Crown Recognized As Leader By CDP For Supplier Engagement In Managing Climate Risk
Crown Holdings, Inc. has been identified as a global leader for its actions and strategies to reduce emissions and manage climate risks in its supply chain. CDP, a leading global environmental impact non-profit organization, has awarded Crown a Supplier Engagement Rating (SER) of A as part of its annual climate change assessment of companies globally. This rating earns Crown a spot on the 2020 Supplier Engagement Leaderboard and puts the Company in the top 7% of 8,033 companies assessed by CDP. The SER provides a rating for how effectively companies engage their suppliers on climate change. CDP assessed performance on supplier engagement using a company's response to select questions on governance, targets, Scope 3 emissions and value chain engagement in the CDP Climate Change 2020 questionnaire. Climate Action is one of five central pillars of action under Crown's Twentyby30 sustainability strategy. As part of its commitments in this area, the Company has pledged to reduce absolute greenhouse gas emissions (GHGs) from its supply chain (Scope 3) by 16% by 2030 from a 2019 baseline.