This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Crown Demonstrates Commitment To Sustainability With Launch Of First Formal Report





PHILADELPHIA, Nov. 29, 2011 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) (Crown) ( www.crowncork.com), a leading supplier of metal packaging products worldwide, today announced the release of its first sustainability report. Titled "Creating an Infinitely Bright Future," the report combines industry and internal data with focused case studies to highlight how the company is addressing the three pillars of sustainability – economic, environmental and social – through its innovations, operations and people.  



"Crown has embodied the values of sustainability over many decades, and our operations are based on safety, innovation and efficiency. Our World-Class Performance program, which is built on effective management and resource conservation, provides the framework for all of our sustainability efforts," said John Conway, Chairman of the Board, President and CEO of Crown. "Launching our first sustainability report allows us to proactively communicate the strides we've made and foster an open dialogue with all of our stakeholders on this important topic."



Based upon fiscal years 2007 through 2010, the 32-page report uses the Global Reporting Initiative (GRI) G3 guidelines as its framework. The contents of the report have been self-declared at application level C, indicating that the company reported on all required profile disclosures as well as at least 10 Performance Indicators.  



The full report can be downloaded at www.crowncork.com/sustainability. Highlights include:

  • Metal is 100% recyclable, recycled at high levels and can be continuously reused with absolutely no degradation in performance or quality.
  • Food and beverage cans are made from steel and aluminum produced on average with more than 50% recycled material.
  • Crown is making more containers with fewer resources. For example, during the reporting period:
    • Propane usage has decreased by 14%, natural gas by 8% and electricity by 2%.
    • Based on these energy reductions, it is estimated that direct greenhouse gases have been reduced by 8%, while indirect emissions are down by 2%.
    • Waste-to-landfill levels have been reduced by 15%.
  • In 2010 alone, Crown's worldwide operations recycled an excess of 350,000 tons of metal.
  • Crown's patented SuperEnd® beverage ends reduce metal use by 10% and make beverage cans even more environmentally friendly. To date, over 300 billion SuperEnd® beverage ends have been produced, saving an estimated 73,500 metric tons of aluminum, 1,200 metric tons of coatings, and 600,000 metric tons of greenhouse gases. That's equal to the annual emissions from more than 110,000 automobiles.
  • Investing in employee education, health and safety is a fundamental value at Crown. Employees have access to a variety of mandatory and voluntary training programs in classrooms, online and on-the-job.
  • Crown is also committed to the communities in which it operates and supports a number of charitable and local causes, primarily by investing in education initiatives.
    • The company's John F. Connelly Scholarship Fund has awarded US$3 million to over 1,400 children of Crown employees worldwide since 1992.
    • Crown actively supports The Curtis Institute ( Philadelphia, PA), Brunel University ( United Kingdom) and King Alfred's Academy (Wantage, UK) with financial donations, student sponsorships, the creation of special design and technology projects and more.




1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,067.56 -30.89 -0.18%
S&P 500 2,002.28 -1.09 -0.05%
NASDAQ 4,598.1880 +17.9170 0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs