Amcor has become the first global diversified packaging company to report to the Sustainability Accounting Standards Board (SASB) packaging standard.

SASB standards are designed to connect companies and investors on the financial impacts of sustainability.

With the industry-specific standards, businesses benefit from greater transparency and improve risk management while offering an accurate view of their sustainability performance to investors.

By reporting against SASB’s Containers & Packaging standard, Amcor set a new benchmark.

Amcor Global investor relation head Tracey Whitehead said: “We are proud to have adhered to SASB standards, an important benchmark for transparent reporting and one we know will help our stakeholders better understand Amcor’s commitment to managing ESG risks and improving outcomes for our business, customers and shareholders.

“As a global leader in packaging, we recognise that enhancing transparency and accountability enables better, evidenced-based progress against company and industry goals.”

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Besides being the first company to report against SASB standards, Amcor also reports to sustainability metrics complying with the Global Reporting Initiative (GRI) Standards.

Additionally, the company joined the World Wildlife Fund (WWF) ReSource, which provides practice measurement framework to reduce plastic waste.

In November, the company announced the receipt of a AA rating on a scale of AAACCC in the MSCI ESG Ratings assessment.

In October, Amcor announced its support to a new call for a global treaty on plastic pollution, which is a collaboration between Boston Consulting Group, World Wildlife Foundation and Ellen MacArthur Foundation.