O-I GLASS VALIDATES EARLY ACHIEVEMENT OF KEY SUSTAINABILITY GOALS, SETS SIGHTS ON PARIS-ALIGNED TARGETS

Core Insights - O-I Glass has achieved its sustainability goals for renewable electricity and greenhouse gas emissions six years ahead of schedule, originally set for 2030 [1][2] - The company reached 51% renewable electricity usage globally, surpassing the 40% target, and reduced Scope 1 and 2 greenhouse gas emissions by 30%, exceeding the initial 25% reduction goal from the 2017 baseline [2][4] - O-I has announced enhanced sustainability goals for 2030, aligned with the Paris Agreement's 1.5°C pathway, reflecting its commitment to reducing environmental impact [3][4] Sustainability Achievements - The Total Recordable Incident Rate for O-I employees in 2024 was 1.48, marking a 48% decrease from 2019, indicating a focus on safety in building a sustainable business [4] - The company aims for a 47% reduction in greenhouse gas emissions and 80% use of renewable electricity by 2030, alongside a 60% average use of cullet (recycled glass) [7] Company Overview - O-I Glass, headquartered in Perrysburg, Ohio, is a leading producer of glass bottles and jars, achieving revenues of $6.5 billion in 2024 [6]