Ball Corporation emerges as a beacon of green innovation in the diverse landscape of sustainable packaging solutions. Their 2023 annual financial and sustainability report unveils a strategic shift towards renewable energy and recycled content, propelling the company into a leadership role within the aluminium packaging sector.
Ball Corporation’s commitment to sustainability is evident in its concerted efforts towards renewable energy adoption and recycled content integration. With renewable sources contributing to over half of its global electricity usage, including a full transition at US beverage packaging plants, Ball has achieved a noteworthy 50% reduction in the global scope of two greenhouse gas emissions compared to the preceding year.
Recycled content advancements
Noteworthy progress has been made in collaboration with suppliers to augment recycled content in products, culminating in a global beverage packaging average of 70% recycled content—a 4% increase from the prior year. These endeavours have yielded a commendable 29% reduction in Ball’s absolute greenhouse gas emissions across scopes 1-3.
Aluminium Stewardship Initiative involvement
By fostering partnerships with suppliers, Ball Corporation has ensured that all rolling mill suppliers are now members of the Aluminium Stewardship Initiative (ASI), with 21% of procured metal being ASI-certified by the close of 2023.
Financial performance
In tandem with its sustainability achievements, Ball Corporation has delivered robust financial performance. Net sales soared to $15.34 billion, inclusive of its aerospace business, which was divested for approximately $5.6 billion. Net earnings, while marginally lower at $707 million compared to the previous year, underscore Ball’s strategic focus on sustainability-driven operations.
CEO perspective
Dan Fisher, Ball Corporation’s chair and CEO, emphasises the packaging firm’s commitment to sustainability and operational excellence. He asserted: “Following the divestment of our aerospace business, this past year presented an opportunity for us to clearly declare who we are as a focused aluminium packaging sustainability leader with an expansive product portfolio.”
“We embark on our next chapter with vigour and a relentless focus on delivering value by leveraging the full extent of our manufacturing expertise, winning operationally by prioritising efficiency, and forging lasting customer relationships by actively listening to our customers’ needs and partnering with them to make a difference,” Dan added.
Ball Corporation’s 2023 sustainability report focuses on the company’s fundamental role in shaping the future of sustainable packaging solutions. By prioritising renewable energy adoption, increasing recycled content, and fostering partnerships aligned with the Aluminium Stewardship Initiative, Ball continues to set the standard for excellence in the aluminium industry while driving positive environmental impact.
If the packaging industry is where your interest lies, please take a glance at AL Circle’s special report documenting the genre, Aluminium Foil and its End Uses.
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