Amcor : 2022 Sustainability Report Summary

FA C E S O F S U S TA I N A B I L I T Y

Sustainability Report 2022

About the cover

On the cover of our Sustainability Report for fiscal year 2022 (FY22) are some of the faces behind the great work that is done every day by Amcor colleagues to help move our sustainability efforts forward.

Many of these individuals were nominated by their respective Business Groups for Amcor's highest recognition within the company: the Outperformance Awards, in the Environmental category. Here is a summary of the submissions for the environment award, along with the winning entry from Amcor Flexibles Asia Pacific, the "Power Meter" project.

Amcor Flexibles Asia Pacific: "Power Meter" project for energy consumption monitoring and reduction

The "Power Meter" project monitored the energy consumption of each major piece of equipment at the Amcor Flexibles Asia Pacific plant in Bangkok. After an in-depth analysis, the engineering team was able to use this data to identify opportunities to reduce electricity usage. As a result, the Amcor Flexibles Bangkok site was able

to reduce its carbon footprint by 2,700 metric tons of carbon dioxide equivalent (CO2e) in FY22.

Amcor Flexibles Europe Middle East and Africa: Reducing carbon dioxide emissions in transport, one truck at a time

In response to the European Commission's 2030 Climate Target Plan and with the goal of reducing net greenhouse gases by 2030,

Amcor Flexibles Lodz launched

a multifaceted project to optimize efficiency in the delivery of finished goods. The team used an application called "Gate Pass"

to efficiently manage loading windows and reduce emissions caused by idling, by increasing the loading capacity per truck

in order to reduce the total number of transport trucks needed.

Amcor Flexibles Latin America: Recycle-ready portfolio roadmap for BRF

In partnership with food processing company BRF, the Amcor Flexibles Latin America team developed

a strong and comprehensive sustainability roadmap for all product lines, including ones that could be incorporated into its future supply offering. This project not only helped contribute to BRF's sustainability goals,

but was also fully aligned with Amcor's pledge to make

all packaging recyclable, reusable, or compostable by 2025.

"The Amcor Flexibles Bangkok site was able to reduce its carbon footprint by 2,700 metric tons of CO2e in FY22."

Amcor Flexibles North America: Drive to zero waste-to-disposal

Amcor Flexibles Specialty Films decreased the plant's landfill volume by 88%, diverting more than 2,700 metric tons from the landfill. The project is already acting as a catalyst and model for similar changes at other sites.

Amcor Rigid Packaging: Millville Wetlands Project to protect water, land, and wildlife in its own backyard

A grant-funded restorative planting project allowed the Amcor Rigid Packaging Millville Plant team to put in more than 3,300 native wetland plants behind its property. The restorative planting on 397 square meters of wetlands removed contaminants from the water and reduced water runoff by approximately 630,000 liters annually.

Amcor Specialty Cartons: Recycling and reusing pallets to support EnviroAction goals

Amcor Specialty Cartons Reidsville successfully reduced its environmental impact by collaborating with customers to recycle and reuse pallets and pallet tops. This supports Amcor's sustainability and financial goals at a time of significant volatility and cost inflation in the global lumber market. Following the site's success, other Amcor Specialty Carton Americas plants are already adopting the concept.

Contents

Contents

A letter from our CEO	4
2022 at a glance	6
Our strategy	8
Innovate	10
Collaborate	12
Inform	14

Amcor FY22 Sustainability Report	3

A letter from our CEO

A letter from our CEO

A letter from our CEO

Solution-oriented

At Amcor, we know that being an industry leader requires a solution- oriented mindset-a commitment to explore and find solutions. In this year's report, you will meet some of my colleagues who are true leaders in our sustainability efforts. These individuals are an example of our colleagues around the world dedicated every day to our commitment to design all our packaging to be recyclable, reusable, or compostable by 2025.

wrapped in Amcor packaging designed to protect it and allow it to be transported around the globe. When the U.S. Food and Drug Administration approved emergency use of the product just days before Christmas in 2021, Amcor colleagues devoted their time and efforts during the holidays to get the work done. This is just one of many examples that continue to show our commitment and pledge to both our customers and to society as a whole.

