A more beautiful world

is up to us

Annual Report2007

— I would qualify 2007 as a turning point and ayear that was especially rich for the householdwaste packaging segment. This exceptional yearprompted the segment's various stakeholdersto rethink the way they operate. At the political level, the year can be brokendown into “before and after” France's large-scaleforum of policy-makers and stakeholders knownas the Grenelle conferences. In this unprece-dented mobilization, businesses, trade unions,elected officials, associations, government author-ities and the nation's citizens rallied to a com-mon cause: the preservation of our planet. Todaythis challenge has universal implications, whichcan only accelerate the efforts undertaken byEco-Emballages and its partners since 1992. Itmust be remembered that waste sorting epito-mizes participative local democracy, for thedecentralization of government has not only givencitizens-residents-sorters a role to play, but alsomade them stakeholders whose ideas and opin-ions truly matter.

Businesses also fully assumed their role asstakeholders in 2007, now that even those at thevery top of the corporate ladder are convinced

Eco-Emballages02 ●

A message from the President /

“The environment must be a catalyst for innovationto encourage better design, sorting, recycling and greaterawareness”.

Éric Guillon President of Eco-Emballages

that sustainable development is simultaneouslyan imperative and a key to success. The environ-mental dimension must be built into every phaseof the product life cycle – a challenge that callsfor the commitment of the entire workforce,across organizational boundaries. Where do envi-ronmental preservation, economic growth andcreativity converge? How can new products andnew packaging systems be conceived in keepingwith the promotion of more sustainable con-sumption patterns? These are some of the equa-tions that industry and marketers are now tryingto solve, with the support and resources of Eco-Emballages.

This shared responsibility is eloquently illustrat-ed by the waste minimization and recycling planthat Eco-Emballages and the leading consumerproducts manufacturers have defined togetherunder the aegis of ILEC1 and ANIA2. Fifteen yearsafter the founding of Eco-Emballages, history isrepeating itself. The momentum is generated bythe collective effort: setting shared targets forthe reduction of packaging wastes and defininga timetable for meeting them attest to the effec-tiveness of the partnership model that we haveespoused.

What next? I am convinced that the futurebelongs to those who can forge alliances, thinkoutside the box and stretch the imagination asfar as it will go. The environment must be a

catalyst for innovation to encourage better design,sorting, recycling, and awareness. Since theGrenelle conference, everyone has realized thatthey must rethink their production and consump-tion patterns and reduce their environmentalfootprint. The report submitted at the Youth Eco-Parliament® in Prague in May 2008 is in factentitled, “Let's change our daily habits.” For Eco-Emballages, educating children on sustain-ability is more of a priority than ever, becausethey are often opinion leaders on environmen-tal topics. Rather than merely passing on themessages they hear, they have made clearthrough this European educational program thatthey want a role in formulating those messagesas well. The Eco-Parliament® marked the culmi-nation of the 4th Pro-Europe Congress. The regulatory trends decisive to our sector will beplayed out at the European level. Let us hopethat the French presidency of the European Unionwill impart fresh impetus to the momentum ini-tiated by the Grenelle environmental conference.

1. Institut de Liaison et d’Études des Industries de Consommation(Liaison and research institute of the consumer products indus-tries - ILEC). 2. Association Nationale des Industries Alimentaires (National asso-ciation of food industries - ANIA).

Annual Report 2007 ● 03

Eco-Emballages04 ●

An interview with /

In your opinion, what event best sums up 2007? B. H. — The emergence of the environ-ment as a key political issue on a nation-al scale, as reflected in the Grenelleenvironmental conference. We at Eco-Emballages have sensed the pub-lic’s growing environmental concernsin recent years. The trend has made itsway into the day-to-day habits of our fel-low citizens in the form of waste sor -ting, and surveys conducted in 2007show a sharp rise in environmentalawareness: as for the image of recycledproducts as well as consumer percep-tions of packaging, the indicators havegone green! This is even more strikingat the local level: Eco-Emballages hasproposed turn-key public opinionbarometers to local authorities to help

Contents /

06Key figures 2007

08Optimization A process of continuousimprovement

18Sustainablemanagement of packaging

28Information Greater individualresponsibility

34Consolidated financialstatements Balance sheetConsolidated accounts

them assess community expectationsregar ding municipal solid waste man-agement. This provides a uniqueresource of data from 25,000 peopleinterviewed (as of year-end 2007); localauthorities can use these data to guidetheir pursuit of technical and financialoptimization in their waste collectionsystems.

What is the positioning of Eco-Emballages in this favorable political context? B. H. — We are positioned as a “thinktank” and moderator of the debate. Inkeeping with our mission to serve thepublic interest, the company publisheda “Green Paper” proposing 40 concreteinitiatives aimed at improving waste management by local authorities. These

Bernard HérodinChief Executive Officer,Eco-Emballages

Annual Report 2007 ● 05

“Our position as an intermediary between local authorities and manufacturers has enabled us to build unrivaled expertise that we must make available to the people in the field.”

*

proposals were derived from extensivediscussions and published to coincidewith France’s presidential and legisla-tive elections. The issue of waste man-agement, although an important aspectof daily life, is rarely addressed by polit-ical decision makers at the national level. Our position as an intermediarybetween local authorities and manufac-turers has enabled us to build unrivaledexpertise in both optimization and eco-design, which we must make availableto the people in the field.

How do you ensure your legitimacy? B. H. — Our household packaging seg-ment has proven its effectiveness overthe past fifteen years. The total weight ofpackaging is now below its 1994 level,and the tonnage of recycled packaging

has nearly tripled even though consump-tion has risen by 30% over the same peri-od. These achievements are the fruit ofa joint effort on the part of businesses,local authorities and recyclers. For exam-ple, Eco-Emballages proposes a com-prehensive service to promote eco-design. In line with this service, some 250packaging engineers received trainingin eco-design, 90 quick audits have beenperformed in small- and medium-sizedcompanies, and 43 companies had theopportunity to host an engineering stu-dent intern specializing in packaging.

How do you plan to capitalize on this momentum? B. H. — In November, we joined ILECand ANIA in a commitment to a “wasteminimization and recycling plan”. Over

the five-year period of the plan, our pri-orities will be to make eco-design morewidespread, expand waste sorting andrecycling, promote recycled packaging and step up our communications. In2007, two advertising campaigns andseveral marketing partnerships helpedto raise public awareness of waste sort-ing and recycling and the environmen-tal benefits they yield. The overall aimof our enterprise has not changed sinceEco-Emballages was founded: to com-bine environmental benefits with eco-nomic advantage in a favorable regula-tory climate.

