Crown Holdings announced today that its targets for GHG emissions reductions have been approved by the Science-Based Targets Initiative (SBTi). Crown’s target met SBTi’s most stringent criteria of being consistent with reductions required to keep warming to 1.5°C.
Crown is a 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.
SBTi was formed as a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC), with the goal to establish science-based environmental target setting as a standard corporate practice. Achieving approval of targets by SBTi is a significant milestone for companies’ sustainability efforts, with many companies joining the initiative, but only 420 receiving approval globally to date. Crown stated that the approval follows a stringent validation process by SBTi, which defines and promotes best practice in science-based target setting and independently assesses companies’ goals.
SBTi lists Crown’s targets as follows:
Crown Holdings, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year. Crown Holdings, Inc. also commits to reduce absolute scope 3 GHG emissions 16% over the same target period.
Timothy J. Donahue, President and Chief Executive Officer of Crown said:
“As a Company, we are taking serious, deliberate steps to accelerate our sustainability commitments. Receiving approval on our emission reduction objectives from the Science Based Targets initiative serves as a major proof point that we are on the right track. We are proud to secure this distinction, which is only held by seven other companies in the global containers and packaging sector, and be part of an elite group of organizations fighting against climate change.”