O-I receives approval for science-based emissions reduction targets

O-I Glass, Inc. is the first glass packaging company to receive approval from the Science Based Targets initiative for its emission reduction targets

O-I commits to reduce absolute scope 1, 2 and 3 GHG emissions by 25 percent by 2030 from a 2017 base year. The SBTi’s Target Validation Team classified O-I’s company’s scope 1 and 2 target ambition and has determined that it is in line with a 2°C trajectory and in accordance with the Paris Agreement.

“SBTi approval is one of many important steps O-I is taking to shape a healthier world,” said Jim Nordmeyer, VP, Global Sustainability. “We are committed to improving our processes and our products to ensure we are responsibly doing our part in the food and beverage packaging industry, for our customers, our employees and our shareholders.”

Science-based targets provide companies with a clearly defined pathway to future-proof growth by specifying how much and how quickly they need to reduce their greenhouse gas emissions.

The Science Based Targets initiative champions science-based target setting as a powerful way of boosting companies’ competitive advantage in the transition to the low-carbon economy. SBTi is a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC).

O-I recently furthered its commitment to invest in sustainability projects by issuing a Green Bond. Some of those initiatives include replacing fossil fuel energy with renewable energy and incorporating other energy efficient solutions.

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