Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSmurfit Kappa Regulatory News (SKG)

Share Price Information for Smurfit Kappa (SKG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3,474.00
Bid: 3,478.00
Ask: 3,482.00
Change: -16.00 (-0.46%)
Spread: 4.00 (0.115%)
Open: 3,540.00
High: 3,540.00
Low: 3,460.00
Prev. Close: 3,490.00
SKG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Statement re Sustainability Goals

15 May 2018 07:00

15th May 2018

Smurfit Kappa takes another stride forward in reaching sustainability goals

Smurfit Kappa has achieved a 26% reduction in CO2 emissions three years ahead of time, according to its annual Sustainable Development Report, which was published today.

The packaging leader had set an ambitious target to reduce the relative total fossil CO2 emissions in its mill system by 25%. In today’s report, the packaging leader confirmed that it had surpassed the target, which had a 2020 deadline, at the end of 2017.

While Smurfit Kappa’s paper-based packaging is renewable and recyclable, the paper production process itself is energy intensive. Reaching the climate change goal further reinforces the company’s ongoing commitment to reduce its carbon footprint by focusing on energy efficiency and the use of renewable sources of fuel such as biomass, where feasible.

Climate change is one of Smurfit Kappa’s five strategic areas of focus for sustainability along with Forest, Water, Waste and People. The 2017 Sustainable Development Report announces several other key achievements including reaching two other targets in 2017. The first was a reduction in the chemical oxygen demand in its water, also reached three years early, and the second was in the area of health and safety with a 9% reduction year-on-year in lost time accident frequency rate over the five year period of 2013-2017, exceeding the targeted decrease of 5% year-on-year for the same period. Smurfit Kappa continues to provide Chain of Custody certified deliveries to packaging customers across Europe and the Americas approaching the target level of 90% certification. This is unique to the packaging industry for a company of Smurfit Kappa’s size.

Other highlights include Smurfit Kappa's ranking in the top 1% of the EcoVadis Sustainability ratings and its listing on the FTSE4Good, Euronext Vigeo Europe 120, Ethibel and STOXX Global ESG Leaders investor rating systems.

Smurfit Kappa's commitment to investing in social and scientific projects to benefit the communities in which the company operates amounted to approximately €5 million with an emphasis on the area of childhood education.

Tony Smurfit, Group CEO said: "2017 was yet another year with a strong performance on sustainability metrics for Smurfit Kappa and I am confident this will continue into the future. In the next five years we plan to allocate significant capital to projects that will contribute further towards lowering our environmental footprint and we will continue to invest significant resources in the development, safety and wellbeing of our people.

“This report is also evidence of our industry-leading transparency and demonstrates how Smurfit Kappa is making progress in supporting the UN’s 2030 Sustainability Development Goals.”

Steven Stoffer, Group VP Development at Smurfit Kappa, added: “For Smurfit Kappa, sustainability is not only about mitigating climate change and reducing inefficiency. For packaging to be truly sustainable, it must be produced and designed in a sustainable fashion and be biodegradable within a relatively short time after multiple usages. This results in minimal impact on the planet.

“Paper-based packaging is uniquely positioned to do this, and we strongly support the growing concern and efforts to put an end to the increasing mass of non-biodegradable, primarily plastic packaging floating in our oceans. This is why we believe that paper is the future of packaging.”

Key findings from the 2017 report include:

Forest

All fibres sourced sustainably

Climate Change

Achieved 26.1% against a target reduction of relative CO2 emissions of 25%

Water

Achieved 37.5% against a target reduction of relative COD discharge of 1/3

Waste

Reduced waste sent to landfill intensity by 13.3% since 2013

People

Achieved 9% annual reduction of lost time accident frequency rate between 2013 – 2017.

Click here to read the 2017 Smurfit Kappa Sustainable Development Report.

ENDS

Contact for media:

Sinead GillSmurfit KappaT: +353 1 2027157E: 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 around 46,000 employees in approximately 370 production sites across 35 countries and with revenue of €8.6 billion in 2017. We are located in 22 countries in Europe, and 13 in the Americas. We are the only large-scale pan-regional player in Latin America.

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-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 Twitter at @smurfitkappa and on LinkedIn at ‘Smurfit Kappa’.

www.smurfitkappa.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20180514006431/en/

Copyright Business Wire 2018

Date   Source Headline
5th Feb 20211:50 pmRNSResults of EGM
26th Jan 20217:00 amRNSSmurfit Kappa Sets New Sustainability Targets
12th Jan 20216:03 pmRNSNotice of Extraordinary General Meeting
12th Jan 20217:00 amRNSNotice of Results
30th Nov 20202:11 pmRNSTotal Voting Rights
20th Nov 20206:10 pmRNSDirector/PDMR Shareholding
20th Nov 20206:00 pmRNSSmurfit Kappa Group
20th Nov 20207:00 amRNSResult of Placing
19th Nov 20204:35 pmRNSLaunch of Placing
9th Nov 202012:15 pmRNSSmurfit Kappa raises Climate Change ambition
6th Nov 20203:09 pmRNSBlock listing Interim Review
4th Nov 20207:00 amRNSTrading Statement
30th Oct 20202:45 pmRNSDirectorate Change
19th Oct 20207:00 amRNSNotice of Results
1st Sep 20207:00 amRNSTotal Voting Rights
26th Aug 20205:05 pmRNSHolding(s) in Company
29th Jul 20207:00 amBUSHalf-year Report
14th Jul 20205:22 pmRNSHolding(s) in Company
7th Jul 202011:53 amRNSNotice of Results
10th Jun 20209:54 amRNSDirector/PDMR Shareholding
9th Jun 20202:45 pmRNSHolding(s) in Company
26th May 20202:03 pmRNSHolding(s) in Company
20th May 20203:08 pmRNSHolding(s) in Company
19th May 20203:32 pmRNSHolding(s) in Company
11th May 20207:00 amRNSBlock listing Interim Review
5th May 20204:32 pmRNSHolding(s) in Company
1st May 202010:00 amRNSHolding(s) in Company
30th Apr 20204:12 pmRNSTotal Voting Rights
30th Apr 20203:59 pmRNSResult of AGM
27th Apr 20205:28 pmRNSHolding(s) in Company
27th Apr 20204:53 pmRNSDisclosure of Rights Attached to Equity Shares
22nd Apr 20209:03 amRNSAGM Update
17th Apr 20203:00 pmRNSDirector/PDMR Shareholding
17th Apr 202011:16 amRNSDirector/PDMR Shareholding
15th Apr 20207:00 amBUSTrading Statement
27th Mar 20204:19 pmRNSNotice of AGM
23rd Mar 20203:08 pmRNSAnnual Financial Report
18th Mar 20207:39 amRNSHolding(s) in Company
16th Mar 20203:53 pmRNSHolding(s) in Company
12th Mar 20204:41 pmRNSSecond Price Monitoring Extn
12th Mar 20204:35 pmRNSHolding(s) in Company
12th Mar 20204:35 pmRNSPrice Monitoring Extension
12th Mar 20208:16 amRNSHolding(s) in Company
10th Mar 20208:48 amRNSHolding(s) in Company
5th Mar 20204:25 pmRNSHolding(s) in Company
4th Mar 20204:46 pmRNSHolding(s) in Company
2nd Mar 20203:31 pmRNSHolding(s) in Company
2nd Mar 202012:14 pmRNSDirector/PDMR Shareholding
28th Feb 20205:19 pmRNSTotal Voting Rights
20th Feb 20202:38 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.