The stock of Crown Holdings, Inc (NYSE:CCK) closed at $56.74 losing 0.46% in yesterday’s trading session. In its latest Digital Report, Crown proceeded to unveil a demonstration of its outstanding progress and that was in line with its sustainability goals.
Metrics published in the report include lower greenhouse gas emissions, zero work-related fatalities, decreased aluminum usage as well as reduced VOC and NOx emissions.
The report is titled “Infinite Innovation,” and showcases the major strides Crown has made in the economic, environmental, and social dimensions of sustainability. An analyst following closely on the company’s most recent developments outlined that in consideration of the challenges the company had come across along the way, it had even outdone itself and the future looked bright.
The other notable thing was the documentation of the company’s efforts in fiscal years 2015 and 2016 which had to do with the determination to move ahead and accomplish much more with less. The Crown’s geographic footprint has expanded and its production ramped up. Data emanating from the various assets accumulated during the acquisitions of Empaque and Mivisa has also gotten place in Crown’s sustainability reporting and that is happening for the very first time.
Crown’s spokesperson opined, “The hallmark of Crown’s sustainability story is its primary product – metal packaging. Composed of natural elements that maintain their physical properties forever, metal packaging is a powerful example of a circular economy at work. Once metal enters the material-to-material loop, it will always be available for future generations.”
The rest of the other crucial benefits that pull along with the format of the report include the associated long shelf life as well as the significant role it plays when it comes to food waste which is possible because of the robust barrier properties.
The President and Chief Executive Officer of the Company, Timothy Donahue said that there was so much to be proud of simplify by taking a look at the new sustainability report. What impressed the chief executive the most were the significant reductions in the outstanding environmental metrics.