Eco-Emballages06 ●

Key figures for 2007 /

245,400 container bins for voluntary drop-off • Approximately 6.7 millionreceptacles for selective wastes • About 3,500 separate waste collectionvehicles• 19% average rejection rate • 7,700 skids • About 2,000 sortingambassadors • 222 local authorities representing some 25.5 millioninhabitants are involved in an optimization effort.

REVENUES

411 million euros • 47,000 companies are covered by

22,197 contracts and pay an average of 0.6 euro cents per

package.

EXPENDITURES

92.3% of the expenditures of Eco-Emballages and Adelphe

are paid to 1,331 local authorities representing 36,161 of

France’s 36,679 communities*.

DIVERSE SERVICES

10 different methods of waste collection • 42 million people

have the benefit of curbside selective waste collection services •

50 million people have access to a waste-glass

drop-off collection point • 28 million people have access

to a drop-off point for waste packaging only or for packaging

and newspapers.

*Source: Insee, 1999.

Annual Report 2007 ● 07

The contributing consumer packaging waste stream

amounts to

4.8 Mt

Recycling rate: 61% of the packaging

waste stream, or

2.9 Mt

Recovery rate: 77% of the packaging

waste stream, or

3.7 Mt

Environmental balance: segregated waste collection avoided theequivalent of 1.8 million metric tons of CO2 emissions.

RECYCLING PERFORMANCE RECYCLING PERFORMANCE PER MATERIAL (as a percentage of the aggregate waste stream)

Plastic

21 %Aluminium

28 %Paper-board

55 %Glass

75 %Steel

109 %

SORTING PERFORMANCE PER TYPE OF RESIDENTIAL AREA(as kg per inhabitant per year)

Urban

28 kgSemi-urban

49 kgSemi-rural

58 kgRural

61 kg

182 employees

SORTERS

French people can sort their solid wastes.

Each person generates

per year of household refuse*, including

of packaging wastes.

59.5 million

353 kg

86 kg

of household packaging wastes are sorted each year.

47 kg

*Source: Ademe.

OptimizingOptimizing Eco-Emballages08 ●

A process of continuousimprovement

OptimizingAnnual Report2007 ● 09

— Now that waste sorting has become a way of life throughoutFrance, the primary concern of local authorities is to reduce theirwaste management costs, notably by rethinking their segregatedcollection system, which determines the feasibility of recyclinghousehold refuse. Another focus of effort is to make sorting morewidespread in multi-family housing blocks, which are still theweakest link in the waste optimization chain. The time is also ripe to tackle the new challenges ofcommunicating with residents. Working hand in hand with localauthorities, Eco-Emballages addresses all these issues as part of aprocess of continuous improvement that draws on its expertise andits service momentum. The company never loses sight of the factthat the quality of a waste collection system is not confined to itstechnical aspects, but integrates its social, environmental andeconomic dimensions as well.

Acting on every front

— The latest trends in the recycling sector confirm that the market forrecycled packaging materials has gained in maturity. The variousrecycling processes meet a genuine demand from a variety of industrialsectors. They contribute to improving the environmental balance ofindustrial activities by substituting recycled for virgin materials. In otherwords, the recycling movement is picking up speed thanks to itsenvironmental benefits, the diversification of market outlets and therising costs of raw materials. These trends help explain why the buy-back prices of recycled materials held up well in 2007.

CONTEXT

CHALLENGES

01The first steps toward a promising future for plastic, with closed-loop recycling of bottles.

02 The glass recycling segment isalso heading for newopportunities thanks to thecolor-sorting of used glass.

Recycling /

A number of recycling segments passed decisive milestonesin 2007 with the removal of technical and regulatory barriers.For example, after successfully breaking ground by developing textile recycling as an outlet for plastics, the material

is making its first foray into the extremely promising fieldof closed-loop recycling of food-grade packaging.The outlook seems just as promising for more well established recycling segments such as glass, wherecolor sorting at the glassworks will create new opportu-

Ever-widening prospects

01

02

Eco-Emballages10 ●

ed tonnages of materials, and ensure a constant qualityof materials that will allow continued growth of the mar-ket. Eco-Emballages serves as a benchmark in this areatoday.

nities for cullet recycling. The maturity of this market trans-lates to greater flexibility in the buy-back system. Since2005, the market has expanded; today a growing share ofcontracts are negotiated directly between local authori-ties, brokers and recyclers.

— By the end of 2007, the market share of the three mate-rials buy-back systems had essentially stabilized. Eco-Emballages also consolidated its role in the over-sight and monitoring of buy-back networks, with three keyobjectives: to ensure the reality of recycling, verify report-

Annual Report 2007 ● 11

HIGHLIGHTS

February

Launch of the printadvertising campaignconcerningpreconceived notionsabout waste sorting,carried in Metro andParu Vendu, two titlesof the free press. Thecampaign ran for fourmonths, presenting anew comic strip eachweek.

z

March

Launch of the firstphase of the outdooradvertising campaignco-sponsored by theFrench Mayors’Association with thebaseline, “Trier, c’estcréer” (“Sorting iscreating”).

Eco-Emballages wasthe environmentalpartner of the Paris-Nice bicycle race.

z

April

Publication of the bookentitled, “Zéro déchetnon trié, non recyclé,non valorisé.” (Zerowaste left unsorted, un-recycled and un-recovered).

Eco-Emballages wasthe environmentalpartner of thePrintemps de Bourgesmusic festival.

z

May

Signing of anagreement with UnionSociale pour l’Habitat(USH, a professionalassociation of low-income housingfederations) to permitthe recruitment ofsorting ambassadorsby social housinglandlords.

z

*Price at pick-up point in euros/metric ton (excluding VAT).

3rd

qu

arte

r 20

04

2nd

qu

arte

r 20

04

1st

qu

arte

r 20

05

4th

qu

arte

r 20

04

1st

qu

arte

r 20

04

4th

qu

arte

r 20

05

3rd

qu

arte

r 20

05

2nd

qu

arte

r 20

06

1st

qu

arte

r 20

06

2nd

qu

arte

r 20

05

1st

qu

arte

r 20

07

4th

qu

arte

r 20

06

3rd

qu

arte

r 20

07

2nd

qu

arte

r 20

07

3rd

qu

arte

r 20

06

1st

qu

arte

r 20

08

4th

qu

arte

r 20

07

UNDERLYING TRENDS Buy-back prices (guaranteed buy-back) – Plastic (all polymers)

00*

5367

106117119

140

182191 192189 187 192 198

218204

Source: Valorplast.

