Amcor plc is a global leader in packaging solutions, headquartered in Switzerland. The company operates in the Containers & Packaging sector and is committed to providing sustainable packaging solutions that meet the needs of its customers while reducing its environmental impact. Amcor's focus on decarbonisation and renewable energy is a key part of its sustainability strategy, and the company has made significant progress in this area in recent years.
One of the ways that Amcor is working towards decarbonisation is through its corporate energy strategy. The company has set ambitious targets to reduce its greenhouse gas emissions, and is investing in renewable energy sources to help achieve these goals. Amcor has committed to sourcing 100% renewable electricity for its global operations by 2030, and has already made significant progress towards this target. In 2020, the company sourced 75% of its electricity from renewable sources, up from 58% in 2019.
To support its renewable energy goals, Amcor has also entered into corporate power purchase agreements (PPAs) with renewable energy providers. These agreements allow the company to purchase renewable energy directly from the source, often at a lower cost than traditional energy sources. In 2019, Amcor signed a 10-year PPA with a wind farm in Texas, which will provide the company with 100,000 MWh of renewable energy each year. This is equivalent to the energy required to power 10,000 homes for a year, and will help Amcor to reduce its greenhouse gas emissions by approximately 47,000 tonnes per year.
In addition to its focus on renewable energy, Amcor is also working to reduce its overall energy consumption through a range of initiatives. The company has implemented energy efficiency measures across its global operations, such as upgrading lighting systems and installing energy-efficient equipment. These measures have helped Amcor to reduce its energy consumption by 5.5% per tonne of production since 2015.
Amcor's commitment to sustainability extends beyond its energy and decarbonisation goals. The company is also focused on reducing its environmental impact through its packaging solutions. Amcor has set a target to make all of its packaging recyclable or reusable by 2025, and is investing in innovative solutions to achieve this goal. For example, the company has developed a range of flexible packaging solutions that are fully recyclable, including its AmLite Ultra Recyclable range. These solutions are designed to reduce waste and improve the circularity of packaging materials.
Amcor is also committed to reducing its water consumption and improving the sustainability of its supply chain. The company has set a target to reduce its water consumption by 25% per tonne of production by 2025, and is working with suppliers to improve the sustainability of its raw materials. Amcor has developed a supplier code of conduct that sets out its expectations for environmental and social responsibility, and works closely with suppliers to ensure compliance with these standards.
Overall, Amcor plc is a company that is committed to sustainability and reducing its environmental impact. Its focus on decarbonisation, corporate energy, corporate PPA, and renewable energy is an important part of its sustainability strategy, and the company has made significant progress in these areas in recent years. With its ambitious targets and innovative solutions, Amcor is well-positioned to continue leading the way in sustainable packaging solutions.