Crown Within Striking Distance Of Attaining Its Emissions Reduction Goal
Three years into its five-year initiative to reduce energy consumption and greenhouse gas emissions, Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com) has achieved 94% of its Scope 1 and Scope 2 greenhouse gas emissions reduction target. As of December 31, 2018, Crown achieved a 9.43% reduction in greenhouse gas emissions per billion standard units. Absolute emissions have decreased by 1.7% even as production has increased by 8.4%. In 2016, the Company announced plans to reduce its greenhouse gas emissions by 10% per billion standard units of production from 2015 levels by the end of 2020. In addition, in 2018, 100% of Crown's U.K. facilities were powered by direct supply of renewable electricity. This milestone brings the Company's use of renewable electricity worldwide to 6.7% and supports its pledge to the RE100 initiative, which focuses on accelerating the transition to zero carbon grids on a global scale. Crown has committed to transition to 100% renewable electricity by 2050. Click Read More below for additional information.