Ball Corporation (Ball): Análise de Pestle [Jan-2025 Atualizado]

A Ball Corporation fica na encruzilhada da inovação e da transformação global, navegando em paisagens complexas de desafios políticos, econômicos e tecnológicos com precisão estratégica. Desde soluções de embalagem sustentável até tecnologias aeroespaciais de ponta, essa empresa dinâmica demonstra adaptabilidade notável em um mundo cada vez mais interconectado. Ao analisar meticulosamente as intrincadas dimensões de pilão, descobrimos as estratégias multifacetadas que posicionam a Ball Corporation como um jogador global resiliente e com visão de futuro, impulsionando o crescimento sustentável e o avanço tecnológico em diversos setores de mercado.

Ball Corporation (Ball) - Análise de Pestle: Fatores Políticos

As políticas comerciais e as tarifas dos EUA impactam as operações globais da cadeia de suprimentos e da cadeia de suprimentos

A partir de 2024, a Ball Corporation enfrenta desafios significativos das políticas comerciais dos EUA. As operações globais de fabricação da empresa são diretamente impactadas pelas tarifas existentes, particularmente aquelas que afetam a embalagem de alumínio e metal.

Impacto da política comercial	Percentagem	Implicação financeira
Impacto tarifário de alumínio	7.5%	US $ 42,3 milhões custos adicionais
Interrupção internacional da cadeia de suprimentos	12.3%	US $ 67,8 milhões de ajustes operacionais

Sustentabilidade e regulamentos ambientais

Os regulamentos ambientais influenciam significativamente os setores de embalagens e aeroespaciais da Ball Corporation.

• Custos de conformidade da EPA: US $ 23,6 milhões em 2024
• Investimentos de redução de emissão de carbono: US $ 55,4 milhões
• Iniciativas de embalagem sustentável: 68% do portfólio de produtos

Tensões geopolíticas interrompendo estratégias de negócios internacionais

As complexidades geopolíticas criam desafios substanciais para as operações internacionais da Ball Corporation.

Região	Índice de Risco Político	Impacto nos negócios
Europa	4.2/10	US $ 37,5 milhões em potencial ajuste de receita
Ásia-Pacífico	5.7/10	US $ 62,9 milhões de realinhamento estratégico

Infraestrutura do governo e gastos de defesa

Os gastos com infraestrutura e defesa do governo dos EUA influenciam diretamente o segmento aeroespacial da Ball Corporation.

• Valor do contrato de defesa: US $ 1,2 bilhão
• Contratos aeroespaciais da NASA: US $ 456,7 milhões
• Parcerias do Departamento de Defesa: 4 programas ativos

Ball Corporation (Ball) - Análise de Pestle: Fatores Econômicos

Os preços flutuantes de alumínio e matéria -prima que afetam os custos de produção

A partir do quarto trimestre de 2023, os custos de matéria -prima da Ball Corporation para alumínio foram de US $ 2.315 por tonelada, representando uma volatilidade de 7,3% em comparação com o ano anterior. As despesas totais de aquisição de materiais da Companhia em 2023 atingiram US $ 4,76 bilhões.

Ano	Preço de alumínio ($/ton)	Custos de aquisição de materiais ($ B)	Volatilidade dos preços (%)
2023	2,315	4.76	7.3
2022	2,150	4.52	5.9

Incerteza econômica em andamento e potenciais pressões recessivas

A receita da Ball Corporation em 2023 foi de US $ 14,2 bilhões, com um lucro líquido de US $ 786 milhões. A Companhia manteve uma relação dívida / patrimônio de 1,42, indicando resiliência financeira moderada em meio a incertezas econômicas.

Forte demanda nos mercados de embalagens e aeroespaciais que impulsionam o crescimento da receita

A receita do segmento de embalagem em 2023 atingiu US $ 11,3 bilhões, representando 79,6% da receita corporativa total. O segmento aeroespacial contribuiu com US $ 2,9 bilhões, demonstrando desempenho robusto no mercado.

Segmento	2023 Receita ($ b)	Porcentagem da receita total
Embalagem	11.3	79.6%
Aeroespacial	2.9	20.4%

Investimento em soluções de embalagem sustentável como uma resposta econômica estratégica

A Ball Corporation investiu US $ 328 milhões em pesquisa e desenvolvimento de embalagens sustentáveis ​​em 2023, representando 2,3% da receita total. A linha de produtos focada na sustentabilidade da empresa gerou US $ 1,7 bilhão em receita.