Eco-Emballages12 ●

222

Household packaging wastes /

Winning the battle for financial and technical optimization

01Possible corrective actionsin the area of wastecollection include reducingcollection frequency andrevamping the rounds. —

02Controlling the productionof waste sorting facilities is among the goals of Eco-Emballages. —

01 02

Local authorities representing a population of 25 million inhabitants have opted for the CostAwareness Support service.

Annual Report 2007 ● 13

THE PROPOSALS OF ECO-EMBALLAGES Proposal 31 of the Green Paper

— Encourage optimized management of household refuse (pre-collection, collection and processing) aimed at controlling overall costs while ensuring greater efficiency of the collectionsystems (quantitative and qualitative improvements in the wastescollected and processed). Model this optimization drive on the system used for household packaging wastes.

In 2007, Eco- Emballages pursued itsefforts to optimize its segregatedwaste collection system, with the aimof striking a better balance betweencost and performance as part of aquality service offering.

The service that Eco-Emballages’ regional teams proposeto their partner communities is increasingly well structured.It is based on a set of tools and methods and now encom-passes project management aspects as well. The compa-ny’s Cost Awareness Support service, fully ope-rationalsince 2006, has earned the favor of 222 local authorities representing a population of 25 million inhabitants – a suc-cessful performance especially in view of the fact that opt-ing for this financial assessment can sometimes prompt localauthorities to rethink their practices.

Of the 222 communities that have undergone the audit,67 have already opted to go on to the next phase, called“Optimization Leverage Awareness Support.” The aimof this process is to define highly concrete correctiveactions such as reducing the frequency of collection andrevamping the collection rounds, focusing efforts onmulti-family housing blocks, encouraging voluntary drop-off of wastes in rural areas, etc.

— At the same time, Eco-Emballages has pursued thedeployment of its e-tem platform (for production controlat waste sorting facilities) and of Mapeos, an Internet-based mapping application.

Another feature of 2007 was the increasing popularityof a gamut of tools for environmental analysis, ranging fromsimple applications such as e-tonnes, which provides anintroduction to the benefits of recycling, and e-impacts toevaluate the stakes of household waste management, tomore complex tools such as Wizard, designed for thoseready to commit to a comprehensive life-cycle analysisapproach.

— In addition, working closely with the association of low-income housing federations (USH), Eco-Emballages pur-sued the deployment e-collectif, a technical decision-support tool, and a training CD for building janitors. Bothtools are specially designed to improve waste sorting inmulti-family housing blocks.

As proof of the growing interest in optimizing waste col-lection in apartment complexes, more than 400 repre-sentatives of local authorities and social housing land-lords attended the second forum on collective housingorganized jointly by Eco-Emballages and USH on Decem-ber 13, 2007.

Local authorities /

Communication geared to the expectations of local residents

UNDERLYING TRENDSBetter grassroots communication in low-income housing complexes

— A successful penetration of the low-incomehousing market, to date ill-served bysegregated waste collection services, willdemand far-reaching collaboration withlandlords, notably to step-up awareness-building initiatives. Under an agreementsigned on May 24, 2007 between Eco-Emballages and the association of low-income housing federations (USH), thecompany has committed to support the

creation of 500 jobs as sorting ambassadorsemployed by landlords, in connection withagreements signed with local authorities. Anumber of landlords have seized thisopportunity by hiring ambassadors via work-placement and retraining organizations. It is away of bringing into or back to the workforcepeople who had been excluded from it incommunities where social bonds play anespecially important role in ensuring thequality of sorting. More broadly, 1,000ambassadors were recruited in 2007, doublingthe year-earlier figure.

Eco-Emballages14 ●

01In 2007, 1,000 additionalambassadors were recruited to ensure the quality of wastesorting.—

02Eco-Emballages is stepping up itsefforts to educate residents of areas that do not yet enjoyconvenient curbside segregatedwaste collection services.—

01 02

Optimized waste management alsocalls for rejuvenating the media and themes of grassroots commu-nication. In order for local authorities to have a better grasp of the expectations of their inhabitants, and because, in a context of localdemocracy, the time is ripe for assessing the effectiveness of their

communication strategies, Eco-Emballages has deployedits turn-key communications tool, the opinion survey. This“barometer” is part of a kit consisting of a standard 26-item questionnaire, a methodology guide and an aidfor strategic analysis. Thanks to a baseline survey con-ducted in late 2006, each community can measure itsperformance against national trends.

With the operational support of the Eco-Emballagescommunications team, 40 opinion surveys were carried

Annual Report 2007 ● 15

out in 2007, covering a total of 25,000 interviewees. Theresults constitute an unmatched resource of opinion dataon waste sorting and local waste management, an indis-pensable reference for defining and implementing anaction plan for technical and financial optimization of theservice.

— In 2008, the challenge is to convince local decisionmakers to act quickly on the greatest possible numberof wishes expressed in the surveys. Eco-Emballages hasalready introduced a community segmentation analysisbased on the size and proportion of multi-family housing, so that local authorities can compare on a com-parable basis. Two additional services are also in thedevelopment stages: w A communication audit to enable local authorities to

assess their overall waste management communica-tion policy

w Indigo, a methodology that allows Eco-Emballagesexperts to assist local authorities in assessing the effec-tiveness of an innovative local communications initia-tive in real time.

03Segregated waste collection in a new district of Stockholm,using semi-undergoundcollection columns. —

03

Eco-Emballages16 ●

communities were awarded the “Qualitri” labelfor quality waste sorting in November 2007 and

11 facilities were selected as showcase sites.

65

Proof by example /

Quality labels and the network of showcase sites

01One aim of awardinglabels is to givecommunities anincentive to limit theenvironmental impactof their wastecollection. —

01

Annual Report 2007 ● 17

Local authorities that have earnedthe Qualitri label for quality sorting:

02The conurbation of Strasbourg andthe municipal solid wasteprocessing entity Sitom SouthRhone—

03The inter-community municipalsolid waste treatment entity, SmicvalLibournais-Haute-Gironde. —

04The inter-community authority ofthe Lagor communities. —

05Brest Océane metropolitan area —

02 03

04 05

21st century, Eco-Emballages kicked off a label campaignto provide national recognition for outstanding performance by local household waste collection services. The label isintended as an incentive for towns of more than 10,000inhabitants, which have already made a spectacular effortto optimize performance by addressing new factors suchas user satisfaction, cost control, mitigation of environmental impacts and improvements in health and safety aspects of

their service. In November 2007, the Qualitri label was award-ed to 65 communities during the convention of French may-ors and local authorities.

