Energy Efficiency, GHG Emissions, Industrial  -  July 30, 2024

Crown Holdings on Track for Scope 3 Goals

Crown Holdings, Inc., a global supplier of rigid packaging products to consumer marketing companies, announced it is on track to meet its Scope 3 emissions reduction goal ahead of its 2030 deadline.  

The company achieved its goal to lower absolute GHG emissions from its supply chain, which is within Scope 3, by 16% against a 2019 baseline.

Crown Holdings also set a goal to source 75% renewable electricity by 2030 in accordance with its Science Based Targets initiative (SBTi) GHG goals and 100% by 2040 and has reached 46% of the goal.

The goal falls under the Climate Action pillar of Crown's Twentyby30™ sustainability program.  Established in 2020, the comprehensive program includes 20 measurable sustainability goals to be completed by or before the end of 2030, set against a 2019 baseline.  

"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, in a statement.   "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."

Details were announced in Crown's sustainability report, "A Shared Purpose," which was 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 the company'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.

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