In addition, Amcor's EnviroAction program maintains robust targets for water management and waste-to-disposal.

In FY22, we unveiled a rebrand of our global product portfolio, which is designed to give customers a clearer, more holistic view of our growing range of more sustainable packaging solutions. Our customers require packaging that meets their needs in terms of functionality and performance, with a broad choice of high-performing material options,

Alongside improvements in infrastructure and consumer education, we believe these new products hold the key to the journey to a more sustainable, circular economy for packaging.

What's next

To remain a leader in responsible packaging, we must constantly look to the horizon for what's next. We are relentless and open-minded in our search for disruptive, innovative ideas beyond our own industry-

Whether our solutions come from new innovative packaging designs, key partnerships, advanced material science, or a combination of these, we are confident that we have the knowledge and resources to create a brighter future for our world. You have the dedication of more than 44,000 Amcor colleagues working on solutions every day to make that a reality. That remains our commitment and promise to you.

"We increased the

Ron Delia

CEO

Thank you for your interest in Amcor's sustainability efforts and how we are striving to produce more responsible packaging to improve the environment for generations to come.

Our commitment to innovative and more sustainable packaging

Since Amcor became the first packaging company to make such a commitment, we have made exciting advancements in the recyclability of our portfolio. Last year, 74% of the packaging we produced was recycle-ready, and 83% of our flexible packaging portfolio had recycle-ready alternatives available-and we are not finished yet. We are committed to continuing progress through investments in Research and Development (R&D) and a world- class global innovation center

"I am proud to announce a new target on recycled content that will see us work toward 30% recycled material across our portfolio by 2030."

Gaining traction

and that delivers outstanding sustainability benefits. The redesign of our product portfolio included the launch of the new Amcor EcoGuard™ brand, which allows customers to quickly identify packaging options that offer more sustainable features. We also expanded on our sustainability leadership by launching proprietary product innovations such as our AmFiber™ platform and recycle- ready AmPrima™ films, which are highlighted throughout this report.

leading R&D capabilities. This is one of the primary reasons we launched the Amcor Lift-Offprogram-anopen-call initiative targeting breakthrough, industry-disruptive technologies that will further advance Amcor's sustainability achievements. We awarded our first grants to several companies with promising solutions that can help take our industry to the next level in sustainability efforts.

ambition of our GHG reduction goals by committing to set science- based targets and to achieve net zero emissions by 2050."

solutions informs the decisions we make. We recognize the important role Amcor's packaging plays in feeding and providing healthcare- related items to a global population in a safe and secure manner. We do not take that responsibility lightly and know that our products must also play a vital role in a circular economy. This is one of the reasons I am proud to announce a new target on recycled content that will see us work toward 30% recycled material across our portfolio by 2030. This is a significant increase beyond our previous target of 10% by 2025 and will play a critical role in our responsible packaging strategy.

network that facilitates the sharing of best practices and knowledge.

As we celebrate the advancements we've made in our journey

to develop more sustainable packaging solutions, we are also proud of the role our packaging plays in responding to some of the greatest challenges of our time. One example is our collaboration with a major pharmaceutical customer, which brought together a cross-functional Amcor team to develop a new packaging solution with unrivaled functionality and performance for a life-savingCOVID-19 drug. The arrival

of the drug brought relief and hope to millions, and it came

In FY22, we continued to gain traction with our sustainability efforts on multiple fronts. From the way we manage our operations to drive down greenhouse gas (GHG) emissions to our vendor partnerships, our engagement

on this front is reflected in the decisions we make. In January 2022, we increased the ambition of our GHG reduction goals by committing to set science-based targets and to achieve net zero emissions by 2050. This commitment builds on the success of our EnviroAction program, which started in 2008 and has already delivered a 35% reduction in GHG emissions intensity and is on track to deliver a cumulative 60% reduction by 2030.

