable end-to-end solutions 
that can meet any secondary packaging need.  
IN KEEPING WITH OUR COMMITMENT TO DELIVER THE MOST EFFECTIVE AND ENVIRONMENTALLY 
RESPONSIBLE PRODUCTS POSSIBLE, WE HAVE MADE A STRATEGIC INVESTMENT IN CREAPAPER 
GMBH. Creapaper uses a patented process to produce graspap, a raw material required for producing 
grasspaper, which helps reduce carbon dioxide (CO2) emissions and water consumption across the global 
paper and packaging industry. By integrating grasspaper into our product portfolio, we aim to provide our 
customers with packaging alternatives that fit their needs while reducing the environmental footprint of 
their packaging solutions.
FURTHER BROADENING OUR RANGE OF PRODUCTS, IN DECEMBER 2021 RANPAK ACQUIRED 
RECYCOLD COOL SOLUTIONS BV, MAKERS OF COOL PACKS UTILIZING DRAIN SAFE, PLANT-BASED 
GEL. Recycold products are already sold in 14 European countries and Ranpak will lead further worldwide 
expansion in the future, integrating Recycold’s innovative manufacturing operations into the new Ranpak 
Netherlands facility that is currently in development as well as in North America.
WE WILL CONTINUE TO SEEK OUT NEW OPPORTUNITIES TO EXPAND OUR PRODUCTS, AND 
THE MATERIALS WE USE TO MANUFACTURE THEM, TO PROVIDE SUSTAINABLE AND EFFECTIVE 
SOLUTIONS TO OUR CUSTOMERS.
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RENOVATION & EXPANSION: A Greener 
Foundation for Growth
In 2021, we began three 
separate projects to update 
and construct important 
infrastructure around the 
world. 
A NEW AUTOMATION AND ROBOTICS CENTER 
IN SHELTON, CONNECTICUT. 
Announced in partnership with Governor Ned 
Lamont, this facility, which we expect to be 
complete in late 2022, will house our automation, 
robotics, and AI R&D teams, as well as our North 
American automation manufacturing and assembly 
operations. It will serve as a hub of technological  
innovation and empower Ranpak’s global 
automation operations to cement our leadership in 
next-generation automation for the packing line. 
GUT RENOVATION OF OUR GLOBAL 
HEADQUARTERS IN OHIO.
Ranpak’s global headquarters is being fully 
renovated to support our growth and improve the 
efficiency of the building. Additionally, we have 
accepted an RFP to install solar panels in 2023 
following the completion of the core renovation.
This renovation will enhance the building’s energy 
performance and reduce its carbon footprint. 
A NEW CORPORATE AND MANUFACTURING 
FACILITY TO HOUSE OUR EUROPEAN 
HEADQUARTERS IN THE NETHERLANDS.
Our new European headquarters will feature full 
recycling and waste management capabilities, full 
temperature control, and will use no fossil fuels for 
heating, with solar panels being the primary energy 
source to heat the building. The design qualifies 
for a “very good” ranking according to the Building 
Research Establishment (BRE) Environmental 
Assessment Method (BREEAM®), the world’s 
leading sustainability assessment method for 
master planning projects, infrastructure and 
buildings. 
THE DEVELOPMENT OF THESE THREE KEY 
CONSTRUCTION PROJECTS WILL ADVANCE 
OUR GOAL OF IMPROVING THE ENERGY 
EFFICIENCY AND REDUCING THE GHG 
EMISSIONS OF OUR FACILITIES WHILE 
SETTING THE STAGE FOR GROWTH. 
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CLIMATE RESPONSIBILITY: 
Risks & Opportunities
We are committed to understanding climate-related risks and 
opportunities unique to Ranpak. We plan to integrate these 
considerations into our enterprise risk management and 
planning processes and broader business strategy.
We evaluate climate-related risks and opportunities most important to our company using the recommendations 
of the Financial Stability Board’s Task-Force on Climate-related Financial Disclosures (TCFD) to guide our 
understanding. In early 2022, we engaged a consultancy to help us conduct a TCFD readiness assessment. 
Through this assesment, we have initiated a review of our capacity to respond to the TCFD recommendations, 
including by identifying strengths and gaps in our existing strategy, governance, risk management and metrics and 
targets around climate-related topics. Using this insight, we began to develop a roadmap and list of supporting 
actions to steer our efforts in coming years. THIS WORK WILL HELP ENSURE THAT WE ARE PREPARED WHEN 
UPCOMING REGULATORY REQUIREMENTS ON CLIMATE-RELATED DISCLOSURE ARE ADOPTED AND, 
MORE IMPORTANTLY, HELP US DETERMINE HOW WE CAN DO OUR PART TO FIGHT CLIMATE CHANGE.
LEVERAGING FINDINGS FROM OUR TCFD READINESS ASSESSMENT, WE INTEND TO PREPARE A FIRST 
CDP RESPONSE, which we will augment over time. CDP offers a global platform for companies to disclose their 
environmental impact using climate questionnaires fully aligned with the TCFD recommendations to inform investors, 
customers and other parties. Our initial CDP response will begin to address our ambition to mitigate climate-
related risks and pursue climate-related opportunities unique to Ranpak and identify these risks and opportunities 
in our enterprise risk management planning processes. Metrics and targets, including our scope 1 and scope 2 
GHG emissions reduction target, will also be included to incorporate the steps we have taken thus far to address 
our environmental impact. In 2022, we have begun the process of assessing our scope 3 emissions, in an effort to 
catalogue GHG emissions generated across our value chain so we can ultimately seek to reduce those as well.
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The work we do at Ranpak 
helps to integrate our 
customers’ businesses into 
the circular economy. 
The World Economic Forum reports that 95% of 
the value of plastic packaging material is lost after 
a single use, or $80 billion-$120 billion each year.  
They predict that without action to reduce the 
global production of plastics, by 2050 there will 
be more plastics by weight than fish in the world’s 
oceans1. 
OUR PACKAGING PRODUCTS PROVIDE 
ALTERNATIVES TO SINGLE-USE PLASTICS 
THAT ARE CURBSIDE-RECYCLABLE, 
BIODEGRADE WITHIN WEEKS, AND ARE 
100% MADE FROM RENEWABLE RESOURCES. 
These solutions are easily integrated into existing 
packing areas, and when paired with our advanced 
automation capabilities, allow businesses to 
scale their operations without scaling up plastic 
pollution. Ranpak products have a direct impact 
on making the global supply chain more circular. 
BY PROVIDING PACKAGING MATERIALS THAT 
ARE EASY FOR END CONSUMERS TO RECYCLE 
AT THE CURB, WE HELP KEY INDUSTRIES 
AND E-COMMERCE RETAILERS CONTRIBUTE 
TO THE CREATION OF A MORE CIRCULAR 
ECONOMY. 
THE CIRCULAR ECONOMY: An Agent of Change
1. Word Economic Forum, The New Plastics Economy, January 2016
Ranpak is PROUD TO BE PART 
OF THE SOLUTION to the 
global plastics crisis.
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UN SUSTAINABLE DEVELOPMENT GOALS: 
A Sustainable Future
Ranpak’s corporate values continue to align with the 5 
key UN SDGs highlighted within our 2020 report, selected 
from the 17 sustainable development goals developed by 
the UN in 2015. 
WITH THESE SDGS AS OUR GUIDE, WE STRIVE TO BETTER QUANTIFY THE ENVIRONMENTAL 
IMPACTS OF OUR PRODUCTS. THEIR ICONS APPEAR THROUGHOUT THIS REPORT WHERE THEY 
ALIGN WITH OUR COMMITMENTS, ACTIVITIES, AND DISCLOSURES. 
We regularly conduct multiple lifecycle assessments for our customers using the Compass platform, a  
life-cycle assessment (LCA) analysis tool developed for the packaging industry by Trayak and the 
Sustainable Packaging Coalition.
Additionally, already in 2022, we have begun a series of  
LCA analyses that will be peer-reviewed. This work will give us 
additional data to compare Ranpak’s products to common  
forms of packaging such as plastic films, and further quantify 
the environmental impact of our products in comparison to 
other alternatives. 
OUR COMMITMENT TO SCIENTIFIC LCA ANALYSIS NOT 
ONLY ALLOWS US TO HELP OUR CUSTOMERS REDUCE 
THEIR ENVIRONMENTAL FOOTPRINT, BUT ALSO PROVIDES 
US WITH A ROADMAP FOR FUTURE INNOVATION. 
Promote inclusive and sustainable 
economic growth, employment and 
decent work for all.
Build resilient infrastructure, promote 
sustainable industrialization and 
foster innovation.
Ensure sustainable consumption 
and production patterns.
Sustainably manage forests, combat 
desertification, halt and reverse land 
degradation, halt biodiversity loss.
Revitalize the global partnership for 
sustainable development.
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SOURCING: Paper is a Renewable 
Resource
Our business is built  
on the power of paper,  
a renewable resource. 
As a result, we are able to maintain high levels 
of renewable vs. non-renewable resource 
use. We track our total raw material supply by 
dollars spent on renewable resources vs. non-
renewable resources and are continuously 
looking to identify areas of our operations where 
non-renewable resource use can be eliminated 
and where our current resource use can be 
made more efficient. 
IN 2021, OUR STRATEGIC INVESTMENT IN 
CREAPAPER, A PRODUCER OF GRASS-
BASED FEEDSTOCK FOR PAPER MILLS, 
PROVIDES US WITH ACCESS TO ANOTHER 
SUSTAINABLE MATERIAL THAT CAN BE 
USED TO MAKE PAPER.  
TOTAL RAW MATERIALS SUPPLY
(By dollars spent on raw materials)
We will continue to seek out 
ALTERNATIVE RENEWABLE 
RESOURCES that can be integrated 
into our products and operations.
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FSC® Certification Target:
We commit ourselves to obtaining FSC® 
certification for 100% of our paper packaging 
material by 2030.
SOURCING: Protecting Our Forests
Ranpak’s sourcing strategy is fully 
committed to protecting the natural 
environment.  
The FSC®, or Forest Stewardship Council, is an organization dedicated to 
ensuring that forest products are derived from sustainably managed forests.  
An FSC® certification tells consumers that a product has been sourced from a 
forest managed according to the FSC®’s stringent forestry standards. 
WE HAVE COMMITTED TO OBTAINING FSC® CERTIFICATION FOR 100% 
OF OUR PAPER PACKAGING MATERIAL BY 2030.
Since March 2021, substantially all of Ranpak’s products produced in our 
European facilities have been FSC®-certified. In the first half of 2022, we 
expect to obtain chain-of-custody FSC® certification for our North American 
facilities and plan to transition select products produced in North America to 
be FSC® certified.
AS A RESULT, WE ARE WELL ON OUR WAY TO MEETING OUR 
COMMITMENT.  IN 2021, WE INCREASED THE PROPORTION OF OUR 
TOTAL PRODUCTS PRODUCED FROM 3% IN 2020 TO 62% IN 2021.
0
20%
40%
60%
80%
100%
2019
2%
2020
3%
2021
62%
FSC®-CERTIFIED PRODUCTS
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SOURCING: More Recycled Content
Ranpak is focused on increasing the 
amount of recycled pulp in its paper 
packaging.  
Responsibly scaling our paper supply is one of the core elements of our 
growth. In 2021, Ranpak procured a total of 171,228 metric tons of paper, up 
from 148,097 in 2020. 
At Ranpak, our packaging material consists of paper manufactured from 
virgin pulp, recycled pulp, and blends.  IN 2021, 60% OF THE PULP USED TO 
MANUFACTURE OUR PRODUCTS WAS RECYCLED FIBER, UP FROM 55% 
IN 2020.
PAPER IS NOT ONLY A 100% RENEWABLE RESOURCE—IT IS ALSO 
ONE OF THE MOST RECYCLABLE AND RECYCLED OF ALL PACKAGING 
MATERIALS. Integrating recycled content into our products is a major focus 
for Ranpak, as the more recycled material we can use for our products, the 
less virgin material is required and the more circular our products’ lifecycle 
becomes. 
We are continuously innovating new ways to incorporate recycled materials 
into our products and are working to educate our customers and distributor 
partners on the value of products with higher recycled content in reducing 
their environmental footprints and further integrating their businesses into 
the circular economy. 
Recycled Content Target:
We commit to sourcing an aggregate paper supply 
consisting of at least 75% recycled (PIW & PCW) 
pulp by 2030.
60%
Recycled Fiber
(103,222 Mt)
40%
Virgin Fiber
(68,006 Mt)
2021
55%
Recycled Fiber
(81,683 Mt)
45%
Virgin Fiber
(66,414 Mt)
2020
RAW PAPER SUPPLY
(Total Weight by Metric Tons)
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Post-Industrial vs. 
Post-Consumer 
Waste:
POST-INDUSTRIAL WASTE, or PIW, refers 
to waste generated by a manufacturing 
process.  An example of PIW is the scrap 
paper generated by paper manufacturers 
or converters.  PIW is typically extremely 
uniform in content and, generally, much 
easier to recycle into new products.
POST-CONSUMER WASTE, or PCW, refers 
to waste from finished goods that have 
been used by end consumers.  An example 
of PCW is the cardboard box placed in 
a home or office recycling bin.  PCW is 
typically extremely varied in content, often 
contaminated, and, generally, much more 
difficult to recycle into new products, 
another reason why we are proud to 
incorporate PCW into our paper supply.
SOURCING: Increased Post-Consumer 
Waste Content
Ranpak is pleased to report 
that, in 2021, we surpassed 
our Post-Consumer Waste & 
Alternative Pulp target.  
In our 2020 ESG Impact Report, Ranpak announced 
a corporate target to source an aggregate paper 
supply consisting of at least 25% PCW or alternative 
pulp (i.e., fiber from non-wood sources) by 2030.  
IN 2021, WE SOURCED 38%, OR 65,610 METRIC 
TONS, OF OUR AGGREGATE PAPER SUPPLY 
FROM PCW OR ALTERNATIVE PULP, UP FROM 
17% IN 2020.  
Substantially all of this change results from our paper 
suppliers’ increased use of PCW as an ingredient in 
the paper we source.  While we are extremely proud 
of these results for 2021, we are uncertain as to 
whether this trend will continue in 2022.  
WHETHER OR NOT THIS TREND CONTINUES, WE 
WILL CONTINUE TO SEEK OUT SUPPLIERS AND 
PARTNERS WHO ARE ABLE TO PROVIDE US WITH 
MORE RECYCLED AND ALTERNATIVE PAPER 
MATERIALS.
PAPER COMPOSITION
38%
PIW
45%
Virgin
17%
PCW
22%
PIW
40%
Virgin
38%
PCW
2021
2020
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WATER: Today and Tomorrow
Historically, Ranpak has not considered water a material issue, as our core 
manufacturing processes do not consume water unlike those of many of our peer 
companies within the paper and packaging industry. 
2020 WATER
2021 WATER
0
5,000
10,000
15,000
20,000
25,000
15,701
21,337
TOTAL WATER CONSUMPTION WITHIN 
ORGANIZATION (M3)
In 2021, total water consumption within the 
organization increased from 15,701 m3 in 2020 
to 21,337 m3 in 2021, or approximately 36%. This 
is largely due to organic business growth with 
increased numbers of employees occupying building 
facilities, especially as more workers returned to 
offices as COVID-19 restrictions allowed. 
With our December 2021 acquisition of Recycold, 
however, we anticipate that our use of water will 
increase as the production of Recycold’s drain-
safe gel cool packs utilizes water.  
As we ramp up our production of Recycold cold 
packs in 2022 and beyond, we are committed to 
appropriately managing the effect of our increased 
water consumption.  Additionally, our assessment 
of our locations to analyze water stress levels 
according to World Resources Institutes (WRI) 
Water Risk Atlas tool, Aqueduct, confirms that WE 
DO NOT OPERATE WITHIN AREAS DESIGNATED 
AS “VERY-HIGH” WATER STRESS AND WILL 
CONTINUE TO MONITOR OUR USE OF WATER 
GOING FORWARD.
BASELINE WATER STRESS BY REGION, WRI 
WATER RISK ATLAS AQUEDUCT
Facility
Baseline Water Stress
US
Painesville
Low (<10%)
Kansas City
Low (<10%)
Raleigh
Medium - High (20-40%)
Reno
High (40-80%)
EU
Nýřany
Low - Medium (10-20%)
Heerlen
High (40-80%)
APAC
Singapore
Low (<10%)
Ranpak is proud to report ZERO INCIDENTS OF NON-COMPLIANCE associated 
with water quality permits, standards, or regulations in both 2020 and 2021.
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ENERGY & EMISSIONS: Energy Consumption
Ranpak’s energy consumption 
in 2021 increased by about 
25% in 2021, compared to 2020, 
as travel and construction 
increased and our business 
footprint continued to expand. 
33%
18,472 GJ
44%
20,600 GJ
37%
22,029 GJ
24%
13,728 GJ
28%
12,851 GJ
32%
17,968 GJ
20%
10,945
GJ
18%
8,478
GJ
19%
11,191 GJ
23%
14,501 GJ
10%
4,701 GJ
12%
6,914 GJ
57,646 GJ
46,361 GJ
58,102 GJ
As noted in our 2020 ESG Impact Report, COVID-19 restrictions were responsible for a 
significant dip in emissions and fuel usage as our fleets were largely inactive in 2020. In 
2021, changes in travel restrictions saw our consumption of gasoline and diesel from vehicle 
fleets increase alongside our use of natural gas to heat our US and EU facilities. (APAC 
facilities are fully electric with regards to heating.) Relative to 2020, consumption of gasoline 
increased by 32%, diesel 47%, and natural gas nearly 40%.
ENERGY CONSUMPTION BY ACTIVITY 
(In gigajoules)
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ENERGY & EMISSIONS: 2021 GHG Emissions 
IN OUR 2020 ESG REPORT, RANPAK COMMITTED TO THE REDUCTION 
OF OUR SCOPE 1 AND 2 EMISSIONS BY 46% BY 2030, REFERENCING 
THE GLOBAL REDUCTIONS NECESSARY TO KEEP GLOBAL WARMING 
TO 1.5°C. 
In 2021, with increased travel due to easing COVID-19 regulations and the 
start of several construction projects aimed at improving the environmental 
efficiency of our facilities, our overall emissions increased. However, as a 
part of our journey towards 2030, we laid an important foundation towards 
meeting our goals. Through our investments in green infrastructure, the 
groundwork is being laid to support reductions in emissions generated from 
our buildings over coming years. 
1. 2019 scope 1 emissions were updated in 2020 to reflect the correct energy content for diesel, resulting in a slight increase (2%) in emissions compared to what was reported in Ranpak’s 2019 ESG 
report. Energy consumption and GHG emissions graphics in the 2021 ESG report were updated to reflect this change not reflected in the 2020 ESG report.  2. A revised conversion factor was used in 
2021 for EU diesel to reflect a higher heating value for energy consumed, comparable to US and APAC facilities.  3. Due to the nature of our manufacturing processes, air pollutants, including nitrogen 
oxides (NOx), sulfur oxides (SOx), particulate matter (PM) and other significant air emissions and emissions of ozone-depleting substances (ODS) are not recognized as material for Ranpak. 
2019      2020      2021
2019      2020      2021
2019      2020      2021
Automotive Diesel
Natural Gas
Automotive Gasoline
Location-Based
Scope 1
Scope 2
Market-Based
0
500
1000
1500
2000
2500
3000
2,523
2,691
1090
760
520
1090
GHG EMISSIONS FOR 2019, 2020 AND 2021
In Metric Tons (MT)
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ENERGY & EMISSIONS: Looking Forward
We are writing the 
next chapter in our 
sustainability story by 
revisiting our energy usage.
Looking to the future, we are committed to 
exploring how to continue to establish greener 
infrastructure and energy use, with possible 
options including fleet electrification, as well as 
solar integration of our other manufacturing sites.
	› Once construction is complete in late 2022, 
our new BREEAM® CERTIFIED EUROPEAN 
headquarters in the Netherlands will generate solar 
power on site.
	› We expect that in 2023, our newly renovated global 
headquarters in Ohio will generate SOLAR POWER 
on site. 
	› We are planning for the phased transition of our 
sales vehicle fleet to HYBRID AND ELECTRIC 
VEHICLES.
	› We are engaging an energy management vendor 
to help us maximize our procurement of ENERGY 
FROM RENEWABLE SOURCES.
IN ADDITION, THIS YEAR WE HAVE INITIATED 
A PROJECT TO QUANTIFY OUR SCOPE 3 
EMISSIONS. Scope 3 GHG analysis recognizes 
emissions generated across the value chain that 
supports our business activities. By quantifying 
and disclosing our scope 3 emissions, we aim 
to identify opportunities to support reductions 
wherever possible.  
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APPENDIX

