SMURFIT Kappa Group has announced it is one of the first companies to adopt the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD).
The business was confirmed in the first cohort of early adopters by the TNFD during the annual meeting of the World Economic Forum in Davos.
Smurfit Kappa will adopt TNFD-aligned disclosures together with its financial results in 2025. This builds on the existing nature-related reporting that the firm communicates each year through its third party assured Sustainable Development Report, which includes time bound nature-related targets linked to both management incentives and the group’s cost of funding.
The 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 said it is demonstrating its dedication to preserving nature, enhancing biodiversity, and maintaining the highest standards of sustainability.
Tony Smurfit, group CEO at Smurfit Kappa, said, “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.”
