Smurfit Kappa recognised by FTSE for its sustainability credentials
Smurfit Kappa Group plc is pleased to announce that it has been added to both the FTSE4Good Global Index and FTSE4Good Europe Index, effective from Monday, 22 September 2014.
The index inclusion recognises the consistent application of best in class standards of sustainability practices and corporate governance throughout the Group’s international operations, and follows closely the Group’s nomination for a number of sustainability awards in PPI’s 2014 Awards to be held in October 2014. The Group was nominated for eleven awards in total, including Bio Strategy of the Year, Environmental Strategy of the Year and two nominations in the field of Innovation in Sustainable Packaging.
The FTSE4Good Index Series measures the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. FTSE is a world leader in the creation and management of equity indexes that are used by investors for investment analysis, performance measurement, and asset location. A variety of mechanisms are employed to access the most up-to-date relevant data, including scrutiny of annual reports, research of company websites, written questionnaires and liaison with companies where appropriate.
Ian Curley, CFO of Smurfit Kappa commented on the Company’s addition to the Index Series, “We are delighted to be added to the FTSE4Good Index Series, and regard this as further evidence of our commitment to sustainability, social responsibility and good governance”.
Steven Stoffer, the Group VP for Sustainability added, “We will continue to actively promote a culture of sustainability across our organisation and tackle important environmental issues while opening opportunities with our customers through the provision of sustainable, innovative and value enhancing packaging solutions”.