CHARLOTTE, NC / ACCESSWIRE / October 27, 2022 / SEE (NYSE:SEE) today released its Global Impact Report for reporting year 2021, which discloses the company's sustainability and environmental, social and governance (ESG) related priorities and performance. The report highlights notable progress toward SEE's science-based greenhouse gas emission reduction targets, DEI commitments, sustainability pledge, zero-harm efforts, and other key priorities.
The report also introduces SEE's net positive approach: Developing market-centric solutions that create environmental, social and economic value that largely exceed their investment. The company is achieving net positive outcomes through its strategic sustainability pillars focused on solving customer challenges, mitigating climate change, accelerating a circular economy, and partnering to transform through innovations.
Download SEE's full 2021 Global Impact Report from the company's website. Sustainability and ESG initiatives featured in the report include:
Mitigating Climate Change
Generated 146,113 tonnes of CO2eq global Scope 1 CO2 emissions, and 285,848 tonnes of CO2eq global Scope 2 CO2 emissions.
Reduced GHG intensity 17.5% from a 2019 base year.
Building a Climate Roadmap
SEE is building a technical roadmap for its transition to net-zero carbon dioxide emissions by 2040. The roadmap will inform the actions taken to reduce energy consumption, increase efficiencies in operations, and find renewable energy opportunities for the company's manufacturing facilities across the globe.
Investing in Renewable Energy
SEE installed 8,975 solar panels, along with a battery storage system, to power 98% of the electricity used at its Madera, CA manufacturing facility. The company also invested in renewable energy credits which resulted in 16 SEE facilities being fully credited with 100% renewable energy as of December 31, 2021.
Eliminating Resource Waste
Achieved a 10.1% reduction in energy intensity from a 2019 base year.
Diverted 67% of waste from landfill and external incineration.
Reached a 13.4% reduction in water intensity from a 2019 base year.
Accelerating a Circular Economy
Solutions designed for recyclability accounted for approximately 50% of the material weight sold compared to 47% in 2020. Recycled or renewable content accounted for 19% of the material weight sold. In 2021, net sales generated from products defined as recyclable, designed for recyclability, or reusable were $1.935 billion.
Achieving Zero Harm
Total recordable injuries were reduced by 8%.
Zero recordable incidents were achieved at 64% of SEE's manufacturing facilities.
Creating a Caring, High-Performance Growth Culture
As of December 31, 2021, 25% of SEE's global workforce was female and 34% of SEE's U.S. workforce belonged to racial and ethnic minority groups.
In addition to sustainability data and ESG disclosures, SEE's Global Impact Report offers insights from some of the company's innovators, problem solvers, and future makers who are passionate about building a connected, safer world-one that's better than we find it.
Sealed Air (NYSE: SEE) is in business to protect, solve critical packaging challenges, and make our world better than we find it. Our automated packaging solutions promote a safer, more resilient, and less wasteful global food supply chain, enable e-commerce, and protect goods transported worldwide.
Our globally recognized brands include CRYOVAC® brand food packaging, SEALED AIR® brand protective packaging, AUTOBAG® brand automated systems, BUBBLE WRAP® brand packaging, SEE Automation™ solutions and prismiq™ smart packaging and digital printing.
SEE's Operating Model, together with our industry-leading expertise in materials, engineering and technology, create value through more sustainable, automated, and digitally connected packaging solutions.
We are leading the packaging industry in creating a more environmentally, socially, and economically sustainable future and have pledged to design or advance 100% of our packaging materials to be recyclable or reusable by 2025, with a bolder goal to reach net-zero carbon emissions in our global operations by 2040. Our Global Impact Report highlights how we are shaping the future of the packaging industry. We are committed to a diverse workforce and caring, inclusive culture through our 2025 Diversity, Equity and Inclusion pledge.
SEE generated $5.5 billion in sales in 2021 and has approximately 16,500 employees who serve customers in 114 countries/territories. To learn more, visit sealedair.com.
We routinely post important information for investors on our website, sealedair.com, in the Investors section. We use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 concerning our business, consolidated financial condition and results of operations. Forward-looking statements are subject to risks and uncertainties, many of which are outside our control, which could cause actual results to differ materially from these statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements can be identified by such words as "anticipate," "believe," "plan," "assume," "could," "should," "estimate," "expect," "intend," "potential," "seek," "predict," "may," "will" and similar references to future periods. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding expected future operating results, expectations regarding the results of restructuring and other programs, anticipated levels of capital expenditures and expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities and governmental and regulatory investigations and proceedings. The following are important factors that we believe could cause actual results to differ materially from those in our forward-looking statements: global economic and political conditions, currency translation and devaluation effects, changes in raw material pricing and availability, competitive conditions, the success of new product offerings, consumer preferences, the effects of animal and food-related health issues, the effects of epidemics or pandemics, including the Coronavirus Disease 2019, negative impacts related to the ongoing conflicts between Russia and Ukraine and related sanctions, export restrictions and other counteractions thereto, changes in energy costs, environmental matters, the success of our restructuring activities, the success of our merger, acquisition and equity investment strategies, the success of our financial growth, profitability, cash generation and manufacturing strategies and our cost reduction and productivity efforts, changes in our credit ratings, the tax benefit associated with the Settlement agreement (as defined in our most recent Annual Report on Form 10-K), regulatory actions and legal matters, and the other information referenced in the "Risk Factors" section appearing in our most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, and as revised and updated by our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement made by us is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
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Spokesperson: Sealed Air
SOURCE: Sealed Air
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