Coming off the back of the successful execution of its sustainability strategy and performance against its 2020 goal to reduce the greenhouse gas intensity of its operations by 25 per cent, Sealed Air Corporation has set itself an ambitious new goal to reach net-zero carbon emissions by 2040.
To date, the company has far exceeded its 2020 ambitions by already achieving more than 44 per cent reduction in emissions.
The company has committed to ambitious actions to meet the scientifically established threshold necessary to keep global warming to no more than 1.5 degrees Celsius above pre-industrial levels.
“Sealed Air is leading our industry in the race to zero emissions. This is not only the right thing to do, it is our purpose – to make the world better than we found it,” says Ted Doheny, president and CEO of Sealed Air.
“Our talented people are working hard to create sustainable solutions and innovate to eliminate resource waste. We will also continue to invest in technology and collaborate with our partners and suppliers to beat this goal.”
Addressing climate change is a critical part of Sealed Air’s purpose and strategy, and is key to making the company’s business, supply chain, customers’ businesses, and communities around the world more resilient.
Sealed Air aims to establish new benchmarks for mitigating environmental and societal risks, such as climate change, while generating long-term value for stakeholders and society.
Among the actions taken to reduce carbon emissions within the company’s operations, supply chain and beyond are:
- Adopting state-of-the-art technology and innovation for automated packaging solutions and systems, advanced recycling, and recyclable and renewable materials;
- Continuing investments in renewable energy, such as a solar power project in California and a wind power project in Argentina;
- Improving efficiencies that reduce emissions in global operations for the company and its customers; and
- Contributing to the reduction of waste across the value chain, including making improvements to the shelf life of food and reducing food waste, enhancing transportation efficiency, and protecting goods in transit.
Sustainability performance
For the seventh consecutive year, Sealed Air has been recognised by the CDP for "excellent performance in reducing greenhouse gas emissions", receiving an A- for the company’s 2020 CDP climate disclosure.
For 20 years, CDP has served as a global non-profit that runs the world’s leading environmental disclosure platform, which is widely recognised as the gold standard in corporate environmental reporting.
In 2020, more than 9600 companies disclosed environmental data through CDP at the request of 150 major purchasing organisations.
In addition, for the second year in a row, Sealed Air was named in the 2020 CDP Supplier Engagement Leaderboard for its actions and strategies to reduce greenhouse gas emissions, and address climate-related issues and risks in its supply chain.
By making this list, Sealed Air sits among the top seven per cent of companies assessed for supplier engagement on climate change.
