Company's latest achievement further verifies
ethical practices throughout value chain and shows commitment to
transparency
TAMPA,
Fla., March 26, 2024 /PRNewswire/ -- Crown
Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com) has received
the Aluminium Stewardship Initiative (ASI) Chain of Custody
(CoC) Standard V2 (2022)
Certification for its Mexican operations—the latest addition to a
series of responsible sourcing credentials around the globe. By
monitoring materials into their downstream stages, the
certification aims to verify whether organizations maintain due
diligence as their products move throughout their complete life
cycles. For Crown, this achievement underscores a commitment to
transparency and demonstrates a focus on product stewardship as
part of the Company's Twentyby30™ sustainability
program.
The ASI CoC Standard V2 applies to the production of beverage
cans, can ends and ROPP closures at Crown Mexico facilities,
including Crown Ensenada, Crown Guadalajara, Crown Toluca, Crown
Latas Monterrey, Crown Cierres Monterrey and its headquarters in
Monterrey, Mexico. Comprising a
collective annual production capacity of 6.85 billion beverage
cans, 6.7 billion can ends and 400 million ROPP closures, the
facilities originally received Performance Standard V2 (2017) in
January 2022.
"Across all of our facilities in Mexico, we are mindful of the materials we
utilize and how our products make their way through the market, as
we understand our responsibility extends beyond our own
manufacturing lines," said Eduardo
Argueta, President of Crown Mexico. "We are honored that ASI
has verified our practices for alignment with the CoC Standard, as
we always aim to meet the industry's highest expectations for
ethics and corporate stewardship."
Serving as an extension to the ASI Performance Standard, the CoC
Standard sets requirements for material that is produced and
processed through the value chain into diverse downstream sectors.
The implementation of the ASI CoC Standard links verified practices
at successive steps of the supply chain – certified under the ASI
Performance Standard – to the products produced by ASI Certified
Entities. The CoC Standard also confirms that appropriate policies
and due diligence process are in place to identify and address
critical issues, such as corruption, human rights abuses, materials
originating from conflict-affected and high-risk areas in the
supply chain and support responsible sourcing.
"It is no longer enough to simply share material origins," said
John Rost, Senior Vice President –
Crown Technology, Sustainability and Regulatory Affairs at Crown.
"As a corporation with a global presence, we must do our part to
establish thorough precautionary measures up and down our value
chain—and to be transparent about the steps we are taking to
protect the environment, communities and employees as we work to
meet consumer demand. Our latest ASI certification shows we are
being hypervigilant and are making the effort to minimize our
impact at every stage."
Prior to achieving the ASI CoC Standard V2, Crown Mexico was
verified with the ASI Performance Standard. The Company also
previously received verification in several other countries,
including Brazil, Colombia and Thailand, and continues to pursue
verification in other regions across its global footprint.
ASI is a global, multi-stakeholder, non-profit standards and
certification organization which works to maximize the contribution
of aluminum to a sustainable society. The independent, third-party
audit of Crown's Mexican facilities was carried out by DNV Business
Assurance Services UK Ltd.
To learn more about Crown's efforts around responsible material
sourcing and its comprehensive
Twentyby30™ sustainability 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 Tampa, Florida. For more information,
visit www.crowncork.com.
For editorial inquiries: Emily
Hogan, Senior Account Executive, FINN Partners; Tel: (630) 248-5232;
Email: emily.hogan@finnpartners.com.
Cautionary Note Regarding Forward-Looking Statements
Except for historical information, all other information in this
press release consists of forward-looking statements within the
meaning of federal securities law. These forward-looking statements
involve a number of risks, uncertainties and other factors that may
cause actual results to be materially different from those
expressed or implied in the forward-looking statements. Important
factors that could cause the statements made in this release or the
actual results of operations or financial condition of the Company
to differ are discussed under the caption "Forward Looking
Statements" in the Company's Form 10-K Annual Report for the year
ended December 31, 2023 and in
subsequent filings. The Company does not intend to review or revise
any particular forward-looking statement in light of future
events.
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SOURCE Crown Holdings, Inc.