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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

Wine Australia and Wine Victoria will put almost $887,000 over three years into projects covering sustainability, biosecurity, business data and export insights for Victorian grapegrowers and winemakers.

McCain Foods has turned over a full 24-hour production run at its Ballarat plant to Foodbank Australia, producing 120,000 meals valued at more than $790,000.

The Australian Beverages Council has committed the non-alcoholic drinks industry to lifting low and no sugar drinks to 70 per cent of water-based beverage sales by 2030, up from 65 per cent in 2024. The target is the centrepiece of the council’s Beverage Choices Roadmap to 2030 (BCR30), launched by CEO Geoff Parker at its annual Drinks Industry Dialogue in Sydney yesterday.