| Invested through |
|
|---|---|
| Asset Classes | Listed equity & Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| Bloomberg ticker | SW US |
| ISIN code | IE00028FXN24, XS2388182573 |
| Industry group | Materials |
| Aligned with SDGs |
Formed in 2024 through the merger of Ireland-based Smurfit Kappa and US-based WestRock, Smurfit WestRock is one of the world’s largest providers of sustainable, fiber-based paper and packaging solutions. The company manufactures and supplies a broad portfolio of products including containerboard, corrugated containers, solid board, paper bags, folding cartons, and other specialty paper-based packaging for consumer, industrial, and retail applications.
Smurfit WestRock serves thousands of customers across the globe, supporting sectors such as food & beverage, e-commerce, consumer goods, and industrial products. The company’s integrated operations include sourcing recycled and virgin fiber, manufacturing paper and packaging products, and providing design, logistics, and recycling services to help clients transition to circular, low-carbon packaging solutions. The company is committed to sustainability and innovation, aiming to reduce environmental impact and promote responsible forestry and recycling practices throughout its supply chain.
Investment rationale
Recycling is at the heart of the business model of Smurfit WestRock; 75% of the raw material used consist of recycled fibres. All paper-based packaging the company produces is recyclable and through its products the company facilitates the shift from plastic to more environmental friendly paper based packaging.
Through the use of recycled material, it also helps to improve the environmental footprint of its customers. The company's Better Planet Packaging initiative explores and re-imagines packaging for a sustainable world. This initiative is mostly focused on replacing plastics for more sustainable paper packaging.
Smurfit WestRock also promotes sustainable forest management in the owned forests as well as throughout the supply chain and demand deliveries has to be certified by internationally accepted forest management standards such as FSC.
Alignment with Triodos Transitions:
In total, 57% of the company's revenues is aligned with the Resource transition. The contribution to the Resource transition comes from 37% of revenues related to the impact objective Circular Economy and 20% of revenues related to Sustainable Agriculture & Forestry.
Green bond XS2388182573 finances expenditures or assets that contribute to circular paper-based packaging products or certified sustainable forests and procurement.
In total, 100% of the bond's proceeds is aligned with the Resource Transition. The contribution to the Resource Transition comes from 96% of proceeds allocated to the impact objective Sustainable Agriculture & Forestry, and 4% of proceeds allocated to Climate Change Mitigation.