TAMPA,
Fla., June 12, 2023 /PRNewswire/ -- Crown
Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com) has
published its 2022 Sustainability Report to share
progress against its Twentyby30™ sustainability
strategy and related achievements during fiscal year 2022. Crown's
comprehensive Twentyby30™ program includes 20
measurable sustainability goals to be completed by or before the
end of 2030, set against a 2019 baseline. This year's report,
titled "Progress in Motion," emphasizes Crown's continued progress
in several key areas of the program, its proactive execution plan
and examples of internal and external collaboration to advance
toward a more sustainable future.
"The goal of our Twentyby30™ program has
always been to further embed sustainability into our global
business practices and make meaningful reductions to our impact on
the planet within this decade," said Tim
Donahue, President, CEO & Chairman of the Board at
Crown. "Achieving our aggressive goals requires partnership across
our Company and our industry, thoughtful strategy and a willingness
to continue to make progress against those goals. Our 2022
Sustainability Report shares our progress and evidences our
commitment to transparency with internal and external
stakeholders."
Some of the tangible advancements the Company has made toward
its Twentyby30™ program goals (as of
December 31, 2022) include:
- Crown has achieved a 12% reduction in Scope 1 and Scope 2 GHG
emissions, which is 24% of the way toward the Company's goal of a
50% combined reduction by 2030.
- 34% of Crown's total electricity used in 2022 was generated
from renewable resources. This achievement means the Company is 45%
of the way toward its program goal to source 75% renewable
electricity by 2030.
- Crown is 8% of the way toward its 2030 goal of replenishing
100% of water consumed from high scarcity risk watersheds back to
those watersheds.
- Crown signed onto the United Nation's CEO Water Mandate, which
offers a powerful avenue for companies to collaborate to address
urgent water challenges related to scarcity, quality, governance
and access to water and sanitation. Crown is committed to
supporting collective action to replenish 1,000 watersheds.
- Optimum Circularity – Crown has reduced the overall
global average standard (12oz or 330ml) can weight by 6.44%, which
is over 60% of the way toward the Company's goal of a 10% reduction
by 2030.
- Working Together – 44% of Crown's new recruits in
their executive population were female, which was a 38% increase
from 2019.
- Over 60% of Crown's R&D efforts are focused on
sustainability improvements, surpassing the stated goal of 50% by
2030.
- By the end of 2022, Crown has assessed 75% of its core raw
materials and core service suppliers by spend for compliance with
Crown's Responsible and Ethical Sourcing policy, which far exceeds
its 2025 goal.
"Sustainability is top of mind for our Crown team members every
day, and we are proud to be on target to meet our
Twentyby30™ goals and initiatives," said
John Rost, Ph.D., Vice President,
Global Sustainability and Regulatory Affairs at Crown. "Due in part
to its inherent sustainability attributes, metal packaging
continues to garner increased consumer demand, which fuels our
efforts toward achieving our Twentyby30™ goals
through measurable and achievable steps forward. We are constantly
inspired by the people of Crown, in all settings and in all parts
of the world, who keep us moving forward on our sustainability
journey, and we look forward to our continued collaboration and
success."
The report is available on the sustainability section of Crown's
website. It has been prepared in accordance with the Global
Reporting Initiative (GRI) Core Standard and adheres to the Ten
Principles of the United Nations Global Compact (UNGC). The report
maps Crown's progress to indicators defined by the Sustainability
Accounting Standards Board (SASB) Containers & Packaging
Standard and key United Nations Sustainable Development Goals
(SDGs). The Company's climate reporting also follows the guidelines
of the Task Force on Climate-Related Financial Disclosures (TCFD).
The 2022 report includes the Company's GRI index as well as its
SASB and TCFD disclosures.
Crown's 2022 Sustainability Report received independent
assurance from Lucideon CICS Limited related to its total 2022 data
for GHG emissions (Scope 1, 2 and 3 categories) and 2022 water
usage data. Lucideon also provided GRI verification to the GRI Core
Index, Limited Verification.
About Crown Holdings, Inc.
Crown Holdings, Inc., through its subsidiaries, is a leading
global supplier of rigid packaging products to consumer marketing
companies, as well as transit and protective packaging products,
equipment and services to a broad range of end markets. World
headquarters are located in Tampa,
Florida. For more information, visit www.crowncork.com.
For more information, contact
sustainability@crowncork.com.
For editorial inquiries: Emily
Hogan, Account Supervisor, FINN
Partners;
Email: emily.hogan@finnpartners.com
Cautionary Note Regarding Forward-Looking Statements
Except for historical information, all other information in this
press release consists of forward-looking statements within the
meaning of federal securities law. These forward-looking statements
involve a number of risks, uncertainties and other factors that may
cause actual results to be materially different from those
expressed or implied in the forward-looking statements. Important
factors that could cause the statements made in this report or the
actual results of operations or financial condition of the Company
to differ are discussed under the caption "Forward Looking
Statements" in the Company's Form 10-K Annual Report for the year
ended December 31, 2022 and in
subsequent filings. The Company does not intend to review or revise
any particular forward-looking statement in light of future
events.
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SOURCE Crown Holdings, Inc.