Smurfit Kappa operates a circular business model which puts us at the heart of the circular economy. A deep understanding of the business environment enables us to increasingly integrate in the circular economy and drive sustainability in all areas of our value chain positively impacting Planet, People and Impactful Business.
Our Sustainable Finance approach further integrates the sustainability ambitions at the core of our business model into our funding strategy.
Revolving Credit Facility ("RCF")
In 2020, Smurfit Kappa incorporated five key ESG objectives into our financing through converting our €1.35 billion multi-bank RCF into a sustainability linked loan. The margin on our RCF is linked to the achievement of our five key performance indicators on Climate Change, Forest, Water, Waste and Health & Safety. All five targets need to be achieved in order to attain maximum margin benefit.