Presentation Packaging (Hard/Rigid)

Descriptions

OverviewThe Royal Mint (TRM) have committed to become Net Zero by 2050, as validated by the Science Based Target initiative (SBTi). Purchased goods and services, which includes presentation packaging, falls within our Scope 3 calculation which accounts for xxxx% of the total emissions omitted by TRM.Our current presentation packaging range comprises predominantly of walnut wood veneer cases which include wood base blocks/pads that house the coinage. Supplementary componentry, along with variations in layout and design, have resulted in 287 unique item codes being actively procured in the past 3 years alone.Whilst this form of packaging has undoubtedly served its purpose and offered a premium experience to our customers for a number of years, we have confidence that through advancements in technology, along with a greater global awareness of everyone’s responsibilities to reduce their respective carbon footprint, this is an opportune time to seek solutions that will enable us to achieve our sustainable packaging ambitions listed below:#1 Positive contribution to Net Zero•The Royal Mint has committed to become Net Zero by 2050, as validated by the Science Based Target initiative (SBTi)•Purchased goods and services including product and transit packaging sits in our Scope 3 emissions.•Knowing the greenhouse gas (CO2e) emissions associated with individual packaging items is increasingly critical to our net zero strategy.#2 Reduction in Range including Modularity•We would like to introduce modularity into our packaging ranges – so that a smaller number of packaging options can cater to a higher number of product propositions.•The aim being that this will help reduce product roadmap complexity but also wastage arising from overordering different packaging options.•This modularity could apply to the packaging shape, size, colour, etc and would have a neutral or positive impact on the customer experience.#3 Use of less and/or alternate Materials•The Royal Mint is interested in understanding if less materials can be used in an existing packaging solution.•Additionally, we want to utilise more sustainable materials in our packaging solutions. (e.g.: natural, lower carbon, recycled).•While some of our packaging is already recyclable – and some packaging is inherent to the product proposition, we are also interested in the feasibility of customers reusing or recycling individual packaging items.#4 Showcase Ambitions & Innovations•We have started trialling on-pack messaging to highlight specific product innovations and wider sustainability ambitions at The Royal Mint however we would be interested in options to further incorporate these mar-comms opportunities into our packaging solutions (without comprising ambition #2)Next StepsWith the above in mind, The Royal Mint has issued this prior information notice to raise awareness of our intentions to approach the market in what will be undoubtedly be a thorough and comprehensive tender process. We will now enter a phase of exploratory work, undertaking market research that will enable The Royal Mint to formulate a tender that we intend to release to the market in Quarter 1 of 2024.