SMURFIT Kappa has launched new targets to further reduce its fossil CO2 emissions, including a goal to reach at least net zero emissions by 2050.
The company has also increased its existing intermediate 2030 CO2 reduction target by 15 percentage points to 55%, in comparison to the 2005 baseline. These targets will be validated by the Science Based Target initiative as being in line with the objectives of the Paris Agreement.
Smurfit Kappa said the business has already achieved a reduction in CO2 emission intensity of 32.9% on its 2030 target of a 40% reduction. This is due to implementation of projects, such as the installation of a recovery boiler at the company’s Nettingsdorf Paper Mill in Austria.
Tony Smurfit, group CEO, said, “We are proud to support the EU Green Deal objectives to reach net zero emissions by 2050. We have made good progress on our existing targets and these new targets underline the organisation’s continued commitment to sustainability and to do better for the planet. Sustainability has been at the core of our business for decades, we want to lead from the front and raise the bar for the paper and packaging industry by setting such ambitious targets. This is a source of pride for all our customers and employees.”