Ball Corporation Releases 2023 Combined Annual Financial and Sustainability Report

Core Insights - Ball Corporation emphasizes its commitment to being a leader in aluminum packaging, focusing on sustainability and customer needs following the divestment of its aerospace business [1][3] Financial Performance - Ball reported strong financial performance in 2023, with net sales of $14.03 billion and plans to utilize approximately $4.5 billion from the aerospace sale to reduce debt and enhance shareholder value [4][6] - The company aims to leverage free cash flow to accelerate returns to shareholders in 2024 and beyond [4] Sustainability Initiatives - In 2023, over half (58%) of Ball's global electricity usage came from renewable sources, achieving 100% renewable energy for its U.S. beverage packaging plants [4] - Ball reduced its global Scope 2 greenhouse gas emissions by 50% compared to the previous year and achieved a 29% reduction in absolute greenhouse gas emissions (Scopes 1-3) [4] - The average recycled content in Ball's global beverage packaging reached 70%, an increase of 4% from the prior year [4] Climate Transition Plan - Ball's Climate Transition Plan aims for significant emissions reductions by 2030, focusing on transforming the organization into a fully circular and decarbonized business [2][3] - The company is building a network of diverse partners to enhance circularity within the industry [3] Community Engagement and Diversity - Ball invested over $5.2 million in global community support and employees volunteered over 38,000 hours [5] - The company has introduced expanded diversity and inclusion goals, advancing representation on its executive leadership team and board of directors [5]