Amcor announces CEO transition

The Mayr-Melnhof Group (MM) has joined the global initiative “Business Ambition for 1.5 ° C” in order to use suitable measures to help limit global warming to 1.5 degrees. As part of this platform, which was launched by the UN Global Compact and the Science Based Targets Initiative (SBTi), MM is committed to setting science-based climate targets. These provide for net zero emissions in the entire value chain by 2050 at the latest. MM is thus increasing the pace of its engagement against climate change at the time of important global milestones such as the UN climate conference COP26. Peter Oswald, CEO of the MM Group: “MM is a sustainability company that is at the forefront of avoiding plastic waste with innovative recyclable packaging made from renewable raw materials. In addition, the reduction of greenhouse gas emissions to mitigate climate change is an integral and fixed part of our corporate strategy. That is why we set ourselves ambitious, science-based goals and take an active part in the Business Ambition for 1.5 ° C initiative in order to jointly promote climate-friendly economic activity. "

Pactiv Evergreen Inc. reported results for the third quarter of 2024. Michael King, President and Chief Executive Officer of Pactiv Evergreen, said, “Our execution during the third quarter was solid and we made meaningful progress on our long-term strategy. We maintained strict cost discipline, optimized enterprise resources and overcame challenges at the Pine Bluff, Arkansas mill during its final quarter under our ownership. As we advance to the next phase of our transformational journey, we intend to leverage our heritage of product innovation and design to foster growth and assist our customers in achieving their sustainability goals.” King continued, “In late September and early October, some of our teams and communities were significantly impacted by Hurricanes Helene and Milton. The safety and well-being of our team members remain our utmost priority. It’s been truly inspiring to witness our teams swiftly activate contingency plans in response to these severe weather events, showcasing their commitment to serving our customers and supporting the affected communities.” Third Quarter 2024 Financial Highlights: Net Revenues of $1,333 million for the third quarter of 2024 were down 3% compared to $1,379 million in the third quarter of 2023 and were approximately flat compared to $1,338 million in the second quarter of 2024. Net Loss from continuing operations of $213 million for the third quarter of 2024 compared to net income of $28 million in the third quarter of 2023 and net income of $20 million in the second quarter of 2024.

Intertape Polymer Group Inc. published its 2019 annual sustainability report, titled “We Package, We Protect & We Sustain”. The report provides an overview of the Company’s sustainability progress in 2019 and highlights IPG's sustainability opportunities in the years ahead. The report was prepared with reference to certain Global Reporting Initiative (“GRI”) standards with details provided in the index section of the report. “Sustainability is a core pillar of our long-term strategy and we believe it is a key component to meeting the needs of our stakeholders as well as the growth of our business,” said Greg Yull, President and CEO of IPG. “While this year’s report is published as society is dealing with the impact of the COVID-19 pandemic, our approach to sustainability is a long-term initiative that requires consistent and continuous support. In fact, the ingrained culture of health and safety within our daily operations at the plant level underpinned our ability to maintain ongoing operations in the face of the pandemic.”