Smurfit Kappa has once again been recognised by the FTSE4Good Index for its commitment to sustainability. The packaging leader’s strong Environmental, Social and Governance (ESG) practices have secured its place on the list for the sixth year in a row.
Created by the global index provider FTSE Russell, the FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
In order to be eligible for the listing, Smurfit Kappa was assessed on a rigorous set of FTSE4Good criteria which are aligned with the UN Sustainable Development Goals.
In May this year Smurfit Kappa released its 2018 Sustainable Development Report. The report, which sets out Smurfit Kappa’s ambitious new sustainability goals for 2025 and beyond, provides a thorough look at the company’s ESG performance in five strategic areas of focus: Climate Change, Forest, Water, Waste and People.
The latest report provides a very positive update on Smurfit Kappa’s progress on its journey to becoming a fully sustainable and circular business. This goal is supported by the company’s Better Planet Packaging initiative which seeks to reduce global packaging waste through innovative packaging design and recycling.
The report also demonstrated Smurfit Kappa’s success in reducing its impact on climate change, announcing a relative reduction of 29% in fossil CO2 emissions compared to its baseline year of 2005.
Steven Stoffer, Group VP Development at Smurfit Kappa, said: “We are delighted to have been listed on the FTSE4Good Index once again. At Smurfit Kappa, we believe in taking a sustainable approach to every aspect of our business.
“More and more investors and funds are using this index to make better informed investment decisions. Many of our customers also expect their business partners to have a genuine commitment to corporate social responsibility and this is something that we have a strong track record in.”
Smurfit Kappa is also listed on the Euronext Vigeo, Ethibel and STOXX Global ESG Leaders investor rating systems.