TAMPA,
Fla., July 11, 2024 /PRNewswire/ --
Sustainalytics has ranked Crown Holdings, Inc. (NYSE: CCK)
(Crown) (www.crowncork.com) at the top of the Containers &
Packaging category in the latest ESG Risk Rating, an
industry-wide assessment of corporate sustainability performance.
After receiving positive marks across multiple areas of
measurement, Crown leads its peer group of 105 organizations and
represents one of only 3% of more than 16,200 assessed companies to
attain an overall Negligible risk score. This rating from
Sustainalytics underscores the comprehensive design and current
impact of Crown's ongoing Twentyby30™ program, which
aims to achieve 20 measurable sustainability goals to be completed
by or before the end of 2030 and focuses on areas of critical
concern to the industry.
To build its diverse research universe that spans dozens of
industries, Sustainalytics conducts a review of any applicable
company's exposure to industry-specific material sustainability
risks—and determines how well that company is managing those risks.
This review process observes action and performance in several
areas related to sustainability. The ratings organization utilizes
a significant amount of available data to create category-specific
rankings that inform stakeholders such as customers, partners and
investors.
"Receiving a top industry ranking from Sustainalytics
acknowledges Crown's efforts to meet stakeholder expectations and
continue driving a business that performs from every angle," said
John Rost, Ph.D., Senior Vice
President Crown Technology, Global Sustainability and Regulatory
Affairs. "By scoring strongly across multiple categories, including
safety, governance and others, we are demonstrating our commitment
to making maximum impact not just in the traditional areas like GHG
emissions reductions, but within every capacity possible. This
comprehensive effort is what bolsters our ability to operate a
responsible, healthy organization long-term."
Notable in Crown's assessment are relatively low exposure levels
for various areas of concern including emissions, effluents and
waste, carbon footprint and resource use, meaning Sustainalytics
does not view Crown's business as being inherently risky or
damaging for the environment. With lower risk in each category, the
Company reflects a more inherently responsible model that can more
easily adapt to meet evolving sustainability regulations—a strong
business attribute that stands out against other investible
sectors. To build on this solid foundation, Crown continues to make
progress toward its Twentyby30™ commitments,
most recently securing more renewable electricity, initiating new
water replenishment projects and working diligently across the
supply chain to strive to increase industry recycling rates for
valuable aluminum and steel cans.
Further information about Crown's sustainability initiatives are
available at crowncork.com. Guidance around Sustainalytics'
ESG Risk Rating methodology is available on the organization's
website.
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, 2023 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.