— Eco-Emballages has also moved ahead with the develop-ment of its network of “showcase sites” with the selection of11 sites at the end of 2007. The aim of this program is to givea concrete demonstration of best practices by spotlightingcommunities that have made the greatest progress in boththe technical and communications aspects of householdwaste management. Indeed, proof by example is the mostconvincing argument. Eco-Emballages has intensified its schedule of visits to show-case sites accompanied by representatives of local author-ities and businesses.

After the experience gained in theFrench provinces with Ademe (theFrench agency for environment andenergy management), during the early part of the

THE COMMITMENTS OF ECO-EMBALLAGES Commitment 4 of the Eco-Emballages – ILEC – ANIA plan

Promote the use of recycled materials. 01w Sign an “Eco-Emballages Members’ Charter” centered on the use of

recycled materials, packaging design and environmental preservation. 02w Gradually introduce up to 25% recycled materials into consumer

product plastic packaging (bottles and jars) provided the supply chainis secure and certain regulatory and technical barriers have beenremoved (especially the issue of food-grade specifications), andprovided that the use of recycled materials can lead to measurableimprovements in the overall eco-balance of the products.

03w Accordingly, improve the economic functioning of the secondary rawmaterials market, which is still overly focused on the initial phases ofdeployment of the recycling process.

Eco-Emballages18 ● Managing Eco-Emballages

Sustainablemanagement ofpackaging wastes

Annual Report 2007 Managing ● 19

— In 2007, Eco-Emballages continued to give the corporate sectorthe benefit of its comprehensive expertise by intensifying itsapproach based on community outreach and awareness-building.The development of services to promote eco-design is a concreteillustration. At the same time, Eco-Emballages has pursued itsrelentless quest to develop innovative ways of operating, such asmarketing partnerships established with consumer brands to helpthem address the environmental implications of their products moreeffectively. Lastly, more than ever, Eco-Emballages is consolidatingits role as a unifying force by increasing the number of encounters,sharing best practices among stakeholders and holding debates onpackaging trends and waste-minimization issues.

Momentum to build on

— The various surveys conducted by Eco-Emballages have highlighted acontext generally conducive to shoring up the waste minimization policythat was clearly confirmed during the Grenelle environmental conferences.The Estem* institute study on the household packaging waste stream notonly confirmed the continuing decline of overall tonnage, but also revealeda decline in the number of packages. Two additional surveys of consumerperceptions shed light on current attitudes: recycled products now have apositive image in the eyes of consumers, who are paying more attention tothe environmental impact of their consumption habits. *See box, page 22.

CHALLENGES

CONTEXT

Eco-Emballages20 ●

01Household packaging is theonly stream of householdwastes for which total tonnagedeclined between 1997 and 2006.

Packaging /

Second, for the first time in history, the number of packagedproducts has declined (-2.2% since 2003, excluding pharmaceuticals), despite the continued rise in household consumption.

— These figures show that the rising standard of living ofFrench households has not triggered a comparable rise inpackaging waste. The “decoupling” of GDP growth and

A waste stream declining in number and weight

01

Two key facts emerge from the 2006 Estem* study of house-hold packaging wastes: first, the continuing downward trendin waste packaging tonnage, which has now fallen below its1994 level (4.4 million metric tons, versus 4.6 million in 1994).

Annual Report 2007 ● 21

packaging volume is more clearly marked. This situation isespecially noteworthy given that packaging is the only com-ponent of the household waste stream that showed a declinein tonnage from 1994 to 2006. Factors that contributed tothis trend include: the decline in the use of glass containers in certain markets, the gradual elimination of plastic bags,and shifting consumption patterns in France. The achieve-ment can also be attributed to innovations in packaging and changes in consumer behaviors. For exam-ple, the reduced number of plastic bags at retail check-outswas made feasible by a new awareness shared by massmarketing chains, which have conveyed waste minimiza-tion messages to customers, and by consumers themselves,who have responded to the numerous awareness cam-paigns.

– Unmatched in Europe, the Estemanalysis is vital for evaluating the waste-minimization efforts of companies and for checking the accuracy of reporting. –

2000

1997

2006

2003

4.85

1994

4.6 4.7 4.6 4.4

2000

1997

2006

2003

84.1

1994

78.9 88.4 90.7 90.2

Tonnage of household packages (in millions of metric tons)

— Waste tonnages have declined steadily since 1997.

Number of household packages (excluding products packaged in the store such as fresh meat and cheese, and retail check-out bags)(in billions of consumer sales units). — The number of household packages declined for the firsttime from 2003 to 2006.

HIGHLIGHTS

June

Eco-Emballages wasthe environmentalpartner of theEurockéennes rockmusic festival in Belfortand of the Rio Locofestival in Toulouse.

z

July

Phase 2 of theoutdoor advertisingcampaign co-sponsored by Eco-Emballages andthe French mayors’association with thebaseline, “Trier, c’estpreserver” (“Sorting is preserving”).

Eco-Emballages wasthe environmentalpartner of the famousTour de France cyclingrace and the AntiquePlows festival.

z

August

Eco-Emballages wasthe environmentalpartner of the Guidesfestival in Chamonix.

z

September

Phase 3 of the outdooradvertising campaignwith the baseline, “Trier,c’est preserver”(“Sorting ispreserving”).

Eco-Emballages wasthe environmentalpartner of the ParisTechnoparade.

z

*See box, page 22.

Eco-Emballages22 ●

THE COMMITMENTS OF ECO-EMBALLAGES Commitment No. 2 of the Eco-Emballages – ILEC –ANIA plan

Make packaging eco-design more widespread and evaluate the resultsachieved. 01w By 2010, pursue waste reduction at source by organizing 3,500 days

of assistance to small and medium-sized enterprises in partnershipwith the École Supérieure d’Ingénieurs en Emballage etConditionnement (Esiec), an engineering school specializing inpackaging.

02w By 2011, carry out the equivalent of 1,000 days of assessments at theindustrial facilities of large and medium-sized companies.

