Ball Corporation (Ball): Analyse Pestle [Jan-2025 MISE À JOUR]

Ball Corporation se dresse au carrefour de l'innovation et de la transformation mondiale, naviguant des paysages complexes de défis politiques, économiques et technologiques avec une précision stratégique. Des solutions d'emballage durables aux technologies aérospatiales de pointe, cette entreprise dynamique démontre une adaptabilité remarquable dans un monde de plus en plus interconnecté. En analysant méticuleusement les dimensions complexes du pilon, nous découvrons les stratégies multiformes qui positionnent Ball Corporation en tant qu'acteur mondial résilient et avant-gardiste, stimulant une croissance durable et un progrès technologique dans divers secteurs du marché.

Ball Corporation (balle) - Analyse du pilon: facteurs politiques

Les politiques commerciales et les tarifs américains ont un impact sur les opérations mondiales de la fabrication et de la chaîne d'approvisionnement

En 2024, Ball Corporation est confrontée à des défis importants des politiques commerciales américaines. Les opérations de fabrication mondiales de l'entreprise sont directement touchées par les tarifs existants, en particulier ceux affectant l'aluminium et les emballages métalliques.

Impact de la politique commerciale	Pourcentage	Implication financière
Impact tarifaire en aluminium	7.5%	42,3 millions de dollars supplémentaires
Perturbation internationale de la chaîne d'approvisionnement	12.3%	67,8 millions de dollars ajustements opérationnels

Règlement sur la durabilité et l'environnement

Les réglementations environnementales influencent considérablement les secteurs de l'emballage et de l'aérospatiale de Ball Corporation.

• Coûts de conformité EPA: 23,6 millions de dollars en 2024
• Investissements de réduction des émissions de carbone: 55,4 millions de dollars
• Initiatives d'emballage durables: 68% du portefeuille de produits

Tensions géopolitiques perturbant les stratégies commerciales internationales

Les complexités géopolitiques créent des défis substantiels pour les opérations internationales de Ball Corporation.

Région	Indice des risques politiques	Impact commercial
Europe	4.2/10	37,5 millions de dollars ajustement des revenus potentiels
Asie-Pacifique	5.7/10	62,9 millions de dollars réalignement stratégique

Infrastructure gouvernementale et dépenses de défense

L'infrastructure du gouvernement américain et les dépenses de défense influencent directement le segment aérospatial de Ball Corporation.

• Valeur du contrat de défense: 1,2 milliard de dollars
• Contrats aérospatiaux de la NASA: 456,7 millions de dollars
• Partenariats du ministère de la Défense: 4 programmes actifs

Ball Corporation (balle) - Analyse du pilon: facteurs économiques

Fluctuant les prix de l'aluminium et des matières premières affectant les coûts de production

Au quatrième trimestre 2023, les coûts de matières premières de Ball Corporation pour l'aluminium étaient de 2 315 $ par tonne métrique, ce qui représente une volatilité de 7,3% par rapport à l'année précédente. Le total des frais d'approvisionnement matériel de la société en 2023 a atteint 4,76 milliards de dollars.

Année	Prix ​​en aluminium ($ / ton)	Coûts d'achat de matériel ($ b)	Volatilité des prix (%)
2023	2,315	4.76	7.3
2022	2,150	4.52	5.9

Incertitude économique continue et pressions de récession potentielles

Les revenus de Ball Corporation en 2023 étaient de 14,2 milliards de dollars, avec un Revenu net de 786 millions de dollars. La société a maintenu un ratio dette / capital-investissement de 1,42, indiquant une résilience financière modérée dans un contexte d'incertitudes économiques.

Forte demande des marchés d'emballage et aérospatiale stimulant la croissance des revenus

Les revenus du segment d'emballage en 2023 ont atteint 11,3 milliards de dollars, ce qui représente 79,6% du total des revenus des entreprises. Le segment aérospatial a contribué 2,9 milliards de dollars, démontrant des performances de marché robustes.

Segment	2023 revenus ($ b)	Pourcentage du total des revenus
Conditionnement	11.3	79.6%
Aérospatial	2.9	20.4%

Investissement dans des solutions d'emballage durables en tant que réponse économique stratégique

Ball Corporation a investi 328 millions de dollars dans la recherche et le développement de l'emballage durable en 2023, ce qui représente 2,3% des revenus totaux. La gamme de produits axée sur la durabilité de la société a généré 1,7 milliard de dollars de revenus.

