ZURICH, Nov. 2, 2023 /PRNewswire/ -- Amcor (NYSE:
AMCR, ASX: AMC), a global leader in developing and producing
responsible packaging solutions, today released its Fiscal Year
(FY) 2023 Sustainability Report. Entitled "The Future of Packaging
is Here," the report details how Amcor is delivering on the
ambitious, industry-leading sustainability commitments it has made
during the past decade.
"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 FY23 Amcor Sustainability Report provides tangible evidence
of that progress across multiple dimensions, including carbon
footprint reduction, innovative product design and recycled content
use.
Within its manufacturing operations, Amcor achieved a 10%
reduction in absolute greenhouse gas emissions from FY22 to FY23,
with 22 Amcor sites achieving 100% renewable electricity use. In
the area of waste, the company achieved a 46% reduction in FY23
compared to the FY19 baseline.
Every year, Amcor invests approximately USD $100 million in research and development to bring
to market innovative solutions that help customers meet their
sustainability goals. At the end of FY23, Amcor's global
portfolio of products designed to be recycled, reusable or
compostable reached 90%, with a goal of 100% by 2025. By segment,
89% of Amcor's flexible packaging portfolio has a recycle-ready
design solution available and 95% of rigid packaging by weight is
recyclable in practice. Compared to the prior year, the company
also increased by almost 30% the amount of recycled material it
purchased for its products.
Amcor made strides in broadening the availability of paper-based
packaging that is recyclable in most waste streams. Over 92% of
purchased fibers were certified to an external sourcing standard
(up from 75% in FY22), and the company launched its AmFiber™
Performance Paper in Asia,
Latin America and North America while expanding its offering in
Europe. Additionally, 100% of
packaging produced by Amcor Specialty Cartons is certified as
recyclable by Institute cyclos-HTP.
In addition, Amcor continues to expand its partnerships across
the value chain. Along with Mondelez International, Inc., Amcor
announced an investment in advanced recycling technology pioneer
Licella to construct one of the first advanced recycling facilities
in Australia. Amcor also entered
into a multi-year deal to secure access to high-performance
certified-circular material from ExxonMobil globally.
"Sustainability is the driving force in how we approach
packaging and think about the future," said David Clark, vice president, Sustainability at
Amcor. "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."
View the FY23 Amcor Sustainability Report 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 their products and the people
who rely on them, differentiate brands, and improve supply chains
through a range of flexible and rigid packaging, specialty cartons,
closures, and services. The company is focused on making packaging
that is increasingly lighter weight, recyclable and reusable, and
made using an increasing amount of recycled content. In fiscal year
2023, 41,000 Amcor people generated $14.7
billion in annual sales from operations that span 218
locations in 41 countries. NYSE: AMCR; ASX: AMC
www.amcor.com I LinkedIn I Facebook I YouTube
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