WESTMINSTER, Colo., June 1, 2022
/PRNewswire/ -- Ball Corporation (NYSE: BALL) and
Novelis, both of which recently joined the World Economic Forum's
newly formed aluminum branch of the First Movers Coalition (FMC),
are calling on industry peers to prioritize circularity and
encouraging them to join the FMC. Ball and Novelis will lead
collaboration across the aluminum industry value chain toward the
same goal, creating a pathway for aluminum sectors such as beverage
packaging, automotive, aerospace, electronics, and building and
construction.
Launched as a partnership between The World Economic Forum and
U.S. Department of State, through U.S. Special Presidential Envoy
for Climate John Kerry and the Office of Global Partnerships, and
in collaboration with U.S. Department of Commerce and Department of
Energy, the First Movers Coalition is a global initiative
harnessing the purchasing power of companies to decarbonize seven
hard to abate industrial sectors that currently account for 30
percent of global emissions: Aluminum, Aviation, Chemicals,
Concrete, Shipping, Steel, and Trucking; along with innovative
Carbon Removal technologies. More than 50 other FMC members have
committed to accelerate innovative technologies to decarbonize
these sectors.
As members of the FMC, both Ball and Novelis have committed to
purchasing 10 percent of all primary aluminum annually as near-zero
carbon emissions by 2030. Both companies have also committed to
ensuring that at least 50 percent of all the aluminum used annually
is sourced from recycled aluminum by 2030, with Novelis already
surpassing this number with 57% of its inputs today being recycled
content. Ball is also focused on its 2030 circularity vision
for the aluminum beverage packaging industry to achieve 85 percent
recycled content.
The aluminum industry as a whole is responsible for two percent
of the world's man-made GHG emissions and emits more than 1 billion
tons of carbon dioxide, due mainly to the electricity required to
produce primary aluminum. Demand for aluminum continues to grow as
an enabler of the mobility, energy and circular economy transition.
Given the size of the challenge, Ball and Novelis are encouraging
companies across the downstream and upstream value chain to join
them and get involved in accelerating the decarbonization in the
aluminum sector.
"We are proud to team up with the First Movers Coalition and
partner with Novelis to drive meaningful change needed throughout
our industry. We know that in order to achieve the deep
decarbonization needed, it will require new and more effective ways
of collaboration and transformation across the value chain,"
said Ron Lewis, Chief
Operating Officer, Global Beverage Packaging, Ball Corporation.
"We believe that a faster decarbonization pathway for aluminum
beverage packaging is possible when we combine corporate
commitments, government policies like Extended Producer
Responsibility and Deposit Return Systems, and innovative
technologies in the primary aluminum supply chain."
"Novelis is eager to continue our efforts to decarbonize the
aluminum industry, as well as support decarbonization in numerous
adjacent industries relying on aluminum, " said Steve Fisher, President and Chief Executive
Officer, Novelis Inc. "Recycling aluminum is far less
energy-intensive than producing primary aluminum, and we want that
energy to come from 'sustainable' sources. Aluminum has the
potential to reach a near zero-carbon footprint, but it requires
investment in clean energy and re-doubling of our commitment to
recycling. Partnerships like the First Movers Coalition can
spur those investments by supporting an emerging market for
developing technologies. Novelis welcomes the opportunity to join
FMC and accelerate innovation in our industry."
Ball and Novelis have a strong history of teaming up to find
sustainable solutions to value chain challenges including Novelis'
recent announcement to build a 600 kilotonnes, new low-carbon
aluminum rolling and recycling plant in Alabama as well as partnering up to lower the
carbon footprint of the Ball Aluminum Cup™ by increasing the
recycled content to 90% - the highest recycled content rate of any
beverage packaging in its category.
About Ball Corporation
Ball Corporation supplies innovative, sustainable aluminum
packaging solutions for beverage, personal care and household
products for customers, as well as aerospace and other technologies
and services primarily for the U.S. government. Ball Corporation
and its subsidiaries employ 24,300 people worldwide and reported
2021 net sales of $13.8 billion. For
more information, visit www.ball.com, or connect with us on
Facebook or Twitter.
