Based on a scale from A to F, Crown’s score places it in the “Management” tier – the second-highest level that can be attained. It also positions the company’s performance above the general average achieved by reporting companies (B-) in this cycle as well as the North American regional average of C. This year, 6,937 companies responded to the CDP Climate Change questionnaire.
Crown’s submission reflects data collected from its operations in 38 countries for the period of Jan. 1, 2017, to Dec. 31, 2017, a year in which the company’s traditional packaging business grew by more than 7%. The reporting cycle is the first using CDP’s new scoring methodology.
“Our consistently high ranking with CDP, one of the top in the packaging industry, demonstrates the significant commitment the company has made to environmental stewardship,” said Timothy J. Donahue, President and CEO of Crown Holdings, Inc.
At the end of the CDP reporting period, Crown was two years into a five-year initiative to reduce its global environmental impact. In 2016, the Company set goals to reduce energy consumption by 5% per billion standard units and greenhouse gas emissions from its operations by 10% by the end of 2020. As of Dec,. 31, 2017, Crown reduced energy consumption by 5.1% and reduced greenhouse gas emissions by 7.6% per billion standard units.