Métrique de la durabilité	Valeur 2023
Investissement en R&D	328 millions de dollars
Revenus de produits durables	1,7 milliard de dollars
Pourcentage du total des revenus	12%

Ball Corporation (balle) - Analyse du pilon: facteurs sociaux

Préférence croissante des consommateurs pour l'emballage durable et recyclable

Selon le rapport sur le marché de l'emballage durable de 2023, le marché mondial des emballages durables était évalué à 237,8 milliards de dollars en 2022 et devrait atteindre 305,3 milliards de dollars d'ici 2027.

Emballage Métrique de la durabilité	2022 données	2023 projection
Taille du marché des emballages recyclables	189,5 milliards de dollars	215,6 milliards de dollars
Préférence des consommateurs pour un emballage durable	68%	73%

Augmentation des initiatives de diversité et d'inclusion de la main-d'œuvre

Ball Corporation a déclaré 44,5% de femmes dans la main-d'œuvre mondiale en 2022, avec 32,8% de femmes en postes de direction.

Métrique de la diversité	Pourcentage de 2022
Femmes dans la main-d'œuvre mondiale	44.5%
Femmes dans des rôles de leadership	32.8%
Minorités raciales / ethniques sur la main-d'œuvre américaine	38.2%

Changer les comportements des consommateurs vers des produits soucieux de l'environnement

La recherche sur le QI de Nielsen indique que 73% des consommateurs mondiaux modifieraient les habitudes de consommation pour réduire l'impact environnemental.

Comportement de la durabilité des consommateurs	Pourcentage
Prêt à payer la prime pour les produits durables	66%
Recherche activement un emballage écologique	61%

Demande croissante de solutions d'emballage légères et innovantes

Le marché mondial des emballages légers devrait atteindre 572,4 milliards de dollars d'ici 2027, augmentant à un TCAC de 5,2% par rapport à 2022.

Métrique du marché d'emballage léger	Valeur 2022	2027 projection
Taille du marché	442,6 milliards de dollars	572,4 milliards de dollars
Taux de croissance annuel composé	5.2%	5.2%

Ball Corporation (balle) - Analyse du pilon: facteurs technologiques

Technologies de fabrication avancées améliorant l'efficacité de la production

Ball Corporation a investi 47,3 millions de dollars dans les dépenses en capital pour les mises à niveau des technologies de fabrication en 2022. La société a mis en œuvre des systèmes robotiques avancés dans 12 installations de fabrication, augmentant l'efficacité des lignes de production de 22,6%.

Investissement technologique	2022 dépenses	Amélioration de l'efficacité
Systèmes de fabrication robotique	18,5 millions de dollars	22.6%
Lignes d'emballage automatisées	15,2 millions de dollars	18.3%
Intégration IoT	13,6 millions de dollars	16.7%

Investissement dans les processus de transformation numérique et d'automatisation

Ball Corporation a alloué 62,4 millions de dollars aux initiatives de transformation numérique en 2022, en se concentrant sur le cloud computing, l'analyse des données et l'optimisation des processus dirigés par l'IA. La société a mis en œuvre des algorithmes d'apprentissage automatique dans 8 usines de production, réduisant les coûts opérationnels de 15,3%.

Développement de technologies d'emballage durables

Ball Corporation a investi 35,7 millions de dollars dans la recherche et le développement de l'emballage durable en 2022. La société a réalisé 98% de production d'emballages en aluminium recyclable dans ses installations mondiales, réduisant les émissions de carbone de 27 500 tonnes métriques.

Métrique d'emballage durable	2022 Performance
Pourcentage d'emballage recyclable	98%
Réduction des émissions de carbone	27 500 tonnes métriques
Investissement en R&D	35,7 millions de dollars

Technologies aérospatiales innovantes améliorant les capacités de défense et d'exploration spatiale

Le segment Aerospace Ball a généré 621,3 millions de dollars de revenus en 2022, avec des investissements importants dans la technologie des satellites et les systèmes d'exploration spatiale. La société a obtenu 412 millions de dollars en NASA et en technologies de contrat de défense, développant des capteurs avancés et des composants satellites.

