Amcor has become the first global diversified packaging company to report to the Sustainability Accounting Standards Board (SASB) packaging standard.
SASB connects businesses and investors on the financial impacts of sustainability. SASB Standards enable businesses around the world to identify, manage, and communicate financially material sustainability information to investors. The industry-specific standards are recognised as best-in-class, enabling businesses around the world to offer greater transparency and improve risk management, while the investor community has embraced the SASB standard as a means to allow informed decision-making on sustainable investing.
By reporting against SASB’s Containers & Packaging standard, Amcor said it is leading the industry with regard to benchmarking and transparency to drive more sustainable performance.
Tracey Whitehead, Amcor Global Head of Investor Relations, said: “We are proud to have adhered to SASB standards, an important benchmark for transparent reporting and one we know will help our stakeholders better understand Amcor’s commitment to managing ESG risks and improving outcomes for our business, customers and shareholders. As a global leader in packaging, we recognize that enhancing transparency and accountability enables better, evidenced-based progress against company and industry goals.”
In addition to reporting against SASB standards, Amcor has adopted multiple other initiatives including:
- Reporting sustainability metrics in accordance with the Global Reporting Initiative (GRI) Standards: Core option for the last nine years;
- Reporting annually through the CDP’s global disclosure system for assessments on Climate Change, Water Security, and Forests;
- As a signatory of the Ellen Macarthur Foundation’s Global Commitment, disclosing progress annually against key sustainability goals; and
- In 2020 joined WWF (World Wildlife Fund) ReSource, which provides a best practice measurement framework to help quantify reductions in plastic waste.