SMURFIT KAPPA: Statement re SBTi approval for carbon reduction targets
13 Enero 2022 - 01:00AM
UK Regulatory
TIDMSKG TIDMSK3
Smurfit Kappa receives SBTi approval for carbon reduction
targets
Smurfit Kappa Group plc ('Smurfit Kappa' or 'the Group') has had
its emissions reduction targets approved by the Science Based
Targets initiative (SBTi) as consistent with levels required to
meet the goals of the Paris Agreement. The targets covering
greenhouse gas emissions from Smurfit Kappa's operations (scopes 1
and 2) are consistent with reductions required to keep global
warming to well-below 2degC.
The SBTi is a collaboration between CDP, the United Nations
Global Compact, World Resources Institute (WRI) and the World Wide
Fund for Nature (WWF) which defines and promotes best practice in
science-based target setting and independently assesses companies'
targets.
The initiative mobilises companies to set science-based targets
in the transition to a low-carbon economy. Emission reduction
targets are considered 'science-based' when their CO(2) reduction
targets are in line with what the latest climate science says is
needed to meet the goals of the Paris Agreement.
SBTi approval is the latest validation of Smurfit Kappa's
leadership in sustainability in the paper-based packaging sector.
In 2020 the company was the first in the industry to announce its
target of at least Net Zero fossil emissions by 2050 and also
introduced ambitious new sustainability targets under its Better
Planet 2050 initiative. Smurfit Kappa was also the first FTSE 100
company to receive 5 stars from "Support the Goals" in recognition
of its support of the United Nations' Sustainable Development
Goals, building on the company's leading performance across third
party rating companies such as MSCI, ISS ESG and
Sustainalytics.
Tony Smurfit, Group CEO, said: "The SBTi validation builds on
our well-established sustainability credentials and is an extremely
positive development for Smurfit Kappa and all our stakeholders.
The world must move to circular business activities with low carbon
emissions. SBTi is further evidence of our ability to deliver on
this goal, and for our customers, through our increasingly
sustainable operating footprint and packaging solutions.
"Sustainability is at the heart of all our operations, and we
have a long-term commitment to protect the planet, its people and
all our stakeholders."
Garrett Quinn, Chief Sustainability Officer at Smurfit Kappa,
added: "In Smurfit Kappa we focus on long-term ambition coupled
with action and delivery today. The strength of our continued
delivery across our sustainability metrics has been further
underlined by SBTi's approval.
"Since starting our corporate sustainability reporting journey
over 15 years ago, we have been collaborating with like-minded
organisations to tackle critical issues such as climate change,
waste reduction and water scarcity.
"SBTi approval provides us with a solid foundation to build
towards our Better Planet 2050 targets and plays an increasingly
important part in the delivery of our customers' sustainability
goals.
Smurfit Kappa is a leader in the circular economy providing
sustainable, renewable, recyclable, and biodegradable paper-based
packaging solutions for over 65,000 customers.
ENDS
Contact for media:
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 46,000 employees in over 350 production sites across
36 countries and with revenue of EUR8.5 billion in 2020. 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 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
www.smurfitkappa.com
About the Science Based Targets initiative
The Science Based Targets initiative (SBTi) is a collaboration
between CDP, World Resources Institute (WRI), the World Wide Fund
for Nature (WWF), and the United Nations Global Compact (UNGC).
The SBTi champions science-based target setting as a powerful
way of boosting companies' competitive advantage in the transition
to the low-carbon economy. Offering a range of target-setting
resources and guidance, the SBTi independently assesses and
approves companies' targets in line with its strict criteria.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20220112005838/en/
CONTACT:
Smurfit Kappa Group PLC
SOURCE: Smurfit Kappa Group PLC
Copyright Business Wire 2022
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