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Amcor publishes Decarbonization Roadmap

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Amcor (NYSE: AMCR, ASX:AMC), a global leader in responsible packaging solutions, has published its Decarbonization Roadmap to reduce greenhouse gas emissions. The roadmap, aligned with the Science-Based Targets initiative (SBTi), focuses on five key areas: product redesign, increased use of recycled content, transition to renewable electricity, supply chain collaboration, and operational efficiency enhancements.

In fiscal year 2023, Amcor achieved significant progress, with 22 sites reaching 100% renewable electricity use and a 10.2% reduction in absolute GHG emissions compared to FY22. The company also increased its renewable electricity use by 244% year-over-year. This roadmap demonstrates Amcor's ongoing commitment to sustainability and climate mitigation efforts.

Amcor (NYSE: AMCR, ASX: AMC), un leader globale nelle soluzioni di imballaggio responsabili, ha pubblicato la sua Roadmap per la Decarbonizzazione per ridurre le emissioni di gas serra. La roadmap, allineata con l'iniziativa Science-Based Targets (SBTi), si concentra su cinque aree chiave: redesign del prodotto, aumento dell'uso di contenuti riciclati, transizione verso l'elettricità rinnovabile, collaborazione nella catena di approvvigionamento e miglioramenti dell'efficienza operativa.

Nell'anno fiscale 2023, Amcor ha raggiunto progressi significativi, con 22 sedi che hanno raggiunto il 100% di utilizzo di elettricità rinnovabile e una riduzione del 10,2% delle emissioni GHG assolute rispetto all'anno fiscale 2022. L'azienda ha anche aumentato il proprio uso di elettricità rinnovabile del 244% su base annua. Questa roadmap dimostra l'impegno continuo di Amcor verso la sostenibilità e gli sforzi per la mitigazione del clima.

Amcor (NYSE: AMCR, ASX: AMC), un líder global en soluciones de embalaje responsables, ha publicado su Hoja de Ruta para la Descarbonización para reducir las emisiones de gases de efecto invernadero. La hoja de ruta, alineada con la iniciativa Science-Based Targets (SBTi), se centra en cinco áreas clave: rediseño del producto, mayor uso de contenido reciclado, transición a electricidad renovable, colaboración en la cadena de suministro y mejoras en la eficiencia operativa.

En el año fiscal 2023, Amcor logró avanzar significativamente, con 22 sitios alcanzando un 100% de uso de electricidad renovable y una reducción del 10,2% en las emisiones absolutas de GHG en comparación con el año fiscal 2022. La empresa también aumentó su uso de electricidad renovable en un 244% en comparación con el año anterior. Esta hoja de ruta demuestra el compromiso continuo de Amcor con la sostenibilidad y los esfuerzos de mitigación del clima.

Amcor (NYSE: AMCR, ASX: AMC), 책임 있는 포장 솔루션의 글로벌 리더, 온실가스 배출을 줄이기 위한 탈탄소화 로드맵을 발표했습니다. 이 로드맵은 과학 기반 목표 이니셔티브(SBTi)와 일치하며, 제품 재설계, 재활용 소재 사용 증가, 재생 가능 전기로의 전환, 공급망 협력, 그리고 운영 효율성 향상이라는 다섯 가지 주요 분야에 중점을 둡니다.

2023 회계연도에 Amcor는 22개 사이트가 100% 재생 가능 전기를 사용하게 되었고, FY22 대비 온실가스 배출의 절대량을 10.2% 감소시키는 중요한 진전을 이뤘습니다. 또한, 재생 가능 전기 사용이 지난해 대비 244% 증가했습니다. 이 로드맵은 Amcor의 지속 가능성과 기후 완화 노력에 대한 지속적인 의지를 보여줍니다.

Amcor (NYSE: AMCR, ASX: AMC), un leader mondial des solutions d'emballage responsables, a publié sa feuille de route pour la décarbonisation afin de réduire les émissions de gaz à effet de serre. Cette feuille de route, alignée avec l'initiative Science-Based Targets (SBTi), se concentre sur cinq domaines clés : la refonte des produits, l'augmentation de l'utilisation de contenu recyclé, la transition vers l'électricité renouvelable, la collaboration au sein de la chaîne d'approvisionnement et les améliorations de l'efficacité opérationnelle.

Au cours de l'exercice 2023, Amcor a réalisé des progrès significatifs, avec 22 sites atteignant 100 % d'utilisation d'électricité renouvelable et une réduction de 10,2 % des émissions de GES absolues par rapport à l'exercice 2022. L'entreprise a également augmenté son utilisation d'électricité renouvelable de 244 % d'une année sur l'autre. Cette feuille de route démontre l'engagement continu d'Amcor envers la durabilité et les efforts de mitigation climatique.

Amcor (NYSE: AMCR, ASX: AMC), ein globaler Marktführer in verantwortungsvollen Verpackungslösungen, hat seinen Dekarbonisierungsfahrplan veröffentlicht, um die Treibhausgasemissionen zu reduzieren. Der Fahrplan, der mit der Initiative Science-Based Targets (SBTi) in Einklang steht, konzentriert sich auf fünf Schlüsselbereiche: Produktneugestaltung, erhöhte Nutzung von recyceltem Material, Umstellung auf erneuerbare Elektrizität, Zusammenarbeit in der Lieferkette und Effizienzsteigerungen im Betrieb.

Im Geschäftsjahr 2023 erzielte Amcor erhebliche Fortschritte, wobei 22 Standorte 100% erneuerbare Elektrizität nutzen und eine Reduzierung der absoluten THG-Emissionen um 10,2% im Vergleich zum Geschäftsjahr 2022 verzeichnet wurde. Das Unternehmen erhöhte auch die Nutzung erneuerbarer Elektrizität um 244% im Jahresvergleich. Dieser Fahrplan zeigt Amcors fortwährende Verpflichtung zu Nachhaltigkeit und Klimaschutzmaßnahmen.

