Amcor's performance - How we're doing
Our FY 2008/09 strategy, challenges and opportunities, performance and plans in each of the five areas of Sustainability are listed below.
Our sustainability performance is supported by our core values and business competencies. You can learn more about these at the Being Amcor website.
Economy
Strategy
- Continuing to protect shareholder value by good governance, sensible risk taking and transparent investor relations.
- Developing business opportunities that will see Amcor thrive in a low-carbon economy.
Sustainability Challenges & Opportunities
1. Challenge: Managing through the global financial crisis (GFC)
Opportunity: Our businesses operate in the defensive product segments of food and beverages and this has resulted in underlying demand being relatively resilient against a backdrop of weaker economic conditions.
2. Challenge: Economic impacts of climate change, sea level rise and extreme weather events
Opportunity: We are reducing the greenhouse gas intensity of our processes and products to create new areas of competitive advantage. We are investing and preparing for climate change.
8. Challenge: Managing growth opportunities
Opportunity: Successful integration of acquisitions to fully realise the strategic, financial and operational benefits.
Our Performance
- Profit before interest and tax (A$ million) 646.6 Sales (A$ million) 9,535
- Early intervention on climate change provides opportunities
- Announced acquisition plans to significantly increase the size of our organisation
Looking Forward
- We will realise opportunities in our nominated growth segments, such as the announced acquisition of certain Alcan Packaging businesses in FY 2009/10.
- We will reduce our greenhouse gas emissions and participate in regional emissions trading schemes.
Marketplace
Strategy
- Being a leader in sustainable packaging and supply chain practices by partnering with our customers and suppliers.
- Continuing our drive to become a customer and market-driven organisation.
- Using lifecycle analysis data in our product development process to create packaging with minimal environmental impact.
Sustainability Challenges & Opportunities
3. Challenge: Changing consumer tastes towards sustainable packaging products.
Opportunity: To become a leader in sustainable packaging, creating new areas of competitive advantage such as supply chain partnerships and product lifecycle assessments.
8. Challenge: Managing growth opportunities
Opportunity: Successful integration of acquisitions to fully realise the strategic, financial and operational benefits.
Our Performance
- 53 product lifecycle assessments completed
- Over 2,000 customer surveys conducted
- 12 new products with sustainability benefits
Looking Forward
- We will continually improve our understanding of the lifecycle impact of our products at all stages of the supply chain.
- We will integrate the product innovation programs of Amcor and Alcan Packaging to enhance our value proposition to customers.
Environment
Strategy
- Continuing to reduce our emissions, water usage and waste to landfill to meet our targets.
- Continuing to eliminate spills, fines and prosecutions related to our environmental performance.
Sustainability Challenges & Opportunities
4. Challenge: Regulatory and stakeholder expectations for operations with low environmental impact
Opportunity: We are reducing the environmental impacts of our manufacturing processes and products to create new areas of competitive advantage and reduce costs.
Our Performance
- 2.6% reduction in greenhouse gas intensity (GHG)*
- 39% reduction in waste to landfill*
- 26% reduction in Australian water use*
*per unit of production, compared to the FY 2005/06 baseline year
Looking Forward
- We will continue to work towards our Global EnviroAction targets.
- We will integrate the operational efficiency programs of Amcor and Alcan Packaging to continuously improve our environmental performance.
Workplace
Strategy
- Continuing to improve the safety of our workplace.
- Continuing to develop the skills and capabilities of our co-workers.
- Implementing a consistent and rigorous approach to talent management across the Company.
Sustainability Challenges & Opportunities
5. Challenge: Occupational health and safety
Opportunity: To become internationally recognised for our safe work practices and to share our expertise with our suppliers and customers to help them achieve their own health and safety goals.
6. Challenge: Talent management
Opportunity: Employee engagement and recognition as employer of choice, allowing us to attract and retain the best talent.
Our Performance
- Over 21,000 employees worldwide
- 12.5% improvement in our Lost Time Injury Frequency Rate (LTIFR)
- TravelSafe program introduced for all Amcor Ltd employees
Looking Forward
- We will continue to improve our Safety Model via a range of standardised management, audit and reporting structures.
- We will monitor the impact of our cultural change, talent management and diversity programs.
Community
Strategy
Encouraging our sites globally to contribute to the communities in which they operate.Sustainability Challenges & Opportunities
7. Challenge: Community support for our operations – our social licence to operate
Opportunity: To build effective partnerships and seek constructive dialogue with the communities in which we operate.
Our Performance
- 15 Amcor co-workers participated in Earthwatch projects across the globe
- Almost 6 million litres of rainwater can be collected and donated through our Water Giving Project
- More than A$500,000 donated to community programs