CROWN RECEIVES ALUMINIUM STEWARDSHIP INITIATIVE (ASI) CERTIFICATION FOR ITS MEXICAN BEVERAGE CAN OPERATIONS

Rhea-AI Summary

Crown Holdings, Inc. (NYSE: CCK) has obtained certification from the Aluminium Stewardship Initiative (ASI) for its beverage can operations in Mexico. This certification confirms Crown's commitment to sustainable sourcing and responsible production practices under its Twentyby30 sustainability initiative. The ASI Performance Standard, which evaluates ethical production in the aluminum industry, reinforces Crown's dedication to environmental and social governance. Future goals include obtaining ASI Chain of Custody certification in Mexico and Brazil, further advancing sustainability efforts across its global operations.

Positive

• Certification from ASI for responsible production in Mexican beverage can operations.
• Strengthens Crown's sustainability commitments under the Twentyby30 program.
• Recognition enhances consumer and stakeholder confidence in the brand.

Negative

• None.

YARDLEY, Pa., Jan. 31, 2022 /PRNewswire/ -- Continuing its progress around its sustainable sourcing goals, Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com) has received certification from the Aluminium Stewardship Initiative (ASI) for its Mexican beverage can operations. Through the ASI Performance Standard, which assesses and confirms the ethicality of metal packaging production activities, Crown Mexico is verified for responsible production, sourcing and stewardship of aluminum. The achievement underscores Crown's ongoing commitment to operate as a responsible organization across its global footprint and deliver against the goals of its ambitious Twentyby30 sustainability program.

As a not-for-profit standards setting and certification organization, ASI works to define environmental, social and governance principles and criteria, with the aim to address sustainability issues in the aluminum value chain. In addition to creating a benchmark for the industry, the organization's efforts around the ASI Performance Standard include: establishing requirements that can be independently audited to provide objective evidence for the granting of ASI Certification; reinforcing and promoting consumer and stakeholder confidence in aluminum; and serving as a broader reference for the establishment and improvement of responsible production, sourcing and material stewardship initiatives in metals supply chains. Utilizing these measures, ASI's ultimate mission is to recognize and collaboratively foster responsible production, sourcing and stewardship of aluminum.

"Mexico is an important country within Crown's extensive global footprint," said Eduardo Argueta, President of Crown Mexico. "It is our duty to help uphold sustainability standards and to support the collective progress of our organization. We are proud to demonstrate our commitment by receiving certification from ASI, which validates our processes and practices and reflects our commitment to ethics."

The recent certification from ASI is the result of several efforts, including the creation of a Biodiversity Protection Plan and Human Rights Due Diligence process, participation in the metal containers industry group CANAFEM and active commitment and participation in audits and other steps required for ASI's review. These actions bolster the work Crown is driving around the Never Compromise pillar of its Twentyby30 targets and help the Company's customers meet their own goals.

"Our global organization relies on the diligence and drive of our regional operations to meet industry requirements and uphold our larger sustainability goals," said John Rost, Ph.D., Vice President, Global Sustainability and Regulatory Affairs at Crown. "Crown Mexico's recent accomplishment around material sourcing is an embodiment of that dedication and persistence, showing that meaningful progress is possible when a team operates effectively together. We look forward to continuing to advance progress in the country and to help our other worldwide locations achieve similar results."

As a next step, Crown is working toward certification by the ASI Chain of Custody (CoC) Standard in both Mexico and Brazil, which recently completed its own ASI Performance Standard. The Company will also pursue ASI certification within its Asian and Europe/Middle Eastern operations.

To learn more about Crown's efforts around responsible material sourcing and its larger Twentyby30 program, visit 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 Yardley, Pennsylvania. For more information, visit www.crowncork.com.

For more information, contact sustainability@crowncork.com.

For editorial inquiries: Mallory Schindler, Associate Vice President, FINN Partners; Tel: (212) 529-2634; Email: mallory.schindler@finnpartners.com

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SOURCE Crown Holdings, Inc.

FAQ

What certification did Crown Holdings receive for its Mexican operations?

Crown Holdings received certification from the Aluminium Stewardship Initiative (ASI) for its beverage can operations in Mexico.

How does ASI certification impact Crown's sustainability goals?

The ASI certification supports Crown's sustainability initiatives, particularly its Twentyby30 program.

What are Crown's future sustainability plans related to ASI certification?

Crown plans to pursue ASI Chain of Custody certification in Mexico and Brazil and aims to expand certifications to Asian and European operations.

When was the ASI certification for Crown's Mexican operations announced?

The ASI certification for Crown's Mexican operations was announced on January 31, 2022.