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.”

Business Description

CCL Industries Inc. employs approximately 21,700 people operating 183 production facilities in 42 countries with corporate offices in Toronto, Canada, and Framingham, Massachusetts. CCL is the world’s largest converter of pressure sensitive and specialty extruded film materials for a wide range of decorative, instructional, functional and security applications for government institutions and large global customers in the consumer packaging, healthcare & chemicals, consumer electronic device and automotive markets. Extruded & laminated plastic tubes, aluminum aerosols & specialty bottles, folded instructional leaflets, precision decorated & die cut components, electronic displays, polymer banknote substrate and other complementary products and services are sold in parallel to specific end-use markets. Avery is the world’s largest supplier of labels, specialty converted media and software solutions for short-run digital printing applications for businesses and consumers available alongside complementary products sold through distributors, mass-market stores and e-commerce retailers. Checkpoint is a leading developer of RF and RFID based technology systems for loss prevention and inventory management applications, including labeling and tagging solutions, for the retail and apparel industries worldwide. Innovia is a leading global producer of specialty, high performance, multi-layer, surface engineered films for label, packaging and security applications. The Company is partly backward integrated into materials science with capabilities in polymer extrusion, adhesive development, coating & lamination, surface engineering and metallurgy; deployed as needed across the four business segments.