UPM Biofuels is developing a new feedstock concept by growing Brassica Carinata as a sequential crop in South America. The Carinata crop produces non-edible oil suitable for biofuels' feedstock and protein for animal feed. The sequential cropping concept enables contract farmers to take agricultural land into use outside the main cultivation period, in winter time, without compromising existing food production. This does not cause any land use change, prevents erosion and improves soil quality. Carinata will provide additional income to local farmers, who do not normally have their fields in productive use during winter. In South America UPM grows and tests Carinata with third-party farmers in Uruguay and Brazil. Biofuels produced from Carinata oil reduce greenhouse gas emissions by over 70% compared to fossil fuels. Click Read More below for additional detail.
Smurfit Kappa’s commitment to sustainability has been recognised once again by the FTSE4Good Index. The packaging leader was listed on the sustainability index for the fifth year in a row after distinguishing itself for its strong Environmental, Social and Governance (ESG) performance.
Created by the global index provider FTSE Russell, the FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
To qualify once again, Smurfit Kappa was assessed on a rigorous set of FTSE4Good criteria which are aligned with the UN Sustainable Development Goals.
Smurfit Kappa’s annual Sustainable Development Report provides a robust and transparent update on its ESG performance in five strategic areas of focus: Climate Change, Forest, Water, Waste and People.
In the 2017 report, which was launched earlier this year, the company announced several key sustainability achievements including meeting three targets relating to water, climate change and health and safety ahead of time. The report also revealed that Smurfit Kappa has invested approximately €5 million in social and scientific projects to benefit the communities in which it operates.
Steven Stoffer, Group VP Development at Smurfit Kappa, said: “We are delighted to have been listed on the FTSE4Good Index once again. At Smurfit Kappa, we believe in taking a sustainable approach to every aspect of our business.
“More and more investors and funds are using this index to make better informed investment decisions. Many of our customers also expect their business partners to have a genuine commitment to corporate social responsibility and this is something that we have a strong track record in.”
Smurfit Kappa is also listed on the Euronext Vigeo, Ethibel and STOXX Global ESG Leaders investor rating systems.