YARDLEY, Pa., Nov. 20, 2020 /PRNewswire/ -- ³Ô¹Ï51±¬ÁÏÍø Holdings, Inc. (NYSE: CCK) (³Ô¹Ï51±¬ÁÏÍø) () is now operating all 14 of its beverage can plants in the U.S. and Canada on renewable energy. It is the first metal packaging manufacturer to achieve this milestone, which is the result of a 15-year wind power Virtual Power Purchase Agreement (VPPA) with Longroad Energy. With the VPPA in effect and all of ³Ô¹Ï51±¬ÁÏÍø's manufacturing facilities in the U.K. already completing a similar transition, 27.5% of the Company's global operations are now using renewable electricity.
This accelerated usage of alternative power sources serves as a major step in ³Ô¹Ï51±¬ÁÏÍø's plan to employ 60% renewable electricity by 2030, 90% by 2040 and 100% by 2050—targets established in ³Ô¹Ï51±¬ÁÏÍø's initiative, a comprehensive sustainability program that addresses climate issues among other areas of urgent global concern. The action also supports ³Ô¹Ï51±¬ÁÏÍø's Twentyby30 goal to decrease Scope 2 greenhouse gas (GHG) emissions within its global operations, targeting a 50% combined reduction in absolute Scope 1 (fuel) and Scope 2 (electricity) emissions. The transition reflects ³Ô¹Ï51±¬ÁÏÍø's commitment to the RE100, which is led by The Climate Group and CDP and focuses on accelerating the transition to zero carbon grids at global scale.
Relying on a Texas-based wind farm, the VPPA generates more than 440,000 MWhs of electricity, helping prevent over 310,000 metric tons of carbon emissions each year—the equivalent to taking at least 67,000 passenger vehicles off the road for one year. The renewable power offsets 100% of the energy usage within ³Ô¹Ï51±¬ÁÏÍø's U.S. and Canadian beverage plants, which account for over 20% of the Company's global Scope 2 greenhouse gas emissions.
"This VPPA, which makes us the first in our industry to complete an energy transition for all U.S. and Canadian beverage can manufacturing facilities, is a major milestone on our journey to utilize 100% renewable electricity by 2050 and will play a critical role in reducing GHG emissions from our operations," stated John Rost, Ph.D., Vice President, Global Sustainability and Regulatory Affairs at ³Ô¹Ï51±¬ÁÏÍø. "Making a pledge to the RE100 initiative, setting science-based emission reduction targets and now implementing wind power across our U.S. and Canadian beverage plants—these are all actions we view as critical for driving measurable progress against climate change for our planet."
³Ô¹Ï51±¬ÁÏÍø will continue to report progress against its journey to using 100% renewable electricity via and its biennial sustainability reports.
About ³Ô¹Ï51±¬ÁÏÍø Holdings, Inc.
³Ô¹Ï51±¬ÁÏÍø 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 .
For more information, contact sustainability@crowncork.com.
For editorial inquiries: Mallory Schindler, Account Supervisor, FINN Partners; Tel: (212) 529-2634; Email: mallory.schindler@finnpartners.com
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