DS Smith wins ‘Prime’ status in ISS ESG rating

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DS Smith wins ‘Prime’ status in ISS ESG rating

March 19, 2020 - 09:38

LONDON, March 19, 2020 (Press Release) -DS Smith, the leading provider of sustainable packaging solutions, has today announced it has received a ‘Prime’ status in ESG from the Institutional Shareholder Services (ISS).

The score is only awarded to companies with an ESG performance above the sector-specific threshold, meaning it has fulfilled ambitious and absolute sustainability performance requirements.

Considered one of the industry’s highest quality metrics, the ISS rating analyses a company’s management of ESG (environmental, social and governance) issues based on up to 100 rating criteria. The criteria are constantly reviewed and developed to align with the latest scientific findings, technological developments, regulatory changes and social debate.

The company most recently obtained a ranking in the top 20% of comparable competitors in the packaging industry. This achievement demonstrates its commitment to exceed industry performance in key sustainability areas, including the packaging life cycle and responsible sourcing.

Tom Giddings, Sustainability Reporting Manager at DS Smith said: “We’re very pleased to have received a ‘Prime’ rating in ESG from the ISS. One of our four strategic goals is to lead the way in sustainability and ratings such as these help us to not only evidence our strong performance, but also to identify areas in which we can improve.

“This latest rating reflects our continuing efforts to deliver our sustainability strategy and improve our performance, allowing us to continue making further, industry leading progress.”

Aside from providing sustainable packaging solutions, DS Smith is Europe’s largest recycler of paper and cardboard, handling more recycled material than it puts out on the market. It has most recently reinforced its commitment to put sustainability at the heart of its business practice by partnering with the Ellen MacArthur Foundation.

About DS Smith:

DS Smith is a leading provider of sustainable corrugated packaging, supported by recycling and papermaking operations. Headquartered in London and a member of the FTSE 100, DS Smith focuses on creating innovative sustainable packaging solutions in 37 countries employing around 31,000 people. Using the combined expertise of its divisions – Packaging, Recycling and Paper – DS Smith works with customers to deliver solutions that reduce complexity and deliver results throughout the supply chain. Its history can be traced back to the box-making businesses started in the 1940s by the Smith family.