Smurfit Kappa ranked first in the paper packaging industry by Morningstar Sustainalytics.
Feb 05, 2024
Smurfit Kappa has been recognized as a leading ESG performer for the third year by the research and analytics firm Morningstar Sustainalytics, achieving both Industry and Regional Top-Rated status.
The company has once again been classified as “Low Risk” with a score of 10.7, placing it first against its paper packaging industry peers, and one of the top-ranked companies evaluated by Sustainalytics in Europe. Smurfit Kappa’s ESG risk rating continues to improve year-on-year signaling it manages material ESG issues well.
Watch: Top Paper Companies 2023
Morningstar Sustainalytics, one of the leading ESG rating companies in the world, assessed over 14,000 companies worldwide across 42 industries. Smurfit Kappa’s ESG Risk Rating was appraised based on multiple criteria, including financial strength, circular business practices, and business ethics.
Mr. Garrett Quinn, Chief Sustainability Officer at Smurfit Kappa, commented on the latest ratings: “We are pleased to receive continued strong ESG Ratings from leading third-party providers, in this instance, from Morningstar Sustainalytics. The year-on-year improvement reflects our ongoing dedication to delivering best-in-class ESG performance for all our stakeholders.”
Also Read: Metsä Group Plans to Invest EUR 100 Million in its Tissue Paper Mill at Mänttä, Finland
Smurfit Kappa is a leader in the circular economy providing renewable, recyclable, and biodegradable paper-based packaging solutions to over 65,000 customers worldwide.
