Amcor: Analysis of Financial, Non-Financial Goals and Future Plans

This report, prepared for a business course, examines the business goals of Amcor, a publicly listed Australian company. The report focuses on both financial and non-financial objectives, including stakeholder safety, environmental protection, and strategic initiatives. It analyzes Amcor's performance, as presented by the CEO, and details the company's future goals, such as increasing the use of recycled materials and investing in sustainable packaging solutions. The report also highlights Amcor's commitment to environmental responsibility, financial improvements, and stakeholder well-being, providing a comprehensive overview of the company's strategies for future growth and success. The report concludes with insights into Amcor's dedication to continuous improvement and its efforts to achieve its business goals.

Running Head: AMCOR 0
Amcor Company
Business Goals
Student Name:
Student University:

AMCOR 1
Introduction
Goals are the part of the business process or plan which shows the state of your
business and achieving them. It shows what the company needs to achieve within a specific
period of time. In this report, the aim of the CEO is to identify the meaning of the term
“goal”. This report will also analyse financial and non-financial goals of the companies in
general. Lastly, three future goals of Amcor which the company wanted to accomplish to
ensure its future growth will be analysed in this report as well.
Financial and Non-financial goals
CEO of the companies focuses on the financial and non-financial goals strongly
which includes the safety of customers, suppliers, and employees for its operations;
protecting the environment; goals related to strategic initiatives. The results are based on the
CEO’s performance in real related to goals based on safety, priority, and financial in
business. The CEO also focuses on the growth and the company’s development. The goals
company decided were to make packaging recyclable or reusable; increasing the use of post
customer recycled material, and to work together with others for rates increment of recycling
universally which leads to additional investments strategically taking advantage of
developing and researching substructure, equipment manufacturing, current partnerships
network allowance, and investments in innovation (Hillier, Comfort, & Jones, 2017).
Future Goals of the Company
Safety of Stakeholders
Amcor CEO ensures to provide safety in packaging operations to its customers,
suppliers, and employees. The company wants to lead the market in packaging so they focus
on managing the critical risk areas for preventing serious injuries; to share knowledge about
the prevention with both internal and external stakeholders and to strengthen the process in
the company (Bepari & Mollik, 2016). It is the responsibility of the CEO to adopt the best
practices in business universally to make sure a healthy and safe workplace. Amcor’s Global
Safety Steering Committee is for addressing areas to focus and monitoring the safety
performance, and all the sites of the company (Amcor, 2018). They focused on home safety
to aware and engage employees for the prevention regular injury within the company.

AMCOR 2
Environment Protection
The CEO of the company aims at achieving sustainability by protecting the
environment by using better packaging and responsible for operating 200 approximately
Amcor sites globally to ensure safety improvisation. The suppliers need to maintain
responsibility, transparency, ethics, and sustainability in the supply chain which including
values of reliability in business, setting workforce standards, health, and environmental safety
(Jabarzare & Rasti-Barzoki, 2019). Amcor works and measures the impact to reduce
operations globally aiming targets under the EnviroAction program internally. The company
minimizes the GHG (greenhouse gas) releases by 6% in loads of CO2 released per production
component above three years by 2018-19 and 60% in amount by 2030 from 2005-06 stages.
They also worked on decreasing the waste-to-disposal by 10% in loads above three years by
2018-19 and long-term objective of the company by zero (Amcor, 2018). Amcor kept on
improvising while conserving water by providing all sites with water management plans. The
company protects the environment through products, operations, and teamwork that look
forward to facing environmental challenges.
Financial Goals
Amcor does continuous efforts and improvements in Audit findings to report action
plans in every area and generates monthly reports to the Board of the company. The company
was devoted to investing $50 million in its strategic projects for providing sustainability and
progress for future growth as stated to achieve the goals by 2025 (Amcor, 2018). In 2018, the
performance concerns of CEO are 55-75% financially which includes EPS (earning per
share), PBIT (profit before interest and tax), working capital, cash flow and RoAFE (return
on average funds employed); 20-40% goals related to strategic initiatives in priority project
and 5% on safety for investments and development (Amcor, 2018). The company acquires
strong financial benefits to deliver from the Bemis acquisition and with continuing organic
growth in the business (Amcor plc, 2019).
Conclusion
To conclude, the company attains every responsibility to take care of stakeholders,
environment and financial state for its success. Amcor is the example that tells about its goals
for performance improvisation by achieving the goals.

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Signed:
Ron Delia
Chief Executive Officer (CEO)

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Bibliography
Amcor. (2018). Annual Report 2018. Retrieved from Amcor:
https://assets.ctfassets.net/f7tuyt85vtoa/Ry9ogH9cQemqGA800oiGE/cbcc6bef0d76b7
9be2a227dfc13a7e87/Amcor_Annual_Report_2018.PDF
Amcor plc. (2019, August 20). Amcor reports fiscal 2019 full year results and provides
outlook for fiscal 2020. Retrieved from Cision PR Newswire:
https://www.prnewswire.com/news-releases/amcor-reports-fiscal-2019-full-year-
results-and-provides-outlook-for-fiscal-2020-300904246.html
Bepari, M., & Mollik, A. (2016). Stakeholders’ interest in sustainability assurance process:
An examination of assurance statements reported by Australian companies.
Managerial Auditing Journal, 31(6/7), 655-687.
Hillier, D., Comfort, D., & Jones, P. (2017). The packaging industry and sustainability.
Athens Journal of Business and Economics, 3(4), 405-426.
Jabarzare, N., & Rasti-Barzoki, M. (2019). A game theoretic approach for pricing and
determining quality level through coordination contracts in a dual-channel supply
chain including manufacturer and packaging company. International Journal of
Production Economics.