RECYCLING GROWTH FOR GLASS PACKAGING AMONG KEY INDICATORS HIGHLIGHTED IN O-I 2023 SUSTAINABILITY REPORT
- O-I Glass releases 2023 Sustainability Report documenting Company’s transformative path
- Report shares current benefits of climate-change strategy and roadmap for low-carbon future
- With more than 100,000 tons of glass recycled through more than 50 customer closed-loop programs, recycling is among key drivers in 2023 Report
Perrysburg, Ohio, June 15, 2023 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I Glass” or “O-I”) announced today that it has published its 2023 Sustainability Report. The content illustrates O-I's continued advancement toward its ambitious sustainability goals. The report charts significant progress in the Company’s focus on building strong glass recycling ecosystems around the communities where it operates. O-I has made targeted investments to establish scalable glass recycling solutions while improving the environmental impact of glass packaging and promoting circularity.
By the end of 2022, about 25 collection sites were established through Glass4Good™ programs, generating nearly
“Sustainability requires collaboration and a shared vision across the value chain,” said Randy Burns, Chief Sustainability and Corporate Affairs Officer for O-I. “While we believe glass packaging is already the most sustainable choice, sustainability is about more than what we make. It is about how we make it.”
In pursuit of its vision to be the most innovative, sustainable, and chosen supplier of brand building packaging solutions, the company’s climate strategy leverages sourcing renewable energy, increasing recycled content, becoming more energy efficient, and leveraging new furnace technologies. The combination of these levers has resulted in a nearly 18 percent reduction in scope 1 & 2 emissions from the 2017 base year and a 5 percent decline since 2021.
“O-I continues to innovate and transform the glass packaging industry for a more sustainable future,” said Andres Lopez, CEO of O-I. “Our success in leading sustainable advancement for the industry has been the result of reimagining and reinventing the model for glass packaging while building a strong, resilient organization designed for the future.”
The 2023 Sustainability Report is available for download on the O-I website at: http://o-i.com/sustainability.
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ABOUT O-I
At O-I Glass, Inc. (NYSE: OI), we love glass and we’re proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it’s also pure, healthy and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 24,000 people across 69 plants in 19 countries, O-I achieved revenues of
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Forward-Looking Statement
This press release contains “forward-looking” statements related to the Company within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements reflect the Company’s current expectations and projections about future events, including regarding O-I’s sustainability vision, goals, plans and actions to be taken by the Company, at the time, and thus involve uncertainty and risk. The words “continue,” “believe,” “expect,” “will,” “plan,” and the negatives of these words and other similar expressions generally identify forward-looking statements.
It is possible that the Company’s future performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the general political, economic and competitive conditions in markets and countries where the Company has operations, including uncertainties related to economic and social conditions, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates and laws, war, civil disturbance or acts of terrorism, natural disasters, and weather, (2) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current conflict between Russia and Ukraine and disruptions in supply of raw materials caused by transportation delays), (3) competitive pressures, consumer preferences for alternative forms of packaging or consolidation among competitors and customers, (4) the Company’s ability to improve its glass melting technology, known as the MAGMA program, and implement it within the timeframe expected, (5) unanticipated operational disruptions, including higher capital spending, (6) unanticipated expenditures with respect to data privacy, environmental, safety and health laws, (7) risks related to recycling and recycled content laws and regulations, (8) risks related to climate-change and air emissions, including related laws or regulations and increased environmental, social and governance scrutiny and changing expectations from stakeholders and the other risk factors discussed in the Company's filings with the Securities and Exchange Commission.
The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Forward-looking statements are not a guarantee of future performance and actual results, or developments may differ materially from expectations.