About Novelis
Novelis Inc. is driven by its purpose of
shaping a sustainable world together. We are a global leader in the
production of innovative aluminum products and solutions and the
world's largest recycler of aluminum. Our ambition is to be the
leading provider of low-carbon, sustainable aluminum solutions and
to achieve a fully circular economy by partnering with our
suppliers, as well as our customers in the aerospace, automotive,
beverage can and specialties industries throughout North
America, Europe, Asia and South America.
Novelis had net sales of $17.1 billion in fiscal year
2022. Novelis is a subsidiary of Hindalco Industries Limited, an
industry leader in aluminum and copper, and the metals flagship
company of the Aditya Birla Group, a multinational conglomerate
based in Mumbai. For more information, visit
novelis.com.
Ball Corporation Forward-Looking Statements
This report contains "forward-looking" statements concerning future
events and financial performance. Words such as "expects,"
"anticipates," "estimates," "believes," and similar expressions
typically identify forward-looking statements, which are generally
any statements other than statements of historical fact. Such
statements are based on current expectations or views of the future
and are subject to risks and uncertainties, which could cause
actual results or events to differ materially from those expressed
or implied. You should therefore not place undue reliance upon any
forward-looking statements and they should be read in conjunction
with, and qualified in their entirety by, the cautionary statements
referenced below. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Key factors,
risks and uncertainties that could cause actual outcomes and
results to be different are summarized in filings with the
Securities and Exchange Commission, including Exhibit 99 in our
Form 10-K, which are available on our website and
at www.sec.gov. Additional factors that might affect: a) our
packaging segments include product capacity, supply, and demand
constraints and fluctuations and changes in consumption patterns;
availability/cost of raw materials, equipment, and logistics;
competitive packaging, pricing and substitution; changes in climate
and weather; footprint adjustments and other manufacturing changes,
including the startup of new facilities and lines; failure to
achieve synergies, productivity improvements or cost reductions;
unfavorable mandatory deposit or packaging laws; customer and
supplier consolidation; power and supply chain interruptions;
changes in major customer or supplier contracts or loss of a major
customer or supplier; inability to pass through increased costs;
war, political instability and sanctions, including relating to the
situation in Russia and Ukraine and its impact
on our supply chain and our ability to operate
in Russia and the EMEA region generally; changes in
foreign exchange or tax rates; and tariffs, trade actions, or other
governmental actions, including business restrictions and
shelter-in-place orders in any country or jurisdiction affecting
goods produced by us or in our supply chain, including imported raw
materials; b) our aerospace segment include funding, authorization,
availability and returns of government and commercial contracts;
and delays, extensions and technical uncertainties affecting
segment contracts; c) the Company as a whole include those listed
above plus: the extent to which sustainability-related
opportunities arise and can be capitalized upon; changes in senior
management, succession, and the ability to attract and retain
skilled labor; regulatory actions or issues including those related
to tax, ESG reporting, competition, environmental, health and
workplace safety, including U.S. FDA and other actions or public
concerns affecting products filled in our containers, or chemicals
or substances used in raw materials or in the manufacturing
process; technological developments and innovations; the ability to
manage cyber threats; litigation; strikes; disease; pandemic; labor
cost changes; inflation; rates of return on assets of the Company's
defined benefit retirement plans; pension changes; uncertainties
surrounding geopolitical events and governmental policies,
including policies, orders, and actions related to COVID-19;
reduced cash flow; interest rates affecting our debt; and
successful or unsuccessful joint ventures, acquisitions and
divestitures, including the announced sale of our Russian business,
and their effects on our operating results and business
generally.
Novelis Forward-Looking Statements
Statements made in this news release that describe Novelis'
intentions, expectations or predictions may be forward-looking
statements within the meaning of securities laws. Examples of
forward-looking statements in this news release Examples of
forward-looking statements in this news release include Novelis'
expectations to meet certain environmental targets. Novelis
cautions that, by their nature, forward-looking statements involve
risk and uncertainty. We do not intend, and we disclaim any
obligation, to update any forward-looking statements, whether as a
result of new information, future events or otherwise. Important
risk factors which could impact outcomes are included under the
caption "Risk Factors" in the company's Form 10-K filed with the
Securities and Exchange Commission for the fiscal year ended
March 31, 2022.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/ball-corporation-and-novelis-join-world-economic-forums-first-movers-coalition-encourage-value-chain-collaboration-to-drive-decarbonization-in-aluminum-sector-301558955.html
SOURCE Ball Corporation