RECYCLING GROWTH FOR GLASS PACKAGING AMONG KEY INDICATORS HIGHLIGHTED IN O-I 2023 SUSTAINABILITY REPORT
June 15 2023 - 4:15PM
O-I Glass, Inc. (“O-I Glass” or “O-I”) announced today that
it has published its 2023 Sustainability Report. The content
illustrates O-I's continued advancement toward its ambitious
sustainability goals. The report charts significant progress
in the Company’s focus on building strong glass recycling
ecosystems around the communities where it operates. O-I has made
targeted investments to establish scalable glass recycling
solutions while improving the environmental impact of glass
packaging and promoting circularity.
By the end of 2022,
about 25 collection sites were established through Glass4Good™
programs, generating nearly $20,000 in donations to the United Way.
O-I has created more than 50 closed-loop glass recycling programs
with global customers that have retained more than 100,000 tons of
glass in the circular economy. O-I has achieved access to glass
recycling in 96 percent of the communities where it operates,
inching closer to its goal of 100 percent.
“Sustainability
requires collaboration and a shared vision across the value chain,”
said Randy Burns, Chief Sustainability and Corporate Affairs
Officer for O-I. “While we believe glass packaging is already the
most sustainable choice, sustainability is about more than what we
make. It is about how we make it.”
In pursuit of its
vision to be the most innovative, sustainable, and chosen supplier
of brand building packaging solutions, the company’s climate
strategy leverages sourcing renewable energy, increasing recycled
content, becoming more energy efficient, and leveraging new furnace
technologies. The combination of these levers has resulted in a
nearly 18 percent reduction in scope 1 & 2 emissions from the
2017 base year and a 5 percent decline since 2021.
“O-I continues to
innovate and transform the glass packaging industry for a more
sustainable future,” said Andres Lopez, CEO of O-I. “Our success in
leading sustainable advancement for the industry has been the
result of reimagining and reinventing the model for glass packaging
while building a strong, resilient organization designed for the
future.”
The 2023
Sustainability Report is available for download on the O-I website
at: http://o-i.com/sustainability.
###
ABOUT O-I
At O-I Glass, Inc. (NYSE: OI), we love glass
and we’re proud to be one of the leading producers of glass bottles
and jars around the globe. Glass is not only beautiful, it’s also
pure, healthy and completely recyclable, making it the most
sustainable rigid packaging material. Headquartered in Perrysburg,
Ohio (USA), O-I is the preferred partner for many of the world’s
leading food and beverage brands. We innovate in line with
customers’ needs to create iconic packaging that builds brands
around the world. Led by our diverse team of approximately 24,000
people across 69 plants in 19 countries, O-I achieved revenues of
$6.9 billion in 2022. Learn more about us: o-i.com
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Forward-Looking
Statement
This press release contains
“forward-looking” statements related to the Company within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and Section 27A of the Securities Act of 1933, as amended.
Forward-looking statements reflect the Company’s current
expectations and projections about future events, including
regarding O-I’s sustainability vision, goals, plans and actions to
be taken by the Company, at the time, and thus involve uncertainty
and risk. The words “continue,” “believe,” “expect,” “will,”
“plan,” and the negatives of these words and other similar
expressions generally identify forward-looking
statements.
It is possible that the Company’s
future performance may differ from expectations due to a variety of
factors including, but not limited to the following: (1) the
general political, economic and competitive conditions in markets
and countries where the Company has operations, including
uncertainties related to economic and social conditions,
disruptions in the supply chain, competitive pricing pressures,
inflation or deflation, changes in tax rates and laws, war, civil
disturbance or acts of terrorism, natural disasters, and weather,
(2) cost and availability of raw materials, labor, energy and
transportation (including impacts related to the current conflict
between Russia and Ukraine and disruptions in supply of raw
materials caused by transportation delays), (3) competitive
pressures, consumer preferences for alternative forms of packaging
or consolidation among competitors and customers, (4) the Company’s
ability to improve its glass melting technology, known as the MAGMA
program, and implement it within the timeframe expected, (5)
unanticipated operational disruptions, including higher capital
spending, (6) unanticipated expenditures with respect to data
privacy, environmental, safety and health laws, (7) risks related
to recycling and recycled content laws and regulations, (8) risks
related to climate-change and air emissions, including related laws
or regulations and increased environmental, social and governance
scrutiny and changing expectations from stakeholders and the other
risk factors discussed in the Company's filings with the Securities
and Exchange Commission.
The Company undertakes no obligation
to publicly update any forward-looking statement, whether as a
result of new information, future events or otherwise.
Forward-looking statements are not a guarantee of future
performance and actual results, or developments may differ
materially from expectations.
CONTACT:
James Woods
PR Lead
James.Woods@o-i.com
724-732-5748
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