Thursday 22 October 2020

Packaging business DS Smith targets 30% carbon reduction by 2030

UK-based packaging solutions provider DS Smith has set a target to reduce its carbon emissions by 30% by 2030.

It has announced a new partnership with World Kinect Energy Services to manage its energy consumption for its recycling, paper and packaging sites across 26 countries in Europe.

With a larger focus on DS Smith's 14 European paper mills, the partnership will provide the company with tactical solutions to energy purchasing and usage, increasing efficiencies and reducing waste in the production process.

World Kinect Energy Services will also support the company to mitigate risks and maximise its energy data through price risk management services, including market intelligence, regulatory reporting and cost and consumption reporting.

Gerald Maunz, Procurement Director for Energy at DS Smith said: “As a global business with sustainability as the foundation of our overall business strategy, being able to manage energy consumption efficiently across all our sites is fundamental.

“We were impressed with the professionalism, price risk management skills and reporting capabilities that the energy experts and portfolio management team at World Kinect Energy Services demonstrated.”

DS Smith adds it hit a number of sustainable milestones last year, including reducing its emissions by 11% compared to 2015.

Terry Cogan, Vice President at World Kinect Energy Services said: “All our customers have differing requirements, whether it’s specific financial or reporting processes, or sustainability and carbon reduction targets and it is our priority to ensure those needs are met.

“We are looking forward to working with the team at DS Smith over the next three years to help them maximise their energy data and exploit it to manage and minimize risks in what is a complex and volatile market.”