WASTE MANAGEMENT: Creating a  
Culture of Recycling 
Our commitment to sustainable waste 
management underscores our focus on 
sustainable business growth. 
As our operations expand along with our global footprint, our commitment to 
recycling and waste management best-practices remains strong.  
WE HAVE CONTINUED TO MEET THE 96% WASTE RECYCLING 
BENCHMARK SET BY OUR 2019 PERFORMANCE AND HAVE CONTINUED 
TO PRODUCE LESS THAN ONE METRIC TON OF HAZARDOUS WASTE IN 
2021. 
Given the inherent nature of our processes at our paper conversion, automation 
and machine assembly facilities, we do not produce significant volumes of 
hazardous waste. A majority of the waste we generate consists of scrap kraft 
paper resulting from our paper conversion processes, which we recycle through 
our waste vendors.
We continue to monitor our waste streams and seek to explore further 
recycling partnerships with waste vendors to reduce non-recycled waste 
generated in our operations as much as possible.   
While our organic growth and the effect of reduced pandemic-related 
restrictions on our workforce caused our aggregate waste to increase in 
2021, WE ARE PROUD TO REPORT THAT OUR PERCENTAGE OF WASTE 
RECYCLED INCREASED FROM 96% IN 2020 TO 97% IN 2021.
2021 WASTE MANAGEMENT
(Total weight by metric tons)
2021
97%
2020
3%
6,704 metric tons
232 metric tons
4,743 metric tons
185 metric tons
Total: 4,928 metric tons
Total: 6,935 metric tons
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WASTE MANAGEMENT: Chemical Safety
At Ranpak, our products do not contain any harmful 
chemicals, by design.
As a result of our product safety and regulatory compliance screening procedures (which include 
EU REACH, SVHC, and SIN-listed substances), our raw materials do not contain “harmful chemical 
impurities.” Within our facilities, Ranpak paper is physically converted into packaging solutions, without 
the use or introduction of chemical agents. Additionally, the cooling gel in Recycold cool packs consists 
of 100% organic material and does not contain harmful chemicals.  
OUR PRODUCT DESIGN AND TESTING FUNCTIONS DO NOT UTILIZE CHEMICAL AGENTS, NOR 
DOES OUR MECHANICAL TESTING PROCEDURES RELATING TO THE DURABILITY ANY OF OUR 
PRODUCTS.  
Certain machines in our paper conversion and machine assembly processes do require the use of de 
minimis amounts of hazardous substances for cleaning and maintenance purposes. However, we track 
all such substances and collect and dispose of all hazardous waste safely through hazardous waste 
vendors, in full compliance with all applicable regulation.  As a result, Ranpak does not consider chemical 
safety to be a material issue for ESG reporting purposes.
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Building a holistic approach to circularity 
means extending the principles of the 
circular economy to all aspects of our 
business. 
Ranpak’s converters and automation solutions are developed with an 
emphasis on reliability and reuse. Ranpak retains ownership of our machines 
within our customers’ warehouses and production facilities, providing 
the opportunity for our skilled machine assemblers to salvage parts from 
returned machines as new machines are assembled for shipment. In 2020, 
we instituted a machine parts recycling program for our AutoPad systems. 
IN 2021, WE ARE PROUD TO HAVE INCREASED THE SHARE OF PARTS 
RECYCLED FROM THIS PROGRAM BY 29%, LEADING TO ADDITIONAL 
FINANCIAL SAVINGS.
OUR MACHINES ARE DESIGNED FOR EFFICIENCY AND BUILT TO LAST. 
They allow our customers to optimize their performance and avoid wasted 
materials and energy usage. Moreover, features like batch modes can 
streamline the creation of paper pads and allow our customers the flexibility 
to efficiently produce batches of packaging material that are optimized to 
their specific packing configuration needs. 
AUTOMATION TAKES THIS TO THE NEXT LEVEL, with features including 
void detection and automatic box height reduction precisely measuring the 
material needed within a box, then reducing the size it occupies on a pallet 
to save room in transit. This limits travel associated with the transport of 
packages containing our paper products, which further contributes to avoided 
GHG emissions. 
Total number of 
parts reused
2020
2021
4,673
6,033
$72,942
$107,586
Total dollars saved
MACHINE PARTS RECYCLING PROGRAM
MACHINE RELIABILITY
Number of calls/complaints vs. number of machines in the field
MACHINE ASSEMBLY: Increasing 
Reliability & Efficiency
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APPENDIX

