ZURICH, Sept. 26,
2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a
global leader in developing and producing responsible packaging
solutions, announced today that its long-term carbon reduction
targets have been approved by the Science Based Targets initiative
(SBTi).
Amcor's long-term goal is to achieve net-zero greenhouse gas
emissions across its value chain by 2050. This commitment includes
significant absolute reductions of scope 1, 2, and 3 greenhouse gas
(GHG) emissions across various areas, including purchased goods and
services, energy-related activities, upstream transportation, waste
management, and end-of-life treatment of sold products, by fiscal
year 2050, using fiscal year 2022 as a base year.
The net-zero target approval complements the company's near-term
emission reduction targets, confirmed in early 2024, which align
with a 1.5-degree Celsius trajectory. The near-term targets aim for
a 54.6% reduction in absolute Scope 1 and 2 greenhouse gas
emissions and a 32.5% reduction in Scope 3 emissions by fiscal year
2033.
"We are delighted that our long-term targets have now also been
validated, following the approval of our near-term targets earlier
this year. These targets are an integral component of our
sustainability strategy and reflect our commitment to delivering
packaging that safeguards products, minimizes environmental impact
and supports our customers in their decarbonization ambitions,"
said Amcor Chief Sustainability Officer David Clark.
For more detailed information on Amcor's near-term and long-term
targets, please visit the SBTi webpage.
To learn about Amcor's decarbonization roadmap to net-zero
greenhouse gas emissions, click 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
About the Science Based Targets initiative
The Science Based Targets initiative (SBTi) is a global body
enabling businesses to set ambitious emissions reductions targets
in line with the latest climate science. It is focused on
accelerating companies across the world to halve emissions before
2030 and achieve net-zero emissions before 2050.
The initiative is a collaboration between CDP, the United
Nations Global Compact, World Resources Institute (WRI) and the
World Wide Fund for Nature (WWF) and one of the WeMean Business
Coalition commitments. The SBTi defines and promotes best practice
in science-based target setting, offers resources and guidance to
reduce barriers to adoption, and independently assesses and
approves companies' targets.
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SOURCE Amcor
