SEE Releases 2022 Impact Report

Rhea-AI Summary

SEE (formerly Sealed Air) releases 2022 Impact Report highlighting progress on sustainability goals and innovative packaging solutions.

Positive

• SEE's portfolio of material solutions redesigned to meet sustainability requirements.
• Company's progress in reducing water, energy, and greenhouse gas emissions ahead of targets.
• Expansion of reporting on sustainability goals and progress under GRI, TCFD, and SASB frameworks.

Negative

• None.

Report Summarizes the Company's Efforts to Advance Sustainability Across the Value Chain

CHARLOTTE, N.C. / ACCESSWIRE / October 10, 2023 / SEE^® (formerly Sealed Air) (NYSE:SEE) announced the release of its 2022 Impact Report. The report details information about the company's progress toward its sustainability goals while creating long-term value for SEE stakeholders and society.

The SEE Impact Report 2022:

• Features 20 innovative packaging solutions that have recently been introduced to the market
• Confirms more than 50% of SEE's portfolio of material solutions have been redesigned to meet market sustainability requirements
• Summarizes the company's progress to reduce water, energy, and greenhouse gas emissions from our operations, several years ahead of 2025 and 2030 targets
• Illustrates how SEE has brought together diverse perspectives and skills across global teams to drive innovation and enhance business performance
• Expands reporting on SEE sustainability goals and progress under the GRI standard, TCFD and SASB frameworks

"Our report highlights how we are solving our customers' most critical sustainability needs," said Ted Doheny, SEE President and CEO. "Our innovative solutions help our customers to reduce greenhouse gas emissions, prevent food waste and product damage, and ensure products reach consumers around the world. We bring tangible benefits to our environment, investors, people, communities, and the industries we serve. We are truly fulfilling our purpose to protect, to solve critical packaging challenges, and to make our world better than we find it."

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About SEE

SEE (NYSE:SEE) is in business to protect, to solve critical packaging challenges, and to make our world better than we find it. Our automated packaging solutions promote a safer, more resilient, and less wasteful global food, fluids and liquids supply chain, enable e-commerce, and protect goods in transit from damage.

The company, under its former trade name, Sealed Air, announced its new SEE corporate brand and logo in May 2023.

Our globally recognized solution brands include CRYOVAC^® food packaging, LIQUIBOX^® fluids and liquids systems, SEALED AIR^® protective packaging, AUTOBAG^® automated packaging systems, BUBBLE WRAP^® packaging, SEE Automation™ and prismiq™ digital packaging and printing.

Our partnership with customers creates value through sustainable, automated, and digital packaging solutions, leveraging our industry-leading expertise in materials, automation systems, engineering and technology.

Our SEE Net Positive Circular Ecosystem is leading the packaging industry in creating a more environmentally, socially, and economically sustainable future. We have pledged to design or advance 100% of our packaging materials to be recyclable or reusable by 2025, with a bolder goal to reach net-zero carbon emissions in our global operations by 2040.

SEE's Impact Report highlights how we are shaping the future of the packaging industry. We are committed to a diverse workforce and a caring, inclusive culture through our 2025 Diversity, Equity and Inclusion pledge.

SEE generated $5.6 billion in sales in 2022 and has approximately 17,300 employees (including Liquibox employees) who serve customers in 120 countries/territories. To learn more, visit sealedair.com.

Website Information

We routinely post important information for investors on our website, sealedair.com, in the Investors section. We use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 concerning our business, consolidated financial condition, results of operations and cash flows. Forward-looking statements are subject to risks and uncertainties, many of which are outside our control, which could cause actual results to differ materially from these statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements can be identified by such words as "anticipate," "believe," "plan," "assume," "could," "should," "estimate," "expect," "intend," "potential," "seek," "predict," "may," "will" and similar references to future periods. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements.

Examples of forward-looking statements include, among others, statements we make regarding expected future operating results, expectations regarding the results of restructuring and other programs, expectations regarding future impacts resulting from the Liquibox acquisition, anticipated levels of capital expenditures and expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities and governmental and regulatory investigations and proceedings.

The following are important factors that we believe could cause actual results to differ materially from those in our forward-looking statements: global economic and political conditions, including recessionary and inflationary pressures, currency translation and devaluation effects, changes in raw material pricing and availability, competitive conditions, the success of new product offerings, failure to realize synergies and other financial benefits from the acquisition of Liquibox within the expected time frames, greater than expected costs or difficulties related to the integration of Liquibox, consumer preferences, the effects of animal and food-related health issues, the effects of epidemics or pandemics, including the Coronavirus Disease 2019, negative impacts related to the ongoing conflicts between Russia and Ukraine and related sanctions, export restrictions and other counteractions thereto, changes in energy costs, environmental matters, the success of our restructuring activities, the success of our merger, acquisition and equity investment strategies, the success of our financial growth, profitability, cash generation and manufacturing strategies and our cost reduction and productivity efforts, changes in our credit ratings, the tax benefit associated with the Settlement agreement (as defined in our 2022 Annual Report on Form 10-K), regulatory actions and legal matters and the other information referenced in the "Risk Factors" section appearing in our most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, and as revised and updated by our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement made by us is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

SEE Contacts

Media | Christina Griffin
704.430.5742
christina.griffin@sealedair.com

Investors | Brian Sullivan
704.503.8841
brian.c.sullivan@sealedair.com

View additional multimedia and more ESG storytelling from SEE® on 3blmedia.com.

Contact Info:
Spokesperson: SEE®
Website: https://www.3blmedia.com/profiles/seer
Email: info@3blmedia.com

SOURCE: SEE®

View source version on accesswire.com:
https://www.accesswire.com/791568/see-releases-2022-impact-report

FAQ

What is the main focus of SEE's 2022 Impact Report?

The main focus of SEE's 2022 Impact Report is on the company's progress towards its sustainability goals and the introduction of innovative packaging solutions.

What percentage of SEE's portfolio of material solutions have been redesigned to meet sustainability requirements?

More than 50% of SEE's portfolio of material solutions have been redesigned to meet sustainability requirements.

What areas has SEE made progress in reducing?

SEE has made progress in reducing water, energy, and greenhouse gas emissions from their operations.

What frameworks are used for reporting on SEE's sustainability goals and progress?

SEE expands reporting on sustainability goals and progress under the GRI standard, TCFD, and SASB frameworks.