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Smurfitt Kappa announces new sustainability and diversity targets

The Irish group committed last year to achieve at least net zero CO2 emissions by 2050

Smurfit Kappa Group plc -

Smurfitt Kappa PLC (LON:SKG) has introduced a raft of new sustainability and diversity targets to bolster its ESG credentials.

The paper and board maker said the targets include new measures and a tightening of existing targets.

The Irish group committed last year to achieve at least net zero CO2 emissions by 2050 with the new measures announced today including a reduction in overall water intake and in waste going to landfill.

On diversity, Smurfitt is aiming for 30% female representation across the business, with at least 25% holding management positions by 2024, while an investment of €24mln will be made by 2025 to support community, environmental and social initiatives.

In a statement, Tony Smurfit, the FTSE 100-listed firm's chief executive, said, "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, “

Quick facts: Smurfit Kappa Group plc

Price: 3412 GBX

LSE:SKG
Market: LSE
Market Cap: £8.84 billion
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