Sealed Air Named Green Giving Corporation By Matthew 25: Ministries For Third Year In A Row
CHARLOTTE, NC, May 24, 2017 – For the third consecutive year, Sealed Air Corporation (NYSE: SEE), has been named a Green Giving Corporation by Matthew 25: Ministries, a top-ranked international humanitarian aid and disaster relief organization headquartered in Cincinnati, Ohio. This designation represents the pinnacle of responsible corporate environmental stewardship through the Green Giving program. Sealed Air and other corporations work throughout the year with Matthew 25: Ministries to rescue, recycle, reuse and repurpose millions of pounds of excess products, saving these products from the landfill, protecting our environment and helping millions of people throughout the U.S. and worldwide each year.
Commercial and industrial waste is a significant portion of solid waste. American industrial facilities generate and dispose of approximately 7.6 billion tons of industrial solid waste each year, according to the EPA. Reducing, reusing, recycling and repurposing excess products can have an enormous impact on our environment. Through partnership with companies like Sealed Air, Matthew 25: Ministries rescues and reuses approximately 15,000,000 pounds of these corporate excess products each year.
Corporate donations are evaluated, categorized and processed at Matthew 25: Ministries’ 168,000 square foot facility and then redistributed to partner organizations in the Greater Cincinnati community, throughout the U.S. and around the world. Responsibly recycled products from generous corporate donors like Sealed Air impacted the lives of more than 20,000,000 people in 2016.
Matthew 25: Ministries has developed the Green Giving Guidelines as a way of acknowledging these product donors for their exceptional level of corporate and environmental responsibility. Corporate donors like Sealed Air that meet the standards of the Green Giving Guidelines have demonstrated an extraordinary level of environmental stewardship. Corporate donors receive a display certificate and the opportunity to display the Green Giving Seal.
The Green Giving Guidelines include the following standards:
- Donate product multiple times per year to Matthew 25: Ministries.
- Donate a significant amount of product based on company size, location and/or capacity.
- Demonstrate an overall commitment towards minimizing corporate waste.
- Demonstrate outstanding corporate citizenship by repurposing corporate excess for humanitarian work.
The Green Giving Guidelines are designed to encourage corporate environmental responsibility, values and attitudes; acknowledge participating corporations’ willingness to act responsibly and applaud the enormous impact their actions have on the environment and on people in need.
About Matthew: 25 Ministries
Matthew 25: Ministries rescues and reuses approximately 15,000,000 pounds of corporate discontinues, misprints, overruns, off-spec, slightly damaged, returned and past season products a year and redistributes them to people in desperate need throughout the US and worldwide. Each year, Matthew 25: Ministries impacts the lives of more than 16,000,000 individuals throughout the United States and around the world. More than 99% of Matthew 25: Ministries’ cash and in-kind donations go toward programs. Matthew 25 is highly ranked on Forbes' list of the Most Efficient Large Charities in the US. Matthew 25 is also highly ranked among more than 2,500 four star charities on Charity Navigator. Matthew 25: Ministries appears in The "Philanthropy 400" listing of America's Top Charities and is accredited by the Better Business Bureau through the "Wise Giving Alliance Standards". For more information, visit www.m25m.org.
About Sealed Air
Sealed Air Corporation creates a world that feels, tastes and works better. In 2016, the Company generated revenue of approximately $6.8 billion by helping our customers achieve their sustainability goals in the face of today’s biggest social and environmental challenges. Our portfolio of widely recognized brands, including Cryovac® brand food packaging solutions, Bubble Wrap® brand cushioning and Diversey® cleaning and hygiene solutions, enables a safer and less wasteful food supply chain, protects valuable goods shipped around the world, and improves health through clean environments. Sealed Air has approximately 23,000 employees who serve customers in 171 countries. To learn more, visit www.sealedair.com.
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 the 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 “anticipates,” “believes,” “plan,” “assumes,” “could,” “should,” “estimates,” “expects,” “intends,” “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 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: the tax benefits associated with the Settlement agreement (as defined in Sealed Air’s 2015 Annual Report on Form 10-K), global economic and political conditions, changes in our credit ratings, changes in raw material pricing and availability, changes in energy costs, competitive conditions, Sealed Air’s success in the spin of the Diversey Care and related hygiene business, the success of restructuring activities, currency translation and devaluation effects, the success of financial growth, profitability, cash generation and manufacturing strategies and cost reduction and productivity efforts, the success of new product offerings, the effects of animal and food-related health issues, pandemics, consumer preferences, environmental matters, regulatory actions and legal matters, and the other information referenced in the “Risk Factors” section appearing in each companies 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 in this press release is based only on information currently available and speaks only as of the date on which it is made. Neither company undertakes the 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.