CFO and Deputy CEO Seppo Parvi leaves Stora Enso during the fourth quarter of 2024

The latest industry studies estimate that as much as half of all food produced globally for human consumption is wasted every year. That is a staggering figure, particularly considering that around one in nine people on the earth do not have enough food to live a healthy life. Couple this with estimates that the global population will reach close to 9 billion people by 2050, and the need to reduce food waste to ease the strain on resources and agricultural land is more vital than ever. To look at where we can make a difference, we must first look at the food value chain. There are five steps in the process: production, handling and storage, processing and packaging, distribution and market and consumption. Emerging economies waste 40% of food during the first two steps of the value chain, while mature economies waste 40% of food during the last two steps. Processing and packaging lies in the middle of the value chain and has the potential to make an impact on both sides of the economic divide.

Highlights - Six Months Ended December 31, 2021 •Net sales of $6,927 million, up 12%; •GAAP Net Income of $427 million, up 3%; GAAP earnings per share (EPS) of 27.9 cents per share, up 5%; •Increasing cash returns to shareholders: quarterly dividend of 12.0 cents per share; $600 million of sharerepurchases expected in fiscal 2022, including an additional $200 million announced today. CEO Ron Delia said: "Amcor delivered a solid first half result as our teams continue to successfully navigate a persistently challenging and dynamic operating environment.”

Hilex®, a Novolex® brand, today announced the launch of RollStar EZ Open Produce Bags that solve a vexing problem for shoppers: how to open a produce bag with sides that “stick” together. RollStar EZ Open Produce Bags come in different gauges and sizes for fruits and vegetables. Also available are RollStar bags designed for meat, fresh seafood and bakery items. The RollStar compact dispenser makes it simple for shoppers to take one bag at a time, reducing waste by ensuring they take only the bags they need. In addition to being easier to open, the new bags offer a number of other key features: *The Star Seal bottom bags are leak-proof and stronger than conventional flat seal bags; *The universal dispenser is narrow, fits in a variety of spaces and is compatible with most roll bags; *Custom fixtures and custom prints are available; *The bags are made at multiple manufacturing facilities, ensuring business continuity for single-source customers.