03w By 2010, roll out 100 comprehensive eco-design programs in largeand medium-sized companies that have not yet undertaken this typeof initiative.

Eco-design /

The backbone of the service offering

UNDERLYING TRENDS The Estem survey: a snapshot of the household packaging waste stream

— Every three years since 1994, Eco-Emballagesand Ademe, the French agency for environmentand energy management, have commissioned asurvey of household packaging waste streamsconducted by the Estem institute. They apply amethodology that inventories a broad spectrumof household wastes broken down into market,format and material. From 2003 to 2006, therate of reduction in waste tonnage (-5%) wasnearly twice as high as in the previous three-year period. In addition, a new phenomenon of“demand deceleration” has been observed in

certain categories that were formerly growthmarkets, such as yogurts and bottled water.Another first is that the decline in weight alsoapplies to plastic. This can be largely attributedto the fact that plastic bags are no longerroutinely distributed at retail check-outs, leadingto a savings of 60,000 metric tons. Finally,although the average unit weight of certaintypes of packaging has pursued its downwardtrend, the effort to minimize waste at the sourceof the packaging chain (primary, secondary andtertiary) remains a priority.

Annual Report 2007 ● 23

Guided by the consistent objectiveof assisting companies that seek to reduce the tonnageand environmental impacts of their packaging by helpingthem take action right from the manufacturing phase oftheir product. This involves finding simple, easy-to-imple-ment solutions that will quickly deliver measurable ben-efits. Based on the promising achievements highlightednotably by the Ecotop Trophy Awards, more and morecompanies are drawn by the array of services that Eco-Emballages can provide.

— Since the 2005 launch of the partnership with the packaging engineering school, École Supérieure d’Ingénieurs en Embal-lage et Conditionnement (Esiec), 43 companies, including 28in the foods sector, have taken advantage of the opportunityto host one of the school’s students for a 14-week internshipto complete their degree program. These internships haveresulted in savings of 5 to 15% on host company packagingcosts, depending on the material involved. Another type ofassistance is also available to small- and medium-sized com-panies: the Quick Audit is a two-day procedure carried out onsite by experts dispatched by Eco-Emballages. Based on thefindings of an initial review of the audits conducted in 2006,50% of the action plans were implemented immediately afterthe audits. The resulting cost savings are expected to amountto an average 0.4% of company turnover. In 2007, some fiftycompanies (including 30 from the foods sector) requestedand received Quick Audits. In light of the positive response tothis service, Eco-Emballages has now decided to extend itsavailability to all companies regardless of their size.

— Lastly, a day of training in eco-design is held every monthfor the packaging departments of companies that havealready undertaken a waste-minimization program. In the firsthalf of 2008, Eco-Emballages also introduced a supple-mentary service, consisting of personalized support, formember companies.

In 2007, Eco-Emballages expandedits service offer with the aim of enlist-ing more of its members in the eco-design effort.

02-03Quick Audits andpartnership with the Esiecengineering school: two ofthe services invented byEco-Emballages by helpingthem take action right fromthe manufacturing phase oftheir product.—

02 03

Eco-Emballages24 ●

Marketing /

massively about giving a second life to theirpackaging. This inspired the idea of printing messages aboutrecycling directly on the packaging, in a form suitable foreach brand such as comic strips, info-bubbles, or graphics .After the milk market (Syndilait) and the fruit compote mar-ket (Materne brand) in 2006, the movement picked up speedand from May to December 2007, seven new marke-tingpartnerships were deployed in a variety of sectors includ-ing laundry detergents (Skip, a Unilever brand); cocoa pow-der (Banania brand); ready-made meals (Elle & Vire brand);cheese (Bresse Bleu brand), and dairy desserts (e.g., the“Bio” brand of yogurt and Fjord whipped dairy dessert) and

Since 2006, Eco-Emballages has been working to set upmarketing partnerships with leading consumer brands so that the brands can communicate

The growing role of partnerships

0201

01 - 02 -Nearly 50 million packagesbearing environmentalmessages have enteredconsumer homes.

Annual Report 2007 ● 25

03Eco-Emballages was also involved in theadvertising campaign to support thelaunch of the eco-designed detergent,“Skip, petit et puissant” (“Skip, small butpowerful”). The waste reduction effortwas targeted both at the product and atits packaging (-57%).

chicory (Leroux brand). In all, nearly 50 million packagesbearing environmental messages have entered the homesof French consumers. These initiatives -- well received bybrands eager to call attention to their commitment to sus-tainable development -- also promote dialogue betweenthe marketing and packaging teams of the companies.

— Eco-Emballages has also contributed to the organizationof a meeting between the French minister of Ecology and 150marketing managers from major corporations. The meetingtook place at the Ministry for Ecology, Energy and SustainableDevelopment and Spatial Planning. Highlights included testimonials by leading consumer product marketers andbrands such as Casino, Danone, L’Oréal and Yves Rocher, as

well as a presentation of a survey of consumer perceptions ofpackaging.

03

– Companies have everything togain by deploying communicationsinitiatives centered on theirenvironmental commitments. –

ENVIRONMENTAL IMPLICATIONS Changing consumer mentalities

— According to two opinion surveys commissioned by Eco-Emballages from the TNS-Sofres polling institute,consumers have integrated environmental issues muchmore than initially suspected. The first surprise emergedfrom the poll on “the image of recycled products”. Oncedenigrated, recycled products today are perceived astechnology-intensive products with high added value. Theother survey of consumer perceptions of packaging,conducted with the support of Ademe, revealed thatpackaging is increasingly judged from an environmentalstandpoint, which explains the doubling (from 20% in 2000to 40%) of the proportion of people who consider packaging

as “invasive.” This finding should encourage brands topursue their efforts to reduce packaging: in addition totranslating to substantial cost savings for brands, suchinitiatives seem to echo consumer aspirations.

Eco-Emballages26 ●

01

01The use of recycledmaterials in food-gradepackaging was discussed ata meeting on November 8. —

Waste minimization /

a broad consultation with trade organizations. FromDecember 2006 through May 2007, more than 60 sectors of activity representing two-thirds of its contributors tookpart in meetings on the theme of waste minimization.Over the same period, Eco-Emballages kicked off anewsletter reporting on regulatory trends. It also organ-ized forums devoted to sensitive topics or headline issues.From April through December 2007, some fifteen regional meetings provided opportunities to

dispel preconceived notions about bioplastics and toraise awareness of the position of Eco-Emballages.*

* Eco-Emballages is in favor of placing the priority on the recyclability ofmaterials.