STAKEHOLDERS: Hearing Stakeholder Perspectives
Ranpak’s stakeholders include every 
community that has a meaningful interaction 
with our business and our products. 
We regularly communicate with each of our stakeholder groups across several 
channels. We include our local communities and consumers within our network of 
stakeholders as their interactions with our brand and products are a critical part  
of our mission to Deliver a Better World.
Additionally, throughout the year, we interviewed key shareholders to better 
understand their perspective on Ranpak’s ESG progress and strategy, as well as  
the importance of ESG to their general portfolio management.
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STAKEHOLDERS: Giving Back to the Community
In 2021, Ranpak 
strengthened our 
relationships with our 
key stakeholders, and 
aligned more closely with 
organizations that serve 
our communities and our 
environment. 
GIVING BACK TO THE COMMUNITY IS A 
CORE PART OF OUR IDENTITY. Delivering a 
better world starts with the communities that we 
call home. Ranpak’s charitable and fundraising 
activities provide resources for the causes that 
we care about, as well as opportunities for our 
employees to engage and contribute. 
Our activities and partnerships include sponsoring 
and volunteering with VeloSano in support of 
cancer research, as well as an ongoing partnership 
with the Cleveland Clinic Hospital. Our employees 
have the opportunity to participate in College 
Now’s mentorship programs, giving one-on-one 
support to students, as well as Big Brothers Big 
Sisters of America. 
Our charitable giving in 2021 included donations 
to the Ronald McDonald House Charities, to 
local school districts within the greater Cleveland 
areas, as well as to Voedselbank Limburg-Zuid, a 
Netherlands food bank providing food assistance 
to the hungry.
In 2022, Ranpak 
is proud to be 
a member of 
the following 
organizations:
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STAKEHOLDERS: Managing Our Supply Chain
We believe in upholding 
the same ethical 
standards that we apply 
to our own business to 
our supplier relationships. 
Ranpak has defined a fully updated Supplier 
Code of Conduct for 2022. This code of 
conduct formalizes the key principles under 
which Ranpak’s suppliers are required 
to operate. The code defines standards 
including, but not limited to, compliance with 
laws and regulations, ethical behavior, non-
discrimination, anti-bribery and corruption, as 
well as environmental and social responsibility. 
AS A COMPREHENSIVE DOCUMENT, THIS 
CODE WILL ALLOW US TO DEFINE BOTH 
OUR VALUES AND OUR EXPECTATIONS TO 
OUR SUPPLIERS.
We will begin implementing and 
enforcing our SUPPLIER CODE 
 OF CONDUCT through 2022.
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CULTURE: Building a Lasting Culture
In 2021 Ranpak took concrete steps to improve our culture 
and deepen our level of employee engagement.  
In mid-2021, we conducted an All-Employee 
Global Survey aimed at measuring employee job 
satisfaction, training, satisfaction with leadership, 
culture, and other key metrics. Following the 
survey, we conducted a debrief with senior 
leadership and assembled a set of responsive 
action items to be divided and shared among 
regions. Our senior leadership team subsequently 
conducted meetings with all managers to 
obtain feedback and recommendations for the 
implementation of these action items. 
IN AUGUST 2021, RANPAK RETAINED AN 
EXTERNAL CONSULTANCY TO ASSIST A 
DESIGN TEAM OF RANPAK EMPLOYEES tasked 
with establishing concrete actions to promote the 
Ranpak Core Values. The design team represented 
a cross-section of our workforce of various 
levels of seniority and from multiple geographic 
locations.  Importantly, the design team did not 
include any members of our senior leadership 
team. 
Following a series of workshops led by our 
consultant, the design team developed 
recommendations for each core value which were 
then presented to a steering committee comprised 
of senior leadership for implementation on a 
short, medium, and long-term basis. 
As a result of this initiative, we have already taken 
a number of actions, including: 
	› Launching an internal sustainability newsletter 
for all global employees to demonstrate how each 
individual member of the Ranpak team advances 
our corporate goal to Deliver a Better World. 
	› Inaugurating an annual mentorship program, where 
each member of senior leadership is assigned two 
mentees, nominated by their managers or other 
leaders.
Going forward, the roadmap looks towards the 
implementation of additional recommendations 
to prioritize team-led engagement and community 
involvement activities.
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CULTURE: Upholding Our Core Values
AT RANPAK, we are a unified team of dedicated 
individuals who deliver a better world by focusing 
on the following core values in everything we do.
1. ENVIRONMENTAL SUSTAINABILITY:  
Our responsibility to our natural environment 
is unwavering. Our product portfolio has been 
designed to reduce the harmful consequences of 
our globalized economy. By committing to develop 
new products that continue to fill market needs 
with ever more sustainable alternatives, we satisfy 
our obligation to future generations.  
2. DIVERSITY AND INCLUSION:  
Diversity is strength. We aspire to the equitable 
representation of all perspectives across our 
company. Leveraging diversity in our acquisition 
and retention of talented employees, as well as 
embracing the individual value each of us brings to 
our organization, enhances our shared community 
and our corporate performance. 
3. EMPLOYEE ACTUALIZATION:  
We are committed to each other. Continuing 
education, professional training, and opportunities 
for advancement are critical to each of our 
 
