Europe’s leading corrugated packaging company, Smurfit Kappa released its 16th annual Sustainable Development Report, reporting several landmark achievements to deliver on its long-term goal to have at least net zero emissions by 2050. The company achieved many feats highlighting its continued leadership in sustainability and the report also shows the measurable progress that Smurfit Kappa has delivered during 2022 against all its Better Planet 2050 sustainability targets.
March 29, 2023
Smurfit Kappa has reported several landmark achievements to deliver on its long-term goal to have at least net zero emissions by 2050, in its 16th annual Sustainable Development Report, covering January to December 2022. The comprehensive report highlighted the company’s progress through continued capital investment, ongoing operational improvement and collaboration with customers and other key stakeholders.
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The company achieved many feats highlighting its continued leadership in sustainability including becoming a world first in successfully trialing hydrogen in its Saillat paper mill in France, completion of a multi-fuel boiler in the Zülpich paper mill in Germany which reduced emissions at the mill by 25%, announcement of the Group’s largest decarbonisation project in Cali, Colombia involving an investment of almost €100 million and commencement of a district heating project in Austria to benefit 20,000 homes across 3 communities.
The report also shows the measurable progress that Smurfit Kappa has delivered during 2022 against all its Better Planet 2050 sustainability targets, which includes 43.9% reduction in CO2 emissions since 2005 and 4% in 2022 alone, reduction in water consumption by 2.1% in 2022, waste to landfill intensity decreased by 24% since 2013, packaging solutions sold as Chain of Custody, certified at 94.3%, management positions held by women stood at 23.5% at the end of 2022, up from 22% in 2021.
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The company has also witnessed additional recognition in its sustainability credentials in the past six months. Smurfit Kappa received two ‘Top Rated’ badges from Morningstar Sustainalytics, for both ‘regional’ and ‘industry’ out-performance. These improved ratings build on the improved CDP (a global disclosure system for investors) climate rating of A- achieved in 2022 and the category-leading MSCI AA rating.
