Ball Climate Transition Plan outlines drive to circularity and decarbonisation
Ball Corporation has released its Climate Transition Plan in its bid to “better serve its stakeholders and deliver solutions that benefit the planet”.
The plan, which outlines the company’s pathway and evolution into a fully circular and decarbonised business, was released alongside a Combined Report. The latter, said Ball, is a demonstration of the company’s long-term commitment to driving innovation, and increasing operational efficiency.
According to Ball, the 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.
Dan Fisher, president and CEO of Ball Corporation said Ball has the “expertise and resources” required to navigate uncertainty and deliver ongoing value for 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,” Fisher said. “With sustainability asour continued focus, we have a bright future ahead.”
Ramon Arratia, chief sustainability officer of Ball Corporation, said the Climate Transition Plan will help it’s customers achieve their scope 3 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,” Arratia added.
“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.”