In the report, the company said: "The world is changing. Evolving consumer habits and new technologies are reshaping the way we buy and use both products and services. The growth of e-commerce, the fall of bricks and mortar, environmentally-conscious consumers and an ever-increasing population are redefining the supply cycle. Packaging must adapt to these global trends. From product design and innovation to materials sourcing, manufacturing operations, customers' supply cycles and end-of-life recycling, the company's commitment to sustainability is intricately analyzed."
In DS Smith's previous review, it was announced that, in light of achieving energy, water and waste targets well ahead of schedule, a full review of sustainability performance would be undertaken. Following this process, DS Smith has revealed nine new, ambitious, long-term targets, through which it aims to lead the way in sustainability.
Highlights from the review include improvements to the company's EcoVadis score (an industry-wide sustainability rating) and a new databook containing a detailed summary of sustainability performance. The continued success of its end-to-end recycling and paper-making operations is also referenced, with an 8.3% reduction in total CO2e across its Recycling division, as well as a 4.5% year-on-year increase in the volume of energy generated and exported at its paper mills (884 GWh).
DS Smith's commitment to tackling the global issue of coffee cup waste is also profiled, with the company's Recycling and Paper divisions working in close collaboration to identify a solution to recycle up to the 2.5 billion coffee cups used every year in the UK.
A further takeaway of the company's 2018 Sustainability Review is a commitment to manufacturing 100% reusable or recyclable packaging by 2025, alongside growing its net positive recycling position. The review does not solely focus on business operations and the environment. People and communities are a key focus of the sustainability strategy, with focus on a zero-accident culture and an ambition to engage all DS Smith sites in activities that improve their local communities.