Ball Corporation has released its new Climate Transition Plan, which outlines the company's planned pathway and evolution into a fully circular and decarbonised business, allowing it to better serve its stakeholders and deliver solutions that benefit the planet, it said.
The plan was released alongside Ball's 2022 Combined Report, which details the company's stated commitment to environmental, social and economic sustainability, as well as progress against 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 aluminum packaging and aerospace businesses. With sustainability as our continued focus, we have a bright future ahead."
Ball said its Climate Transition Plan offers a transparent, robust and science-based decarbonisation plan inspired by the latest UN guidelines and its call for corporations to ground net-zero commitments in real emissions cuts.
With a focus on critical emissions reductions by 2030, and additional milestones by 2050 or earlier, the plan includes three technically feasible and economically viable scenarios that account for a degree of uncertainty and the potential for change along the journey.
It also details how Ball is aligning its commitments with action, which include its leading efforts to mobilise the industry's value chain as a founding member of the World Economic Forum's First Movers Coalition and advocating for policies that will accelerate 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 demonstrates Ball's long-term commitment to driving innovation, increasing operational efficiency and prioritising its people and culture as foundational components to its success.