Smurfit Kappa Group (‘SKG’, ‘the Group’) is one of the first companies to adopt the recommendations of the Taskforce on Nature-related Financial Disclosures. SKG was announced in the first cohort of Early Adopters by the TNFD during the Annual Meeting of the World Economic Forum in Davos on January 16th.
The Group will adopt TNFD-aligned disclosures together with its financial results in 2025. This announcement builds on the existing nature-related reporting that SKG communicates each year through its third party assured Sustainable Development Report, which includes time bound nature-related targets that are linked to both management incentives and the Group’s cost of funding.
The TNFD builds upon the work of the Task Force on Climate-related Financial Disclosures (‘TCFD’) which focuses on disclosures relating to climate change. In the case of the TNFD, the focus is on the role of nature. Its primary aim is to allow decision makers to incorporate nature related risks and opportunities into strategic planning. By integrating TNFD recommendations into reporting mechanisms, Smurfit Kappa is demonstrating its dedication to preserving nature, enhancing biodiversity, and maintaining the highest standards of sustainability across the Group.
Tony Smurfit, Group CEO at Smurfit Kappa, commented:
“We are delighted to announce our intention to become an early adopter of the TNFD which aligns with our ongoing commitment of supporting a greener, bluer planet. Our commitment is to do the right thing, as well as securing a resilient and sustainable future for our business, our people, and our planet.”
For more information about Smurfit Kappa’s sustainability reporting and initiatives, please visit https://www.smurfitkappa.com/sustainability
About Smurfit Kappa
Smurfit Kappa, a FTSE 100 company, is one of the leading providers of paper-based packaging solutions in the world, with more than 47,000 employees in over 350 production sites across 36 countries and with revenue of €12.8 billion in 2022. We are located in 22 countries in Europe, 13 in the Americas, and one in Africa. We are the only large-scale pan-regional player in Latin America. Our products, which are 100% renewable and produced sustainably, improve the environmental footprint of our customers.
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-based 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.
We have a proud tradition of supporting social, environmental and community initiatives in the countries where we operate. Through these projects we support the UN Sustainable Development Goals, focusing on where we believe we have the greatest impact.
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