Mondi has created a fully recyclable packaging solution for Warmhaus, a Turkish producer of radiators and boilers for home heating. The new Monocorr Box is made of 100% recyclable corrugated board, including the inserts that cushion the packaged products. The previous Warmhaus packaging used expanded polystyrene (EPS) foam inserts, which have low recycling rates throughout Europe and generally end up in landfill or incineration facilities after disposal. Warmhaus was looking for an environmentally responsible packaging solution that would help to meet their own sustainability goals as well as the requirements of domestic and export customers. Monocorr Box is easily recyclable in Turkey and supports Warmhaus’s exports to the European Union, where some retailers are beginning to switch to EPS-free packaging, even for larger durables. Producers may also have to consider Extended Producer Responsibility (EPR) fees for EPS material in the future.
Smurfit Kappa recently published its second annual Green Bond Allocation and Impact Report which provides details on the use of proceeds of its inaugural €1 billion dual-tranche Green Bond issued in September 2021.
Green Finance Framework
Smurfit Kappa’s Green Finance Framework is reflective of the sustainable nature of its business model, with eligibility criteria that span the geographic scope of the Group’s operations and take into account its strong circular business practices.
In accordance with Smurfit Kappa’s Green Finance Framework, the proceeds of the Green Bond were allocated to assets associated with the following categories:
Circular economy adapted products, production technologies and processes and/or certified eco-efficient projects (96%) contributing to:
*6.8m tonnes of primarily post-consumer waste recycled in 2022
*76% recycled fibres in global production
*100% recycled fibres from certified FSC, PEFC or SFI sustainable sources
*4% reduction in waste sent to landfill versus 2020
*8% reduction in water intake versus 2020
more at: https://www.smurfitkappa.com/newsroom/2023/smurfit-kappa-launches-its-second-green-bond-report