personal and professional success. When each of 
us reaches our full potential as an individual, we 
all succeed together.  
4. CUSTOMER CENTRICITY:  
Our customers are vital both to our success and 
to our mission. Helping our customers succeed is 
a top priority. By meeting customer needs quickly 
and satisfactorily, we ensure the continued growth 
of our business.  
5. DATA DRIVEN DECISION-MAKING:  
We are guided by data. Key business decisions 
are based on verified data rather than intuition or 
observation alone. We strive to identify, critically 
analyze, and efficiently share relevant data that 
informs our strategic decision making, aids each 
of us in our individual work, advances innovative 
thinking, and improves the performance of our 
business as a whole. 
6. COMMUNITY ENGAGEMENT:  
We embrace our responsibility to our local 
communities. By contributing to the lives of those 
around us whether through charitable giving, 
volunteering, or otherwise, we strengthen our 
communities and our connection to one another.
7. OWNERSHIP CULTURE:  
Our ownership mentality empowers us. As 
employee-owners, we take responsibility for 
our individual work and pride in our collective 
achievement. We each prosper as individuals 
when we succeed as a team.
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DIVERSITY & INCLUSION: Reflecting the 
World Around Us 
 1- We do not track the race or ethnicity of our personnel located in Europe. Accordingly, race and ethnicity data consist of employees located in 
North America and Asia-Pacific. Additionally, with respect to gender, no Ranpak employees self-reported as non-binary in 2020 or 2021.
WE ASPIRE TO CULTIVATE TEAMS THAT REFLECT THE RACIAL AND 
ETHNIC DIVERSITY OF THE COMMUNITIES IN WHICH OUR FACILITIES 
ARE LOCATED. SINCE OUR 2020 REPORT, WE HAVE INCREASED THE 
DIVERSITY OF OUR BOARD AND OUR EMPLOYEE BASE. We are proud 
to be a company where different perspectives are valued, and in 2021 
continued to provide anti-bias training for our managers and interview 
team participants. In 2021, we have updated our ESG report to include the 
additional demographic of age.
70%
20%
80%
13%
87%
18%
82%
10%
90%
79%
72%
16%
13%
7%
7%
2%
1%
2%
1%
20%
10%
<30 years of age
30 - 50 years of age
>50 years of age
Male
Female
Other
Hispanic
African American
Asian
White (non-hispanic)
47%
52%
14%
54%
32%
GLOBAL DIVERSITY TOTALS1
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APPENDIX

