Ardagh signs commitment letter to Science-Based Targets initiative (SBTi)

Rhea-AI Summary

On Sept. 21, 2020, Ardagh announced its commitment to the Science-Based Targets initiative (SBTi), aiming to set measurable targets for reducing greenhouse gas emissions in line with the Paris Agreement. The initiative will drive Ardagh's sustainability efforts towards achieving carbon neutrality by 2050. Chief Sustainability Officer John Sadlier emphasized the company's dedication to sustainability, stating that the SBTi commitment is a pivotal step in their pursuit of a sustainable future. Ardagh operates 56 facilities across 12 countries, generating approximately $7 billion in global sales.

Positive

• Commitment to SBTi aligns with global climate goals.
• Focus on carbon neutrality by 2050 supports sustainable practices.
• Enhancement of company reputation through sustainability efforts.

Negative

• No immediate financial metrics or projections provided related to the sustainability initiative.

LUXEMBOURG, Sept. 21, 2020 /PRNewswire/ -- Ardagh has committed to set science-based targets through the Science-Based Targets initiative, a project that aims to encourage corporate climate action for a low-carbon economy. By committing to the initiative, Ardagh will set specific goals for reducing greenhouse gas (GHG) emissions in alignment with the Paris Agreement 2015, where governments mutually pledged to limit the global temperature increase to 1.5 degrees Celsius.

To prepare for setting these ambitious new targets, Ardagh's Chief Sustainability Officer, John Sadlier, has signed the commitment letter confirming Ardagh will develop new goals to be reviewed and approved by the SBTi committee. This underlines Ardagh's dedication towards significantly reducing its carbon emissions and accelerating the implementation of future-oriented technology with the aim of achieving the European Union's goal for carbon neutrality by 2050.

"Ardagh's commitment to the SBTi demonstrates our continued dedication to sustainability," said John Sadlier. "Striving to achieve science-based targets is a natural next step for us on our journey to create a more sustainable world for future generations."

For more on Ardagh's sustainability journey please visit ardaghgroup.com/sustainability 

Notes to the editor 

Ardagh Group is a global supplier of infinitely recyclable, metal and glass packaging for the world's leading brands. Ardagh operates 56 metal and glass production facilities in 12 countries, employing over 16,000 people with global sales of approximately $7bn.

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SOURCE Ardagh Group S.A.

FAQ

What is Ardagh's commitment to the Science-Based Targets initiative?

Ardagh has committed to set science-based targets to reduce greenhouse gas emissions as part of the Science-Based Targets initiative.

When did Ardagh announce its commitment to sustainability targets?

Ardagh announced its commitment to the Science-Based Targets initiative on September 21, 2020.

What are the goals of Ardagh in relation to the Paris Agreement?

Ardagh aims to align its emissions reduction targets with the Paris Agreement to limit global temperature increases.

Who is leading Ardagh's sustainability efforts?

Chief Sustainability Officer John Sadlier is leading Ardagh's efforts toward sustainability and carbon neutrality.

What is Ardagh's global sales figure?

Ardagh has approximately $7 billion in global sales.