BROOMFIELD, Colo., July 29, 2020 /PRNewswire/ -- Ball
Corporation (NYSE: BLL) today released its seventh biennial
sustainability report, covering calendar years 2018 and 2019.
Experience the interactive Multichannel News Release here:
https://www.multivu.com/players/English/8651051-ball-corporation-2020-sustainability-report/
"Ball's commitment to sustainability is driving transformational
change throughout our company and industry," said John A. Hayes, chairman, president and CEO of
Ball. "We are dedicated to ensuring that our business operations
and products are sustainable for the long term, from an
environmental, social and economic perspective. We are excited to
report on our progress and share our broader vision for continuing
to advance the circular economy in both our business and the wider
industry."
The report details several significant milestones Ball has
achieved by enhancing the environmental sustainability profile of
its products and operations, including the approval of ambitious
science-based greenhouse gas emissions reduction targets,
substantial renewable energy deals in North America and Europe, greater responsible sourcing assurance
through its ASI Certification in EMEA, and the introduction of its
award-winning and infinitely recyclable Ball Aluminum Cup™.
In addition to reporting detailed progress toward the company's
2020 sustainability goals, Ball outlines its role in driving the
transition to a real circular economy and includes a framework for
how the industry can achieve an ambitious circular model. This
framework calls for 100% collection, extended producer
responsibility and improved sorting infrastructure. Additionally,
to track its own progress toward circularity and advance circular
thinking in the beverage industry, Ball introduced a new
peer-reviewed, comparative life cycle assessment (LCA) of the most
popular beverage packaging materials. Among other findings, the
study revealed that real recycling is a key factor when it comes to
the environmental impacts and circularity of all packaging substrates.
"Sustainability is fundamental to our commercial growth," said
Kathleen Pitre, Ball's chief
commercial and sustainability officer. "As the packaging waste
crisis mounts, our customers and consumers recognize that we must
urgently shift to a truly circular economy. Ball is providing both
a sustainable real-world solution to the challenges our customers
are facing with our infinitely recyclable
aluminum beverage packaging, and a roadmap for the
industry and beyond."
The report also includes in-depth updates on Ball initiatives,
such as diversity and inclusion, and community, as well as progress
against four of the United Nations Sustainable Development Goals
(SDGs) on which the company focuses: Responsible Consumption and
Production, Climate Action, Clean Water and Sanitation, and
Partnerships for the Goals. Ball will continue to provide
transparent progress toward the SDGs and their sustainability goals
and is committed to accelerating the circular economy for a better,
more sustainable planet.
To download the full report or a report
summary, visit https://www.ball.com/sustainability-reports.
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, including due to virus and
disease outbreaks and responses thereto; 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; 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 or
jurisdiction 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, stimulus package(s), 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.
View original
content:http://www.prnewswire.com/news-releases/ball-corporation-publishes-2020-sustainability-report-detailing-industry-framework-for-the-circular-economy-301101828.html
SOURCE Ball Corporation