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DS Smith accelerates carbon reduction investment plans
Packaging manufacturer DS Smith has announced a commitment to align its global operations to a 1.5°C scenario, as set out in the Paris Agreement. The roadmap to 1.5°C has been submitted for verification by the Science Based Targets initiative (SBTi) – an initiative that engages and supports companies in defining how much and how quickly they need to reduce their greenhouse gas emissions.
To achieve this, DS Smith is accelerating the reduction of carbon emissions for its own operations, as well as those of its partners and suppliers, by committing to reducing its scope 1, 2 and 3 emissions by 46% on an absolute basis by 2030, compared to 2019 levels. These targets will keep DS Smith, which is a member of the UN’s Race to Zero initiative, in line with its prior commitment to reach net zero carbon emissions by 2050.
To deliver on this commitment, DS Smith says it will invest consistently over the next 28 years in its own operations. Investment will be made into the adoption of next-generation engineering solutions, such as biomethane boiler technology. The company will also harness self-generated renewable energy sources, such as wind and solar, and power purchasing agreements to replace grid electricity.
DS Smith is accelerating its carbon reduction plans, backed by a long term investment commitment / Picture: DS Smith
Miles Roberts, group chief executive at DS Smith, said: “Today’s announcement demonstrates our ambition in reducing carbon as part of our long term sustainability focus. This commitment not only ensures our business is leading the way in reducing our carbon footprint, but also guarantees we are challenging our suppliers and partners to do the same.
“Our business has ambitious growth plans over the coming years as we lead the transition to a circular economy and these commitments are a crucial part of our Now and Next sustainability strategy which will see us create a positive impact for people and the planet both now and in the future.”
DS Smith says it will engage with all its strategic suppliers to encourage them to adopt science-based targets by 2027. This follows feedback from stakeholders, who are seeking to work with like-minded businesses committed to Science Based Targets and net zero, alongside a commitment to the circular economy.