Update to company’s 2024 sustainability report demonstrates significant progress towards ambitious sustainability goals
- Process innovation saves more than 24,400 tons of glass and approximately 13,120 tons of carbon dioxide2 through lightweighting
- medium sizeMore than 100 energy-saving projects reduced more than 34,950 tons of carbon dioxide2 Emissions
- chlorineimate strategy driven A almost Scope 1 and 2 emissions reduced by 20% since base year 2017
Perrysburg, Ohio, June 27, 2024 (GLOBE NEWSWIRE) — OI Glass (NYSE:), Inc. (OI Glass or OI) today announced that it has released an update to its 2024 Sustainability Report, highlighting key progress toward achieving ambitious sustainability goals driven by innovation and transformation.
OI Chief Sustainability and Corporate Affairs Officer Randy Burns said that for OI Glass, the road to sustainable development is paved by innovation. True sustainability requires big change and big ambition – from the fuels, processes and technologies we use to our relationships with our suppliers, customers, communities and our nearly 23,000 employees around the world.
The 2024 report details key OI process innovations that saved more than 24,000 tons of glass and 13,000 tons of carbon dioxide through collective lightweighting efforts. OI reports that more than 100 energy efficiency projects have reduced nearly 35,000 tons of carbon dioxide emissions.
OI reports sourcing renewable energy, increasing recycled content, improving energy efficiency and leveraging new furnace technology to drive sustainability as part of its wider climate strategy. The combination of these measures resulted in a nearly 20% reduction in Scope 1 and 2 emissions compared to the 2017 base year.
The report also highlights 35 glass packaging collection sites created by OI to promote glass recycling in nine communities across North America. These recycling programs include four Glass4Good™ program sites, which have donated more than $26,100 to the United Way and collected 688 tons of glass. OI reports that through these Glass4Good™ programs, approximately 800 tons of raw materials can be saved and more than 230 tons of carbon dioxide can be reduced, which is equivalent to the annual energy use emissions of approximately 28 households. The company also reported saving nearly 145,000 tons of glass through 44 closed-loop partnership programs created with customers around the world.
Burns said OI’s approach to sustainability is driven by the pioneering spirit in our DNA. Our state-of-the-art innovation center fosters ideas that generate innovative technologies and create scalable and sustainable solutions. The more than 3,800 patents currently held by OI are a testament to our vision to push the boundaries of glass packaging technology, allowing us to reinvent glass manufacturing and create value for all stakeholders.
OI sees process innovation that moves its operations towards low-carbon outcomes as a key driver of its sustainability success. The company is implementing proven technologies to deploy alternative fuel sources and innovative technologies to drive progress on its climate strategy.
The latest innovation investments covered in the report include a new facility in Bowling Green, Kentucky, built specifically for the company’s proprietary MAGMA technology and designed with overall sustainability in mind. In 2023, OI also completed a €50 million ($54.12 million) investment in Vayres, France, to install oxy-combustion technology and heat recovery systems, and the company has launched a new GOAT (Gas-Oxy Advanced Technology) furnace in Zipaquira ,Colombia.
Through these and other innovations, OI is making tangible progress toward the company’s ambitious sustainability goals. The 2024 Sustainability Report can be downloaded from the OI website: https://oi.com/sustainability.
About OI glass￣
At OI Glass, Inc. (NYSE: OI), we love glass, and we’re proud to be one of the world’s leading producers of glass bottles and jars. Not only is glass beautiful, it’s also pure, healthy and fully recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio, USA, OI is the preferred partner for many of the world’s leading food and beverage brands. We innovate based on our customers’ needs, create iconic packaging, and build brands around the world. Led by a diverse team of approximately 23,000 employees at 68 facilities in 19 countries, OI generated revenue of $7.1 billion in 2023. oi.com / ́Facebook (NASDAQ: ) / Twitter / Instagram / LinkedIn￣
