Sealed Air Corporation (NYSE:SEE) is announcing a bold new goal
to reach net-zero carbon emissions by 2040. This announcement
follows the company’s successful execution of its sustainability
strategy and performance against its 2020 goal to reduce the
greenhouse gas intensity of its operations by 25%. The company far
exceeded its 2020 goal by achieving more than a 44% reduction.
The company has committed to ambitious actions to meet the
scientifically established threshold necessary to keep global
warming to no more than 1.5 degrees Celsius above preindustrial
levels.
“Sealed Air is leading our industry in the race to zero
emissions. This is not only the right thing to do, it is our
purpose—to make the world better than we found it,” said Ted
Doheny, President and CEO of Sealed Air. “Our talented people are
working hard to create sustainable solutions and innovate to
eliminate resource waste. We will also continue to invest in
technology and collaborate with our partners and suppliers to beat
this goal.”
Climate Change and Sealed Air’s Purpose
Addressing climate change is a critical part of Sealed Air’s
purpose and strategy and is key to making the company’s business,
supply chain, customers’ businesses, and communities around the
world more resilient.
The company is aiming to establish new benchmarks for mitigating
environmental and societal risks such as climate change while
generating long-term value for stakeholders and society. Among the
actions Sealed Air is taking to reduce carbon emissions within the
company’s operations, supply chain, and beyond are:
- Adopting state-of-the-art technology and innovation for
automated packaging solutions and systems, advanced recycling, and
recyclable and renewable materials
- Continuing investments in renewable energy such as a solar
power project in California and a wind power project in
Argentina
- Improving efficiencies that reduce emissions in global
operations for the company and its customers
- Contributing to the reduction of waste across the value chain
including making improvements to the shelf life of food and
reducing food waste, enhancing transportation efficiency, and
protecting goods in transit
CDP Recognition
For the seventh consecutive year Sealed Air has been recognized
by CDP for excellent performance in reducing greenhouse gas
emissions. Sealed Air received an A- for the company’s 2020 CDP
climate disclosure.
For 20 years, CDP has served as a global non-profit that runs
the world’s leading environmental disclosure platform, the widely
recognized gold standard in corporate environmental reporting. In
2020, more than 9,600 companies disclosed environmental data
through CDP at the request of 150 major purchasing
organizations.
In addition, for the second year in a row, Sealed Air was named
to the 2020 CDP Supplier Engagement Leaderboard for its actions and
strategies to reduce greenhouse gas emissions and address
climate-related issues and risks in its supply chain. By making
this list, Sealed Air sits among the top 7% of companies assessed
for supplier engagement on climate change.
About Sealed Air
Sealed Air is in business to protect, to solve critical
packaging challenges, and to leave our world better than we found
it. Our solutions and systems include CRYOVAC® brand food
packaging, SEALED AIR® brand protective packaging, AUTOBAG® brand
automated systems and BUBBLE WRAP® brand packaging. These brands
collectively enable a more efficient, secure and less wasteful
global food supply chain and enhance commerce through fulfillment
and packaging solutions to protect the worldwide movement of
goods.
Sealed Air’s industry-leading expertise in science, engineering,
and innovation transforms businesses, industries, and consumers’
lives. The company continues to expand its portfolio of
next-generation sustainable solutions including packaging
materials, automated systems, and smart services to deliver savings
and create measurable long-term value.
Sealed Air generated $4.9 billion in sales in 2020 and has
approximately 16,500 employees who serve customers in 115
countries. To learn more, visit www.sealedair.com.
Website Information
We routinely post important information for investors on our
website, sealedair.com, in the Investors section. We use this
website as a means of disclosing material, non-public information
and for complying with our disclosure obligations under Regulation
FD. Accordingly, investors should monitor the Investors section of
our website, in addition to following our press releases, SEC
filings, public conference calls, presentations and webcasts. The
information contained on, or that may be accessed through, our
website is not incorporated by reference into, and is not a part
of, this document.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 concerning our business, consolidated
financial condition and results of operations. Forward-looking
statements are subject to risks and uncertainties, many of which
are outside our control, which could cause actual results to differ
materially from these statements. Therefore, you should not rely on
any of these forward-looking statements. Forward-looking statements
can be identified by such words as “anticipate,” “believe,” “plan,”
“assume,” “could,” “should,” “estimate,” “expect,” “intend,”
“potential,” “seek,” “predict,” “may,” “will” and similar
references to future periods. All statements other than statements
of historical facts included in this press release regarding our
strategies, prospects, financial condition, operations, costs,
plans and objectives are forward-looking statements. Examples of
forward-looking statements include, among others, statements we
make regarding expected future operating results, expectations
regarding the results of restructuring and other programs,
anticipated levels of capital expenditures and expectations of the
effect on our financial condition of claims, litigation,
environmental costs, contingent liabilities and governmental and
regulatory investigations and proceedings. The following are
important factors that we believe could cause actual results to
differ materially from those in our forward-looking statements:
global economic and political conditions, currency translation and
devaluation effects, changes in raw material pricing and
availability, competitive conditions, the success of new product
offerings, consumer preferences, the effects of animal and
food-related health issues, pandemics, changes in energy costs,
environmental matters, the success of our restructuring activities,
the success of our financial growth, profitability, cash generation
and manufacturing strategies and our cost reduction and
productivity efforts, changes in our credit ratings, the tax
benefit associated with the Settlement agreement (as defined in our
most recent Annual Report on Form 10-K), regulatory actions and
legal matters, and the other information referenced in the “Risk
Factors” section appearing in our most recent Annual Report on Form
10-K, as filed with the Securities and Exchange Commission, and as
revised and updated by our Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K. Any forward-looking statement made by
us is based only on information currently available to us and
speaks only as of the date on which it is made. We undertake no
obligation to publicly update any forward-looking statement,
whether written or oral, that may be made from time to time,
whether as a result of new information, future developments or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210223005255/en/
Investor Relations Lori Chaitman
lori.chaitman@sealedair.com 516.458.4455
Media Christina Griffin Christina.griffin@sealedair.com
704.430.5742
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