Sealed Air Named to CDP Climate Disclosure Leadership and Performance Leadership (A List) Status for Achievements
Charlotte, NC, November 16, 2015 – Sealed Air Corporation (NYSE: SEE) today announced that its efforts to reduce greenhouse gas emissions and mitigate risks of potential climate change have been recognized by CDP, the world’s only global environmental disclosure system. According to this year’s CDP 2015 Climate Change Report, Sealed Air was named to the Climate Performance Leadership Index (CPLI) A List and also earned a position in CDP’s S&P 500 Climate Disclosure Leadership Index (CDLI), for the second consecutive year.
“We are pleased to be recognized by CDP for our focus on sustainability improvements. Our sustainability strategy is centered on greenhouse gas reductions, reducing operating costs and risk, and generating value through solutions that reduce waste, conserve energy and water, and optimize the use of raw materials for our customers. Our investments in game-changing improvements within our operations, both technically and procedurally, have delivered new, sustainable products and solutions that address these global challenges,” said Jerome A. Peribere, President and Chief Executive Officer, Sealed Air.
This year, approximately 2,000 companies reported to the CDP Climate questionnaire. Company disclosures to CDP are scored on a scale of 0 - 100 for completeness and data quality. This year, Sealed Air scored 100 for Disclosure and achieved an A rating on the Climate List, one of only 113 companies accounting for the top 5% of those reporting. High scores indicate that companies provided robust climate data and conveyed a strong understanding of corporate climate-related issues. Companies in the top 10% for Disclosure scores are awarded a position on the CDLI. CDP Disclosure scores are provided to investors and other decision makers through various channels, including Bloomberg terminals, to help them assess corporate preparedness for changing market demands, current and future emissions regulations, as well as current and future physical risks and opportunities associated with climate change.
For more information on Sealed Air’s sustainability commitments, visit our website.
CDP’s annual global climate change report, along with the climate scores of all companies publicly taking part in CDP’s climate change program this year, is available on CDP’s website.
About Sealed Air
Sealed Air Corporation creates a world that feels, tastes and works better. In 2014, the Company generated revenue of approximately $7.8 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 24,000 employees who serve customers in 175 countries. To learn more, visit www.sealedair.com .
We routinely post important information for investors on our website, www.sealedair.com, in the "Investor Relations" 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 Investor Relations 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 “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 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: the tax benefits associated with the Settlement agreement (as defined in our 2014 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, success of our restructuring activities, currency translation and devaluation effects, the success of our financial growth, profitability, cash generation and manufacturing strategies and our cost reduction and productivity efforts, 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 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.
Lori Chaitman, 201-703-4161
Meredith Rigdon, 704-794-4114