AMP publishes 2024 Sustainability Report
Rhea-AI Summary
Ardagh Metal Packaging (NYSE:AMBP), a global supplier of sustainable metal beverage cans, has released its 2024 Sustainability Report showcasing significant environmental and social progress. Despite a 3% sales volume growth, the company achieved a 10% reduction in Scope 1 & 2 emissions versus 2023 and increased global renewable electricity coverage to 30%.
Key achievements include reaching 78% recycled aluminum content in beverage cans, 83% of facilities achieving Zero Waste to Landfill, and a 5% improvement in water withdrawal intensity. The company invested $5 million in STEM education, impacting over 75,000 students, and recorded revenues of $4.9 billion in 2024.
Positive
- 10% reduction in Scope 1 & 2 emissions versus 2023
- 25% reduction in Scope 3 emissions from 2020 baseline, surpassing 2030 target
- 78% recycled aluminum content in beverage cans, among highest in industry
- 83% of facilities achieved Zero Waste to Landfill status
- 3% sales volume growth while maintaining sustainability progress
- $4.9 billion in revenues for 2024
Negative
- Global renewable electricity coverage still only at 30%
News Market Reaction 1 Alert
On the day this news was published, AMBP declined 0.56%, reflecting a mild negative market reaction. This price movement removed approximately $12M from the company's valuation, bringing the market cap to $2.13B at that time.
Data tracked by StockTitan Argus on the day of publication.
Despite a
Key 2024 Environmental Highlights:
- Renewable Electricity: Increased global renewable electricity coverage to
30% , with strong regional progress (Europe :46% ,South America :43% ). - GHG Emissions:
- Scope 1 & 2:
10% emissions reduction versus 2023;18% emissions intensity reduction versus 2020 baseline. - Scope 3: Achieved a
25% reduction from 2020 baseline, surpassing the 2030 target. - Circularity: AMP's beverage cans are made with an average recycled content of
78% recycled aluminium, among the highest in the industry, based on peer disclosures. - Waste and Water:
83% of facilities achieved Zero Waste to Landfill; water withdrawal intensity improved5% over the previous year.
Social and Governance Progress:
- Ardagh for Education: Invested
in STEM education across 20 communities, reaching over 75,000 students.$5 million - Recognised with an EcoVadis Gold Medal for sustainability management and listed on the CDP A List for supplier engagement.
- Launched the Ardagh Metal Production System (AMPS) to drive global operational efficiency and sustainability integration.
"Our 2024 report reflects our continued investment in people, planet and performance," said Oliver Graham, CEO of AMP. "We're proud of the progress we've made across all core pillars —Emissions, Ecology and Social—and remain committed to leading the transition to more sustainable packaging solutions. Our commitment to ecosystems and communities remains as strong as ever. We aim to meet the demand for packaging that is easy to recycle and reduce our environmental impact. We will also create more opportunities for the communities we serve and from which we recruit. Together, we will endeavour to fulfil aluminium's role in a more sustainable economy, where circularity is not an aspiration but a reality."
The report also serves as a supplement to AMP's 2025 Communication on Progress (COP) to the UN Global Compact and reinforces the company's long-term ESG roadmap.
To access AMP's 2024 Sustainability Report and learn more about its sustainability journey, please click here.
Notes to the editor
Ardagh Metal Packaging (AMP) is a leading global supplier of inherently recyclable, sustainable metal beverage cans and ends to brand owners. An operating business of sustainable packaging business Ardagh Group, AMP is a leading industry player across
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SOURCE Ardagh Metal Packaging S.A.