TIDMSKG TIDMSK3
PRESS RELEASE
20(th) April 2022
Smurfit Kappa reports significant progress in its Sustainability
goals
2021 Sustainable Development Report highlights reduction of over
40% in CO(2) emissions since 2005 and an improvement of over 6%
year-on-year
Smurfit Kappa continues to make significant progress on
achieving its sustainability goals according to its 15th
Sustainable Development Report (SDR). The report highlights the
company's progress towards its long-standing goal of driving change
and supporting a greener planet through the three main pillars of
Planet, People and Impactful Business. It shows that the company's
actions are delivering today, and together with its ongoing
investments and continuous improvement, it is well positioned to
deliver on its long-term ambition to have net zero emissions by
2050.
Smurfit Kappa made significant progress in reducing its fossil
CO(2) emission intensity in 2021. The Group is the first in its
industry to have announced targeting at least net zero emissions by
2050 and, compared to its baseline year 2005, it reduced its
emissions intensity by 41.3% by the end of 2021. The reduction in
2021 versus 2020 was 6%, another significant step towards its net
zero target.
During 2021, Smurfit Kappa delivered several landmark
achievements highlighting its continued leadership in
sustainability, such as:
-- In March, Smurfit Kappa became the first FTSE 100 company to be awarded 5
stars by "Support the Goals" in recognition of the Group's support of the
United Nations Sustainable Development Goals
-- In September, the Group launched its Green Finance Framework which was
accompanied by a very strong second party opinion with its product and
circular business model being reported as a "significant contributor" to
UN SDG 12 "Responsible consumption and production"
-- In September, Smurfit Kappa launched its inaugural green bond which was
over-subscribed multiple times and secured the lowest ever coupon for a
corporate issuer of its credit rating, along with strong participation
from "dark green" investors
-- In December, Smurfit Kappa had its emissions reduction targets validated
by the Science Based Target initiative (SBTi) as consistent with the
objectives of the Paris Agreement, and well below 2degC. This validation
is further evidence of its long-term ambition coupled with delivery
today.
Tony Smurfit, Group CEO, said: "This report highlights our
continued leadership in sustainability, and how it extends from our
products and manufacturing into the local communities in which we
operate. Our circular business model helps us to address many of
the challenges our stakeholders face. With continued focus on
sustainability and through close collaboration with our value chain
partners, Smurfit Kappa can deliver an even greater social,
economic and environmental impact."
Smurfit Kappa has published a significantly enhanced disclosure
consistent with the Task Force on Climate-Related Financial
Disclosures (TCFD) recommendations in its 2021 Annual Report,
including a comprehensive top-down identification and process
review of climate-related risks and opportunities and an evaluation
of the potential impact on Smurfit Kappa assets from physical and
transition risks under different climate scenarios.
Highlights from the 2021 SDR include:
-- Social projects received EUR4.9 million during 2021
-- Reduction of 41.3% in fossil fuel emission intensity since 2005, or 6%
year-on-year
-- SBTi approval of its emission reduction targets in line with the Paris
Agreement
-- Reduction in water consumption of 6.2% year-on-year
-- Decrease in waste to landfill intensity of 29.2% since 2013, or 7%
year-on-year
As a leader in packaging, Smurfit Kappa continues to invest in
sustainability to ensure continued delivery on its long-term goals.
One such example from 2021 was an investment of EUR11.5 million
into a multi-fuel boiler at Smurfit Kappa's Zülpich paper mill
which provides a more sustainable fuel source for generating steam
and electricity. The investment will remove 55,000 tonnes of CO(2)
emissions from 2022 onwards, delivering a 25% reduction of CO(2)
emissions at the mill.
Commenting on the release of the report, Garrett Quinn, Chief
Sustainability Officer at Smurfit Kappa, said: "Sustainability is
at the heart of all we do and how we think across our business. The
progress outlined in this report is testament to the dedication and
commitment of everyone in our company, our increasingly circular
business, the benefits of our investments and our end-to-end
approach to sustainability. In Smurfit Kappa we focus on long-term
ambition coupled with action and delivery today, which is evidenced
throughout the 2021 SDR."
Smurfit Kappa is a leader in the circular economy providing
sustainable, renewable, recyclable and biodegradable paper-based
packaging solutions for over 65,000 customers.
To read more about Smurfit Kappa's sustainability targets and
achievements, or to download a summary or the full version of the
Sustainable Development Report please visit Smurfit Kappa's
website.
-ENDS-
Media contact:
Sinead Gill
Smurfit Kappa
T: +353 87 117 3389
E: sinead.gill@smurfitkappa.com
About Smurfit Kappa
Smurfit Kappa, a FTSE 100 company, is one of the leading
providers of paper-based packaging solutions in the world, with
approximately 48,000 employees in over 350 production sites across
36 countries and with revenue of EUR10.1 billion in 2021. We are
located in 23 countries in Europe, and 13 in the Americas. We are
the only large-scale pan-regional player in Latin America. Our
products, which are 100% renewable and produced sustainably,
improve the environmental footprint of our customers.
With our proactive team, we relentlessly use our extensive
experience and expertise, supported by our scale, to open up
opportunities for our customers. We collaborate with
forward-thinking customers by sharing superior product knowledge,
market understanding and insights in packaging trends to ensure
business success in their markets. We have an unrivalled portfolio
of paper-based packaging solutions, which is constantly updated
with our market-leading innovations. This is enhanced through the
benefits of our integration, with optimal paper design, logistics,
timeliness of service, and our packaging plants sourcing most of
their raw materials from our own paper mills.
We have a proud tradition of supporting social, environmental
and community initiatives in the countries where we operate.
Through these projects we support the UN Sustainable Development
Goals, focusing on where we believe we have the greatest
impact.
Follow us on LinkedIn, Twitter, Facebook, YouTube.
smurfitkappa.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20220419005964/en/
CONTACT:
Smurfit Kappa Group PLC
SOURCE: Smurfit Kappa Group PLC
Copyright Business Wire 2022
(END) Dow Jones Newswires
April 20, 2022 02:00 ET (06:00 GMT)
Smurfit Kappa (LSE:SKG)
Historical Stock Chart
From Apr 2024 to May 2024
Smurfit Kappa (LSE:SKG)
Historical Stock Chart
From May 2023 to May 2024