EMPLOYEE FOCUS: Sara Horvath
Sara’s career journey.
I spent the first five years of my legal career at a 
large law firm in Chicago and made the transition to 
in-house work 12 years ago. I love the opportunities 
to be part of the strategic business decisions that 
being in-house provides. I have been fortunate to 
have diverse experiences in various roles which 
have prepared me well for my dual role at Ranpak 
as the leader of both the legal and human resources 
functions.  I WAS ORIGINALLY ATTRACTED TO 
RANPAK BECAUSE OF ITS MISSION, WITH 
SUSTAINABILITY BEING AT THE CORE OF THE 
BUSINESS STRATEGY.  
What sustainability 
means to her. 
To me, sustainability is the idea of planning for the 
future in the best way possible and allowing that 
to drive your actions, behaviors, and decisions.  It 
definitely impacts my work here.  As we build the 
future strategy for our legal and HR functions, I 
always keep in mind what will be best for the future 
of the company.  We try to build structures and 
processes that will make our work easier and more  
efficient, and will provide both predictability and 
flexibility to the business.  
Building a stronger 
framework for governance. 
Although Ranpak is 50 years old this year, we 
are still a fairly young public company.  Given our 
mission, however, we are focused on continuous 
improvement, and it’s no different in the governance 
space.  As Ranpak grows and evolves, we will need 
to grow and evolve our governance posture as well.  
Our board and senior leadership are already hard 
at work implementing a plan to build a more robust 
framework over the next several years that reflects 
the values we share with our stakeholders.
Taking pride in our 
ownership culture. 
I am so happy to be a part of Ranpak.  IT IS 
EXCITING TO BE AT THE CENTER OF A GROWING 
BUSINESS THAT GENUINELY CARES ABOUT ITS 
PEOPLE AND THE PLANET AT THE SAME TIME.  
I appreciate the care and pride that our employees 
have for the company as well.  I’m looking forward to 
seeing what we can do together!
IN 2021, SARA HORVATH BECAME VP, 
GENERAL COUNSEL & SECRETARY 
FOR RANPAK. She is a key member 
of Ranpak’s senior leadership team, 
responsible for our legal, compliance 
and HR functions. Thanks to her work 
today, Ranpak is continuing to develop 
our practices in relation to all of our 
stakeholders and become a stronger 
company as we grow. We are proud to 
share her perspective within this report. 
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AT RANPAK, EVERY EMPLOYEE IS AN 
EMPLOYEE-OWNER.  When we became a public 
company in June 2019, every Ranpak employee 
received an equity grant.  In September 2021, every 
Ranpak employee received an additional equity 
grant. 
Ranpak provides highly competitive benefits, 
including subsidized medical and dental coverage, 
company-paid life insurance, as well as a 401k 
retirement account matching program. Competitive 
compensation packages include annual bonus 
eligibility for all employees based on company 
performance. Personal performance is also 
rewarded with merit-based increases tied to 
employee annual reviews. Ranpak also provides 
job-related training and tuition reimbursement 
for bachelor and post-graduate degrees. In 2021, 
there were 197 European employees covered by 
Competitive Bargaining Agreements.
PAY & BENEFITS: Making All Employees Owners
RANPAK EMPLOYEE TURNOVER 
FOR ALL REGIONS:
2021
18%
2020
17%
What makes an ownership culture? 
OWNERS ARE PROUD of their work, their colleagues’ work, and the collective success of 
their organization. OWNERS ARE ACCOUNTABLE to themselves, to their colleagues and 
to the entire organization. OWNERS ARE RESOURCEFUL, and they constantly seek to 
make their function work better and more efficiently.
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APPENDIX

SAFETY: Ensuring the Safety of Our Team
The safety of our employees is paramount. 
Providing appropriate training and 
personal protective equipment (PPE) is a 
key priority as we scale our operations. 
We continue to implement OSHA and other facility-linked safety 
improvements, including updates to organizational safety policies designed to 
meet and exceed safety standards for our industry. 
In 2021, building upon our responsibility of providing our employees a safe 
place to work, Ranpak continued to model and refine the “Ranpak US Safety 
and Health Program Manual.” Ongoing work in relation to our US and global 
safety updates includes the creation of updated standardized processes 
across our US facilities as well as modular trainings which address each 
specific policy, instilling safety as a core value for employees and aiming to 
improve total recordable incident rate (TRIR) through employee education 
and awareness. Improved alert media and emergency response plans were 
established across all facilities. 
WORK BEGAN IN 2021 ACROSS SEVERAL IMPORTANT INITIATIVES. 
These include engagement with Plant Managers on building transparency for 
recordable injuries/first aids/near misses to develop CAPA (corrective actions 
& preventative actions) that can be shared between our facilities, as well as the 
establishment of Quality Leads at each facility through safety training in order 
to develop a Ranpak safety committee for each facility. This will be a joint effort 
by all facilities, with establishment of our committees planned for 2022.
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
2021
2020
2019
3.40
2.93
2.88
TOTAL REPORTABLE INCIDENTS/200,000 HRS WORKED
Ranpak reported zero fatalities in 2019, 2020 and 2021. 
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BOARD: Leading with Integrity
Our board and committees are aligned around our mission 
to Deliver a Better World. 
This means elevating the circular economy and our place within it to a central focus that informs all 
aspects of our business and strategy. 
Six of Ranpak’s ten directors are “independent” as defined by the New York Stock Exchange listing 
standards. Ranpak’s Chairman and CEO and Vice Chairman and Managing Director—North America, are 
Ranpak employees, although neither receives any cash compensation for their role as Director.
RANPAK’S BOARD HAS THREE STANDING COMMITTEES:
	› Audit Committee
	› Compensation Committee
	› Nominating, Environmental, Social, and Governance Committee 
Each committee is comprised entirely of independent directors. Each of the members of our Audit 
committee also meets the SEC independence requirements for Audit Committee members.
In our 2020 ESG report, Ranpak announced that our Nominating and Governance Committee would be 
renamed the Nominating, Environmental, Social, and Governance Committee in recognition of our updating 
the charter of that committee to include sustainability and social initiatives. This committee has continued 
to lead important work related to our commitment to the circular economy, as well as ethical and inclusive 
business practices. 
IN 2021, WE EXPANDED OUR NOMINATING, ENVIRONMENTAL, SOCIAL, AND GOVERNANCE 
COMMITTEE FROM 3 TO 4 MEMBERS.
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Product 
Management
Management’s commitment to 
sustainability is exemplified 
by the actions of our Product Managers. 
In order to provide the most sustainable 
products possible, they diligently search for 
suppliers that can provide quality recycled 
materials in alignment with our commitment 
to the circular economy. BEYOND PAPER, 
OUR PRODUCT MANAGEMENT TEAM 
DRIVES INNOVATION AT THE CONVERTER 
LEVEL WITH SOLUTIONS THAT REQUIRE 
LESS PAPER like FillPak Trident and PadPak 
Guardian while providing best-in-class 
protection and market leading yields. By 
partnering with our customers, Ranpak has 
effectively expanded into new markets with 
products like PadPak Auto-Coiler, delivering 
sustainable paper packaging solutions 
in industries once reserved for plastic 
packaging.
MANAGEMENT: Committed to Our Mission
Ranpak’s management is 
committed to sustainability.
It is our senior leadership within our various 
departments, led by our Chief Sustainability 
Officer, who provide the initial data that is 
collected and validated for our ESG report. 
Our management teams reflect what is important 
to our business. In 2021, Ranpak welcomed the 
addition of a new Sustainability Manager to our 
European region. In order to continuously improve 
our sustainability performance, we have initiated 
the formation of global and regional sustainability 
teams acting on operational and strategic levels 
and whose scopes are directly linked to reported 
environmental KPIs, closely monitoring their 
performance while searching for improvement 
opportunities. This new hire further adds to our 
internal leadership driving sustainability projects 
through ideation to completion.
Management Structure.
Our Operations, Sales and Marketing functions  
are organized geographically, with a Managing 
Director for the North America, Europe and 
Asia-Pacific regions who reports directly to our 
Chairman & CEO.
Our Finance, HR, Legal, Business Development, 
Innovation and Sustainability functions operate 
company-wide, with the head of each department 
also reporting directly to our Chairman & CEO.
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An essential 
part of creating 
a safe working 
environment  
is creating tools that GIVE 
ALL OF OUR EMPLOYEES 
AN OPPORTUNITY TO  
BE HEARD.
ETHICS: Fostering Accountability
We are committed to the highest level of 
ethical conduct. In 2021, we continued to 
develop our ethics programs across our 
entire organization from the top down. 
Work completed in 2021 included the implementation of monthly training 
for management on ethics, Sarbanes-Oxley compliance (data-secured 
financial reporting), Internal Control Over Financial Reporting (ICFR), 
anticorruption and antibribery, as well as practical training including 
evidence retention. Additionally, in 2021 we hired a Chief of Internal 
Audit, who reports directly to our Audit Committee and is responsible 
for designing and implementing our internal audit function. As part of 
those responsibilities, our Chief of Internal Audit also provides a quarterly 
summary of feedback collected through our independently monitored 
whistleblower, ethics and compliance portal to our Audit Committee.
OUR ENTIRE SENIOR LEADERSHIP PARTICIPATES IN OUR QUARTERLY 
SENIOR LEADERSHIP TEAM MEETINGS, WHERE ETHICS AND VALUES 
ARE INCLUDED ON THE AGENDA AS A STANDING ITEM. In addition, 
Ranpak’s annual ethics pledge is taken by all employees to uphold our core 
values and employee code of conduct as outlined within our employee 
handbook, with participation and compliance tracked by HR.
RANPAK CONTINUES TO MAINTAIN AN INDEPENDENTLY MONITORED 
ETHICS AND COMPLIANCE PORTAL WHICH ALLOWS EMPLOYEES 
TO ANONYMOUSLY VOICE ANY ETHICS, COMPLIANCE, OR OTHER 
CONCERNS. 
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APPENDIX

