CCL Industries and the Ellen MacArthur Foundation

TORONTO, Aug. 31, 2020 (GLOBE NEWSWIRE) -- CCL Industries Inc. (“CCL”) (TSX:CCL.A) (TSX:CCL.B), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, has signed the New Plastics Economy Global Commitment led by the Ellen MacArthur Foundation. Launched in 2010, this charitable organization is dedicated to accelerating the transition to a circular economy: designing out waste and pollution, keeping products and materials in use, and regenerating natural systems. Since its creation, the charity has emerged as a global thought leader on the circular economy, keeping it on the agenda of decision makers across business, government and academia.

The New Plastics Economy, a part of the Ellen MacArthur Foundation, is a circular vision for plastic in which plastic never becomes waste. In 2018, the New Plastics Economy launched The Global Commitment to unite businesses and governments to commit and work for change in the production, use and reuse of plastic.

Geoffrey T. Martin, President and Chief Executive Officer, said, “This is a milestone on our journey towards making the Company a sustainability leader in our industry with responsible supply chain operations and innovative products for customers and consumers globally. We are making the following commitments publicly:

• By 2025, all customers of CCL will be able to choose label products and solutions that will not hinder consumer packaged goods to be recyclable, reusable or compostable.
   
• CCL will limit industrial waste ending up in the environment or in landfills by implementing waste reduction strategies. We are setting goals of cutting today’s level of waste by 90% globally by 2025 and eliminating all landfill from our manufacturing process by 2030 in North America and Europe.
   
• CCL will use a fixed financial percentage of its R&D resources annually towards further development of sustainable and circular products.
   
• CCL will continue to work collaboratively across the plastic value chain to ensure packaging is sorted and recycled in practice and at scale by developing enabling label solutions.

In the coming years we will invest in technology and resources to achieve these targets.”

Forward-looking Statements

This press release contains forward-looking information and forward-looking statements (hereinafter collectively referred to as “forward-looking statements”), as defined under applicable securities laws, that involve a number of risks and uncertainties. Forward-looking statements include all statements that are predictive in nature or depend on future events or conditions. Forward-looking statements are typically identified by the words “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans” or similar expressions. Statements regarding the operations, business, financial condition, priorities, ongoing objectives, strategies and outlook of the Company, other than statements of historical fact, are forward-looking statements. Specifically, this press release contains forward-looking statements regarding the Company’s commitment to environmentally sustainable policies associated with The Global Commitment.