Ball Corporation releases climate transition plan and 2022 Annual combined financial & sustainability report

• The Climate Transition Plan outlines near-term actions, value chain collaboration, and joint advocacy to drive circularity and decarbonization

• As part of the Plan, Ball Corporation has updated and expanded its 2030 climate goals

• The science-based milestones to achieve a 55% reduction in absolute GHG emissions by 2030 cover all three scopes of emissions

• Ball Corporation generated 87% (or £11,076 billion) of our revenue from the sale of products that are manufactured with recycled materials

• More than 108 billion aluminum beverage cans were shipped worldwide in 2022

BALL Corporation has released its new Climate Transition Plan, which outlines the company’s pathway and evolution into a fully circular and decarbonized business.

This allows Ball to better serve its stakeholders and deliver solutions that benefit the planet.

The plan was released alongside Ball’s 2022 Combined Report, which details the company’s commitment to environmental, social, and economic sustainability, as well as progress against its 2030 product stewardship and social impact goals.

Ball’s Climate Transition Plan offers a transparent, robust, and science-based decarbonization 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 mobilize 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 decarbonization.

Dan Fisher, president, and chief executive officer, Ball Corporation, said, “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.”

“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.”

Ramon Arratia, chief sustainability officer, Ball Corporation, said, “Ball’s Climate Transition Plan will help our customers achieve their scope three emissions targets. Strong collaboration with our customers and suppliers across the value chain will be needed, as well as joint policy advocacy for high circularity.”

“The fight to keep the 1.5-degree limit alive will be won or lost in this decade; Ball's focus has been on achieving 55% reductions by 2030 with existing commercial technologies and applying best practice policies.”

The 2022 Combined Report demonstrates Ball’s long-term commitment to driving innovation, increasing operational efficiency, and prioritizing its people and culture as foundational components to its success.