O-I GLASS VALIDATES EARLY ACHIEVEMENT OF KEY SUSTAINABILITY GOALS, SETS SIGHTS ON PARIS-ALIGNED TARGETS
Rhea-AI Summary
O-I Glass (NYSE:OI), a leading glass manufacturer, has achieved two major sustainability goals six years ahead of schedule. The company surpassed its 2030 targets by reaching 51% renewable electricity usage globally (exceeding 40% target) and reducing Scope 1 and 2 greenhouse gas emissions by 30% (surpassing 25% target) from 2017 baseline.
O-I has now set new Paris Agreement-aligned 2030 goals including: 47% reduction in GHG emissions, 80% renewable electricity usage, and 60% average use of recycled glass. The company also reported significant safety improvements, with a 48% decrease in Total Recordable Incident Rate since 2019.
Positive
- Achieved sustainability goals 6 years ahead of schedule
- Exceeded renewable electricity target reaching 51% vs 40% goal
- Reduced greenhouse gas emissions by 30% vs 25% target
- Improved workplace safety with 48% decrease in incident rate since 2019
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, OI gained 2.58%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Perrysburg, Ohio, July 22, 2025 (GLOBE NEWSWIRE) -- With newly validated 2024 data, O-I Glass confirms it has achieved two of its most ambitious sustainability goals -- six years ahead of schedule. Originally set for 2030, the company’s targets for renewable electricity and greenhouse gas emissions have already been met, underscoring O-I’s momentum in sustainable glass manufacturing and its commitment to measurable progress.
O-I surpassed its renewable electricity goal by reaching
This data-driven progress has paved the way for a bold next chapter. At O-I's Investor Day event in March, O-I announced enhanced sustainability goals for 2030, aligned with the Paris Agreement’s 1.5°C pathway:
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47% reduction in GHG emissions
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80% use of renewable electricity
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60% average use of cullet (recycled glass)
These elevated targets reflect O-I’s continued drive to reduce environmental impact and deliver greater value to customers through sustainable innovation.
"This accomplishment marks a pivotal moment for the company," says Chief Sustainability and Administrative Officer Randy Burns. " For more than 120 years, O-I has been a strategic partner to the biggest brands in the world. Even as O-I focuses on radically reducing costs, we’re raising the bar with updated sustainability targets for 2030, with 2019 as the baseline year."
At O-I, sustainability isn't just about what we make -- it's how we make it. Safety is at the core of building a sustainable business. New data confirms O-I's Total Recordable Incident Rate for O-I employees in 2024 was 1.48, a
The new performance data is now available on the Sustainability Scorecard on O-I's website: https://www.o-i.com/sustainability/sustainability-report/.
ABOUT O-I GLASS
At O-I Glass, Inc. (NYSE: OI), we love glass, and we are proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 21,000 people across 69 plants in 19 countries, O-I achieved revenues of
James Woods Corporate Affairs james.woods@o-i.com
FAQ
What sustainability goals did O-I Glass (NYSE:OI) achieve ahead of schedule in 2024?
What are O-I Glass's new sustainability targets for 2030?
How much has O-I Glass improved its workplace safety since 2019?
What is O-I Glass's current renewable electricity usage in 2024?
