Ball Corporation Announces Climate Transition Plan

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by KnowESG,

Ball Corporation

KnowESG_Climate transition plan
Image courtesy of https://www.centrica.com

Ball Corporation has released its Climate Transition Plan, outlining its journey towards becoming a circular and decarbonised business. The plan aims to enable the company to enhance its service to stakeholders and offer solutions that are beneficial to the planet.

Along with Ball's 2022 Combined Report, the company has released the plan, which highlights the company's dedication to environmental, social, and economic sustainability. Additionally, it tracks the progress the company has made toward achieving its 2030 product stewardship and social impact goals.

"As a global company with a 143-year history, Ball has the expertise and resources required to navigate uncertainty and deliver ongoing value for our employees, customers, communities, and shareholders," said Dan Fisher, president and CEO of Ball Corporation. "The details shared in our 2022 combined report and Climate Transition Plan demonstrate our commitment to driving innovation and operational excellence across our global aluminium packaging and aerospace businesses. With sustainability as our continued focus, we have a bright future ahead."

Ball's Climate Transition Plan is founded on the latest UN guidelines, which call for companies to base their net-zero commitments on actual emissions cuts and provide a transparent, resilient, and science-backed decarbonisation roadmap.

The plan targets significant emission reductions by 2030 as well as additional milestones to be achieved by 2050 or earlier and includes three technically feasible and economically viable scenarios that account for potential changes and uncertainties along the way.

The plan also outlines how Ball is aligning its commitments with actions, including its leadership efforts in mobilising the industry's value chain as a founding member of the World Economic Forum's First Movers Coalition and advocating for policies that will hasten decarbonisation.

"The fight to keep the 1.5-degree limit alive will be won or lost in this decade, so our focus has been on achieving 55% reductions by 2030 with existing commercial technologies and applying best practice policies," said Ramon Arratia, Chief Sustainability Officer of Ball Corporation. "Ball's Climate Transition Plan will help our customers achieve their scope 3 emissions targets. Strong collaboration with customers and suppliers across the value chain will be needed, as well as joint policy advocacy for high circularity."

The 2022 Combined Report showcases Ball's enduring dedication to fostering innovation, improving operational efficiency, and placing its people and culture at the core of its accomplishments.

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Source: Ball Corporation

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