(Credit: Pixabay)Sustainable packaging company DS Smith announced today a series of ambitious climate targets, including a science-based target to achieve a 40% reduction of CO2 emissions per ton of product by 2030, compared to 2019 levels, and a commitment to reach net-zero emissions by 2050.
These targets will be validated by the Science Based Targets initiative, in line with the goals of the Paris Agreement. To further underline the company’s ambition and commitment, DS Smith also announced its membership in the UN’s Race to Zero. To achieve these targets, it will further adopt a number of engineering solutions, including using local biomass and biogas, and renewable electricity like wind and solar.
Specifically, the company will focus on the following areas of business:
DS Smith has set a goal to manufacture 100% recyclable or reusable packaging by 2023. They will achieve this by:
By 2030, DS Smith has set a goal to reduce CO2 emissions against a 2015 baseline by 30% relative to production. The company hopes to achieve this by:
By 2025 DS Smith aims to take 1 billion pieces of problem plastics off supermarket shelves. The company will do this by:
In addition to its climate action commitment, DS Smith recently announced its $140 million R&D and innovation package to accelerate its work in the circular economy. The company's full sustainability program can be found here.