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January 26, 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 sets new sustainability targets with Better Planet  2050

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  CO2 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 €24 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 €1.35  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

CO2  

Emissions

40% reduction in fossil  CO2 emissions in our  global paper and board  mill system

55% intensity reduction in fossil CO2 emissions in our global paper and board  mill system

By 2030

New 

Reach at least net zero fossil emissions 

By 2050

Chain of  

Custody

>90% of deliveries to  customers are Chain of  Custody Certified

>95% of deliveries to customers are  Chain of Custody Certified 

By 2025

Water Intake 

New 

At least 1% intensity reduction of water  intake by our global paper and board mill  system

Annual

Inclusion &  

Diversity

New

Create a diverse workplace and ensure  that female gender representation across  the Group is above 30%

Ongoing

New

25% Females holding management  positions across the Group which is a 2%  annual increase for the next three years 

Until 2024

Community &  Social  

Responsibility

New1

Between 2020-2025 we will donate over  €24 million to support social,  

environmental and community initiatives 

By 2025


Strategic  

Area 

Existing Target 

Current Status2 

Timeframe

Water Quality

60% intensity reduction  of COD content of  

water returned to the  environment from our  global paper and board  mill system 

35% COD reduction achieved to date 

By 2025

Waste

30% intensity reduction  in waste sent to landfill  by our global paper and  board mill system

7% reduction achieved 

By 2025

Health &  

Safety

Reduce Total  

Recordable Injury Rate  by at least 5% 

Achieved reductions of well over 5% per  year since 2017 (starting year) 

Annual

Metal Test Magnet With Handle 18 lb N52 Grade Neodymium Rare Earth

Metal Test Magnet With Handle 18 lb N52 Grade Neodymium Rare Earth

Industrial Test Magnet 30 lb N52 Grade Neodymium Rare Earth With Handle

Industrial Test Magnet 30 lb N52 Grade Neodymium Rare Earth With Handle

Metal Test Magnet

Metal Test Magnet

Metal Test Magnet

Metal Test Magnet

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