After publishing its Green Paper ofproposals for the reduction of pack-aging wastes,

Leading the debate on major trends in packaging

Eco-Emballages decided to trigger

Annual Report 2007 ● 27

ECOTOPA key event

— In keeping with its founding principle of shared responsibility, Eco-Emballagescontinues to serve as a driving force in organizing meetings between the variousstakeholders of the packaging chain in order to capitalize on practices that, throughtheir innovative concepts and effective management of performance, have deliveredthe greatest benefits on the ground. The third edition of the Ecotop awards is aneloquent example. In 2007, the three eco-design trophies went to small- and medium-sized companies1 that managed to reduce the environmental impact of theirpackaging, and the three optimization trophies were awarded to local authorities2 thatimplemented successful optimization programs for their segregated waste collectionservices. A conservancy organization, France Nature Environnement, was also giventhe floor. With 400 people in attendance, the event has emerged as one of the focal venues for environmental professionals and decision-makers from smallbusinesses and local governments.

1) Allia, bathroom fixtures; Méo, coffee roasting and packaging; Savéol, a farm produce cooperative 2) Syndicat du Bois de l’Aumône (63), Angers Loire Métropole (49), Smictom de Coulommiers (77)

THE PROPOSALS OF ECO-EMBALLAGES Proposal No. 1 of the Green Paper

— Help companies, especially small- andmedium-sized businesses, to deploy initiativesthat will reduce waste at the source. Eco-Emballages can mobilize to advisecompanies by capitalizing on its regularcontacts with professional organizationsrepresenting small businesses and numerousexperts.

sectors of activity took part in meetings onwaste minimization between December

2006 and May 2007.

60

Educating Eco-Emballages28 ●

Educating Greater individualresponsibility

EducatingAnnual Report 2007 ● 29

— For Eco-Emballages, communication must serve a dual purpose.First, it must consolidate sorting habits so that people recycle moreand better, wherever they may be. Second, there seems to be a needto re-assert the credibility of segregated waste collection bydisseminating more information about recycling and the eco-balanceof sorting packaging wastes. Accordingly, in 2007 Eco-Emballages launched a number of large-scaleconsumer advertising campaigns endorsed by well-known partners.The aim is to reinforce the convictions of people who already sort theirwastes and recruit others who have not yet developed the sorting habitby dispelling any remaining areas of doubt.

Communicating more effectively

— Now that nearly 60 million French people have the opportunity to sorttheir packaging wastes, polls indicate that this practice has beeninstrumental in building environmental awareness. More than 75% ofthose interviewed cite sorting as the first step toward reducing waste,protecting the environment and avoiding a squandering of resources. Atthe same time, citizens’ attitudes have changed: they want to know whathappens once the waste is sorted and seek greater transparencyregarding the environmental benefits or economics of segregated wastecollection. Yet recent opinion polls have revealed that preconceivednotions about waste sorting, recycling and packaging can interfere withthe messages.

CONTEXT

CHALLENGES

01-02From March to September 2007, an outdoor grassroots advertisingcampaign on a nationwide scaleheightened awareness of wastesorting and recycling. —

Campaigns /

An ongoing effort to educate peopleabout waste sortingat home

Eco-Emballages30 ●

02

Eco-Emballages carried out two communications drives targeted at the general public in 2007. To enable local authorities to communicate independently of France’s electoral climate, a grassroots outdoor advertising campaign co-sponsored by the French Mayors’ Association (AMF) was deployed in all towns of more than 20,000 inhabitants and in some communities of fewerthan 20,000 people. The aim was to shore up the typically shaky motivation of the French to sort their wastes wherever theygo and regardless of their degree of environmental sensitivity. In three week-long phases, the campaign drove home two

complementary messages summed up in the baselines: “Sorting is creating,” and “Sorting is preserving.” The first mes-sage ran in March and called attention to the second life ofpackaging. This was followed by two additional phases in Julyand September that placed the accent on the environmental benefits of sorting. By the end of the campaign, 87% of thegeneral public had been exposed to at least one of these mes-sages an average of 32 times.

01

THE COMMITMENTS OF ECO-EMBALLAGESCommitment No. 3 of the Eco-Emballages - ILEC-ANIA plan

Help inform consumer-citizens and enhance theirawareness of the role they can play in minimizing wastes. 01w In liaison with the government, develop a

communications plan that aims both to encourage andsustain the sorting effort and to inform citizens on themeasurable waste minimization efforts deployed byindustry.

02w Create a Web site for the general public: sortingrecommendations for each community, information onenvironmentally responsible behavior, examples ofwaste reduction at source, sorting performance ofeach community, examples of recycled products, etc.

Annual Report 2007 ● 31

IN THE PROVINCES A Youth Eco-Parliament for the Provence-Alps-Riviera region (PACA)

— Inspired by the successful Youth Eco-Parliament initiativeconducted at the European level, Eco-Emballages appliedthe same principle on the scale of one French region. In2007, 37 school classes in the Provence-Alps-Riviera regionof southeast France took part in this educational program,which was co-sponsored by the School and Nature network.The goal is to brainstorm on new types of communicationthat give inhabitants of the region a desire to act on behalf ofenvironmental preservation. The culmination of the programis a meeting in May 2008 at which a delegation of youngpeople submits a set of proposals to local authorities.

03“Preconceived notions onsorting and recycling,” anotherconsumer advertisingcampaign carried in leadingdaily print media. —

03

HIGHLIGHTS

October

Third edition of theÉcotop Trophy Awards.

Eco-Emballages wasthe environmentalpartner of theMarseilles-Cassisrunning race.

z

November

Signing of the “WasteMinimization andRecycling Plan” with theInstitut de Liaisons etd’Etudes des Industriesde Consommation” (ILEC,a consumer industryresearch institute) and theAssociation Nationale desIndustries Alimentaires(ANIA, the nationalassociation of foodindustries).

