Sustainability

Corporate Social Responsibility Initiative

Overview

In 2023, the Company continued collecting comprehensive environmental data to build a robust baseline for addressing our environmental impacts. Our emissions were calculated using the Greenhouse Gas Protocol and the data for Scope 2 using the market-based methodology. Categories of disclosure were determined based on the results of the 2020 Materiality Assessment and the Sustainability Accounting Standards Board (SASB) Containers and Packaging standard. Scope 3 categories identified as material to CCL and included in this report are: Purchased Goods & Services (including Water), Inbound Deliveries, Outbound Deliveries, Waste, Business Travel, Employee Commuting and Fuel & Energy-Related Activities.

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Sustainability

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Ethics

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Health & Safety

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Responsible Supply Chains

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Circular Innovation

Emissions

In order to more accurately track our emissions in 2023, we continued to track intensity per unit of revenue, aligning our environmental reporting with our science-based targets (SBTs). Since 2019, the Company's emissions intensity has reduced by 10%. Absolute global scope 1 emissions have decreased by 11% and scope 2 emissions have decreased by 2%, as compared to 2022 levels. CCL is increasingly prioritizing the use of renewable energy into our electricity consumption and integrating energy savings technologies, waste reduction projects and partnering with customers and suppliers on material changes to help the Company achieve these reductions.

Scope 1 + 2 GHG Emissions (MT CO2e)

2022
Scope 1 GHG Emissions

0

Scope 2 GHG Emissions, Market-Based

0

Scope 1 + 2 GHG Emissions, Total

0

2023
Scope 1 GHG Emissions

0

Scope 2 GHG Emissions, Market-Based

0

Scope 1 + 2 GHG Emissions, Total

0

Waste

In 2023, the Company updated our waste reduction goals to align better with our company structure and to align with current best practices in the industry. While revenue increased 4% from 2022 levels, waste to landfills decreased 14% and incineration of waste decreased 31%. Overall, our waste in 2023 decreased 11% compared to 2022 levels across the Company.

2023 Waste Breakdown by End of 2023 Waste Breakdow

Landfill

0%

Incineration

0%

Recycled

0%

Compost

0%

Hazardous

0%

Water

CCL understands and prioritizes the need to use water responsibly and does so by minimizing consumption and maintaining the quality of wastewater leaving our facilities. Approximately one in three of our global facilities are based in water stressed regions, which is why the Company ensures our impacts from operations are low with water primarily used for sanitation, cleanup processes and cooling systems within the manufacturing process. To ensure responsible water usage, most of the chillers and cooling systems incorporated within our manufacturing equipment are closed-loop, requiring no additional water consumption. Our usage of municipal water has decreased by 11% globally.

0%

decrease in water company global usage

Targets and Goals

Over the past several years the Company has prioritized developing a robust baseline of data regarding our environmental impact, which serves as the first step towards setting targets and goals in these key areas. CCL is committed to transparent environmental disclosures and setting targets aligned with scientific and industry standards.

CCL submitted targets for verification through the Science-Based Target (“SBTi”) initiative. The terms of these targets and goals through SBTi include (based on a baseline year of 2022):
• Reducing scope 1 and 2 emissions intensity by 50% by 2030
• Reducing scope 1 and 2 emissions intensity by 90% by 2050
• Engage 90% of suppliers by spend and 50% of customers by revenue to set Science-Based Targets by 2050

2025

0%

landfill diversion globally
Reduce Scope 1 and 2 emissions intensity

0%

by 2028