Métriques de la technologie aérospatiale	2022 données
Revenus de segment aérospatial	621,3 millions de dollars
NASA / Valeur du contrat de défense	412 millions de dollars
De nouveaux développements de capteurs satellites	7 systèmes avancés

Ball Corporation (balle) - Analyse du pilon: facteurs juridiques

Conformité aux réglementations environnementales et aux normes de durabilité

Ball Corporation a déclaré 12,6 milliards de dollars de revenus totaux pour 2022, avec des investissements importants dans la conformité à la durabilité. La société a engagé 50 millions de dollars à des initiatives d'emballage durables d'ici 2030.

Métriques de la conformité de la réglementation environnementale	2022 données
Cible de réduction des émissions de carbone	Réduction de 55% d'ici 2030
Consommation d'énergie renouvelable	37% de la consommation totale d'énergie
Taux de recyclage dans la fabrication	Taux de détournement de déchets à 92%

Protection de la propriété intellectuelle

Ball Corporation détenait 394 brevets actifs en 2022, avec 400 millions de dollars investis dans la R&D pour les emballages innovants et les technologies aérospatiales.

Catégories de propriété intellectuelle	Nombre de brevets
Technologie d'emballage	276 brevets
Technologie aérospatiale	118 brevets

Examen antitrust et réglementaire potentiel

Ball Corporation opère dans 10 pays avec 17,3 milliards de dollars de capitalisation boursière, face à des examens réglementaires potentiels dans plusieurs juridictions.

Régions de conformité réglementaire	Enquêtes juridiques actives
États-Unis	2 revues antitrust en cours
Union européenne	1 enquête sur la concurrence du marché

Règlements sur le commerce et la fabrication internationaux

Ball Corporation maintient le respect des réglementations commerciales internationales dans 29 installations de fabrication dans le monde.

Zones de conformité manufacturières	Statut réglementaire
Conformité commerciale de l'OMC	Compliance complète dans toutes les régions opérationnelles
Certification ISO 9001	Certifié en 100% des installations de fabrication
Atteindre la conformité au réglementation	Pleinement conforme aux opérations européennes

Ball Corporation (balle) - Analyse du pilon: facteurs environnementaux

Engagement envers l'économie circulaire et les solutions d'emballage durables

Ball Corporation a rapporté un 67% de contenu recyclé dans l'emballage de boissons en aluminium En 2023. Les solutions d'emballage durables de l'entreprise comprennent:

Type d'emballage	Pourcentage de contenu recyclé	Volume annuel
Canettes de boissons en aluminium	67%	47,6 milliards d'unités
Conteneurs d'aérosols en aluminium	55%	6,2 milliards d'unités

Réduire l'empreinte carbone à travers les opérations de fabrication

Ball Corporation a atteint les mesures de réduction du carbone suivantes en 2023:

• Portées 1 et 2 Émissions de gaz à effet de serre: 1,04 million de tonnes métriques CO2E
• Réduction de l'intensité du carbone: 24,5% par rapport à la ligne de base 2017
• Améliorations de l'efficacité énergétique: réduction de 3,2% en glissement annuel

Investir dans des énergies renouvelables et des stratégies de réduction des déchets

Investissement d'énergie renouvelable	Montant	Pourcentage d'énergie totale
Accords d'achat d'énergie éolienne	87,4 millions de dollars	42%
Installations d'énergie solaire	53,2 millions de dollars	22%

Réduction des déchets en 2023:

• Les déchets totaux détournés des décharges: 89%
• Réduction de la consommation d'eau: 12,3 millions de gallons
• Taux de recyclage entre les installations de fabrication: 93%

Développer des alternatives d'emballage respectueuses de l'environnement pour les marchés mondiaux

Marché	Investissement d'emballage respectueux de l'environnement	Pénétration du marché projeté
Amérique du Nord	124,6 millions de dollars	58%
Union européenne	92,3 millions de dollars	45%
Asie-Pacifique	76,5 millions de dollars	37%

Dépenses d'innovation d'emballage durable: 43,2 millions de dollars en recherche et développement pour 2023.

Ball Corporation (BALL) - PESTLE Analysis: Social factors

Strong, accelerating consumer preference for aluminum over plastic packaging.

You are seeing a massive, accelerating shift in consumer behavior, and it's a tailwind Ball Corporation is riding hard. People are defintely moving away from plastic, driven by a clearer understanding of its poor recycling rate versus aluminum's near-perfect circularity. The global aluminum cans market is projected to grow from $61.1 billion in 2024 to $63.2 billion in 2025, showing a clear trajectory. This isn't just a trend; it's a fundamental change in purchasing criteria.

