Innovation Drives O-I Sustainability Progress

Core Insights - O-I Glass, Inc. has published its 2024 Sustainability Report Update, showcasing significant progress towards its sustainability goals through innovation and transformation [1][5]. Sustainability Achievements - The company has achieved conservation of over 24,000 tons of glass and 13,000 tons of CO2 through lightweighting efforts [2][7]. - More than 100 energy reduction projects have led to the elimination of nearly 35,000 tons of CO2 emissions [2][7]. - O-I has established 35 glass packaging collection sites to enhance glass recycling in nine North American communities, including four Glass4GoodTM program sites that have collected 688 tons of glass and donated over $26,100 to United Way [3]. Process Innovations - O-I attributes its sustainability success to process innovations that lower carbon outcomes, implementing alternative fuel sources and innovative technologies [4][7]. - The company has reported a nearly 20% reduction in scope 1 & 2 emissions since the 2017 base year, driven by its climate strategy [7]. Investment in Innovation - Recent investments include a new facility in Bowling Green, Kentucky, for the proprietary MAGMA technology, and a €50 million ($54.12 million) investment in Vayres, France, for gas-oxy combustion technology and heat recovery systems [8]. - The company has also initiated operations of a newly built GOAT (Gas Oxy Advancement Technology) furnace in Zipaquira, Colombia [8]. Company Overview - O-I Glass is a leading global producer of glass bottles and jars, with revenues of $7.1 billion in 2023 and a workforce of approximately 23,000 across 68 plants in 19 countries [6].