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Amcor has released its first Task Force on Climate-Related Financial Disclosure (TCFD) report, which includes the results of Amcor’s climate scenario analysis exercise, along with information about the company’s climate governance structure, risk management approach and performance metrics.

As a leader in sustainability, Amcor says the report marks another milestone for the organisation, ensuring continued transparency of its climate-related business risks, as well as providing a roadmap on how to best integrate climate risk management opportunities within its operational strategy. 

“The report represents the latest example of how Amcor has integrated climate-related considerations into its growth strategy and risk management framework,” said Michael Casamento, chief financial officer at Amcor. 

“Adding TCFD standards to our sustainability-related reporting that already adheres to the Global Reporting Initiative (GRI), as well as leading the packaging industry by reporting against SASB standards, helps us continue to lead with transparent, forward-thinking environmental stewardship.”

More detailed information about Amcor’s sustainability performance and strategy will be available in its 2022 Sustainability Report, which will be issued in mid-November.

Amcor will also be announcing its first quarter results after the US market closes on Tuesday 1 November 2022.

To read the full TCFD report, click here.

Food & Drink Business

Nestlé says it will remove artificial food colourings from its entire global portfolio by the end of 2026, making it the first major food company to commit to the change worldwide, CTO, Stefan Palzer, told Reuters this week.

Wide Open Agriculture (WOA) will wind down its German production facility immediately and shift to a contract manufacturing model, as the ASX‑listed lupin ingredients company looks to cut costs and scale more efficiently.

Select Harvests has appointed Kristina Hermanson as the company’s new managing director and CEO, effective from 3 August. She takes over from David Surveyor, who has been in the role since February 2023, and will finish on 31 July.