This preference is quantifiable in Ball Corporation's recent performance. Global aluminum packaging shipments increased by 4.1% in the second quarter of 2025 and another 3.9% in the third quarter of 2025, which helped drive the company's Q1 2025 revenue up 7.8% to $3.10 billion. Consumers are not just saying they prefer sustainable packaging; they are buying it, even if it costs a bit more. My own analysis shows that when available, 73% of consumers would choose environmentally friendly options, and half would be willing to pay a premium for them. That's a powerful demand signal.

Demand for low-carbon, circular economy products drives brand partnerships.

The circular economy-where materials are kept in use for as long as possible-is a non-negotiable for major consumer packaged goods (CPG) brands, and they are partnering with Ball Corporation to meet their own net-zero targets. The key metric here is energy savings: recycled aluminum uses only about 5% of the energy required to produce virgin aluminum. This efficiency makes aluminum the default low-carbon packaging choice.

Ball Corporation has set an ambitious industry vision to push the global average recycled content rate to as much as 85% and the recycling rate past 90%. To get there, they're focused on lightweighting and sourcing. In 2024, the volume of their lightweight STARcan designs, which reduce a can's carbon footprint by up to 8%, reached 56% of total can production, with a goal of 80% by 2030. Also, 80% of the aluminum Ball Corporation purchased in 2024 came from fully Aluminium Stewardship Initiative (ASI)-certified rolling mills, which is a big deal for supply chain transparency.

Health trends favor aluminum cans for controlled portion sizes and perceived safety (BPA-free linings).

Health and wellness trends are quietly boosting the aluminum can's appeal in two key ways: material safety and portion control. The consumer push for safer food contact materials has made Bisphenol A non-intent (BPA-NI) linings a standard expectation. Ball Corporation has been steadily converting its supply, with 60% of its inside spray purchased globally in 2024 being BPA-NI compliant, up from 58% in 2023.

Plus, the rise of smaller, single-serve formats for everything from energy drinks to craft beer is a direct nod to controlled portion sizes. Ball Corporation has specifically noted industry growth in the 7.5-ounce mini can size. This smaller format appeals to the health-conscious consumer looking to manage sugar or alcohol intake. It's a smart way to align with consumer health goals without losing unit sales.

Here's a quick look at Ball Corporation's material health progress:

Material Health Metric	2024 Status	Goal/Significance
BPA-NI Compliant Inside Spray Purchased (Global)	60%	Addresses consumer safety concerns over Bisphenol A.
Coatings, Inks, & Compounds C2C Material Health Certified (by volume)	93%	Demonstrates chemical transparency and safety.
Cans using STARcan Lightweight Design (Volume)	56%	Reduces carbon footprint by up to 8% per can.

Labor shortages in manufacturing and logistics challenge production schedules.

While demand is strong, the social factor that creates near-term operational risk is the persistent labor shortage in U.S. manufacturing and logistics. This isn't just a Ball Corporation problem; it's industry-wide. In a May 2025 survey, 70% of manufacturing respondents stated their organizations are impacted by a labor shortage.

The problem is twofold: a lack of available labor and a shortage of skilled tradespeople. Approximately 20.6% of U.S. manufacturing plants that couldn't operate at full capacity in Q3 2024 cited insufficient labor or skills as the key constraint. This shortage drives up costs and can disrupt the supply chain, which is a major concern when Ball Corporation's global packaging shipments are growing.

The cost of this churn is significant, too. Replacing one skilled frontline worker can cost a manufacturer anywhere from US$10,000 to US$40,000. This forces companies to invest heavily in automation and retention just to keep pace with demand.

• 70% of manufacturers report labor shortage impact in 2025.
• 60% of manufacturers cite retention as a top challenge.
• Hiring and training is a costly, complex bottleneck.

Ball Corporation (BALL) - PESTLE Analysis: Technological factors

Lightweighting initiatives reduce material use by up to 10% per can, cutting costs.

You need to see the packaging industry's technology through the lens of cost and sustainability, because for Ball Corporation, they are the same thing. The most significant technological push is in aluminum lightweighting. This isn't just a marketing story; it's a massive operational cost lever. Ball's goal is to convert 80% of its global beverage can volumes to its advanced lightweight STARcan designs by 2030, a clear indicator of the strategic priority for this technology.

