CROWN HOLDINGS ANNOUNCES "BUILT TO LAST" 2024 SUSTAINABILITY REPORT, UNDERSCORING COMMITMENT TO FUTURE-FORWARD PROGRESS
Rhea-AI Summary
Crown Holdings (NYSE: CCK) has released its 2024 sustainability report titled "Built to Last," highlighting progress toward its Twentyby30™ program goals. The comprehensive initiative includes 20 measurable sustainability objectives to be achieved by 2030, focusing on greenhouse gas emissions reduction, water conservation, waste minimization, safety improvements, employee engagement, and responsible materials sourcing.
Under the leadership of CEO Timothy Donahue, Crown has made notable strides in recycling advocacy, including sponsorship of the Global Aluminium Can Sustainability Summit and participation in Climate Week NYC. The company's sustainability report adheres to multiple international standards, including the Global Reporting Initiative (GRI) Core Standard, UN Global Compact Principles, and Sustainability Accounting Standards Board (SASB) guidelines.
Dr. John M. Rost, SVP of Technology, Global Sustainability, and Regulatory Affairs, emphasized that Crown's sustainability approach extends beyond regulatory requirements, contributing to cost reduction, enhanced operations, and organizational innovation.
Positive
- Strong commitment to sustainability through comprehensive Twentyby30™ program with 20 measurable objectives
- Adherence to multiple international sustainability reporting standards (GRI, UNGC, SASB)
- Active participation in major sustainability initiatives including Global Aluminium Can Sustainability Summit
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, CCK declined 0.50%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Crown Holdings advances Twentyby30™ goals including key emissions reduction targets and environmental conservation initiatives
"Worldwide, our team's unwavering pledge to create a more sustainable future allows us to continue making significant strides in our initiatives focusing on innovation, responsibility, and community engagement," said Timothy Donahue, Chairman, President and Chief Executive Officer of Crown Holdings. "Sustainability is about creating a resilient organization and environment that can thrive in the face of future challenges, and our stakeholders rely on our transparency regarding our efforts toward that vision."
Twentyby30™ includes 20 measurable sustainability objectives to be completed by or before the end of 2030 that highlight Crown's global commitment to sustainability and the efforts driving its success. Nearing the program's halfway point, the Company's latest update highlights significant achievements throughout the reporting period, including particular strides in its recycling advocacy efforts, including sponsorship of the Global Aluminium Can Sustainability Summit and participation in Climate Week NYC, as it aims to increase the recycling rate of aluminum beverage cans.
"Crown's approach to sustainability goes beyond regulatory requirements, allowing us to create holistic value for our organization and the communities we serve," said John M. Rost, Ph.D., Crown's Senior Vice President of Technology, Global Sustainability, and Regulatory Affairs. "As we lead by example, we are encouraged to share that integrating sustainable practices allows us to reduce costs, enhance operational output, and drive ingenuity across our organization."
The report 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). It also 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).
To read the report and learn more about Crown's sustainability efforts, visit: https://www.crowncork.com/sustainability/reporting.
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,
For editorial inquiries: Colby Wilson (crownholdings@marathonstrategies.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 release 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, 2024 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.