CROWN HOLDINGS RECEIVES VALIDATION OF NEW NET-ZERO TARGET THROUGH SBTI

Rhea-AI Summary

Crown Holdings (NYSE: CCK), a leading global packaging supplier, has received validation from the Science Based Targets initiative (SBTi) for its ambitious 2050 net-zero greenhouse gas emissions target. The company has committed to reducing its Scope 1 and 2 emissions by 50% and Scope 3 emissions by 27.5% by 2030, using a 2019 baseline.

Crown is among 6,000 organizations with science-based targets and one of only 1,000 companies that have established net-zero targets. The validation builds upon Crown's Twentyby30™ sustainability program launched in 2020, with the company remaining on track to meet its previously established goals while elevating its environmental commitments.

Positive

• None.

Negative

• Significant operational changes required to meet ambitious 50% reduction in Scope 1 and 2 emissions
• Complex value chain coordination needed to achieve 27.5% reduction in Scope 3 emissions
• Potential increased costs associated with implementing emissions reduction initiatives

Science Based Targets initiative validates 2050 net-zero goal along with updated near-term targets

TAMPA, Fla., Aug. 28, 2025 /PRNewswire/ -- Crown Holdings, Inc., (NYSE: CCK) (Crown) (www.crowncork.com), a leading global packaging supplier, announced today that its updated near-term and new net-zero targets have been officially validated by the Science Based Targets initiative (SBTi), formalizing the ambition to reach net-zero greenhouse gas emissions across the value chain by 2050.

SBTi develops standards and guidance which allow companies and financial institutions to set GHG emissions reductions targets that will keep the global temperature increase below a 1.5°C threshold (compared to pre-industrial levels) and reach net-zero emissions by 2050. Crown has made an ambitious commitment to reduce its Scope 1 and 2 GHG emissions by 50% and its Scope 3 emissions by 27.5% by 2030 (using a 2019 baseline). The Company is among 6,000 organizations that have adopted science-based targets and serves as one in only 1,000 that have set net-zero targets.

"Crown is in a unique position to play a key role in industry sustainability by reducing our own greenhouse gas emissions while simultaneously providing infinitely recyclable products to consumers," said Crown Holdings Chairman, President and CEO Tim Donahue. "Our bold Twentyby30™ sustainability initiative is built on science, and SBTi validation of our new net-zero target reinforces our commitment to measurable progress."

Crown's latest alignment with SBTi follows previously validated near-term targets established with the launch of the Company's Twentyby30 program in 2020. Five years later, Crown remains on track to meet those goals and has elevated its commitment.

"We are proud to share this approval from SBTi, which reflects our strong climate commitment and builds on the significant progress we have already made through our Twentyby30 sustainability program," said Sandrine Duquerroy-Delesalle, Vice President of Global Sustainability & External Affairs. "Achieving this latest validation is a critical next step as we continue to drive emissions reductions across our value chain and work collaboratively with our suppliers, customers and stakeholders to reach net-zero by 2050."

For more information about Crown's sustainability efforts, visit crowncork.com/sustainability. 

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 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.

FAQ

What are Crown Holdings' (CCK) new emission reduction targets for 2030?

Crown Holdings aims to reduce Scope 1 and 2 GHG emissions by 50% and Scope 3 emissions by 27.5% by 2030, using a 2019 baseline.

When does Crown Holdings (CCK) plan to achieve net-zero emissions?

Crown Holdings has committed to reaching net-zero greenhouse gas emissions across its value chain by 2050, as validated by the Science Based Targets initiative.

How many companies have set net-zero targets through SBTi like Crown Holdings?

Crown Holdings is one of only 1,000 companies that have set net-zero targets through SBTi, out of 6,000 organizations that have adopted science-based targets.

What is Crown Holdings' Twentyby30 sustainability program?

Twentyby30™ is Crown's sustainability initiative launched in 2020, built on science-based targets. The company remains on track to meet these goals while elevating its environmental commitments.