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Press release from Business Wire

Sealed Air Highlights Its Commitment to Eliminate Food Waste on World Environmental Day

Wednesday, June 05, 2013

Sealed Air Highlights Its Commitment to Eliminate Food Waste on World Environmental Day

08:45 EDT Wednesday, June 05, 2013

ELMWOOD PARK, N.J. (Business Wire) -- Today, Sealed Air Corporation (NYSE: SEE) joins the efforts of World Environment Day (WED) to increase awareness and encourage action to eliminate food waste.

This annual, one-day awareness initiative is aimed at being the biggest and most widely celebrated global day for positive environmental action. With more than 1.3 billion tons of food waste each year1, this year's theme, Think.Eat.Save, focuses on an anti-food waste and food loss campaign that encourages reducing the foodprint throughout the world.

“There is a growing need to address the most pressing issues facing our food supply, including food safety, waste and access,” said Dr. Ronald Cotterman, vice president of Sustainability at Sealed Air Corporation. “With regard to food waste, we are more conscious of the impact our actions have on the environment yet our society throws away billions of tons of edible food each year that ends up in our landfills, releasing methane gas into the atmosphere.”

Consumers throw away nearly as much food as they eat, the results of which devastate our environment, communities and the economy. The food we waste translates into lost profits for farmers and producers plus higher prices for consumers and reduces food security for those who cannot afford enough to eat. In the U.S. alone, food waste consumes 300 million of barrels of oil each year, is responsible for one quarter of all freshwater consumption and represents an economic loss of $160 billion per year.

Nearly every step in the food production and consumption chain affords the opportunity for waste reduction. Through its SmartLifeTM initiative, Sealed Air has focused its R&D efforts on solutions that eliminate waste throughout the entire value chain.

  • Food Processors – Preventing contamination and production yield loss and ensuring food is distributed without damage or spoilage to retailers and restaurants.
  • Retailers – Reducing in-store prep losses, damage and product expiration prior to sale.
  • Foodservice – Providing meals and ingredients in portions to match varying customer demands and extending food quality life while minimizing product loss during storage.
  • At Home – Lessening waste by providing consumers more shelf life for perishable products, reducing spoilage or damage during storage and enabling food portioning that helps with meal planning.

“World Environment Day provides the platform to highlight our continued commitment and expertise across the supply chain to help our industry partners enhance their overall sustainability,” continued Dr. Cotterman. “Sealed Air continues its mission to provide sustainable solutions for some of today's biggest global issues to ultimately create a better way for life.”

To learn more about the ways Sealed Air is making strides to reduce food waste, or for more information on World Environment Day, visit www.sealedair.com or www.unep.org.

About Sealed Air

Sealed Air is a global leader in food safety and security, facility hygiene and product protection. With widely recognized and inventive brands such as Bubble Wrap® brand cushioning, Cryovac® brand food packaging solutions and DiverseyTM brand cleaning and hygiene solutions, Sealed Air offers efficient and sustainable solutions that create business value for customers, enhance the quality of life for consumers and provide a cleaner and healthier environment for future generations. Sealed Air generated revenue of approximately $7.6 billion in 2012, and has approximately 25,000 employees who serve customers in 175 countries. To learn more, visit www.sealedair.com.

Sealed Air SmartLife

SmartLife is our initiative to innovate solutions for several of today's biggest social and environmental global challenges while driving economic growth. It is designed to accelerate the progress our customers are making toward achieving their sustainability goals by providing solutions that fit their specific needs without sacrificing performance or cost competitiveness. We achieve this, in part, by incorporating life cycle thinking that results in a holistic approach for looking beyond the product and to consider the value chain where the product is part of a broader life cycle involving sourcing, distribution, use and even disposal.

Forward-Looking Statements

Company statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning our business, consolidated financial condition and results of operations. These statements include comments as to future events that may affect the Company, which are based upon management's current expectations and are subject to uncertainties, many of which are outside the Company's control. Forward-looking statements can be identified by such words as "anticipates," "expects," "believes," "plan," "could," "estimate," "will" and similar expressions. 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 may be revised and updated from time to time by our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. These reports are available on the Securities and Exchange Commission's website at www.sec.gov or our Investor Relations home page at http://ir.sealedair.com.

1“Food Waste.” UNEP.org. United Nations Environment Programme. 31 May 2013.

Sealed Air Corporation
Media:
Ken Aurichio, 201-791-7600
Ken.aurichio@sealedair.com

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