RISK MANAGEMENT: Strengthening 
Our Resilience 
 
2021 saw a continuation of critical work improving our 
legal, business, and governance infrastructure. 
This includes a significant increase in headcount of our legal and compliance team, robust updates of our 
technology infrastructure and data security protocols, and the continued improvement of our financial 
controls. IN 2022, WE ARE A MORE RESILIENT BUSINESS AND LOOKING FORWARD, WE WILL 
CONTINUE TO IMPLEMENT IMPROVEMENTS TO OUR INFRASTRUCTURE AND RISK MANAGEMENT 
SYSTEMS ACROSS ALL DEPARTMENTS AND LEVELS OF OUR ORGANIZATION. 
Key Updates in 2021 included investment in our digital infrastructure platform, which provides a secure 
cloud-computing environment with which to scale our operations. In addition to this transformational 
technology project, Ranpak has updated our client relationship management software use for commercial 
and sales processes and built out a data analytics and visualization platform to enable Ranpak to quickly 
generate business insights. Overall, the rollout of these software platforms will improve our technology 
infrastructure, security, and tracking and reporting of multiple ESG metrics that are essential to the future 
of our business. 
Finally, in 2022, we plan to onboard a technology platform that will aggregate and internally report many 
of our ESG KPIs on a real time basis. This platform will streamline the collection of ESG-related data and 
enable Ranpak to respond to any changes in our ESG performance more efficiently.  
2021 ESG Impact Report
35
OVERVIEW
ENVIRONMENT
SOCIAL
GOVERNANCE
APPENDIX

We are proud to have EXCEEDED US FEDERAL 
GUIDELINES FOR EMPLOYEE PROTECTIONS and we 
do not cap the illness pay or quarantine pay for our 
employees who are absent due to COVID-19 infections. 
Additional Information  
COVID-19 Update
2021 SAW A CONTINUATION OF THE PROLONGED COVID-19 PANDEMIC, 
AS WELL AS CONTINUED COORDINATED RESPONSE FROM RANPAK’S 
GLOBAL COVID-19 TASK FORCE. First convened in March 2020, our task 
force is comprised of senior managers from North America, Europe, and Asia-
Pacific regions and is responsible for tracking employees who are sick or under 
quarantine and providing regional updates while sourcing solutions for common 
challenges.
Over the past year, our response to the pandemic has included the rollout of 
on-site testing for employees, as well as the provision of additional half-days 
off to accommodate employee testing and vaccination needs. 
Human Resources has rolled out a support and benefits program provided to 
employees who became ill, supporting them through their convalescence. 
To limit the spread and provide a safe working environment, we also 
implemented limits to our office location capacities, and increased spacing 
between our workstations. 
Data Integrity
The data presented in this report has been collected, reviewed, and 
internally validated to ensure completeness and accuracy, representing the 
most current information at the time of publication. 
RANPAK IS COMMITTED TO THE HIGHEST LEVEL OF TRANSPARENCY 
IN OUR REPORTING. To better classify Ranpak’s commitments, 
achievements, and values, we have aligned the content of this report with 
several sets of reporting standards. This report references the 2021 Global 
Reporting Initiative (GRI) Standards as well as the Sustainability Accounting 
Standards Board (SASB) 2018 Containers Packing Standard, 2018 Industrial 
Machinery Goods Standard and 2018 Multiline and Specialty Retailers & 
Distributors Standard.
In this report, Ranpak aligns select GRI and SASB Standards, or parts 
of their content, to report specific information. Ranpak strives to further 
integrate global standards for sustainability reporting into its future ESG 
Impact Report frameworks for improved accuracy, comparability, reliability, 
and transparency.
2021 ESG Impact Report
36
OVERVIEW
ENVIRONMENT
SOCIAL
GOVERNANCE
APPENDIX

About This Report
In 2019, our ESG Steering Committee (the ‘Committee’) worked with an external 
consultancy to identify the most material ESG metrics for our company. The 
ESG metrics set forth at right were presented to the Committee, referencing 
international sustainability reporting frameworks, insights from leading ESG 
rating agencies, the ESG performance of our peers, and trends in ESG-related 
standards and sources. After careful consideration, the Committee identified 
the bolded metrics as being most material to Ranpak and its stakeholders, 
as well as the areas in which Ranpak’s business and day to day operations 
have the greatest impact, whether negative or positive. Last year, we once 
again confirmed the continuing materiality of the ESG criteria the Committee 
had identified the prior year. Also, in connection with the preparation of our 
2020 Impact Report, we committed to ESG targets for Ranpak, including a 
commitment to reduce our scope 1 and 2 greenhouse gas (GHG) emissions, 
source aggregate paper supplies consisting of recycled, post-consumer waste 
and alternative pulp, and obtaining FSC® certification for our paper packaging 
materials, all by 2030.
NOW, FOR OUR 2021 IMPACT REPORT, WE HAVE EXPANDED OUR ESG 
MATERIALITY ASSESSMENT TO INCLUDE A MORE BALANCED ARRAY 
OF STAKEHOLDERS. We sought input from a broader universe of internal and 
external parties, which included employees and investors, as well as members 
of our ESG Steering Committee and Senior Leadership Team.  Updating and 
incorporating feedback from this wider array of stakeholders has helped us 
prioritize the ESG criteria we focus on to ensure that they not only align with our 
ESG targets and inform our ESG reporting, but also reflect our short and long-
term commitment to more sustainable business practices.
SOCIAL
	› Health and safety
	› Diversity and 
inclusion
	› Product quality and safety
	› Employment and labor 
practices 
	› Human rights
	› Community engagement
	› Supply chain management
	› Training and education
GOVERNANCE
	› Corporate 
governance
	› Business ethics
	› Stakeholder engagement
	› Business model resilience & 
risk management
	› Anti-corruption 
	› Tax transparency
ENVIRONMENT
	› Energy management
	› GHG emissions
	› Fiber sourcing
	› Waste and hazardous 
materials management
	› Sustainability partnerships 
and opportunities
	› Biodiversity/ecological 
impacts
	› Water management
	› Air quality
	› Lifecycle management
	› Vulnerability to climate change
2021 ESG Impact Report
37
OVERVIEW
ENVIRONMENT
SOCIAL
GOVERNANCE
APPENDIX

