Sealed Air Corporation – purveyor of packaging brands like Cryovac and Bubble Wrap – has set a goal of reaching net-zero carbon emissions by 2040.
The Charlotte, North Carolina-based company made the announcement in a press release and also confirmed that it largely surpassed its greenhouse gas reduction goal for 2020. The packaging company had set out to reduce the greenhouse gas intensity of its operations by 25 percent by 2020 and actually achieved a greater than 44 percent reduction.
Additionally, Sealed Air Corp. says it “has committed to ambitious actions to meet the scientifically established threshold necessary to keep global warming to no more than 1.5 degrees Celsius above preindustrial levels.”
“Sealed Air is leading our industry in the race to zero emissions. This is not only the right thing to do, it is our purpose—to make the world better than we found it,” said President and CEO Ted Doheny. “Our talented people are working hard to create sustainable solutions and innovate to eliminate resource waste. We will also continue to invest in technology and collaborate with our partners and suppliers to beat this goal.”
According to Sealed Air the packaging company generated $4.9 billion in sales in 2020 and employs 16,500 people.
Sealed Air says that to reduce carbon emissions within the company’s operations, across its supply chain, and beyond, it is:
- “Adopting state-of-the-art technology and innovation for automated packaging solutions and systems, advanced recycling, and recyclable and renewable materials
- Continuing investments in renewable energy such as a solar power project in California and a wind power project in Argentina
- Improving efficiencies that reduce emissions in global operations for the company and its customers
- Contributing to the reduction of waste across the value chain including making improvements to the shelf life of food and reducing food waste, enhancing transportation efficiency, and protecting goods in transit”
A slew of other corporations such as Johnson Controls, Uber, and EV startup Rivian have also committed to reaching net-zero by 2040 and have signed Amazon’s Climate Pledge to reach the goals of the Paris Agreement 10 years early. Additionally, food, snack, and beverage giant PepsiCo has committed to achieving net-zero emissions by 2040.