Energy Efficiency, GHG Emissions, Industrial  -  September 26, 2024

Amcor's Targets Validated by SBTi

Amcor, a global company that develops and produces responsible packaging solutions, announced that its long-term carbon reduction targets have been approved by the Science Based Targets initiative (SBTi).

The company’s long-term goal is to achieve net-zero GHG emissions across its value chain by 2050. This commitment includes significant absolute reductions of Scope 1, 2 and 3 GHG emissions across various areas, including purchased goods and services, energy-related activities, upstream transportation, waste management and end-of-life treatment of sold products by fiscal year 2050, using fiscal year 2022 as a base year.

The net-zero target approval complements the company's near-term emission reduction targets, which were confirmed in early 2024 and align with a 1.5-degree Celsius trajectory. The near-term targets aim for a 54.6% reduction in absolute Scope 1 and 2 GHG emissions and a 32.5% reduction in Scope 3 emissions by fiscal year 2033.

"We are delighted that our long-term targets have now also been validated, following the approval of our near-term targets earlier this year. These targets are an integral component of our sustainability strategy and reflect our commitment to delivering packaging that safeguards products, minimizes environmental impact and supports our customers in their decarbonization ambitions," said Amcor Chief Sustainability Officer David Clark in a statement.