Global Reporting Initiative 
The Global Reporting Initiative (GRI) is the most widely used 
sustainability reporting standard. 
The GRI Standards enable organizations to measure and communicate 
their management approach to environmental, social and governance 
standards for improved transparency and accountability. 
This is the second year Ranpak has chosen to use the GRI Standards 
in its ESG Impact Reporting. 
Sustainability Accounting Standards 
Board
The Sustainability Accounting Standards Board (SASB) is an 
independent non-profit organization that sets standards to guide 
the disclosure of financially material sustainability information by 
companies to their investors. 
Organizations are able to use the SASB Standards to identify, measure 
and manage the subset of ESG topics that most directly align with 
their industry and related stakeholder needs. 
This is the second year Ranpak has chosen to use the GRI Standards 
in its ESG Impact Reporting.
GRI & SASB Content Index
STANDARD
#
DISCLOSURE
LOCATION
GRI 2: General 
Disclosures 2021
2-1
Organizational details
OUR MISSION: Global Footprint, pg. pg. 3
2-2
Entities included in the organization’s 
sustainability reporting
OUR MISSION: Global Footprint, pg. 3
2-3
Reporting period, frequency and contact 
point
About this Report, pg. 37
2-4
Restatements of information
No restatements of information are included 
in this report. Footnotes have been disclosed 
where updates have been included.
2-5
External assurance
This report has been reviewed and approved 
internally by Ranpak’s Executive Management 
team. Content included in the report has not 
been externally assured.
2-6
Activities, value chain and other business 
relationships
OUR MISSION: To Deliver a Better World, pg. 2 
OUR MISSION: Global Footprint, pg. 3 
HIGHLIGHTS: Investing in the Future, pg. 5 
STAKEHOLDERS: Giving Back to the Community, 
pg. 24 
STAKEHOLDERS: Managing Our Supply Chain, 
pg. 25
2-7
Employees
OUR MISSION: Global Footprint, pg. 3
2-8
Workers who are not employees
Workers who are not employees are not included 
in this report.
2-9
Governance structure and composition
BOARD: Leading with integrity, pg. 32 
MANAGEMENT: Committed to Our Mission,  
pg. 33 
DIVERSITY & INCLUSION: Reflecting the World 
Around Us, pg. 28
2-10
Nomination and selection of the highest 
governance body
BOARD: Leading with integrity, pg. 32 
MANAGEMENT: Committed to Our Mission,  
pg. 33
2-11
Chair of the highest governance body
2-12
Role of the highest governance body in 
overseeing the management of impacts
2-13
Delegation of responsibility for managing 
impacts
2-14
Role of the highest governance body in 
sustainability reporting
Governance documents
2-15
Conflicts of interest
ETHICS: Fostering Accountability, pg. 34
2-16
Communication of critical concerns
BOARD: Leading with integrity, pg. 32 
MANAGEMENT: Committed to Our Mission,  
pg. 33
2-17
Collective knowledge of the highest 
governance body
2-18
Evaluation of the performance of the 
highest governance body
Governance documents
2021 ESG Impact Report
38
OVERVIEW
ENVIRONMENT
SOCIAL
GOVERNANCE
APPENDIX

GRI & SASB Content Index
STANDARD
#
DISCLOSURE
LOCATION
GRI 2: General 
Disclosures 2021
2-19
Remuneration policies
Compensation Committee Charter
2-20
Process to determine remuneration
2-21
Annual total compensation ratio
2-22
Statement on sustainable development 
strategy
OUR MISSION: To Deliver a Better World, pg. 2 
RISK MANAGEMENT: Strengthening Our 
Resilience , pg. 35
2-23
Policy commitments
Code of Business Conduct and Ethics
2-24
Embedding policy commitments
2-25
Processes to remediate negative impacts
2-26
Mechanisms for seeking advice and raising 
concerns
ETHICS: Fostering Accountability, pg. 34
2-27
Compliance with laws and regulations
ETHICS: Fostering Accountability, pg. 34 
STAKEHOLDERS: Managing Our Supply Chain, 
pg. 25
2-28
Membership associations
STAKEHOLDERS: Giving Back to the Community, 
pg. 24
2-29
Approach to stakeholder engagement
STAKEHOLDERS: Hearing Stakeholder 
Perspectives, pg. 23
2-30
Collective bargaining agreements
PAY & BENEFITS: Making All Employees Owners, 
pg. 30
GRI 3: Material 
Topics 2021
3-1
Process to determine material topics
About this Report, pg. 37
3-2
List of material topics
About this Report, pg. 37
Environmental: Raw Materials 
STANDARD
#
DISCLOSURE
LOCATION
GRI 3: Material 
Topics 2021
3-3
Management of material topics
SOURCING: Paper is a Renewable Resource,  
pg. 12 
SOURCING: Protecting Our Forests, pg. 13 
SOURCING: More Recycled Content, pg. 14 
SOURCING: Increased Post-Consumer Waste 
Content, pg. 15
GRI: Materials 2016
301-1
Materials used by weight or volume
301-2
Recycled input materials used
SASB- Product 
Lifecycle 
Management
RT-CP-
410a.1
Percentage of raw materials from recycled 
content, renewable sources, and renewable 
and recycled content
SASB- Supply Chain 
Management
RT-CP-
430a.1
Total wood fiber procured, % from certified 
sources
Environmental: Energy 
STANDARD
#
DISCLOSURE
LOCATION
GRI 3: Material 
Topics 2021
3-3
Management of material topics
ENERGY & EMISSIONS: Energy Consumption, 
pg. 17
GRI 302: Energy 2016
302-1
Energy consumption within the 
organization
SASB- Energy 
Management
RT-CP-
130a.1
Total energy consumed, % grid electricity, 
% renewable, total self-generated energy
Environmental: Water & Effluents
STANDARD
#
DISCLOSURE
LOCATION
GRI 3: Material 
Topics 2021
3-3
Management of material topics
WATER: Today & Tomorrow, pg. 16
GRI 303: Water and 
Effluents 2018
303-5
Water consumption
SASB- Water 
Management
RT-CP-
140a.1
Total water withdrawn, total water 
consumed, % of each in regions with High 
or Extremely High Baseline Water Stress
RT-CP-
140a.2
Description of water management risks and 
discussion of strategies and practices to 
mitigate those risks
RT-CP-
140a.3
Number of incidents of non-compliance 
associated with water quality permits, 
standards, and regulations
Environmental: Emissions 
STANDARD
#
DISCLOSURE
LOCATION
GRI 3: Material 
Topics 2021
3-3
Management of material topics
ENERGY & EMISSIONS: 2021 GHG Emissions, 
pg. 18
GRI 305: Emissions 
2016
305-1
Direct (Scope 1) GHG emissions
305-2
Energy indirect (Scope 2) GHG emissions
2021 ESG Impact Report
39
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ENVIRONMENT
SOCIAL
GOVERNANCE
APPENDIX