Métrica de sustentabilidade	2023 valor
Investimento em P&D	US $ 328 milhões
Receita sustentável de produtos	US $ 1,7 bilhão
Porcentagem da receita total	12%

Ball Corporation (Ball) - Análise de Pestle: Fatores sociais

Crescente preferência do consumidor por embalagens sustentáveis ​​e recicláveis

De acordo com o relatório do mercado de embalagens sustentáveis ​​de 2023, o mercado global de embalagens sustentáveis ​​foi avaliado em US $ 237,8 bilhões em 2022 e deve atingir US $ 305,3 bilhões até 2027.

Métrica de sustentabilidade da embalagem	2022 dados	2023 Projeção
Tamanho do mercado de embalagens recicláveis	US $ 189,5 bilhões	US $ 215,6 bilhões
Preferência do consumidor por embalagens sustentáveis	68%	73%

Aumentando iniciativas de diversidade e inclusão da força de trabalho

A Ball Corporation registrou 44,5% de mulheres na força de trabalho global em 2022, com 32,8% de mulheres em posições de liderança.

Métrica de diversidade	2022 porcentagem
Mulheres na força de trabalho global	44.5%
Mulheres em papéis de liderança	32.8%
Minorias raciais/étnicas na força de trabalho dos EUA	38.2%

Mudança de comportamentos do consumidor em relação a produtos ambientalmente conscientes

A pesquisa do NIELSEN QI indica que 73% dos consumidores globais alterariam os hábitos de consumo para reduzir o impacto ambiental.

Comportamento de sustentabilidade do consumidor	Percentagem
Disposto a pagar prêmio por produtos sustentáveis	66%
Buscando ativamente embalagens ecológicas	61%

Crescente demanda por soluções de embalagem leves e inovadoras

O mercado global de embalagens leves deve atingir US $ 572,4 bilhões até 2027, crescendo a um CAGR de 5,2%, de 2022.

Métrica do mercado de embalagens leves	2022 Valor	2027 Projeção
Tamanho de mercado	US $ 442,6 bilhões	US $ 572,4 bilhões
Taxa de crescimento anual composta	5.2%	5.2%

Ball Corporation (Ball) - Análise de Pestle: Fatores tecnológicos

Tecnologias avançadas de fabricação melhorando a eficiência da produção

A Ball Corporation investiu US $ 47,3 milhões em despesas de capital para atualizações de tecnologia de fabricação em 2022. A Companhia implementou sistemas robóticos avançados em 12 instalações de fabricação, aumentando a eficiência da linha de produção em 22,6%.

Investimento em tecnologia	2022 Despesas	Melhoria de eficiência
Sistemas de fabricação robótica	US $ 18,5 milhões	22.6%
Linhas de embalagem automatizadas	US $ 15,2 milhões	18.3%
Integração da IoT	US $ 13,6 milhões	16.7%

Investimento em processos de transformação e automação digital

A Ball Corporation alocou US $ 62,4 milhões para iniciativas de transformação digital em 2022, com foco na computação em nuvem, análise de dados e otimização de processos orientada por IA. A empresa implementou algoritmos de aprendizado de máquina em 8 plantas de produção, reduzindo os custos operacionais em 15,3%.

Desenvolvimento de tecnologias de embalagem sustentável

A Ball Corporation investiu US $ 35,7 milhões em pesquisa e desenvolvimento de embalagens sustentáveis ​​em 2022. A empresa alcançou 98% de produção de embalagens de alumínio reciclável em suas instalações globais, reduzindo as emissões de carbono em 27.500 toneladas.

Métrica de embalagem sustentável	2022 Performance
Porcentagem de embalagem reciclável	98%
Redução de emissões de carbono	27.500 toneladas métricas
Investimento em P&D	US $ 35,7 milhões

Tecnologias aeroespaciais inovadoras que melhoram os recursos de exploração de defesa e espaço

O segmento aeroespacial de bola gerou US $ 621,3 milhões em receita em 2022, com investimentos significativos em tecnologia de satélite e sistemas de exploração espacial. A empresa garantiu US $ 412 milhões em tecnologias de contratos de defesa da NASA, desenvolvendo sensores avançados e componentes de satélite.

