Q1 2023 Highlights: *Net Sales were $2,438 million, an increase of 9% versus the prior year quarter. *Net Organic Sales increased 1% versus the prior year quarter. *Net Income was $207 million, an increase of 93% versus the prior year quarter. *Net leverage was 3.1x versus 3.2x at year-end 2022.

SCA has been nominated for the German National Sustainability Award, Deutscher Nachhaltigkeitspreis, which is presented in collaboration with the German federal government and several prominent organizations. “It's gratifying that our systematic climate and sustainability efforts are being recognized and proposed for such a prestigious honor. We are, of course, proud of this recognition. We have put a lot of effort into developing sustainability throughout the entire value chain,” says Hans Djurberg, Head of Sustainability, SCA. SCA has been nominated for the German Sustainability in two different categories: raw materials and agriculture and forestry.

Amcor announces its membership of the Digital Watermarks Initiative “HolyGrail 2.0”, which brings together over 85 companies and organisations across the packaging value chain, including key customers and industry peers. HolyGrail 2.0 is a pilot project facilitated by AIM, the European Brands Association, with the objective to prove the viability of digital watermarking technologies for accurate sorting and, consequently, higher-quality recycling. The project also aims to demonstrate the business case for digital watermarking at scale. It builds on initial research by Amcor’s partner, the Ellen MacArthur Foundation, into innovations to improve post-consumer recycling.