Ball Corporation has released its Climate Transition Plan in its bid to “better serve its stakeholders and deliver solutions that benefit the planet.”
According to the study, 66% of Ball’s packaging is created from recycled materials, an increase of three per cent over the previous year. Products created in North America and Central America collectively include 64% recycled material. Its products have 62% recycled content in the European, Middle Eastern, and African region. In South America, recycled materials are used in the production of 76% of items.
Additionally, Ball Corporation generated 87% ($13.37bn) of its revenue from the sale of products that are manufactured with recycled materials. More than 108 billion aluminium beverage cans were shipped worldwide in 2022.
Ball claims the Climate Transition Plan offers a “transparent, robust, and science-based decarbonisation plan.” The plan is inspired by the latest UN guidelines and their call for corporations to ground net-zero commitments in real emissions cuts.
The Climate Transition Plan includes three technically and economically realistic scenarios that consider some degree of uncertainty and the possibility of change along the way, with an emphasis on significant emissions reductions by 2030 and further milestones by 2050 or sooner:
- Critical emission reductions by 2030 and additional milestones by 2050 or earlier
- A 55% reduction in GHG emissions by 2030, in line with the 1.5C target
- A call to action for governments and industry to match policy developments
Ball Corporation chief sustainability officer Ramon Arratia said the Climate Transition Plan would help its customers achieve their scope three emissions targets and that collaboration between the company, its customers and suppliers would be needed to enable joint policy advocacy for high circularity.
Arratia added: “The fight to keep the 1.5° limit alive will be won or lost in this decade; Ball’s focus has been on achieving 55% reductions by 2030 with existing commercial technologies and applying best practice policies.”
The report details how Ball is aligning its commitments with action, which includes its leading efforts to mobilise the industry’s value chain as a founding member of the World Economic Forum’s First Movers Coalition and advocating for policies that will accelerate decarbonisation.
Ball Corporation president and chief executive Dan Fisher said: “The details shared in our 2022 combined report and Climate Transition Plan demonstrate our commitment to driving innovation and operational excellence across our global aluminium packaging and aerospace businesses. With sustainability as our continued focus, we have a bright future ahead.”
Ball reported that its global beverage can shipments, excluding those in Russia, grew 5.7% in the third quarter (Q3) of fiscal 2022 (FY22).