O-I Glass achieves two ambitious sustainability goals ahead of schedule.

O-I Glass has achieved two of its ambitious sustainability goals six years ahead of schedule. The company surpassed its target for renewable electricity, reaching 51% globally, and reduced global greenhouse gas emissions by 30%. O-I has set new enhanced sustainability goals for 2030, including a 47% reduction in GHG emissions, 80% use of renewable electricity, and 60% average use of cullet (recycled material).

O-I Glass (NYSE: OI), a leading glass manufacturer, has achieved two of its most ambitious sustainability goals six years ahead of schedule. The company surpassed its 2030 targets by reaching 51% renewable electricity usage globally and reducing Scope 1 and 2 greenhouse gas emissions by 30% from the 2017 baseline [1]. This significant progress positions O-I as a trailblazer in sustainable glass manufacturing.

O-I's achievements are particularly notable given the company's commitment to the Paris Agreement's 1.5°C pathway. The company has now set new 2030 goals, including a 47% reduction in greenhouse gas emissions, 80% renewable electricity usage, and an average use of 60% recycled glass [1]. These enhanced targets reflect O-I's dedication to reducing its environmental impact and delivering sustainable value to its customers.

In addition to its environmental achievements, O-I has also reported significant safety improvements. The company's Total Recordable Incident Rate decreased by 48% from 2019, demonstrating its commitment to safety as a core component of its sustainability strategy [1]. The new performance data is available on O-I's Sustainability Scorecard [1].

O-I's success in achieving these sustainability goals highlights its ability to innovate and adapt in the face of increasing environmental challenges. The company's focus on renewable energy, recycled materials, and safety underscores its commitment to a more sustainable future. As O-I continues to set and achieve ambitious sustainability targets, it is poised to remain a leader in the glass manufacturing industry.

References:
[1] https://www.stocktitan.net/news/OI/o-i-glass-validates-early-achievement-of-key-sustainability-goals-wglrlk1m12xt.html