BROOMFIELD, Colo., April 21, 2020 /PRNewswire/ -- Ball Corporation
(NYSE: BLL) today announced the Science Based Targets initiative's
(SBTi) approval of its targets to reduce absolute carbon emissions
within its own operations by 55 percent and within its value chain
by 16 percent by 2030 against a 2017 baseline.
This milestone affirms Ball's industry-leading efforts to help
accelerate the transition to a low carbon economy and limit global
warming to 1.5 degrees Celsius, supporting the goals of the Paris
Agreement. Ball is the first in the can making industry with an
approved science based target.
"The private sector has a vital role to play in accelerating a
low carbon economy and, as the world's leading supplier of
sustainable aluminum beverage packaging, we are dedicated to doing
our part for our customers and the planet," said Kathleen Pitre, Chief Commercial and
Sustainability Officer. "These approved science-based targets
demonstrate our commitment to help our customers reach their
sustainability goals and deliver lower carbon packaging that
enables a circular economy."
Organized by CDP, the United Nations Global Compact, the World
Resources Institute and the World Wide Fund for Nature, the Science
Based Targets initiative is a collaboration of more than 800 global
companies that have set clearly-defined corporate emission
reduction goals aligned with the latest climate science.
The approved science-based targets are the next step in Ball's
progressing climate strategy. Over the last year, Ball has signed
renewable energy agreements to address 100 percent of its North
American energy use, achieved a global first for can
manufacturers by earning the Aluminium Stewardship Initiative
Certification for all 23 of its EMEA plants, and earned its place
on the Dow Jones Sustainability Indices for the seventh consecutive
year. This year, Ball will announce additional renewable energy
agreements in the EU and launch its comparative life-cycle
assessment for the United States,
Europe and Brazil with the goal of helping the beverage
industry move toward a truly circular economy.
For more information about Ball's ongoing sustainability
efforts, please visit www.ball.com/sustainability.
About Ball Corporation
Ball Corporation supplies innovative, sustainable aluminum
packaging solutions for beverage, personal care and household
products customers, as well as aerospace and other technologies and
services primarily for the U.S. government. Ball Corporation and
its subsidiaries employ more than 18,300 people worldwide and
reported 2019 net sales of $11.5
billion. For more information, visit www.ball.com, or
connect with us on Facebook or Twitter.
Forward-Looking Statements
This release contains "forward-looking" statements concerning
future events and financial performance. Words such as "expects,"
"anticipates," "estimates," "believes," "targets," "likely,"
"positions" and similar expressions typically identify
forward-looking statements, which are generally any statements
other than statements of historical fact. Such statements are based
on current expectations or views of the future and are subject to
risks and uncertainties, which could cause actual results or events
to differ materially from those expressed or implied. You should
therefore not place undue reliance upon any forward-looking
statements and any such statements should be read in conjunction
with, and, qualified in their entirety by, the cautionary
statements referenced below. The company undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Key factors, risks and uncertainties that could cause actual
outcomes and results to be different are summarized in filings with
the Securities and Exchange Commission, including Exhibit 99 in our
Form 10-K, which are available on our website and at www.sec.gov.
Additional factors that might affect: a) our packaging segments
include product capacity, supply, and demand constraints and
fluctuations; availability/cost of raw materials and logistics;
competitive packaging, pricing and substitution; changes in climate
and weather; footprint adjustments and other manufacturing changes,
including the startup of new facilities and lines; failure to
achieve synergies, productivity improvements or cost reductions;
mandatory deposit or other restrictive packaging laws; customer and
supplier consolidation; power and supply chain interruptions,
including due to virus and disease outbreaks; potential delays and
tariffs related to the U.K's departure from the EU; changes in
major customer or supplier contracts or a loss of a major customer
or supplier; political instability and sanctions; currency
controls; changes in foreign exchange or tax rates; and tariffs,
trade actions, or other governmental actions, including business
restrictions and shelter-in-place orders in any country affecting
goods produced by us or in our supply chain, including imported raw
materials, such as those related to COVID-19 and those pursuant to
Section 232 of the U.S. Trade Expansion Act of 1962 or Section 301
of Trade Act of 1974; b) our aerospace segment include funding,
authorization, availability and returns of government and
commercial contracts; and delays, extensions and technical
uncertainties affecting segment contracts; c) the company as a
whole include those listed plus: the extent to which
sustainability-related opportunities arise and can be capitalized
upon; changes in senior management, succession, and the ability to
attract and retain skilled labor; regulatory action or issues
including tax, environmental, health and workplace safety,
including U.S. FDA and other actions or public concerns affecting
products filled in our containers, or chemicals or substances used
in raw materials or in the manufacturing process; technological
developments and innovations; the ability to manage cyber threats
and the success of information technology initiatives; litigation;
strikes; disease; pandemic; labor cost changes; rates of return on
assets of the company's defined benefit retirement plans; pension
changes; uncertainties surrounding geopolitical events and
governmental policies both in the U.S. and in other countries,
including policies, orders and actions related to COVID-19, the
U.S. government elections, budget, sequestration and debt limit;
reduced cash flow; interest rates affecting our debt; and
successful or unsuccessful joint ventures, acquisitions and
divestitures, and their effects on our operating results and
business generally.
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SOURCE Ball Corporation