Less aluminum per can means lower raw material costs, plus it reduces the downstream emissions from transportation, which is a major part of their value chain footprint. The continued refinement of the can wall thickness and dome strength through proprietary alloys and design optimization is what drives this. Honestly, every fraction of a millimeter saved on billions of cans translates into tens of millions of dollars in material and freight savings. It's a simple, powerful equation.

New high-speed can lines increase production efficiency and lower energy consumption per unit.

The core of Ball Corporation's profitability is its manufacturing efficiency, and that comes down to the speed and reliability of its can lines. The company is committed to operational excellence, which is why it plans for capital expenditures (CapEx) for property, plant, and equipment to be around $600 million for the 2025 fiscal year. A significant portion of this investment goes into new, high-speed can lines and the Ball Business System, which is their framework for driving productivity gains.

These new lines are designed for maximum throughput and minimum energy use per unit. The result is a more resilient supply chain and better margins. For example, strong operational efficiencies and volume growth are key drivers behind the company's projected 12% to 15% growth in comparable diluted earnings per share (EPS) for 2025.

Here's the quick math on their 2025 technology investment focus:

Metric	2025 Target/Value	Technological Driver
Capital Expenditures (CapEx)	~$600 million	New high-speed lines & asset maintenance
Comparable Diluted EPS Growth	12% to 15%	Operational efficiency & volume momentum
STARcan Volume Conversion Goal (by 2030)	80%	Lightweighting technology

Digital twin technology is defintely being used to optimize plant maintenance and reduce downtime.

The next frontier in manufacturing is the digital factory, and Ball is actively pursuing digital transformation strategies. While the company doesn't publish a specific return on investment (ROI) for this yet, the industry standard for digital twin technology-a virtual replica of a physical system-is clear: it's all about predictive maintenance. Instead of waiting for a high-speed line to fail, which is incredibly costly, the digital twin analyzes real-time sensor data to predict component failure.

This foresight allows maintenance to be scheduled proactively, minimizing unplanned downtime. In the broader manufacturing sector, companies using digital twins are seeing a 30% to 60% improvement in productivity and a roughly 20% reduction in material waste. Ball's focus on its Ball Business System is precisely about capturing these kinds of efficiency gains in its global network of plants.

Advanced printing and shaping technologies open new premium branding opportunities.

Technology isn't just about efficiency; it's about market differentiation, too. Ball Corporation has significantly advanced its proprietary printing technology, re-launching it as Dynamark™ Advanced Pro in late 2024 for the EMEA region. This is a game-changer for brand owners because it moves beyond static designs to mass-scale personalization.

The technology allows for variable print integration, meaning a single production run can include multiple graphics. This is a crucial capability for premium brands looking to create limited-edition runs or highly localized marketing campaigns.

• Integrates up to 12 different images on one pallet.
• Enables variable print technology for personalization.
• Uses multiple colors and halftones for creative freedom.
• Allows faster adaptation to market trends and customer preferences.

This innovation directly supports the higher-margin, non-alcoholic beverage and energy drink segments, which are key volume growth drivers for the company in 2025. The ability to offer this level of customization gives Ball a strong competitive edge over less technologically advanced packaging rivals.

Ball Corporation (BALL) - PESTLE Analysis: Legal factors

You're looking at Ball Corporation's legal landscape in 2025, and what you see is a complex web of environmental and competition law that directly translates into capital expenditure and operational risk. The key takeaway is that the biggest legal risks are shifting from traditional antitrust fines to continuous, high-cost compliance with global sustainability mandates, particularly in Europe. The cost of non-compliance is now the cost of being shut out of major markets.

Extended Producer Responsibility (EPR) laws shift recycling costs onto producers in Europe and North America

The rise of Extended Producer Responsibility (EPR) laws across Europe and now in U.S. states like Oregon and Maine is fundamentally changing who pays for recycling. Simply put, the financial burden of managing post-consumer packaging waste is being legally transferred from municipalities to the producers-companies like Ball Corporation and its customers. This shift forces us to model a new line item: EPR fees, which are often 'eco-modulated' (meaning the fee is lower for easily recyclable materials like aluminum).

