STOCK TITAN

CROWN HIGHLIGHTS SEVERAL FACILITIES FOR EXCEPTIONAL SUSTAINABILITY EFFORTS

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Crown Holdings, Inc. (NYSE: CCK) has announced the winners of its Chairman's Sustainability Awards, recognizing initiatives in water consumption reduction, workplace safety improvements, and disaster response. The LaCrosse, Wisconsin plant won the Environmental Sustainability Award for reducing water usage and landfill waste. The Ponta Grossa, Brazil plant and Bengaluru, India (Prime Bulk) facility received the Safety Award for implementing measures to improve workplace safety and reduce accidents. The Osmaniye, Turkey plant earned the Social Sustainability Award for providing support to the local community following the Maraş-Turkey earthquakes.
Positive
  • None.
Negative
  • None.

Company's Chairman's Sustainability Awards recognize initiatives including water consumption reduction, workplace safety improvements and significant disaster response

TAMPA, Fla., Nov. 17, 2023 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com) has announced the latest winners of its annual Chairman's Sustainability Awards, which honor individual manufacturing facilities within the Company's global network for exemplary contributions across three categories – Environmental, Safety and Social. This year's awards cycle marks the 10th anniversary of the program and celebrates the collective effort of its widespread team throughout the last decade.

Winners of the 2023 awards are as follows:

Crown's LaCrosse, Wisconsin beverage can plant won the Environmental Sustainability Award, which recognizes excellence in environmental protection by minimizing the impact of the Company's operations, reducing material consumption or improving recycling or reuse of resources. The facility received this award for optimizing overflow processes to reduce washer water usage, not only saving 8.4 million gallons of water in 2022 but also avoiding a projected 170,000 pounds of landfill waste generated by water consumption. The effort directly supports the Company's Twentyby30 goals to reduce water usage by 20% by 2025 and to send zero waste from our operations to landfill.

Two plants received this year's Sustainability Award for Safety for their efforts to prioritize employee health, improve accident prevention and ensure a safe working environment: Crown's Ponta Grossa, Brazil beverage can plant and the Bengaluru, India (Prime Bulk) facility in the Company's Transit Packaging Division. The Ponta Grossa team made several new changes: the addition of gates, guardrails, lifelines and anchor points to increase work safety at various heights; and the implementation of an automated tilting system for employees emptying large containers of coatings or other chemicals, lowering the risk of injury and of chemical spillage during the process. The facility also added a new device to replace the need for using a sledgehammer during maintenance activities, reducing the risk of hand injuries and improving process safety. As a result of these changes, the plant has achieved a 49% decrease in recordable incidents from 2021 performance. Similarly, the Prime Bulk facility enacted several production changes to improve employee conditions, including installing a safe ladder and water level sensors to minimize falling hazards, applying new safety features to forklifts and adding new sensors and safety barricades for sealing and cutting machines. As of December 31, 2022, the plant maintained a total recordable incident rate (TRIR) of 0 and 1,871 consecutive accident-free days.

Receiving special honor this year is Crown's Osmaniye, Turkey beverage can plant, which earned the Social Sustainability Award for activities that significantly impact the well-being of the workforce and the local community. The team demonstrated tremendous compassion and resilience following the unprecedented devastation of the Maraş-Turkey earthquakes in early 2023. In the aftermath of the disaster, the team sheltered 168 people in the facility to provide a safe refuge for displaced employees and their families, providing hygiene and nutritional support along with temporary housing.

"From making critical process improvements that boost workplace safety and reduce our environmental footprint to going above and beyond in the face of tragedy to protect their colleagues in need, our employees continue to astound us with their determination—even after 10 years of this awards program," said Timothy Donahue, President, CEO & Chairman of the Board at Crown Holdings. "We are grateful for our regional teams' continued commitment to our Twentyby30 program and the even more impressive impact we see across our global organization as a unified group. Congratulations to the winners of our 2023 Chairman's Sustainability Awards and to all the teams working diligently to help us continue to become the best steward possible."

To learn more about Crown's sustainability progress, read its 2022 Sustainability Report or visit https://www.crowncork.com/sustainability.

About Crown Holdings, Inc.

Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transit and protective packaging products, equipment and services to a broad range of end markets. World headquarters are located in Tampa, Florida. For more information, visit www.crowncork.com.

For more information, contact sustainability@crowncork.com.

For editorial inquiries: Emily Hogan, Senior Account Executive, FINN Partners; Tel: (630) 248-5232; Email: emily.hogan@finnpartners.com

Cautionary Note Regarding Forward-Looking Statements

Except for historical information, all other information in this press release consists of forward-looking statements within the meaning of federal securities law. These forward-looking statements involve a number of risks, uncertainties and other factors 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 made in this 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, 2022 and in subsequent filings. The Company does not intend to review or revise any particular forward-looking statement in light of future events.

Cision View original content:https://www.prnewswire.com/news-releases/crown-highlights-several-facilities-for-exceptional-sustainability-efforts-301992536.html

SOURCE Crown Holdings, Inc.

FAQ

What is the Chairman's Sustainability Awards?

The Chairman's Sustainability Awards recognize initiatives in environmental protection, workplace safety, and social impact within Crown Holdings, Inc.'s manufacturing facilities.

What did the LaCrosse, Wisconsin plant win the award for?

The plant won the Environmental Sustainability Award for reducing water usage and landfill waste through process optimization.

What measures did the Ponta Grossa, Brazil plant and Bengaluru, India (Prime Bulk) facility implement?

They implemented measures to improve workplace safety, including adding safety equipment and automated systems to reduce the risk of accidents.

What did the Osmaniye, Turkey plant receive the award for?

The plant earned the Social Sustainability Award for providing support to the local community following the Maraş-Turkey earthquakes.

Who is the President, CEO & Chairman of the Board at Crown Holdings?

Timothy Donahue is the President, CEO & Chairman of the Board at Crown Holdings.

Crown Holdings Inc.

NYSE:CCK

CCK Rankings

CCK Latest News

CCK Stock Data

10.87B
120.64M
0.89%
96.8%
2.03%
Packaging & Containers
Metal Cans
Link
United States of America
TAMPA