Amcor, the Zurich-based packaging solutions company, said in its latest sustainability report that its commitments to sustainability have achieved results and are ongoing.
According to the report, “The Future of Packaging in Here,” the company achieved a 10 percent reduction in greenhouse gas emissions from FY 22 to FY 23, with 22 Amcor sites achieving 100 percent renewable energy use. Additionally, the company said, it has achieved a 46 percent reduction in waste when comparing FY 23 to its FY 19 baseline.
“Amcor recognized years ago that our commitment to shaping the future of packaging required rethinking our present and taking meaningful action,” said Amcor CEO Ron Delia. “We are integrating sustainability and innovation into our business and it goes beyond just imagining more sustainable packaging solutions – we are bringing them to life.”
The company said it will continue to invest in sustainability, noting that it invests approximately $100 million in research and development into innovative solutions to help customers meet their sustainability goals each year. By the end of FY23, the company said, its global portfolio of recycled, reusable or compostable products reached 90 percent, well on the company’s goal of 100 percent by 2025. When catalogued by segment, 89 percent of its flexible packaging portfolio is recycle-ready, and 95 percent of its rigid packaging is recyclable. The company said it had increased the amount of recycled material it used in it products by almost 30 percent.
“Sustainability is the driving force in how we approach packaging and think about the future,” David Clark, vice president, Sustainability at Amcor, said. “Amcor’s commitment to a more sustainable future is made possible through our talented teams, our investments in product development and the strategic partnerships with our value chain partners, investors and customers. Together, we are getting closer to a circular economy.”