GRI & SASB Content Index
Environmental: Waste 
STANDARD
#
DISCLOSURE
LOCATION
GRI 3: Material Topics 
2021
3-3
Management of material topics
WASTE MANAGEMENT: Creating a Culture of 
Recycling, pg. 20  
WASTE MANAGEMENT: Chemical Safety, pg. 21
GRI 306: Emissions 
2020
306-3
Waste generated
SASB- Waste 
Management
RT-CP-
150a.1
Amount of hazardous waste generated, 
percentage recycled
Social: Occupational Health & Safety 
STANDARD
#
DISCLOSURE
LOCATION
GRI 3: Material Topics 
2021
403-1
Occupational health and safety management 
system
SAFETY: Ensuring the Safety of Our Team, pg. 31
403-2
Hazard identification, risk assessment, and 
incident investigation
403-3
Occupational health services
403-4
Worker participation, consultation, and 
communication on occupational health and 
safety 
403-5
Worker training on occupational health and 
safety
403-6
Promotion of worker health
403-7
Prevention and mitigation of occupational 
health and safety impacts directly linked by 
business relationships
GRI 403: Occupational 
Health and Safety 2018
403-9
Work-related injuries
SASB- Employee 
Health & Safety
RT-IG-
320a.1
Total recordable incident rate, fatality rate, and 
near miss frequency rate 
Social: Diversity & Equal Opportunity 
STANDARD
#
DISCLOSURE
LOCATION
GRI 3: Material Topics 
2021
3-3
Management of material topics
DIVERSITY & INCLUSION: Reflecting the World 
Around Us, pg. 28
GRI 405: Diversity and 
Equal Opportunity 2016
405-1
Diversity of governance bodies and employees
SASB- Workforce 
Diversity & Inclusion
CG-
MR-
330a.1
Percentage of gender and racial/ethnic group 
representation for management and all other 
employees
  
2021 ESG Impact Report
40
OVERVIEW
ENVIRONMENT
SOCIAL
GOVERNANCE
APPENDIX

2021 ESG Performance Summary
1 Net revenue consists of paper revenue, machine lease revenue and other revenue.	
2 Total wood fiber procured in 2019 was revised in 2020 to reflect changes in blended and virgin fiber amounts purchased.	
3 Dollars spent on renewable raw materials as a percentage of dollars spent on all raw materials.	
4 Includes all certified virgin and recycled fiber purchased.	
5 Total employees includes board, management and other employees globally.	
6 Race and ethnicity data consists of employees located in North America and Asia-Pacific only.  Age group data not collected prior to 2021.  	
7 Total recordable incident rate (TRIR) calculated as the total number of injuries/illnesses, times 200,000 hours, divided by total number of hours 
worked.	
8 Machine reliability complaint rate calculated as the number of customer calls/complaints, divided by the total number of machines in the field.	
9 Parts reused in machine assembly data and total dollars saved from part reuse were not collected for 2019.	
UNIT
2021
2020
2019
UNIT
2021
2020
2019
OVERVIEW
Net Revenue 1
USD (millions)
$383.9
$298.2
$163.1
Paper Procured 2
Metric Tons
171,228
148,097
123,129
ENVIRONMENT
Energy Consumption - Scope 1 & 2
Gigajoules
58,101
46,631
57,646
Direct energy consumption - Scope 1 
36,072
26,030
39,174
Natural gas
17,968
12,851
13,728
Gasoline
11,191
8,478
10,945
Diesel
6,914
4,701
14,501
Indirect energy consumption - Scope 2 
(Electricity) 
22,029
20,600
18,472
GHG Emissions - Scope 1 & 2  
(Market-Based)
Metric Tons      
CO2e
5,070
4,543
5,160
Scope 1
2,379
1,598
2,539
Scope 2 - market-based
2,691
2,945
2,621
Scope 2 - location-based
2,523
2,747
2,504
Renewable Resources 3 
%
81%
80%
81%
Paper Procured 2 
Metric Tons
171,228
148,097
123,129
Virgin fiber
68,006 (40%)
67,336 (46%)
58,347 (47%)
Recycled fiber - PCW & PIW
103,222 (60%)
80,760 (55%)
64,782 (53%)
PCW & alternative pulp fiber 
65,610 (38%)
25,014 (17%)
n/a
FSC-certified fiber 4
Metric Tons
105,476 (62%)
 4,591 (3%)
 2,216 (2%)
Waste Generated
Metric Tons
6,935
4,928
3,852
Non-recycled waste
232
185
158
Recycled waste 
6,704 (97%)
4,743 (96%)
3,693 (96%)
Water Consumed
Cubic Meters
21,337
15,701
-
SOCIAL
Total Employees 5
#
776
654
604
Male
641 (83%)
551 (84%)
509 (84%)
Female
135 (17%)
103 (16%)
95 (16%)
Board of Directors 6
#
10
10
9
Male
8 (80%)
8 (80%)
8 (89%)
Female
2 (20%)
2 (20%)
1 (11%)
Asian
%
10%
10%
11%
Black/African American
20%
20%
11%
American Indian/Alaska Native
0%
0%
0%
Hispanic/Latino
0%
0%
0%
White (non-hispanic)
70%
70%
78%
Other
0%
0%
0%
Managers 6
#
95
82
77
Male
83 (87%)
74 (90%)
69 (90%)
Female
12
8
8
Asian
%
16%
20%
23%
Black/African American
1%
2%
2%
American Indian/Alaska Native
0%
0%
0%
Hispanic/Latino
2%
2%
2%
White (non-hispanic)
79%
73%
70%
Other
2%
2%
2%
Other Employees 6
#
674
562
518
Male
552 (82%)
469 (83%)
432 (83%)
Female
122 (18%)
93 (17%)
86 (17%)
Asian
%
13%
8%
8%
Black/African American
7%
9%
10%
American Indian/Alaska Native
0%
0%
0%
Hispanic/Latino
7%
7%
8%
White (non-hispanic)
72%
74%
73%
Other
1%
1%
1%
Employee Turnover
%
18%
17%
18%
Health & Safety - Total Recordable Incidents
#
22
17
17
Total Recordable Incident Rate 7
TRIR 
3.40
2.93
2.88
Machine Reliability 8
Complaint 
Rate
0.0017
0.002
0.0021
Parts Reused in Machine Assembly 9
#
6,033
4,673
-
Dollars saved from part reuse 9
USD 
(thousands)
$107.6
$72.9
-

FOUNDED IN 1972, RANPAK’S GOAL WAS TO CREATE THE FIRST 
ENVIRONMENTALLY RESPONSIBLE SYSTEM TO PROTECT PRODUCTS 
DURING SHIPMENT. The development and improvement of materials, 
systems and total solution concepts have earned Ranpak a reputation as an 
innovative leader in e-commerce and industrial supply chain solutions. 
Ranpak is a global organization of approximately 850 employees that is 
headquartered in Concord Township, Ohio.
Ranpak is listed on the New York Stock Exchange under the symbol ‘PACK.’
The Sustainability Accounting Standards Board, or SASB, is an independent organization that establishes industry-
specific disclosure standards across environmental, social, and governance topics that facilitate communication between 
companies and investors.
The Global Reporting Initiative, or GRI, standards are the first global standards for sustainability reporting and seek to 
represent the global best practice for reporting on a range of economic, environmental and social impacts. 
All statements other than statements of historical fact included in this report, including those regarding our business 
strategy and the plans and objectives of management for future operations, are forward looking statements. Such forward-
looking statements are based on the beliefs of management, as well as assumptions made by, and information currently 
available to, management. No assurance can be given that results in any forward-looking statement will be achieved. 
Actual results are subject to risk and uncertainty, could differ materially from those contemplated by such forward-looking 
statements, and could be affected by one or more factors, including, but not limited to, those detailed in our filings with 
the U.S. Securities and Exchange Commission. The cautionary statements made in this report should be read as being 
applicable to all forward-looking statements whenever they appear in this ESG Impact Report. For these statements, 
we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation 
Reform Act. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf 
are qualified in their entirety by this paragraph. Ranpak disclaims any obligation to update any forward-looking statement 
contained in this ESG Impact Report.
Ranpak.com
© 2022 Ranpak. All Rights Reserved.