GlobalData offers a comprehensive analysis of Smurfit Kappa, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Smurfit Kappa’s ESG performance. GlobalData’s company profile on Smurfit Kappa offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Smurfit Kappa, a leading packaging company, aims to achieve net-zero emissions by 2050 in atleast its own operations, along with a 55% reduction in fossil fuel emissions intensity by 2030. With its sustainable packaging solutions, it intends to help the entire value chain as well achieve net zero emission goal by 2050. The company aims to achieve a 90% recycling rate for fiber-based packaging by 2030. In 2022, the company’s emissions reported Scope 1 was 2,541 ktonnes CO2, scope 2 were 508 ktonnes CO2.
In 2022, CO2 emissions were reduced by 43.9% since 2005, indicating progress towards the company's emission reduction targets. Smurfit Kappa's CO2 emission targets have been validated by the Science Based Targets initiative (SBTi) and the company's reporting is consistent with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). By 2030, the company plans a 37.7% intensity target reduction across scope 1 and 2 emissions against its SBTi baseline of 2019.
Smurfit Kappa has taken steps to reduce its emissions and achieve its net-zero targets. These steps include waste recovery, using renewable raw materials, recycling, and converting material into new products. The company also emphasizes the importance of certifications, such as forest certifications, to ensure sustainable practices. Smurfit Kappa has made investments in technologies and processes to reduce emissions and improve energy efficiency. The company's efforts in recycling have been recognized, as it won the Award for Sustainable Supplier of the Year 2022 for its pioneering recycling program.
In conclusion, Smurfit Kappa is committed to achieving net-zero emissions and has set specific targets for reducing its carbon and GHG emissions. The company has taken steps to reduce emissions through waste recovery, renewable materials, and recycling. Smurfit Kappa's efforts have resulted in a significant reduction in CO2 emissions. The company's commitment to sustainability and its innovative recycling program have been recognized by industry awards.