SMURFIT KAPPA: Statement re 2020 Sustainable Development Report Smurfit Kappa accelerates CO2 emissions reduction in 2020
05 Mayo 2021 - 01:11AM
UK Regulatory
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Smurfit Kappa continues to make significant and tangible
progress on achieving its sustainability targets according to its
14th Sustainable Development Report ("SDR"). It highlights the
company's long-standing objective to be an impactful business that
drives change and nurtures a greener planet through the three key
pillars of Planet, People, and Impactful Business. Furthermore,
Smurfit Kappa's end-to-end approach to sustainability is evident in
its innovative products and processes that support customers and
positively impact the entire value chain.
Compared with 2019, Smurfit Kappa made significant progress in
reducing its fossil CO2 emission intensity. 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 37.3% by the end of 2020. The
reduction in 2020 versus 2019 was 7% which is an acceleration
compared with the previous year. The Group is well on its way to
reach its intermediate 2030 target of 55% reduction, in line with
the EU Green Deal objectives.
Compared with 2019, the Group also made continued progress
during 2020 on a number of its other key sustainability
targets:
-- Water discharge quality improved by 5%
-- Waste to landfill intensity decreased by 18%
-- Chain of Custody certified packaging deliveries to customers increased by
2%
-- Safety performance improved by 29%
-- Social projects received EUR7.7 million in donations, including EUR3
million in various COVID-related projects during the financial year.
Tony Smurfit, Group CEO, said: "During the pandemic, the
importance of sustainability has become even clearer. Climate
change, has become, in the eyes of many, a climate crisis, and
diversity, inclusion and equality are urgent issues for global
society. Circular economy and sustainable forestry management are
at the heart of our business principles, and directly addresses
legitimate concerns of our customers and indeed of the broader
public. With a focus on sustainability, and by collaborating with
our value chain partners, we can create greater social, economic
and environmental value."
While the SDR has been independently assured since 2009, the
2020 SDR is the company's first to report in line with
recommendations of the Taskforce for Climate related Financial
Disclosures(1) and the Sustainable Accounting Standards Board(2)
criteria.
Smurfit Kappa also aligned its sustainability ambitions and
targets into its financing by embedding its sustainability targets
via Key Performance Indicators into its existing EUR1.35 billion
Revolving Credit Facility ("RCF"), creating a Sustainability Linked
RCF, at the end of 2020.
Smurfit Kappa has been contributing to making the UN 2030
Sustainable Development Goals (SDGs) a reality since 2015. This
contribution was recognised by the Support the Goals movement in
2020 when the company became the first FTSE 100 company to receive
a five-star rating.
Steven Stoffer, Group VP of Sustainable Development at Smurfit
Kappa, said: "This five-star rating from Support the Goals, our
continued listing on the FTSE4Good, Euronext Vigeo Europe 120 and
others, and the recent upgrading by ISS ESG to the highest rating
in the environmental category, is testament to the commitment of
everyone in our company and our end-to-end approach to
sustainability."
By committing to these sustainability targets, the company's
Better Planet Packaging portfolio of sustainable products will
continue to help its customers to deliver on their own short- and
long-term sustainability goals. The company recently showcased
these innovative solutions to over 2,700 attendees at its Better
Planet Packaging 2021 virtual event.
To read more about Smurfit Kappa's sustainability targets and
achievements, a summary of the Sustainable Development Report can
be found here, with the full version available to download
here.
ENDS
Note to Editor:
1. The Financial Stability Board created the Task Force on Climate-related
Financial Disclosures (TCFD) to improve and increase reporting of
climate-related financial information. The TCFD is committed to market
transparency and stability. (Source: https://www.fsb-tcfd.org/ )
2. The Sustainability Accounting Standards Board (SASB) is an independent
nonprofit organisation that sets standards to guide the disclosure of
financially material sustainability information by companies to their
investors. SASB Standards identify the subset of environmental, social,
and governance (ESG) issues most relevant to financial performance in
each of 77 industries. (Source: https://www.sasb.org/)
Media contact:
Nicki Labram
Smurfit Kappa
T: +353 87 164 4672
E: nicki.labram@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 46,000 employees in over 350 production sites across
35 countries and with revenue of EUR8.5 billion in 2020. We are
located in 23 countries in Europe, and 12 in the Americas. We are
the only large-scale pan-regional player in Latin America.
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.
Our products, which are 100% renewable and produced sustainably,
improve the environmental footprint of our customers.
Follow us on LinkedIn, Twitter, Facebook, YouTube.
smurfitkappa.com
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CONTACT:
Smurfit Kappa Group PLC
SOURCE: Smurfit Kappa Group PLC
Copyright Business Wire 2021
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May 05, 2021 02:11 ET (06:11 GMT)
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