DS Smith

Paper Packaging
SMDS.L
GBX 249 0.36
Share price
$ 3.9 bn
Market Cap
$ 5.8 bn
Enterprise Value

Carbon footprint

482 Ton
GHG emissions per $ 1 mln investment
13x the weighted average for S&P 500
FY2022
How is this calculated?
-1%
YOY change in GHG emissions
Weaker than the +5% weighted average for S&P 500
FY2022 vs. previous year

Primary Climate Goal

-4.8%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2023
How is this calculated?

DS Smith aims to reduce all Scopes by 46% by 2031 from a base year 2020


This target has not been verified as science based according to SBTi
DS Smith's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

DS Smith's GHG emissions (market-based) (Kt of CO2e)
DS Smith's Carbon intensity (Tons per 1 USDm)

DS Smith's carbon footprint

DS Smith reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 March 2022 at 2,783 Kt (-28 /-1% y-o-y). Also positively, carbon intensity tumbled to 277 t (-102 /-26.9% y-o-y).

DS Smith's Scope 3 emissions plunged to 5,468 Kt (-94 /-1.7% y-o-y). This is a higher rate of decline than over the period since 1Q'20 (-1.2% CAGR).

The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -99 Kt per annum over the period of FY2023 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing all Scopes by 46% by 2031 from a base year 2020, which translates into the estimated reduction of -398 Kt per annum over the period of FY2023 - FY2031. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

DS Smith also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. DS Smith commits to reduce absolute scope 1, 2* and 3 GHG emissions 46.2% by FY2030 from a FY 2019 base year. DS Smith commits that 76% of its suppliers by emissions covering purchased goods and services will have science-based targets by FY2027. *The target boundary includes land-related emissions and removals from bioenergy feedstocks.

Company environmental metrics

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