Sustainable aluminium packaging company Ball Corporation has released its combined annual financial and sustainability report for 2023.
The report underscores the company’s commitment to providing innovative and sustainable packaging solutions, with a significant focus on renewable energy and recycled content.
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For the first time, renewable sources accounted for more than half (58%) of Ball’s global electricity usage, including 100% at its US beverage packaging plants.
This shift has led to a 50% reduction in global scope 2 greenhouse gas emissions in 2023 compared to the previous year.
The company has also made strides in working with its suppliers to increase the recycled content in its products, achieving a global beverage packaging average of 70% recycled content, a 4% increase from the previous year.
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These efforts have resulted in a 29% reduction in Ball’s absolute greenhouse gas emissions across scopes 1-3.
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By GlobalDataBy the end of 2023, all of Ball’s rolling mill suppliers were members of the Aluminium Stewardship Initiative (ASI), with 21% of the metal procured being ASI-certified.
Financially, Ball reported robust performance for 2023, with net sales reaching $15.34bn, including its aerospace business.
Last month, the company completed the divestiture of this segment for approximately $5.6bn.
Net earnings attributable to Ball for the year was $707m, down from $719m a year ago.
Ball chair and CEO Dan Fisher said: “Following the divestment of our aerospace business, this past year presented an opportunity for us to clearly declare who we are as a focused aluminium packaging sustainability leader with an expansive product portfolio.
“We embark on our next chapter with vigour and a relentless focus on delivering value by leveraging the full extent of our manufacturing expertise, winning operationally by prioritising efficiency, and forging lasting customer relationships by actively listening to our customers’ needs and partnering with them to make a difference.”
