Board Converting News, September 6, 2021

Smurfit Kappa To Invest (CONT’D FROM PAGE 1 )

cultural production for Mexico and has some of the largest producers of packaged food and beverages companies. “Our Culiacan plant has for a long time been a signif- icant employer in the region, and this will continue to be the case with this new investment, with a need for new operational and administrative roles, and the workforce at the plant expanding to over 300 employees, said Jorge Angel, CEO of Smurfit Kappa Mexico. Juan G. Castaneda, CEO of Smurfit Kappa The Amer- icas, said, “This investment will enable us to meet the in- creasing demand for innovative and sustainable packag- ing solutions not only in the region but also across Mexico. We have a strong customer base, including some of the largest agricultural producers and FMCG companies in Mexico, and continuously investing in our facilities is para- mount to providing the best possible service to customers and contributing to the growth of their businesses.” Cascades GHG Reduction Targets Approved By Science Based Initiative Kingsey Falls, Quebec, Canada based Cascades has an- nunced that the Science Based Targets initiative (SBTi) has approved its greenhouse gas (GHG) emission reduction targets. The targets submitted are in line with the meth- odology developed by the organization, which is a part- nership between the Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources In- stitute (WRI) and the World Wildlife Foundation (WWF). The SBTi drives ambitious climate action in the private sector by enabling companies to set science-based emissions re- duction targets. Cascades is joining the global movement of companies committed to climate action. In its fourth Sustainability Action Plan launched last June, Cascades announced that it is determined to: • Reduce its mills’ Scope 1 and 2 greenhouse gas emis- sions intensity by 38.7 percent (kg of CO2 eq. / metric tonne of saleable products); • Reduce Scope 1 and 2 absolute greenhouse gas emis- sions from other emissions sources, including its con- verting plants, by 27.5 percent (kg of CO2 eq.); • Reduce Scope 3 (supply chain) greenhouse gas emis- sions intensity by 22 percent (kg of CO2 eq./metric tonne of saleable products). “Even though we have already reduced the intensity of our emissions by 50 percent since 1990, we believe it is our responsibility to do even more,” said Mario Plourde, President and CEO of Cascades. “By aligning itself with the SBTi methodology, Cascades is committed to reducing the impact of its activities and offering products and solutions with a low-carbon footprint. The conclusions of the new report by the Intergovernmental Panel on Climate Change are clear: each organization must contribute to the global effort and dramatically reduce its GHG emissions.”

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September 6, 2021

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