YARDLEY, Pa., Nov. 29,
2021 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK)
(Crown) (www.crowncork.com) has been named to Investor's
Business Daily's (IBD) Best ESG Companies of 2021 list.
The third annual list recognizes the top 100 businesses with
superior Environmental, Social and Governance (ESG) ratings along
with broad strength in fundamental and technical areas linked to
stock price performance. This is Crown's first appearance on the
list, ranking among the top five in the Industrials category, and
#24 overall. Crown is the only packaging company included in the
top five companies in the Industrials category.
To compile the list, IBD screened Dow Jones' ESG ratings, which
included over 6,000 companies. To narrow the field to the top 100,
IBD sought out the top 15% of the 2,360 companies whose stock price
was $10 or higher and traded in the
U.S. Companies were then vetted for having an IBD Composite Rating
of 85 or better followed by Relative Strength Rating and EPS
Rating. Finally, companies were ranked by Dow Jones ESG data.
"The IBD ranking is based on a unique combination of ESG and
financial metrics," said Timothy J.
Donahue, President and Chief Executive Officer of Crown. "We
are honored to be recognized for our strong performance in both
areas. Just over a year ago, we debuted our robust
Twentyby30 program to elevate our commitment to
sustainability and set a bold agenda for the next decade. We know
we are on the right track with our efforts, taking the appropriate
steps to remain a sustainability leader among our peers and achieve
the goals important to our internal and external stakeholders. We
look forward to accelerating our progress and fostering meaningful
change today and into the future."
Being named to IBD's Best ESG Companies list is the latest
achievement for Crown in a year that saw the Company reach several
key milestones on its sustainability journey:
- In 2021, Crown joined The Climate Pledge, a commitment to be
net-zero carbon across its operations by 2040, ten years ahead of
The Paris Agreement, and the Ellen Macarthur Foundation's Network,
where the Company will help identify innovative solutions that
support the transition to a circular economy.
- ESG ratings provider Sustainalytics ranked Crown in the top
position for mitigating ESG risk within the metal and glass
packaging sector for the second consecutive year. Sustainalytics
also advanced Crown to the Negligible Risk category, a designation
achieved by only 1% of the more than 12,000 global companies
reviewed.
- Crown's North American Beverage Packaging business ranked
within the U.S. Environmental Protection Agency's (EPA) Top 25
Green Power Partners from the Fortune 500 list for demonstrating a
commitment to advancing the green power market.
- The Company's Brazilian operations have been certified by the
Aluminium Stewardship Initiative (ASI) against the ASI Performance
Standard for responsible production, sourcing and stewardship of
aluminum with a focus on material stewardship.
- Crown was named to the 100 Best Corporate Citizens of 2021 list
by 3BL Media, headlined by its strong performance in the Climate
Change pillar, within which it ranked ninth place.
- CDP, a leading global environmental impact non-profit
organization, awarded Crown a Supplier Engagement Rating (SER) of A
as part of its annual climate change assessment of companies
globally. This rating earned Crown a spot on the 2020 Supplier
Engagement Leaderboard and put the Company in the top 7% of 8,033
companies assessed by CDP.
To learn more about Crown's
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.