Here's the quick math: Aluminum's high scrap value and infinite recyclability give Ball Corporation a structural advantage over plastics, which face higher fees. Still, the company must budget for these costs. While a single, comprehensive 2025 EPR cost is not broken out in their segment reporting, the financial pressure is clear. The company's Q2 2025 comparable operating earnings for the EMEA region were a strong $129 million, but maintaining that requires proactive cost management against these new fees. To be fair, this regulation is a tailwind for aluminum's market share, but it's a cost headwind for the entire supply chain.

EU's Packaging and Packaging Waste Regulation (PPWR) sets mandatory reuse and recycling targets

The new European Regulation on Packaging and Packaging Waste (EU 2025/40), which entered into force in February 2025, is the single most important piece of European legislation for Ball Corporation's long-term strategy. While the full application is set for August 2026, the 2025 targets are already in effect under the prior directive, and the new regulation sets a clear, non-negotiable path for the next decade. The core of the PPWR is forcing a circular economy (a system aimed at eliminating waste), and aluminum is uniquely positioned to benefit, but the targets are aggressive.

The regulation mandates specific material recycling targets that Ball Corporation must help its customers meet. The company is actively advocating for mandatory Deposit Return Systems (DRS) across the EU to hit these numbers. Honestly, without DRS, hitting the 2030 target for aluminum will be defintely difficult.

PPWR Mandatory Recycling Targets (By Weight)	Target Deadline	Aluminum Target	Plastic Target (for comparison)
Near-Term Target	December 31, 2025	50%	50%
Mid-Term Target	December 31, 2030	60%	55%

Increased scrutiny on antitrust and competition in the consolidated global can market

The global beverage can market is highly consolidated, with Ball Corporation holding a dominant global market share of around 30%. This scale is a competitive advantage, but it also makes the company a perennial target for antitrust (competition) scrutiny. The legal risk here isn't a new product; it's the potential for regulators to block strategic growth or force divestitures to maintain market balance.

The precedent for this risk is huge. For example, to gain approval for its 2016 acquisition of Rexam PLC, the U.S. Federal Trade Commission (FTC) required Ball Corporation to divest eight aluminum can plants in the U.S. to Ardagh Group S.A. This action clearly demonstrates the regulatory sensitivity to any transaction that could lessen competition for standard 12-ounce aluminum cans. Any future merger or major capacity acquisition will face immediate, intense scrutiny from regulators in the U.S., EU, and Brazil, potentially adding significant time and cost to any deal.

Stricter food contact material regulations (e.g., PFAS, coatings) require continuous R&D compliance

The legal and health focus on Per- and Polyfluoroalkyl Substances (PFAS, or 'forever chemicals') and Bisphenol A (BPA) in can coatings is a massive compliance effort. This isn't just a PR issue; it's a regulatory mandate that requires continuous, expensive R&D to reformulate products. The good news is Ball Corporation is ahead of the curve, which mitigates near-term legal risk and provides a competitive edge.

The company has already completed a major conversion in its most critical market. Its Beverage Packaging North and Central America (BPNCA) region has converted 100% of its coatings to PFAS-NI (no intentionally added PFAS) regulatory-compliant products as of November 2023. This proactive move insulates them from the wave of state-level bans, like those taking effect in multiple U.S. states in 2025. Plus, the conversion away from BPA is well underway, but not complete globally, so there is still work to do.

• PFAS-NI Compliance: BPNCA region is 100% compliant as of November 2023.
• BPA-NI Compliance: 58% of inside spray purchased was BPA-NI compliant at year-end 2024.
• 2025 Regulatory Trigger: Japan's updated positive list system for food contact materials completes its transition into regulation in 2025, requiring global suppliers to maintain dual-compliance strategies.

Ball Corporation (BALL) - PESTLE Analysis: Environmental factors

Commitment to 2030 targets for an absolute reduction of Scope 1 and 2 GHG emissions by 55%.

Ball Corporation's climate strategy is anchored by a science-based target: an absolute reduction of Scope 1 and 2 greenhouse gas (GHG) emissions by 55% by 2030, measured against a 2017 baseline. This means the company must cut total emissions from its own operations, regardless of production volume growth. To achieve this, a key near-term milestone is reaching 75% renewable electricity globally by the end of 2025. This is a massive operational shift, and it's defintely a core driver of capital expenditure in the near term.

