DS Smith accelerates carbon reduction plans with 1.5°C temperature alignment commitment

Today we announce our ambitious commitment to align our global operations to a 1.5°C scenario as set out in the Paris Climate Agreement. The roadmap to 1.5°C has been submitted for verification by the Science Based Targets initiative (SBTi)*.

To achieve this, we are accelerating the reduction of carbon emissions for our own operations, as well as those of our partners and suppliers, by committing to reducing its Scope 1, 2 and 3 Green House Gas (GHG) emissions by 46% on an absolute basis by 2030, compared to 2019 levels. These targets will keep us, a member of the UN’s Race to Zero initiative, in line with its prior commitment to reach Net Zero** carbon emissions by 2050.

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.

— Miles Roberts, Group Chief Executive at DS Smith

Investing in the future

To deliver on this commitment, we will invest consistently over the next 28 years in our own operations. Investment will be made into the adoption of next generation engineering solutions, such as biomethane boiler technology. We will also harness self-generated renewable energy sources, such as wind and solar, and power purchasing agreements to replace grid electricity.

Working with our partners

We will also 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. As part of this approach, we will work closely with partners, suppliers, customers and policymakers to collectively tackle climate change through the circular economy in line with our ambitious goals.

Committing to Net Zero

Supporting the delivery of these commitments is an ambitious Net Zero transition plan which will set out the key strategic actions and milestones that will define our transition to Net Zero. The plan, which will be published this summer, is aligned with the our growth strategy and outlines the initiatives that will be undertaken, prioritising the greatest sources of GHG emissions***.

The Foundation’s report, Completing the Picture: How the Circular Economy Tackles Climate Change, shows that although the renewable energy transition is vital to tackling climate change, almost half of global GHG emissions come from the way we make and use products and food. We need a circular economy — one designed to eliminate waste, circulate products and materials, and regenerate nature, to tackle those emissions and achieve the targets set out in the Paris Agreement. Today’s announcement shows that our Strategic Partner, DS Smith, is committed to ambitious action on both renewables and the circular economy.  — Andrew Morlet, CEO at the Ellen MacArthur Foundation