Ball Corporation (BLL) has released its updated sustainability report, which reveals that it has made significant progress in its greenhouse gas emission and waste reduction efforts.
In recent times, Ball has made concerted efforts to embed sustainability within its operations and the entire supply chain. Its focus on sustainability will help it achieve its long-term objectives.
Sustainability report, which serves as a benchmark to evaluate Ball’s performance along with its production efficiency, spoilage rates, quality control figures, environmental, health and safety statistics and asset utilization rates, also maintains economic, environmental and social impacts of the company.
Ball revealed the biennial sustainability report in early 2012. According to the report, Ball achieved about 4.8% reduction of its Climate Intensity Index, a noteworthy step toward its 2015 greenhouse gas emission reduction goal of 10%.
The company increased energy efficiency by around 5% in its global beverage, food and aerosol can businesses and by 19% in its aerospace business. Ball reduced energy consumption in its slug business by 11%. The company also joined the Aluminum Stewardship Initiative, to foster responsible resource management throughout its value chain.
Broomfield, Colo.-based Ball Corp., which belongs to the containers and packaging industry along with Crown Holdings Inc. (CCK), Greif, Inc. (GEF) and Mobile Mini, Inc. (MINI), reported first-quarter 2013 adjusted earnings of 58 cents per share, an 8% decline from the year-ago adjusted earnings of 63 cents per share. The results also fell short of the Zacks Consensus Estimate of 64 cents.
Ball Corp. is the largest manufacturer of beverage cans in North America. It also supplies aerospace and other technologies and offers services to government and commercial customers.
Ball Corp. currently retains a short-term Zacks Rank #4 (Sell).
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