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RNS Number : 8141M
Smurfit Kappa Group PLC
26 January 2021
PRESS RELEASE
26 January 2021
Smurfit Kappa sets new sustainability targets with Better Planet
2050
Better Planet 2050 broadens the Group's commitment to
sustainability by introducing ambitious targets in new areas and
updating its existing set of sustainability targets
Smurfit Kappa has today announced ambitious new sustainability
targets in a number of different areas. The new targets focus on a
further reduction of its environmental footprint, increased support
for the communities in which it operates and further enhancement to
the lives of its employees. These targets build upon the company's
well-established sustainability record, on which it has been
reporting since 2005, and are contained in the Better Planet 2050
commitments.
Better Planet 2050 quantifies Smurfit Kappa's continued
commitment to sustainability, targeting environmental and social
sustainability in areas where it believes it can have the greatest
impact. These include delivering sustainable packaging to
customers, reducing its environmental footprint in water usage,
waste and carbon emissions and supporting its communities,
promoting inclusion and diversity as well as health and safety. The
targets identified are specific, measurable and provide a roadmap
to deliver results in the short, medium and longer timeframes.
Smurfit Kappa Group CEO, Tony Smurfit said: "Sustainability has
always been part of our DNA but concerns about how we treat our
planet, how we create a more inclusive world and support greater
equality across our communities has never been so important. More
needs to be done to address these global challenges. That is why we
are setting new, more ambitious short-term targets and longer-term
goals. Better Planet 2050 quantifies our commitment to protect what
we care about - our planet, our people and our business - through a
set of ambitious goals that will drive actions and behaviours that
will deliver better outcomes."
Smurfit Kappa is the undisputed industry leader in delivering
Chain of Custody certified sustainable packaging solutions to its
customers. The company will further increase its certified
deliveries to customers to 95%, up from its current 90% target.
Chain of Custody certified deliveries are essential in providing
transparency and traceability to customers who have trust and
confidence that our raw materials are sustainably sourced.
As a large processor rather than a large consumer of water, the
new target will see the company reduce its overall water intake. As
a manufacturer of products that are renewable, recyclable, recycled
and biodegradable, the company will continue to seek alternative
ways to reuse, recycle and recover waste material to reduce waste
to landfill. Last year, Smurfit Kappa set out its most ambitious
target to date when it announced a goal to achieve at least net
zero CO(2) emissions by 2050.
Demonstrating Smurfit Kappa's care for its people and support
for communities in which it operates, the company is targeting a
range of measures including a further annual reduction in its Total
Recordable Injury Rate (TRIR). Separately and in addition, its
stated ambition is to ensure female gender representation is above
30%. Finally, the company is also committing to donate over EUR24
million in the next five years to support community initiatives,
building upon the extensive volunteer and community work done
locally throughout the world.
Tony Smurfit continued, "We recognise that good social
citizenship, shown in our interactions with employees, business
partners and host communities, can improve lives. It is essential
to creating a sustainable future for all. "
By committing to these sustainability targets, the company's
Better Planet Packaging portfolio of sustainable products will
continue to be produced using less resource, less energy and create
less waste. In providing and developing innovative paper-based
packaging solutions, reducing its impact on the planet, Smurfit
Kappa can make a positive contribution to the world and help its
customers to deliver on their own short and long term
sustainability goals.
Finally, the company recently 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.
A summary of main sustainability targets are outlined below.
Strategic
Area Existing Target New Target Timeframe
CO(2) Emissions 40% reduction in 55% intensity reduction in By 2030
fossil CO(2) emissions fossil CO(2) emissions in our
in our global paper global paper and board mill
and board mill system
system
------------------------ ------------------------------------- -----------
New Reach at least net zero fossil By 2050
emissions
------------------------ ------------------------------------- -----------
Chain of >90% of deliveries >95% of deliveries to customers By 2025
Custody to customers are are Chain of Custody Certified
Chain of Custody
Certified
------------------------ ------------------------------------- -----------
Water Intake New At least 1% intensity reduction Annual
of water intake by our global
paper and board mill system
------------------------ ------------------------------------- -----------
Inclusion New Create a diverse workplace Ongoing
& Diversity and ensure that female gender
representation across the Group
is above 30%
------------------------ ------------------------------------- -----------
New 25% Females holding management Until 2024
positions across the Group
which is a 2% annual increase
for the next three years
------------------------ ------------------------------------- -----------
Community New[1] Between 2020-2025 we will donate By 2025
& Social over EUR24 million to support
Responsibility social, environmental and community
initiatives
------------------------ ------------------------------------- -----------
Strategic
Area Existing Target Current Status[2] Timeframe
Water Quality 60% intensity reduction 35% COD reduction achieved By 2025
of COD content to date
of water returned
to the environment
from our global
paper and board
mill system
------------------------ ----------------------------- ----------
Waste 30% intensity reduction 7% reduction achieved By 2025
in waste sent to
landfill by our
global paper and
board mill system
------------------------ ----------------------------- ----------
Health & Reduce Total Recordable Achieved reductions of well Annual
Safety Injury Rate by over 5% per year since 2017
at least 5% (starting year)
------------------------ ----------------------------- ----------
-S-
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 EUR9.0 billion in 2019. 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 pro-active 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-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 or visit
www.smurfitkappa.com.
[1] Smurfit Kappa has a well-established and proud tradition
supporting local social, environmental and community initiatives at
sites throughout the world. This new sustainability target captures
an ambition for a 20% increase on the level of donations over the
previous five year period.
[2] According to latest publicly available figures published in
Smurfit Kappa Sustainable Development Report 2019
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