DS Smith Targets 30% Reduction of Carbon Emissions by 2030 in Partnership with World Kinect Energy Services

DS Smith, the FTSE 100 leading provider of sustainable packaging, has today announced a new partnership with World Kinect Energy Services to manage energy consumption for its Recycling, Paper and Packaging sites across 26 European countries.

World Kinect Energy Services will support the DS Smith’s long-term goal to reduce carbon emissions by 30% by 2030, in line with the reaffirmation of that target in the company’s newly launched Now and Next Sustainability Strategy. With a large focus on the company’s 14 European paper mills, the partnership will provide DS Smith with tactical solutions to energy purchasing and usage, increasing efficiencies and reducing waste in production.

Adding value to DS Smith’s existing energy portfolio, World Kinect Energy Services will 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. The partnership will continue to ensure a competitive strategy for total energy costs across all its European markets. 

In the past year, DS Smith has hit a number of sustainability milestones including an 11% reduction in emissions in 2019 compared to 2015 on a like-for-like basis. The partnership with World Kinect Energy Services will drive this momentum, ensuring significant progress is made against key sustainability targets.