The Qualitri label was awarded to 65communities.

z

December

Second national forumorganized jointly byEco-Emballages andthe low-incomehousing federation,Union Sociale pourl’Habitat, on the theme,“Towards sustainablemanagement of wasteand environmentalservices in multi-familyhousing blocks.”

z

— Eco-Emballages also took advantage of the free press toencourage a shift in consumer attitudes and demolish pre-conceived ideas about sorting and recycling; “Should packaging be washed before sorting?” “Is sorting good forthe environment?”. To answer these and other questions,a family saga comic strip was published weekly from February through July in Metro, a free newspaper (880,000copies per day) and ParuVendu, a free classified ads bulletin (with a circulation of 1.6 million per week). This print cam-paign was supplemented by a monthly video on the Eco-Emballages Web site, www.ecoemballages.fr

Eco-Emballages32 ●

Adopting good habits /

and sports events. These agreements involve awareness-build-ing activities and the installation of waste collection banks. In2007, some of the most high-profile events included: the Print-emps de Bourges music festival, the Antique Plows festival andthe Tour de France cycling race with its 10 million spectators.

— In early 2008, a partnership with the international comic bookfestival in Angoulême offered an opportunity to impart a cultural dimension to Eco-Emballages’ quest to build awareness of sort-ing and recycling, notably among children, who are especially receptive to environmental messages. In addition to waste collection banks, Eco-Emballages presented an exhibit on pre-conceived ideas that had already appeared in the print ad cam-paign in free newspapers, redrawn by the authors and illustra-tors attending the festival.

Although waste sorting has graduallymade its way into most French homes,it has not yet become second nature insituations outside the home. Accordingly, in 2007

Eco-Emballages introduced its “I can sort here, too” campaignwith the threefold aim of: encouraging waste sorting all the timeand everywhere, in all consumer and recreational locations;combating littering in public areas and the natural environment;and demonstrating that waste sorting is feasible in all situations.There are two key aspects to the program. One is a signature,“Eco-Emballages Partenaire Environnement” accompanied bya pole sign in the shape of a tree, marked, “I can sort here, too.”The other consists of eight partnerships with music, cultural

Making sorting a way of life all the time, everywhere

environmentally friendly partner

I CAN

SORTHERE

TOO

01Making sorting second nature,combating littering, encouragingwaste sorting in all situations:this is the three-pronged aim ofthe campaign “I can sort here,too!” deployed at various events,such as the Tour de France,seen here. —

01

Annual Report 2007 ● 33

02

SIGNATUREA newly forged corporate identity

— Fifteen years after the founding of Eco-Emballages, it was time for a newinstitutional signature to reflect the changes in its mission and its environment.“Un monde plus beau est entre nos mains” (“A more beautiful world is up to us”)thus stresses the importance of a shared personal responsibility. The new taglineis also accompanied by a new jingle, composed to evoke the concept ofrecycling and the perpetual rebirth it allows, and even its alchemy. Adapted toseveral different styles of music, the jingle is available in mambo, salsa, techno,and song versions, allowing immediate recognition of Eco-Emballages during thefestive events it sponsors.

THE PROPOSALS OF ECO-EMBALLAGES Proposal No. 28 of the Green Paper

— Facilitate citizens’ access to data gathered by Ademe, regional authorities in charge of Industry, Research and the Environment, and environmentalorganizations on installations related to municipal solid wastes. Provide a better interface between industry, government authorities and the general public.

New partnerships with cultural and sportsevents – including the Tour de France and thePrintemps de Bourges music festival – wereestablished in 2007.

8

02 “A more beautiful world is up to us” (unofficial translation)reflects everyone’s personal and collective responsibility to work together to create this new reality. —

Eco-Emballages34 ●

• €3.4 M for research, development and surveys, a sharprise over the year-earlier figure (€1.3 M).• €5.9 M for communication, a decline from 2006 (€7.0 M)covering 2007 events such as the launch of outdoor adver-tising (Tour de France, Printemps de Bourges, Euro-ckéennes) as well as a comic strip on preconceived ideasabout waste and recycling.• €24.7 M for overhead expenses, amounting to 5.6% oftotal expenditures (versus 5.8% in 2006).

Finally, financial income net of tax and exceptional expenses stood at €13.7 M in 2007, versus nearly €8.7 M in 2006.After the reversal of provisions for expenses of €19.4 M(made possible by the new operating license and in accor-dance with the articles of association), and the deductionof deferred tax on latent capital gains, the year shows a consolidated net loss of €2.7 M. It is important to note thatin accordance with the terms of the operating license, thebook income (or loss) of each of the two licensed entities,Eco-Emballages and Adelphe, is nil.

2008 OUTLOOK In 2008, the licensed entities will expand their coverage to59.6 million people, nearly 100% of the French population,under contract.Sorters will permit the recovery of more than 3.8 millionmetric tons of materials, 3 million of which being recycledduring the year, out of the total waste stream of 4.8 millionmetric tons of household packaging waste for which Eco-Emballages and Adelphe receive contributions.Gross income should amount to €408 M, a decline fromthe 2007 figure reflecting the impact of declining consump-tion already observed in 2006 and 2007.Expenditure is forecast to total €479 M and financialincome €78 M. This would give a net loss of €63 M beforereversal of provisions, bringing the provision for futurelosses to €23 M. This provision will be written back to off-set estimated losses in 2009. An increase in the rate scaleapplied to members effective January 1, 2010 is beingconsidered as a means of covering expenditures from2010 to 2012.

The detailed financial statements of Eco-Emballages areavailable on request to all shareholders.

2007 FINANCIAL YEAR The number of contracts governing the operations of the two licensed enti-ties continued to fall in 2007 (1,365 at year end versus 1,405 a year ear-lier) reflecting decisions by numerous inter-community authorities to joinforces to meet the criteria of the new subsidy and rate scale (“BarèmeD”). However, the population under contract remained stable at 59.5 mil-lion and the sorter population rose 0.5% from 59.1 million to 59.4 mil-lion inhabitants. Today, only 700 French communities – representing atotal population of 0.7 million inhabitants – are not under contract with either of the two licensed entities. The control and monitor-ing measures in place since 2001 permitted a successful control of costsduring financial year 2007. During the year, collection of segregated wastesamounted to 463,000 metric tons of paper/board and 218,000 metrictons of plastic subsidized by the licensed entities.Budget forecasts for 2007 had pointed to a loss before allocating €49 mil-lion (€49 M) to provisions against future losses. In fact, the 2007 con-solidated accounts show a loss of €19.4 M. The consolidated net lossexcluding minority interests, after setting aside provisions for future loss-es, stands at €2.7 M. This book loss is the result of consolidation rules(e.g., deferred taxes) that offset the consolidated income of €3.4 Mrecorded in 2006, whereas the net book income of the two licensed enti-ties is nil.Net equity excluding minority interests stood at €2.5 M at the end of 2007.

