Total U.S. Packaging Papers & Specialty Packaging Shipments Essentially Flat in July 2023

“Eco-design is a business approach that requires investments and time in the long term,” explains the president of Solarenn, Christophe Rousse. A joint effort from three actors of the fruit and vegetable sector -the Solarenn cooperative, DS Smith as global supplier of sustainable packaging and ETpack mechanizer - has helped optimize tomato packaging throughout the supply chain. The common goal? Moving to more sustainable solutions and eliminating single-use plastic. They have therefore developed a 100% cardboard packaging which is eco-designed and innovative, allowing maximum flexibility and visibility of the product. The joint design was initiated in September 2020. This commitment fits the expectations of the French consumers, who are increasingly concerned about the environmental impact of their consumption and who are now questioning the food industry . For the past 2 years, there is indeed strong consumer’s pressure to eliminate single-use plastic. In 2021, Solarenn will have 7 different trays on the market that are 100% cardboard with zero-plastic.

*First quarter net earnings (loss) of $172 million ($0.49 per diluted share) *Building a Better IP initiatives delivered $65 million of incremental year-over-year earnings benefit in the first quarter 2023 *First quarter cash provided by operations of $345 million; First quarter free cash flow of $4 million included a $193 million final payment to the IRS for the timber monetization restructuring settlement *Returned $319 million to shareholders through $157 million share repurchases and $162 million in dividends in the first quarter 2023

Sonopress, a manufacturer of storage media that is part of Bertelsmann Marketing Services, has developed a revolutionary new form of vinyl LP that drastically reduces the environmental impact of the manufacturing process. The product is being launched in collaboration with Warner Music, a long-term client of Sonopress. This new vinyl is produced using recyclable polyethylene terephthalate (PET) as its base material, which can also be made from 100% recycled PET, rather than polyvinyl chloride (PVC). Pressing the discs requires neither natural gas nor steam, and a test operation saw energy savings of up to 85 percent compared to the traditional process. A first production line for the innovative LPs – dubbed Eco Record – was put into operation by Sonopress on Thursday at its plant in Gütersloh, Germany, following a series of tests last year.