DUBLIN (News release) -- Smurfit Kappa recently published its second annual Green Bond Allocation and Impact Report which provides details on the use of proceeds of its inaugural €1 billion dual-tranche Green Bond issued in September 2021.

Green Finance Framework
Smurfit Kappa's Green Finance Framework is reflective of the sustainable nature of its business model, with eligibility criteria that span the geographic scope of the Group's operations and take into account its strong circular business practices.

In accordance with Smurfit Kappa's Green Finance Framework, the proceeds of the Green Bond were allocated to assets associated with the following categories:

Circular economy adapted products, production technologies and processes and/or certified eco-efficient projects (96%) contributing to:
*6.8m tonnes of primarily post-consumer waste recycled in 2022
*76% recycled fibres in global production
*100% recycled fibres from certified FSC, PEFC or SFI sustainable sources
*4% reduction in waste sent to landfill versus 2020
*8% reduction in water intake versus 2020

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