Ball Corporation Releases Climate Transition Plan and 2022 Annual Combined Financial and Sustainability Report
Climate Transition Plan outlines near-term actions, value chain collaboration and joint advocacy to drive circularity and decarbonization
"As a global company with a 143-year history, Ball has the expertise and resources required to navigate uncertainty and deliver ongoing value for our employees, customers, communities and shareholders," said
Ball's Climate Transition Plan offers a transparent, robust, and science-based decarbonization plan inspired by the latest UN guidelines and its call for corporations to ground net zero commitments in real emissions cuts. With a focus on critical emissions reductions by 2030, and additional milestones by 2050 or earlier, the plan includes three technically feasible and economically viable scenarios that account for a degree of uncertainty and the potential for change along the journey. It also details how Ball is aligning its commitments with action, which include its leading efforts to mobilize the industry's value chain as a founding member of the
"The fight to keep the 1.5-degree limit alive will be won or lost in this decade so our focus has been on achieving 55% reductions by 2030 with existing commercial technologies and applying best practice policies," said
The 2022 Combined Report demonstrates Ball's long-term commitment to driving innovation, increasing operational efficiency, and prioritizing its people and culture as foundational components to its success.
Combined Report highlights include:
- Ball continues to work with suppliers to increase the recycled content of its products and has achieved a global beverage packaging average of 66% recycled content, up 3% from the prior year.
- In 2022, Ball generated 87% (or
$13.37 billion ) of its revenue from the sale of products that are manufactured with recycled materials, are recyclable and, to a small but growing degree, are refillable or reusable. These products include aluminum beverage cans, bottles, cups, aerosol cans and slugs. - In 2022, Ball became the first beverage can manufacturer to certify all of its beverage can plants globally against both the Aluminum Stewardship Initiative's (ASI) Performance Standard and Chain of Custody Standard. In early 2023, Ball's aerosol business achieved ASI certifications as well, providing customers with further confidence in Ball's rigorous environmental and social standards.
- Ball shipped more than 108 billion aluminum beverage cans worldwide in 2022. In addition, Ball's aluminum aerosol business increased shipments by 12% in 2022 and is set to install five new aerosol manufacturing lines across EMEA and NCA in 2023. The Ball Aluminum Cup® plant started its second manufacturing line and now has the capability to produce 9-, 12-, 16-, 20- and 24-ounce cups, offering a fully recyclable cup for any event or occasion.
-
Ball Aerospace designed and built the advanced optical system for the James Webb Space Telescope, an international collaboration between NASA, theEuropean Space Agency (ESA) and theCanadian Space Agency (CSA). Webb is the most advanced telescope in human history and is capable of looking approximately 13.5 billion years into the past.
Download the full Climate Transition Plan and 2022 Combined Report. For more information on Ball's sustainability efforts, please visit https://www.ball.com/sustainability.
About
Forward-Looking Statements
This release contains "forward-looking" statements concerning future events and financial performance. Words such as "expects," "anticipates," "estimates," "believes," and similar expressions typically identify forward-looking statements, which are generally any statements other than statements of historical fact. Such statements are based on current expectations or views of the future and are subject to risks and uncertainties, which could cause actual results or events to differ materially from those expressed or implied. You should therefore not place undue reliance upon any forward-looking statements and they should be read in conjunction with, and qualified in their entirety by, the cautionary statements referenced below. Ball undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key factors, risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the
View original content to download multimedia:https://www.prnewswire.com/news-releases/ball-corporation-releases-climate-transition-plan-and-2022-annual-combined-financial-and-sustainability-report-301773755.html
SOURCE