Crown Announces 2020 Sustainability Goals

Goals further Company's focus on reducing its global environmental impact

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Jul 25, 2016, 04:45 ET

PHILADELPHIA, July 25, 2016 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com), a leading supplier of metal packaging products worldwide, announced new environmental sustainability goals which it aims to achieve by the end of 2020. The goals, which focus on further reducing energy consumption and greenhouse gas emissions, complement the Company's existing strategy to effectively manage and conserve resources and bring innovations to market that support the sustainability efforts of customers and consumers. The goals have been submitted to the Carbon Disclosure Project's (CDP) climate change program, as Crown begins its participation this year. Public data will be published on CDP's website this fall.

"Crown has always lived by the principles of sustainability, placing a relentless focus on safety, innovation and efficiency," said Timothy J. Donahue, President and Chief Executive Officer of Crown. "These goals support our continued commitment to reduce the environmental impact of our global operations and expand communication of our sustainability performance to our stakeholders."

Crown's 2020 sustainability goals are as follows:

By the end of 2020, reduce energy consumption by 5% per billion standard units of production from 2015 levels.
By the end of 2020, reduce Scope 1 and Scope 2 greenhouse gas emissions by 10% per billion standard units of production from 2015 levels.

In addition to these reduction goals, Crown continues to drive environmental improvements by investing in a variety of energy efficiency projects each year. During 2015, Crown finalized 105 different emissions reduction initiatives that are anticipated to save over 10,000 metric tonnes of CO₂ each year. Examples include:

A multi-year effort to replace recuperative oxidizers with more energy efficient equipment in several plants, yielding estimated annual savings of over 2,600 metric tonnes of CO₂.
A phased lighting upgrade program involving the use of highly energy efficient lighting devices and replacement of LED lighting across multiple facilities.

"While ambitious, we are already well on our way toward achieving these goals, evidenced by the continued progress outlined in our biennial sustainability reports," comments Donahue. "The state-of the-art beverage can plant that is currently being built in Nichols, New York, which is scheduled to be operational in the first quarter of 2017, will further support our progress. Its highly efficient equipment will make it one of the most energy efficient beverage can plants in the world."

To learn more about Crown's sustainability achievements and to download the company's latest sustainability report, visit www.crowncork.com/sustainability.

Cautionary Note Regarding Forward-Looking Statements
Except for historical information, all other information in this press release consists of forward-looking statements. These forward-looking statements involve a number of risks, uncertainties and other factors, including the Company's ability to achieve environmental sustainability goals in the areas of energy consumption and greenhouse gas emissions; the Company's ability to bring innovations to market to support the sustainability efforts of customers and consumers; whether the Company's new facility being built in Nichols, New York will become operational during the first quarter of 2017; and whether it will become one of the most energy efficient can plants in the world 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 in this press 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, 2015 and in subsequent filings made prior to or after the date hereof. The Company does not intend to review or revise any particular forward-looking statement in light of future events.

About Crown Holdings, Inc.
Crown Holdings, Inc., through its subsidiaries, is a leading supplier of packaging products to consumer marketing Companies around the world. World headquarters are located in Philadelphia, PA. For more information, visit www.crowncork.com.

For more information, contact:

In the United States: Dr. John M. Rost, Director – Sustainability and Regulatory Affairs; Tel: (708) 239 5222; Email: [email protected]

For editorial inquiries: Thomas T. Fischer, Vice President Investor Relations and Corporate Affairs; Tel: (215) 552-3720; Email: [email protected]

SOURCE Crown Holdings, Inc.