Amcor released 2024 Sustainability Report highlighting key achievements and progress

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Amcor (NYSE: AMCR; ASX: AMC) released its 2024 Sustainability Report, showcasing significant achievements and progress. Key highlights include:

• Safest year on record
• 94% of flexible packaging portfolio has recycle-ready solutions
• 95% of rigid packaging is recyclable in practice and at scale
• Surpassed 10% post-consumer recycled plastic goal one year early
• Purchased over 254,000 metric tons of recycled material
• 9% reduction in absolute greenhouse gas emissions compared to FY23
• 14% of electricity used was renewable, a 64% increase from previous year

Amcor's short-term and net-zero targets have been approved by the Science Based Targets initiative. The company published a Decarbonization Roadmap outlining its approach to reach net-zero by 2050. Amcor emphasizes the need for consumer participation and infrastructure development to achieve true circularity in packaging.

ZURICH, Oct. 18, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR; ASX: AMC), a global leader in developing and producing responsible packaging solutions, released today its 2024 Sustainability Report. The report shows significant achievements and continued progress in the company's sustainability aspirations.

In addition to having its safest year ever, more than 94% of Amcor's flexible packaging portfolio by area had a recycle-ready solution available, and 95% of rigid packaging by weight was recyclable in practice and at scale. Amcor also surpassed its goal of including 10% post-consumer recycled plastic one year ahead of schedule and purchased more than 254,000 metric tons of recycled material for its solutions.

Amcor Chief Executive Officer Peter Konieczny said, "Amcor has led the way in making incredible progress designing our products to be recyclable and more efficient, but design alone is not enough. Society needs consumer participation and infrastructure development to make circularity real—to make sure used packaging is not left in nature but recycled to become new packaging. Sustainability is at the heart of our company and drives a sense of purpose, inspiration and energy in everything we do."

Amcor's short-term and net-zero targets have been approved by the Science Based Targets initiative and the company published a Decarbonization Roadmap to share its approach to reach net-zero by 2050. In addition, the company achieved a 9% reduction in absolute greenhouse gas emissions compared to FY23. 14% of the electricity used was renewable, which represents a 64% increase compared to the previous year.

Amcor Chief Sustainability Officer David Clark added, "Amcor is committed to leading the packaging industry toward a circular society. We are ramping up our efforts in advocating for consistent and effective regulations, encouraging infrastructure development, and educating both customers and consumers. We can all contribute to a more sustainable future."

Read Amcor's 2024 Sustainability Report and discover more sustainable packaging solutions on Amcor.com.

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 key achievements in Amcor's 2024 Sustainability Report?

Amcor's 2024 Sustainability Report highlights several key achievements, including its safest year on record, 94% of flexible packaging with recycle-ready solutions, 95% of rigid packaging being recyclable, surpassing the 10% post-consumer recycled plastic goal ahead of schedule, and a 9% reduction in absolute greenhouse gas emissions compared to FY23.

How much recycled material did Amcor (AMCR) purchase for its solutions in 2024?

According to the 2024 Sustainability Report, Amcor purchased more than 254,000 metric tons of recycled material for its packaging solutions.

What percentage of Amcor's electricity usage was renewable in 2024?

Amcor's 2024 Sustainability Report states that 14% of the electricity used was renewable, representing a 64% increase compared to the previous year.

Has Amcor (AMCR) set any science-based targets for sustainability?

Yes, Amcor's short-term and net-zero targets have been approved by the Science Based Targets initiative. The company has also published a Decarbonization Roadmap outlining its approach to reach net-zero by 2050.

What is Amcor's stance on achieving circularity in packaging?

Amcor emphasizes that design alone is not enough for circularity. The company stresses the need for consumer participation and infrastructure development to ensure used packaging is recycled and becomes new packaging, rather than being left in nature.