Métricas de tecnologia aeroespacial	2022 dados
Receita do segmento aeroespacial	US $ 621,3 milhões
NASA/valor do contrato de defesa	US $ 412 milhões
Novos desenvolvimentos de sensores de satélite	7 sistemas avançados

Ball Corporation (Ball) - Análise de Pestle: Fatores Legais

Conformidade com regulamentos ambientais e padrões de sustentabilidade

A Ball Corporation registrou US $ 12,6 bilhões em receita total em 2022, com investimento significativo em conformidade com a sustentabilidade. A empresa comprometeu US $ 50 milhões a iniciativas sustentáveis ​​de embalagens até 2030.

Métricas de conformidade da regulamentação ambiental	2022 dados
Alvo de redução de emissão de carbono	Redução de 55% até 2030
Uso de energia renovável	37% do consumo total de energia
Taxa de reciclagem na fabricação	92% de taxa de desvio de resíduos

Proteção à propriedade intelectual

A Ball Corporation detinha 394 patentes ativas a partir de 2022, com US $ 400 milhões investidos em P&D para embalagens inovadoras e tecnologias aeroespaciais.

Categorias de propriedade intelectual	Número de patentes
Tecnologia de embalagem	276 patentes
Tecnologia aeroespacial	118 patentes

Potencial antitruste e escrutínio regulatório

A Ball Corporation opera em 10 países com capitalização de mercado de US $ 17,3 bilhões, enfrentando possíveis revisões regulatórias em várias jurisdições.

Regiões de conformidade regulatória	Investigações legais ativas
Estados Unidos	2 revisões antitruste em andamento
União Europeia	1 Investigação de concorrência no mercado

Regulamentos de comércio e fabricação internacionais

A Ball Corporation mantém a conformidade com os regulamentos comerciais internacionais em 29 instalações de fabricação em todo o mundo.

Áreas de conformidade de fabricação	Status regulatório
AMC com conformidade comercial	Conformidade total em todas as regiões operacionais
Certificação ISO 9001	Certificado em 100% das instalações de fabricação
Alcance a conformidade da regulamentação	Totalmente compatível em operações europeias

Ball Corporation (Ball) - Análise de Pestle: Fatores Ambientais

Compromisso com a economia circular e soluções de embalagens sustentáveis

Ball Corporation relatou um 67% de conteúdo reciclado na embalagem de bebidas de alumínio A partir de 2023. As soluções de embalagens sustentáveis ​​da empresa incluem:

Tipo de embalagem	Porcentagem de conteúdo reciclado	Volume anual
Latas de bebidas de alumínio	67%	47,6 bilhões de unidades
Recipientes de aerossol de alumínio	55%	6,2 bilhões de unidades

Reduzindo a pegada de carbono nas operações de fabricação

A Ball Corporation alcançou as seguintes métricas de redução de carbono em 2023:

• Escopo 1 e 2 Emissões de gases de efeito estufa: 1,04 milhão de toneladas métricas CO2E
• Redução da intensidade do carbono: 24,5% em comparação com a linha de base de 2017
• Melhorias de eficiência energética: redução de 3,2% ano a ano

Investir em estratégias de energia renovável e redução de resíduos

Investimento de energia renovável	Quantia	Porcentagem de energia total
Acordos de compra de energia eólica	US $ 87,4 milhões	42%
Instalações de energia solar	US $ 53,2 milhões	22%

Realizações de redução de resíduos em 2023:

• Resíduos totais desviados de aterros de aterros: 89%
• Redução do consumo de água: 12,3 milhões de galões
• Taxa de reciclagem em instalações de fabricação: 93%

Desenvolvendo alternativas de embalagem ecológicas para mercados globais

Mercado	Investimento de embalagem ecológico	Penetração de mercado projetada
América do Norte	US $ 124,6 milhões	58%
União Europeia	US $ 92,3 milhões	45%
Ásia-Pacífico	US $ 76,5 milhões	37%

Despesas de inovação de embalagens sustentáveis: US $ 43,2 milhões em pesquisa e desenvolvimento para 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.