CROWN ANNOUNCES SIGNIFICANT PROGRESS AGAINST SCOPE 3 GHG EMISSIONS GOAL IN LATEST SUSTAINABILITY REPORT

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Crown Holdings, Inc. (NYSE: CCK) has released its 2023 Sustainability Report, highlighting significant progress towards its Twentyby30™ program goals. The report, titled 'A Shared Purpose,' details the company's global sustainability efforts across five pillars: Climate Action, Resource Efficiency, Optimum Circularity, Working Together, and Never Compromise.

Key achievements include being on track to meet the Scope 3 emissions reduction goal ahead of the 2030 deadline. The report emphasizes Crown's commitment to transparency and high sustainability standards. It adheres to GRI Core Standard, UNGC principles, SASB standards, UN SDGs, and TCFD guidelines. The report has received independent assurance from Lucideon CICS for GHG emissions and water usage data.

Report details Company's collective effort to achieve goals outlined in its Twentyby30™ program

TAMPA, Fla., July 29, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com) has released its 2023 Sustainability Report detailing the Company's global sustainability activities, including being on track to meet its Scope 3 emissions reduction goal ahead of its 2030 deadline.  The goal falls under the Climate Action pillar of Crown's Twentyby30™ sustainability program.  Established in 2020, the 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 "A Shared Purpose," highlights the collective efforts of Crown's global team to effect significant change in areas that address stakeholder concerns.  Along with Climate Action, the program's pillars include Resource Efficiency, Optimum Circularity, Working Together and Never Compromise.

"Our progress toward achieving our bold Twentyby30™ goals is only possible with the commitment of our global team, and it is clear we have made strong strides together across our pillars of focus," said Tim Donahue, President, CEO & Chairman of the Board of Crown Holdings.   "Our stakeholders rely on our transparency regarding sustainability performance, and it is up to us to remain advocates for strong standards and high performance for sustainability."

The activities tied to each of Crown's Twentyby30™ pillars underscore Crown's global commitment to sustainability and the comprehensive effort needed to continue driving success.  Further details about these initiatives and all other progress can be found in the 2023 Sustainability Report.

"Every day, we align our operations with our Twentyby30™ sustainability goals and Crown's Best Practices.  This is evident by the progress highlighted in the 'Teams at Work' segments featured throughout the report," said John M. Rost, Ph.D., Senior Vice President - Crown Technology, Global Sustainability and Regulatory Affairs. "Our shared purpose goes beyond the walls of Crown – it extends to our industry partners, government bodies and consumers around the world who all have an impact on our climate.  We are committed to driving progress in global recycling rates, which is a critical component to our sustainability success and the sustainability of our industry."

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 2023 report includes the Company's GRI index as well as its SASB and TCFD disclosures.

Crown's 2023 Sustainability Report received independent assurance from Lucideon CICS Limited related to its total 2023 data for GHG emissions (Scope 1, 2 and 3 categories) and 2023 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, 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.

FAQ

What progress has Crown Holdings (CCK) made in its Scope 3 GHG emissions goal?

According to Crown Holdings' 2023 Sustainability Report, the company is on track to meet its Scope 3 greenhouse gas emissions reduction goal ahead of its 2030 deadline, which falls under the Climate Action pillar of its Twentyby30™ sustainability program.

What are the main pillars of Crown Holdings' (CCK) Twentyby30™ sustainability program?

Crown Holdings' Twentyby30™ sustainability program consists of five main pillars: Climate Action, Resource Efficiency, Optimum Circularity, Working Together, and Never Compromise.

Has Crown Holdings' (CCK) 2023 Sustainability Report been independently verified?

Yes, Crown Holdings' 2023 Sustainability Report received independent assurance from Lucideon CICS for its total 2023 data on GHG emissions (Scope 1, 2, and 3 categories) and 2023 water usage data. Lucideon also provided GRI verification to the GRI Core Index.

What sustainability reporting standards does Crown Holdings (CCK) follow in its 2023 report?

Crown Holdings' 2023 Sustainability Report follows the Global Reporting Initiative (GRI) Core Standard, adheres to the Ten Principles of the United Nations Global Compact (UNGC), maps progress to SASB Containers & Packaging Standard, aligns with key UN Sustainable Development Goals (SDGs), and follows TCFD guidelines for climate reporting.