Sealed Air Commits Support to New Water Stewardship Standard and Program
April 09 2014 - 4:30PM
Business Wire
Sealed Air (NYSE: SEE) announced today it has become a Founding
Partner of the AWS International Water Stewardship Program. The
Program was launched this week by the Alliance for Water
Stewardship and is the first global framework designed to provide
global standards for large-scale water use organizations to manage
and report on water use and address clean water risks and
impacts.
The AWS Standard is the centerpiece of the new AWS Program,
which includes multi-stakeholder membership, assurance and
training. The aim is to directly provide, or facilitate access to,
the range of services that both public and private sector water
users need to achieve their facility and watershed level
targets.
“Sealed Air has been instrumental in developing the underlying
AWS Standard since 2009 through sponsorship and support in
reviewing and testing the Standard,” said Ron Cotterman, Vice
President, Sealed Air. “As a Founding Partner of the newly launched
AWS Program, we will share our extensive expertise in helping
customers meet their water sustainability targets to progress the
adoption of AWS globally.”
Sealed Air is a leading innovator in developing water
stewardship solutions across a range of hospitality, building care,
retail and food & beverage industries. These solutions include
products for reducing water use, tools for assessing comparative
water consumption, and services to identify and address
water-related risks and impacts.
“The launch of the AWS Standard is a pivotal moment in our
collective efforts to manage water wisely in a world where social,
economic and environmental pressures collide. By providing a global
framework to develop local solutions, AWS will be a driving force
for collaboration on water sustainability. We are delighted to have
Sealed Air as a Founding Partner and we look forward to further
strengthening our relationship in the future,” said Adrian Sym, AWS
Executive Director.
Business
Sealed Air Corporation creates a world that feels, tastes and
works better. In 2013, the Company generated revenue of
approximately $7.7 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, ensures 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
25,000 employees who serve customers in 175 countries. To learn
more, visit www.sealedair.com.
Website Information
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.
Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements can be identified by such words as
“anticipates,” “believes,” “plan,” “assumes,” “could,” “estimates,”
“expects,” “intends,” “may,” “plans to,” “will” and similar
expressions. These statements reflect our beliefs and expectations
as to future events and trends affecting our business, our
consolidated financial position and our results of operations.
Examples of these forward-looking statements include expectations
regarding our anticipated effective income tax rate, the potential
cash tax benefits associated with the W. R. Grace & Co.
Settlement agreement (as defined in the Company’s Quarterly Reports
on Form 10-Q and Annual Reports on Form 10-K), potential volume,
revenue and operating growth for future periods, expectations and
assumptions associated with our restructuring programs,
availability and pricing of raw materials, success of our growth
initiatives, economic conditions, and the success of pricing
actions. A variety of factors may cause actual results to differ
materially from these expectations, including general domestic and
international economic and political conditions, changes in our raw
material and energy costs, credit ratings, the success of
restructuring plans, currency translation and devaluation effects,
the competitive environment, the effects of animal and food-related
health issues, environmental matters, and regulatory actions and
legal matters. For more extensive information, see “Risk Factors”
and “Cautionary Notice Regarding Forward-Looking Statements,” which
appear 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. While we may elect to update these forward-looking statements
at some point in the future, we specifically disclaim any
obligation to do so, whether as a result of new information, future
events, or otherwise.
Sealed Air CorporationInvestors:Lori Chaitman,
201-703-4161orMedia:Ken Aurichio, 201-703-4164
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