Ball Corporation

Containers & Packaging

BLL

$ 69 (3.4)%

Share price

$ 22 bn

Market Cap

$ 32 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

1.2x the weighted average for S&P 500

FY2020

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

In line with the -5.1% weighted average for S&P 500

FY2021

Ball Corporation aims to reduce Scope 1 + 2 by 55% by 2030 from a base year 2017

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.9% weighted average for S&P 500

FY2020

Ball Corporation aims to achieve net zero for all Scopes by 2050

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Ball Corporation reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 1,112 Kt (-131 /-10.5% y-o-y). At the same time, carbon intensity was up at 108 t (+2.9/+2.8% y-o-y).

Ball Corporation's Scope 3 emissions soared to 8,636 Kt (+342/+4.1% y-o-y). The time series has been volatile over the last few periods.

The company is committed to reducing Scope 1 + 2 by 55% by 2030 from a base year 2017, which translates into the estimated reduction of -57 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -319 Kt per annum over the period of FY2020 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 16% by 2030 from a base year 2017, which translates into the estimated reduction of -137 Kt per annum over the period of FY2020 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	1,112	441	672
2019Q4	1,243	435	808	8,636	11,474	108
2018Q4	1,226	418	808	8,294	11,635	105
2017Q4	1,213	401	812	8,489	10,983	111
2016Q4	1,213	398	815		9,061	134
2015Q4	1,274	402	872		7,997	159