DS Smith has increased its ranking to AA from A through the MSCI ACWI Index, further demonstrating its commitment to ESG and the circular economy.
The Index noted DS Smith’s product strategy sustainability focus and, aligned with industry best practices, its proactive steps to sustainably manage its waste through new technology and innovations. This provides it with a competitive advantage with eco-conscious consumers.
Meanwhile, the company’s strong business ethics practices means it outperforms global and home market peers in corporate governance. DS Smith also reports strong policies and practices to mitigate greenhouse gas (GHG) emissions, including investing in low-carbon technologies and increasing the carbon efficiency of facilities and products.
The MSCI ACWI Index takes the information in its reporting process and scores companies based on their journey through disclosure and towards environmental leadership, grading businesses from ‘AAA’ to ’CCC’.
Wouter van Tol, Head of Sustainability, Community and Government Affairs commented, “The MSCI is an important benchmark and our recent upgrade to ‘AA’ demonstrates our marked improvement across a range of critical areas of ESG, including recognition of our inherently circular business model and industry leading performance in governance. While we are demonstrating real leadership within the Containers & Packaging segment, our new Sustainability Strategy provides the foundation for continued investment and improvement in key areas including carbon reduction and water efficiency.”