Sealed Air Awarded CDP Leadership Status for Fifth Consecutive Year
CHARLOTTE, N.C., March 14, 2019 -- Sealed Air Corporation (NYSE:SEE) today announced it was recognized by CDP as an industry leader for the fifth consecutive year.
Sealed Air has earned an A- rating in the CDP Climate Change ratings report for 2019. This rating is higher than its reporting sector average and the North American average. The company has voluntarily reported each year for the last five years.
“We are pleased to be recognized by CDP as an industry leader for our commitment to designing innovative packaging solutions that reduce environmental impacts from our operations and those of our customers,” said Ted Doheny, Sealed Air President and CEO. “We are focused on creating a more sustainable global supply chain and circular economy. By improving how we innovate, buy, make, and solve, we are able to address our customers’ most critical packaging challenges, lead the industry with sustainable solutions, and leave our world, environment, and communities better than we found them.”
Additionally, Sealed Air was awarded a CDP Supplier Engagement Rating of A and is considered a leader for its efforts in mitigating the effects of climate change across the supply chain. Sealed Air is among the top three percent of organizations awarded a supplier engagement position.
“This year, we were recognized for our hard work in improving the efficiency of our operations and our role as a supplier engaging with our customers to reduce the environmental impacts associated with packaging, distribution and product damage,” said Doheny.
About Sealed Air
Sealed Air partners with customers to solve their most critical packaging challenges with innovative solutions that leave our world, environment, and communities better than we found them. Our portfolio of widely recognized brands includes Cryovac® food packaging and Bubble Wrap® protective packaging which respectively enable a safer, more efficient food supply chain and protect valuable goods shipped around the world. Sealed Air generated $4.7 billion in sales in 2018 and has approximately 15,500 employees who serve customers in 123 countries. To learn more, visit www.sealedair.com.
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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, pandemics, changes in energy costs, environmental matters, the success of our restructuring activities, 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.