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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

The University of Queensland (UQ) has opened a purpose-built food innovation facility aimed at accelerating product development and strengthening collaboration between industry and researchers.

The Asylum Seeker Resource Centre (ASRC) has launched a two-week emergency food security appeal as rising fuel costs are passed down the supply chain and increasing demand is placed on the organisation’s foodbank services.

The a2 Milk Company has reached an in principle agreement to settle a shareholder class action for $62 million, drawing a line under litigation tied to its FY21 earnings guidance.