Our journey to net zero
Our Ambition, Strategy and Accountability
Smurfit Westrock is working towards a net zero future, addressing demand-side reductions and supply-side efficiencies, and working with our suppliers to reduce Scope 3 emissions.
The strength of our approach is demonstrated through the company's history of GHG reduction, continued action today together with a Scope 1 and 2 emissions target aligned with the Paris Agreement.
The strength of Smurfit Westrock's global footprint allows for the sharing of best practice across regions and to learn from the experiences at operational levels as we explore new and evolving solutions to deliver on our 2030 targets and beyond.
Smurfit Westrock is working towards a net zero future, and while we believe we can play an important role, we also believe that delivering on a net zero future will rely on new and evolving technologies as well as supportive regulation.
- Short-term: Acting now, using latest technology in key processes (where feasible), together with ongoing improvement and renewable electricity procurement. Scope 1 and 2 focus on continuously improving our operations through the implementation of best practices such as: pipe insulation, LED lights, process monitoring, data use, reuse of residual steam, biogas usage from water treatment plants, and energy efficiency enhancements. Scope 3: Collaborative work with customer and engagement with our suppliers.
- Medium-term: Strategic investment projects to replace high emitting assets, progressive improvement, leveraging best available technology in key processes (where feasible), and fostering collaboration across the value chain. Scope 1 and 2 include a focus on controlled trialing of new/emerging technology and feasibility of large scale implementation. Scope 3, continued focus on innovation and collaboration with our suppliers and customers to offer right-weighted, fit-for-purpose packaging solutions that minimize inefficiency and waste.
- Long-term: Through collaborative projects and partnerships, executing controlled trials of new and emerging technology to understand the feasibility and cost of implementation beyond 2030.
These plans are expected to be financed by a combination of operational and capital expenditures and supported by the Company’s Green Finance Framework.
