Pursuant to California Assembly Bill No. 1305 (the “law” or “1305”), which was signed into law October 7, 2023, O-I may be required to make certain disclosures regarding its use of voluntary carbon offsets and/or certain claims or goals regarding greenhouse gas emissions reductions. While the law itself does not specify a deadline for initial disclosures, the bill’s author has indicated that his intent was that the deadline for companies’ first annual disclosure under the law should be considered to be January 1, 2025. While O-I has made certain purchases of carbon offsets in the past, we currently do not believe the purchase of these offsets is within the scope of the requirements set forth under 1305, however if we determine in the future that we are subject to reporting obligations under 1305, we will timely comply with the law. We take our sustainability commitments and disclosure obligations seriously, and should we determine that we have reporting obligations under 1305, we will promptly determine the scope of those obligations and timely comply with those obligations.
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