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Crown Holdings Achieves Validation of Net-Zero Targets

Crown Holdings, Inc. (NYSE: CCK), a prominent global provider of packaging solutions, has made headlines with its recent validation of new sustainability targets by the Science Based Targets initiative (SBTi). This marks a pivotal move in their commitment to combating climate change and underscores their ambition to reach net-zero greenhouse gas emissions across their entire value chain by the year 2050.

A Commitment to Sustainability

The SBTi sets powerful standards and guidance for organizations to establish greenhouse gas (GHG) emission reduction targets, which aim to keep global temperature increases below 1.5°C compared to pre-industrial levels. This is not merely a corporate checkbox; it's a substantial commit to the only future we can afford. As part of this initiative, Crown Holdings has pledged to reduce its Scope 1 and 2 GHG emissions by an impressive 50%, along with a 27.5% reduction in Scope 3 emissions, all by 2030, using 2019 as a baseline.

Strategic Vision

Tim Donahue, Chairman, President, and CEO of Crown Holdings, articulated the company's unique position in fostering industry sustainability. He emphasized that reducing greenhouse gas emissions is not solely about internal measures but also about providing recyclable products that consumers can depend on. The commitment aligns with the company's ongoing Twentyby30™ sustainability initiative, which thrives on science-backed strategies. The recent SBTi validation is a testament to their commitment and ambition for measurable progress.

Track Record of Achievement

Crown Holdings first embarked on its sustainability journey with the launch of the Twentyby30 program in 2020, and five years into the initiative, they continue to meet their near-term targets. The current SBTi validation is a reinforcement of their accelerated commitment to sustainability. Sandrine Duquerroy-Delesalle, Vice President of Global Sustainability and External Affairs, highlighted the significance of this validation, proclaiming it as a necessary step forward in their path toward net-zero emissions across their supply chain.

Collaborative Approach to Change

Crown Holdings recognizes the importance of collaboration in achieving its ambitious goals. They are actively working together with suppliers, customers, and stakeholders to innovate and implement solutions that drive emissions reductions. This multifaceted approach not only contributes to Crown’s success but also fosters broader industry engagement in sustainable practices.

Beyond Compliance: A Vision for the Future

Achieving these sustainability targets goes beyond compliance; it reflects a broader vision for the future that prioritizes environmental stewardship. Crown Holdings is among a distinguished group of 1,000 organizations that have set net-zero targets, showcasing its leadership in this critical area. Sharing such milestones not only motivates internal teams but inspires other companies to elevate their environmental commitments.

Advocacy for Sustainability

Crown Holdings’ achievements underscore the pressing need for industries across the globe to embrace sustainability as a core tenet of business strategy. Effective climate action calls for a robust response, adaptable frameworks, and visionary leadership. Their ambitious goals not only resonate within the organization but serve as clarion calls to fellow industry leaders. This journey towards sustainability represents a substantial commitment to reducing carbon footprints while fostering ecosystems for future generations.

With the right ambitions and strategies, the industry can recalibrate for a sustainable future, and Crown Holdings is setting the example. For those interested in learning more about Crown's dedicated efforts in sustainability, further information can be found at crowncork.com/sustainability.

About Crown Holdings, Inc.

Crown Holdings, Inc., headquartered in Tampa, Florida, is a leading supplier of rigid packaging products for consumer marketing firms, alongside protective packaging services and solutions across various markets. The company stands at the forefront of innovation in product packaging while making significant strides in environmental sustainability.