INCOME AND EXPENSESThe contributions paid by manufacturers, importers and distributors amount-ed to €410.9 M for 22,197 members in 2007, versus €412.6 M in 2006. Thebudgeted amount was €400 M in 2007.In the expense column, at the end of 2007, Eco-Emballages and Adelphehad contracts with a total of 1,365 inter-community authorities representing some 35,950 communities and covering a population of 59.5 million people. Of the population covered, 59.4 million inhabitants currently enjoymulti-material segregated waste collection (versus 59.1 million at end 2006).Approximately 3.7 million metric tons of waste were recovered, of which2.9 million tons were recycled, for a recycling rate of 61.3% and a recoveryrate of 76.9% of the total waste stream of 4.8 million metric tons for whichEco-Emballages and Adelphe receive contributions. Operating expensesposted in 2007 totaled €443.3 M, including provisions set aside in earlierfinancial years but not provisions on current assets or contingency or lossprovisions. This figure is up 4.4% on the year earlier figure of €424.4 M.Expenses may be broken down as follows: • €409.4 M for segregated waste collection, accounting for 92.4% of expen-ditures, including nearly €381.6 M for local authorities against €369.8 Min 2006 (up 3.2%), and €5.9 M for the national advertising campaign co-sponsored with the French Mayors’ Association (AMF).

Consolidated financial statements

Annual Report 2007 ● 35

Financial year 2007 Financial year 2006(as at December 31, 2007) (as at December 31, 2006)

Depreciationin euros Gross and provisions Net Net

Goodwill on acquisition 3,731,161 3,731,161 0 0

Intangible assets 6,482,456 3,490,090 2,992,366 2,072,174

Tangible assets 5,528,194 3,300,172 2,228,022 2,253,590

Long-term investments 328,423 0 328,423 306,715

TOTAL FIXED ASSETS 16,070,233 10,521,423 5,548,810 4,632,479Down-payments to suppliers 231,968 0 231,968 0

Member accounts receivable 147,334,673 6,540,203 140,794,471 142,825,669

Other receivables 14,190,268 3,840,820 10,349,448 40,805,363

Securities 306,059,810 2,345,651 303,714,159 304,717,927

Cash 47,896,201 0 47,896,201 14,377,228

Prepaid expenses 410,939 0 410,939 510,228

TOTAL CURRENT ASSETS 516,123,859 12,726,674 503,397,185 503,236,415

OVERALL TOTAL 532,194,093 23,248,097 508,945,996 507,868,894

Balance sheet

ASSETS

Financial year 2007 Financial year 2006in euros (as at Dec. 31, 2007) (as at Dec. 31, 2006)

Capital 1,752,600 1,752,600

Unavailable reserves 44,529 44,457

Consolidation goodwill and retained earnings 704,804 3,422,562

SHAREHOLDERS’ EQUITY 2,501,933 5,219,619Interests outside the Group 547,627 547,611

Minority interests 547,627 547,611

PROVISIONS FOR CONTINGENCIES AND LOSSES 88,319,175 106,272,881Bank borrowings 121,414,044 81,342,580

Trade notes and accounts payable 265,164,101 279,471,657

Taxes and dividends payable, benefit liabilities 27,922,067 30,487,362

Other liabilities 3,077,049 4,527,184

TOTAL LIABILITIES 417,577,260 395,828,784

OVERALL TOTAL 508,945,996 507,868,894

LIABILITIES

Income statement

Financial year 2007 Financial year 2006in euros (as at Dec. 31, 2007 (as at Dec. 31, 2006)

Net sales 412,510,283 413,646,951

Excess depreciation and write-back of provisions 28,414,738 14,428,114

Operating subsidies 58,349 0

Other income 888,016 880,241

TOTAL OPERATING INCOME 441,871,385 428,955,305Purchases of raw materials and other procurements 399,757,140 387,611,423

Other purchases and external charges 31,060,169 22,997,669

Taxes 1,627,622 1,598,114

Wages and salaries 8,143,067 8,291,891

Benefit expenses 4,859,662 4,703,749

Depreciation allowances and provisions 12,924,517 9,472,359

Other expenses 1,133,657 385,844

TOTAL OPERATING EXPENSES 459,505,834 435,061,049

OPERATING INCOME OR LOSS -17,634,448 -6,105,744Investment income 17,757,457 9,026,889

Other interest income 327,409 287,496

Foreign currency gains 112 0

TOTAL FINANCIAL INCOME 18,084,978 9,314,385Depreciation allowance and appropriation to provisions 1,649,904 695,747

Losses on sales of short-term investments 1,302,704 0

Interest expense 68,819 25,439

Foreign currency losses 107 2,170

TOTAL FINANCIAL EXPENSES 3,021,535 723,356

FINANCIAL INCOME OR LOSS 15,063,443 8,591,029

EARNINGS BEFORE TAX -2,571,005 2,485,285Non-recurring gains from operations 10,260 29,759

Non-recurring gains on sales of assets 4,762 13,603

Write-back of provisions and transfers of expenses 54,069 3,169

TOTAL NON-RECURRING INCOME 69,091 46,531Non-recurring loss on operations 142,830 38,088

Non-recurring loss on sales of assets 3,172 63,766

Unusual depreciation allowances and provisions 50,602 13,814

TOTAL NON-RECURRING EXPENSES 196,603 115,669

NON-RECURRING INCOME OR LOSS -127,513 -69,138Corporate income tax 19,167 -1,026,239

NET INCOME OR LOSS OF CONSOLIDATED COMPANIES -2,717,684 3,442,387

CONSOLIDATED NET INCOME OR LOSS -2,717,684 3,442,387

Design and layout:May 2008

Published by the Communications Department, Eco-Emballages Photo credits: Eco-Emballages photo library, Myli Bourigault and l’OEil du Diaph, Bernard Tribondeau,

Renault, REA photo library: David Rose/Panos, Ian Hanning, Corbis: Leland Bobbè, Cultura, Fournier/Sensation, SITA France photo library.

Printed on recycled PEFC-certified Condat Silk paper.

44, avenue Georges-Pompidou — BP 30692302 Levallois-Perret Cedex — France

Tel.:(33) 1 40 89 99 99 Fax: (33) 1 40 89 98 99www.ecoemballages.fr

Eco-Emballages is ISO14001 certified