This Day On The Street
Continue to site
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

Crown Demonstrates Commitment To Sustainability With Launch Of First Formal Report

PHILADELPHIA, Nov. 29, 2011 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) (Crown) (, 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 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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs