O-I Glass recognized for sustainable advancements
O-I Glass has received two significant acknowledgments for its continued sustainability transformation. EcoVadis upgraded O-I’s rating to Silver (2021: Bronze), and Sustainalytics awarded O-I with an ESG Regional Top-Rated performer classification.
Beginning in 2020, O-I refreshed its business strategy, including the elevation of sustainability to a global function through the appointment of its first Chief Sustainability Officer and the development of a sustainability network across the company’s global footprint. Coming out of this transformation, O-I became the first glass packaging company to receive approval from the Science-Based Targets initiative for its emissions reduction goal.
As an ESG Regional Top-Rated performer, O-I was recognised by Sustainalytics as a strong outperformer in managing ESG risks with a “low risk” score. Sustainalytics is a provider of analytical environmental, social and governance research, rating, and data to institutional investors and companies.
The Top-Rated ESG designation is awarded on an annual basis to companies that excel at managing their ESG Risk Ratings.
O-I also received an upgrade to a silver sustainability rating by EcoVadis, the world’s most trusted provider of business sustainability ratings, intelligence, and collaborative performance improvements for tools for global supply chains.
The silver rating places O-I in the top 25 percent of all the companies evaluated by EcoVadis. A silver designation demonstrates awareness and respect that companies have for sustainability, business ethics, the environment, human rights, and sustainable procurement.
“Our vision at O-I for a sustainable future is here, today,” said Randy Burns, Vice President, Chief Sustainability and Corporate Affairs Officer for O-I. “Our sustainability ambitions for today and tomorrow are grounded in the same resiliency created by our foundational commitment to innovation and transformation of our products, processes, and relationships with our stakeholders. This recognition is an acknowledgment of achieving balance across this ecosystem and will be a driving force for creating an organization designed for the long term modeled on this evolving balance.”
Image: Randy Burns, Vice President, Chief Sustainability and Corporate Affairs Officer for O-I.
