CHARLOTTE, NC --- December 16, 2015 – Sealed Air Corporation (NYSE: SEE) and its President & CEO today released the following statement in response to the outcomes of the United Nations COP 21 climate change conference.
“Earlier this week, we saw an historic outcome from COP 21,” stated Jerome A. Peribere. “Global government leaders and communities convened and agreed to reduce greenhouse gas emissions, place a larger focus on climate temperatures, and pledged $100 billion a year to help developing countries meet their goals. We applaud our global leaders and tip our hat to all in attendance. Thank you for the good work you have committed to accomplish this.
Although the agreements entered in Paris last week are goals, not requirements, it’s up to us and our fellow businesses to venture onward, continuing the good work set in Paris. We also added our names as a signatory in the Business Backs A Low Carbon USA statement. We are one of many brands in the United States committed to supporting the evolution of our economy into one that is energy efficient and focused on lower carbon emissions. Many of the things we already do at Sealed Air are helping us achieve this goal, but it cannot be done alone. We cannot see an impact in the global climate change problem without global collaboration and commitment.
At Sealed Air, we’re well on our way to reducing our carbon footprint and mitigating the effects of greenhouse gases (GHG’s) and climate change. Just recently, CDP recognized us on their Climate A List and Climate Disclosure Leadership Index for the work and reporting we are doing to mitigate the effects of climate change in our operations.
In June 2015, we announced our 2020 Sustainability Goals, detailing our aggressive commitments in our own operations, our product solutions, and the communities we serve. Further, we aren't just reducing our global impact; we’re finding better ways to leverage our use of resources. Not only are we reducing the climate change impact of our own operations, but our product solutions reduce the impact at our customers' operations as well. And we’re not just focusing on renewables, we’re eliminating waste entirely – for our customers and in the supply chain.
Our product packaging innovations preserve the use of resources by eliminating damage in transit, reducing returns, and ensuring shelf space and delivery vehicle space are optimized. Our work in food packaging is eliminating food waste around the globe through both innovation and education. Our Diversey Care solutions are all about conserving water and energy resources in our customers’ operations while ensuring performance and sustainability. Diversey Care low temperature laundry, for example, reduces water and energy consumption while extending the life of fabrics.
We believe by continuing to innovate and focus on how we use resources, we will be able to effectively reduce our footprint and greenhouse gas emissions, achieving our 2020 Sustainability Goals and the goals set in place at COP 21.”
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 cash 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.