DS Smith, a leading sustainable packaging company, has announced a new partnership with World Kinect Energy Services to manage energy consumption across its European operations. The partnership will ensure DS Smith has full scope of its energy consumption at its Recycling, Paper Making and Packaging sites across 26 European countries.
World Kinect Energy Services will support the company’s long-term goal to reduce carbon emissions by 30% by 2030, backing its Sustainability Strategy Now and Next.
The partnership will provide DS Smith with tactical solutions to energy purchasing and usage, increasing efficiencies and reducing waste in production, focused largely on the 14 Paper Mills across Europe.
Established in the 1940s, DS Smith operates across 34 countries and employs over 30,000 people and is Europe’s largest cardboard and paper recycler, managing 6 million tonnes per year, producing nearly 5 million tonnes of paper and providing customer-specific sustainable packaging worldwide
Adding value to DS Smith’s existing energy portfolio, World Kinect Energy Services will support the company to mitigate risks and maximize its energy data, through price risk management services, including market intelligence, regulatory reporting, budgeting, budget variance analysis, bill validation and cost and consumption reporting.
A leader in energy management, fuel supply, and sustainability, World Kinect Energy Services secured the contract after a competitive pitch against leading energy management specialists and will manage DS Smith’s total annual energy consumption across multiple sites in Europe.
In the past year, DS Smith has hit a number of sustainability milestones including an 11% reduction in emissions in 2019 compared to 2015 on a like-for-like basis. The partnership with World Kinect Energy Services will drive this momentum, ensuring significant progress is made against key sustainability targets.
Gerald Maunz, Procurement Director - Head of Energy at DS Smith, said: “As a global business with sustainability as the foundation of our overall business strategy, being able to manage energy consumption efficiently across all our sites is fundamental. We were impressed with the professionalism, price risk management skills and reporting capabilities that the energy experts and portfolio management team at World Kinect Energy Services demonstrated.
World Kinect Energy Services provides local market energy solutions and expertise backed by a global perspective and capability, sophisticated data analysis, and local regulatory knowledge. Its certified team of more than 5,000 industry experts and dedicated account managers across the globe provide trusted energy advice to help customers acquire the energy they need, reduce their carbon footprint, and protect their budgets.
Commenting on the three-year contract, Terry Cogan, vice president, World Kinect Energy Services, said: “All our customers have differing requirements, whether it’s specific financial or reporting processes, or sustainability and carbon reduction targets and it is our priority to ensure those needs are met.
“We are looking forward to working with the team at DS Smith over the next three years to help them maximize their energy data and exploit it to manage and minimize risks in what is a complex and volatile market.”
Issued on behalf of World Kinect Energy Services by Faith PR. Email [email protected] or call +44 1484 599886 for further information.
Notes to Editors:
About World Kinect Energy Services
World Kinect Energy Services is a trusted global leader in energy management, fuel supply, and sustainability. It helps clients buy better and buy smarter energy through the delivery of trusted energy advice and solutions, sustainability services and data management.
- Energy Management
- Supply & Trade
With more than 5,000 industry experts and dedicated account managers based in North America, Europe, and Asia, it manages over 200 TWh of power and gas.
Find out more about our services here www.world-kinect.com
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About DS Smith:
DS Smith is a leading provider of 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 34 countries employing around 30,000 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.