The company's focus is on two main levers within its manufacturing footprint:

• Achieve 100% renewable electricity globally by 2030.
• Improve energy efficiency (electricity and natural gas) by 30% in can manufacturing between 2020 and 2030.

Here's the quick math: In 2021, the company's Scope 1 and 2 emissions were 911,576 metric tons, which was already 24% less than the 2017 baseline. The remaining reduction to hit the 55% target is substantial, requiring aggressive investment in power purchase agreements (PPAs) and on-site efficiency projects in the next five years.

High aluminum recycling rates (up to 70% globally) support the circular business model.

The circularity of aluminum is Ball Corporation's primary competitive advantage and its biggest decarbonization lever. Manufacturing with recycled aluminum is approximately 20 times less energy-intensive than using virgin material, so driving up recycled content directly cuts the carbon footprint of their product. The average recycled content in Ball's aluminum beverage cans globally stood at approximately 70% as of 2023, which is a high mark for the industry.

The company's long-term vision is to align the entire industry to achieve a 90% global recycling rate for aluminum beverage cans, bottles, and cups by 2030. This goal, however, relies heavily on external policy and infrastructure development, particularly in markets like the U.S. where the recycling rate for aluminum cans was around 43% in 2023. This is a key strategic risk: Ball's environmental performance is tied to the public recycling infrastructure it does not directly control.

Water stewardship in high-stress regions is a growing operational and reputational risk.

Water scarcity is an acute physical risk for Ball Corporation, especially in regions vital for its manufacturing footprint. Using globally recognized risk tools, the company has identified that 40% of its total water withdrawn is in areas categorized as high to extremely high water stress. Furthermore, 30% of their manufacturing facilities are located in these water-stressed areas, creating a clear operational challenge and a potential source of community conflict.

To mitigate this, Ball has set a goal for a 50% water efficiency improvement across its beverage operations by 2030. This requires significant investment in closed-loop systems and water reuse technologies at the plant level. A few of the U.S. locations identified as being in extremely high or arid and low-use water stressed areas include Golden, Colorado; Ft Worth, Texas; and Goodyear, Arizona. Managing water consumption is not just an environmental issue; it is a business continuity issue in these regions.

Increased investor focus on Task Force on Climate-Related Financial Disclosures (TCFD) reporting.

Investor and regulatory pressure for clear, standardized climate risk disclosure is intensifying in 2025. Ball Corporation is responding by aligning its risk and opportunity disclosures with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), also considering the new International Sustainability Standards Board (ISSB) guidance. This means formally integrating climate-related risks (both transition and physical) into financial planning and governance structures.

The TCFD framework requires a clear assessment of how climate risks could impact the enterprise value. For Ball, this includes:

• Transition Risk: Increased costs of recycled aluminum due to lack of supply in key markets.
• Physical Risk: Temporary shutdowns of manufacturing plants due to chronic water stress or acute weather events.

The market is demanding this transparency. Investors are now using these disclosures to model the financial resilience of the business under different climate scenarios, which directly impacts the cost of capital.

Environmental Metric / Indicator	Ball Corporation 2025 Status/Target	Baseline/Context
Absolute Scope 1 & 2 GHG Reduction Target	55% by 2030 (Science-Based Target)	Against a 2017 baseline.
Global Renewable Electricity Target	75% globally by end of 2025 (Interim Goal)	Target is 100% by 2030.
Average Recycled Content in Aluminum Cans	Approximately 70% (2023 data)	2030 goal is 85% average recycled content.
Water Withdrawn in High-Stress Areas	40% of total water withdrawn	30% of facilities are located in high-stress areas.
Water Efficiency Improvement Target	50% in beverage operations by 2030	Focus on high-risk sites like Golden, CO and Ft Worth, TX.

The biggest environmental financial risk right now is Extended Producer Responsibility (EPR) legislation sweeping the U.S. In states like Oregon, which began collecting fees in 2025, the cost structure is designed to punish hard-to-recycle materials. For example, the estimated fee for highly recyclable materials like paper is as low as $0.03/lb, but for multi-material films and laminates, it can jump to $1.43/lb. What this estimate hides is the regional variation in EPR costs. In some US states, the financial burden could be 3x higher than in others for the same material if the local recycling infrastructure is weaker or the program covers more costs. Finance: Draft a 13-week cash view modeling three different EPR cost scenarios by Friday.