Climate Change Strategy
To SBTi Reduction Target and Beyond
2017-2030 Journey
As the first glass packaging company to obtain an approved Science-Based Target initiative GHG emissions reduction goal,* our journey to a lower-carbon future begins with working to achieve our 2030 target to reduce GHG emissions by 25%. Over the next 10 years, our strategy to attain that goal involves four key levers.
*Goal established based on 2-degree pathway
Potential Risks and Opportunities
Potential Risks
- Carbon taxes and regulations
- Cullet supply and recycling
- Product-related regulations
- Climate events
- Logistics
- Technology
Possible Impacts
- Increased operating and compliance costs
- Interruption events
- Increased energy and raw material costs
- Asset issues
- Premature technology obsolescence
Opportunities
- Competitive advantages through R&D
- Improved business resilience
- More flexible operations
- Increased collaboration with customers
- Use of lower-carbon
- fuels and heat technology
Possible Impacts
- Increased demand
- Lower operating costs
- Lower energy use
- Lower regulatory
- compliance obligations
- Increased recycled content
- Improve community
- ecosystems for recycling
- and reuse
Beyond 2030: Journey to Net Zero
Like many other industries that depend on heat for manufacturing processes, our path to net-zero involves incorporating lower-carbon fuels—as they become commercially available—into our operation. While increased electrification of furnace heat is a bridge to net zero, the main focus of our plan is to combine the existing sustainability benefits of our MAGMA technology, like on-off capability and co-location potential, with our work to prepare the next generations of MAGMA to use lower-carbon fuels.