Positive
  • 22 Amcor sites achieved 100% renewable electricity use in FY23
  • 10.2% reduction in absolute GHG emissions in FY23 compared to FY22
  • 244% increase in renewable electricity use compared to FY22
  • Decarbonization targets aligned with Science-Based Targets initiative (SBTi)
Negative
  • None.

Insights

Amcor's Decarbonization Roadmap marks a significant step towards environmental responsibility in the packaging industry. The company's commitment to science-based targets aligning with the 1.5°C scenario demonstrates a proactive approach to climate change mitigation. The "4 + 1" focus areas provide a comprehensive strategy addressing key aspects of their carbon footprint.

Particularly noteworthy is the 244% increase in renewable electricity use from FY22 to FY23, showcasing rapid progress. The 10.2% reduction in absolute GHG emissions is also commendable. However, investors should monitor the potential costs associated with these initiatives and their impact on profitability. The roadmap's success will largely depend on Amcor's ability to innovate while maintaining competitiveness in a price-sensitive market.

Amcor's Decarbonization Roadmap could have mixed financial implications. On the positive side, it may lead to improved operational efficiency and cost savings through energy optimization and waste reduction. The focus on product redesign could also drive innovation, potentially opening new market opportunities.

However, investors should be aware of the potential short-term costs associated with implementing these initiatives, such as investments in new technologies and processes. The impact on profit margins will be important to monitor. Long-term, this strategy could enhance Amcor's competitive position and appeal to environmentally conscious customers and investors, potentially leading to increased market share and brand value. The key will be balancing sustainability goals with financial performance.

Amcor's Decarbonization Roadmap aligns with growing consumer demand for sustainable packaging. This initiative could strengthen Amcor's market position, particularly among environmentally conscious brands and consumers. The focus on recycled content and product redesign is likely to resonate well with market trends.

However, the success of this strategy depends on Amcor's ability to maintain product quality and performance while reducing its carbon footprint. Competitors are also moving in this direction, so Amcor will need to differentiate its offerings. The supply chain collaboration aspect is crucial, as it could lead to more stable and sustainable sourcing, potentially mitigating future supply chain risks. Investors should watch for market share changes and new contract wins as indicators of the strategy's effectiveness.

ZURICH, Aug. 20, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX:AMC), a global leader in developing and producing responsible packaging solutions, announced the publication of its Decarbonization Roadmap to reduce greenhouse gas (GHG) emissions. Amcor's targets are aligned with the latest climate science aiming to limit global temperature rise to 1.5 degrees Celsius and validated by the Science-Based Targets initiative (SBTi).

Amcor's Decarbonization Roadmap features "4 + 1" focus areas:

  1. Product redesign: Innovating Amcor's product designs to lower their carbon footprint.
  2. Recycled content: Increasing the use of recycled materials in Amcor's packaging solutions.
  3. Renewable electricity: Transitioning to renewable sources to power its operations.
  4. Supply chain collaboration: Partnering closely with suppliers to ensure they meet high sustainability standards and align with Amcor's decarbonization targets.

The "+1" area focuses on enhancing operational efficiency through actions such as improving water and waste management, boosting energy efficiency and upgrading equipment.

"Sustainability is a constant motivation for everyone at Amcor – we want the environment to be better off because of our leadership and products. We have been successfully reducing our carbon footprint for years and this Decarbonization Roadmap will help us and our partners make faster and longer-lasting progress," said Peter Konieczny, Amcor Interim Chief Executive Officer.

The publication of the Decarbonization Roadmap serves as another tangible expression of Amcor's commitment to sustainability and climate mitigation.

Amcor has been tracking and reporting on the environmental impacts of our operations since 2008. In fiscal year 2023 (FY23), 22 Amcor sites achieved 100% renewable electricity use and a 10.2% reduction in absolute GHG emissions compared to FY22. In addition, it increased its renewable electricity use by 244% compared to FY22.

Access the full Decarbonization Roadmap here.

About Amcor

Amcor is a global leader in developing and producing responsible packaging solutions across a variety of materials for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor works with leading companies around the world to protect products, differentiate brands, and improve supply chains. The company offers a range of innovative, differentiating flexible and rigid packaging, specialty cartons, closures and services. The company is focused on making packaging that is increasingly recyclable, reusable, lighter weight and made using an increasing amount of recycled content. In fiscal year 2024, 41,000 Amcor people generated $13.6 billion in annual sales from operations that span 212 locations in 40 countries.  NYSE: AMCR; ASX: AMC

www.amcor.com  I  LinkedIn  I  YouTube

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SOURCE Amcor

FAQ

What are the main focus areas of Amcor's Decarbonization Roadmap?

Amcor's Decarbonization Roadmap features '4 + 1' focus areas: product redesign, increased use of recycled content, transition to renewable electricity, supply chain collaboration, and operational efficiency enhancements.

How much did Amcor (AMCR) reduce its greenhouse gas emissions in fiscal year 2023?

Amcor achieved a 10.2% reduction in absolute greenhouse gas emissions in fiscal year 2023 compared to the previous year.

What percentage increase did Amcor (AMCR) see in renewable electricity use in FY23?

Amcor increased its renewable electricity use by 244% in fiscal year 2023 compared to fiscal year 2022.

How many Amcor sites achieved 100% renewable electricity use in fiscal year 2023?

In fiscal year 2023, 22 Amcor sites achieved 100% renewable electricity use.

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