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Amcor recognized as ESG industry leader by MSCI ESG

November 24/2020

MOSCOW (MRC) -- Amcor has retained the highest sustainability rating in the packaging sector and the second highest score possible from MSCI ESG, said the company.

In 2020, Amcor a leading packaging company received a rating of AA in the MSCI ESG Ratings assessment. This rating is the highest in the packaging industry and is the second highest rating available. 2020 is the 4th year in a row that Amcor has achieved an AA rating - MSCI describes AA rated companies as a company leading its industry in managing the most significant ESG risks and opportunities.

This rating is announced following the release of Amcors Sustainability Report and Sustainability Review both of which outline progress towards the companys 2025 commitment to make all of its packaging recyclable or reusable and which track progress against a range of other metrics including use of recycled content and CO2 reductions.

Amcors AA rating is supported by the companys investment in research and development to enable innovations in designed-to-be-recycled packaging and by its efforts to reduce environmental impact throughout the business. This rating recognizes the ongoing integration of sustainability into Amcors business and is a tribute to Amcors ongoing success in managing its ESG risks and opportunities.

David Clark, Vice President for Sustainability at Amcor said: We are proud and pleased that Amcors industry leading efforts on sustainability have been recognized by MSCI. Our AA rating reflects the integration of sustainability into Amcors business from our innovation priorities to our supply chain to our management of our factories and plants. Investors can be confident that Amcor are managing our ESG risks and opportunities, and we are pioneering progress in the packaging sector."

Amcor reports on its sustainability metrics in accordance with the Global Reporting Initiative (GRI) Standards: Core option and Sustainability Accounting Standards Board (SASB) Containers & Packaging Sustainability Accounting Standard version 2018-10. This is the ninth year that Amcor has reported in accordance with GRI and the first year it has reported using the SASB Standards.

As MRC informed earlier, Amcor PET bottlesAmcor has recently announced that it has designed the first polyethylene terephthalate (PET) bottles for pasteurized beer in Brazil. The company has used its leading-edge design technology to develop these bottles. Amcor has custom-designed 600-milliliter containers for beverage maker, New Age Bebidas of Leme in Sao Paulo. The bottles feature the beauty of a glass-like and champagne-style base combined with the convenience of lightweight and shatter-resistant PET.

As per MRC' ScanPlast, calculated consumption of polyethylene terephthalate (PET) reached 52,71o tonnes in September 2020, down 27% compared to the same time a year before. Total consumption of PET in Russia in the nine months of 2020 reached 530,750 tonnes, down 22% than the same indicator last year.

Amcor works with leading companies around the world to protect their products differentiate brands, besides improving value chains through a range of flexible and rigid packaging including specialty cartons, closures, and services. The company is focused on making packaging that is increasingly light-weighted, recyclable and reusable, and is made by using a rising amount of recycled content. Presently, Amcor has operations at 250 locations in 40-plus countries.
Author:Anna Larionova
Tags:PET bottles, PET films, PET preforms, AMCOR.
Category:General News
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