Awards and recognition

Sustainability is one of Amcor's most exciting opportunities for growth. As we continue to design all our packaging to be recyclable, reusable, or compostable by 2025, it is rewarding to be recognized by our peers and the industry for the great work and innovations we are developing to protect the environment for future generations.

Gold Award

• Dow Innovation: AmLite® HeatFlex Recyclable Packaging

2022 Sustainability Leader

- Australian Financial Review

Silver Award

• 2022 Australasian Packaging Innovation and Design Awards: PrimeSeal™ Eco-Tite® Recycle- Ready Shrink Bag

Gold Award

• Flexible Packaging Association: AmPrima™ Recycle-Ready Pouch for the Tyson® Instant Pot family meal kit

Silver Award

• Technical Innovation, Flexible Packaging Association: Clear Anti-Grease Jerky Pouch

Silver Award

• Sustainability, Flexible Packaging Association: AmPrima™ Recyclable PE Shrink Film

Gold Award

• EcoVadis industry-leading sustainability practices

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2022 at a glance

2022 at a glance

More Sustainable Raw Materials

2022 at a glance

Purchased

155k

metric tons of recycled materials in FY22-up from 56k in FY19

19

Amcor sites

hold ISCC Plus

certification

Purchased nearly

410k

metric tons

of biomaterials

75%

of purchased fibers were certified to an external standard

77% of critical and strategic suppliers were assessed by EcoVadis, representing over

$3.6B

in spend

Product Innovation

1,750
ASSET™ life
cycle assessments	of packaging produced
completed
74% was recycle-ready
More Sustainable Operations
Committed	Waste-to-
disposal down

• of flexible plastic packaging portfolio for which a recycle-ready solution exists

FY20 FY21 FY22

68% 76% 83%

to achieving	Renewable	33%
0	energy up
146%	vs FY19 period baseline
net zero emissions
by 2050	vs FY21

121

sites

held "zero waste-to-disposal" certification in FY22

100	Water withdrawal from
%	high baseline water
	stress sites dropped
of sites adopted	8%
methodology	from FY21

6

Amcor FY22 Sustainability Report

Amcor FY22 Sustainability Report

7

Our strategy

Our strategy

Our strategy

Every second of every day, an estimated 10,000 people come into contact with an Amcor product. That's hundreds of millions of people who rely on packaging made by us to keep their food, water, and medicines fresh and safe each and every day.

At Amcor, we are acutely aware of our responsibility to both people and planet and are committed to providing our customers with the best solution for their needs, while also delivering for the environment. We do this with the support of more than 44,000 colleagues who share our vision of an environment that is better off because of our leadership and our products.

Our responsible packaging strategy is driving progress toward a circular system for packaging across the core pillars of innovation, infrastructure, and consumer participation, delivering improvements throughout the packaging value chain.

In the first instance, our mission is to innovate within our own business to deliver ever more sustainable solutions for our customers. Next comes collaboration with partners, including waste collectors, recyclers, academics, and non-governmental organizations (NGOs), to drive more sustainable packaging standards and improve waste management infrastructure. Finally, we work with our customers to help them find new ways to boost consumer engagement and participation

in recycling. In partnering with these groups and working with our customers, we are able to leverage our position in the packaging value chain to tackle the upstream and downstream causes of waste,

as both designing for circularity and improving waste management infrastructure are critical to keeping waste from leaking

into the environment.

As a foundation to our strategy, we continue to make progress on our environmental footprint, reducing operational waste, water, and GHG emissions. We are also proud to be one of a handful of packaging companies to commit to setting science-based targets and achieving net zero emissions by 2050.

The sustainability challenges remain significant, but our long- term strategy is helping to create a responsible packaging industry for the benefit of Amcor, our customers, and the environment.

"We do this with the support of 44,000 colleagues who share our vision of an environment that is better off because of our leadership and our products."

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