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    SMDS   GB0008220112

DS SMITH PLC

(SMDS)
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Delayed London Stock Exchange  -  11:35 2022-12-06 am EST
308.90 GBX   +1.18%
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DS Smith : Schools Celebrate Launch of Young Recyclers Pilot Scheme

10/05/2021 | 09:49am EST

Schools across Kent County Council in the UK are taking part in a new recycling pilot scheme to encourage future generations to look after the planet.

The DS Smith Young Recyclers Scheme is partnering with five primary schools to help children between the ages of 3 and 11 to understand the circular economy, and how everyone, including children, can start making a difference to the environment around us.

Be A Zero Super Hero

Our Zero Hero recycling boxes have landed at schools, with pupils filling these boxes with cardboard from their homes. A weekly collection is in place, with all the cardboard collected going straight to DS Smith's flagship mill in Kemsley, Kent, ready to be turned back into packaging. Kemsley Mill is the largest recovered paper mill in the UK, which produces over 900,000 tonnes of finished paper each year.

Transitioning to a circular economy

The initiative will also provide supporting materials that explains more about the circular economy.

At DS Smith, we want to lead the way towards a more circular economy, through engaging and educating our people, our industry and the next generation. We are delighted that the children are involved in this project, and we're really looking forward to showing them how little steps can make a big difference.

- Stephanie Dalton, Innovation Manager, DS Smith

The Young Recyclers Scheme took fruition following a project with Cardiff Metropolitan University, where the next generation of product designers were challenged to re-think 'The Last Mile of e-commerce Delivery'.

Toby Edmunds, who was on the University team that created the Young Recyclers concept, has since joined the team at DS Smith to see the idea become reality.

Across Europe, e-commerce is now growing at 7% per year, creating a relentless demand for packaging. Finding practical, sustainable packaging solutions to keep pace is going to take leadership, new partnerships, and new thinking. It has been an absolute joy to not only be involved in the concept, but to now work at DS Smith overseeing the project. It is exciting to see the schools' involvement and the children's joy at contributing to this scheme, and we hope that, if successful, the scheme will be rolled out nationally to make an even bigger difference.

- Toby Edmunds, Graduate, DS Smith

This is just one of many pilots DS Smith are investing in to support the recycling of e-commerce packaging.

Disclaimer

DS Smith plc published this content on 05 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2021 13:48:10 UTC.


ę Publicnow 2021
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Financials
Sales 2023 7 934 M 9 710 M 9 710 M
Net income 2023 422 M 517 M 517 M
Net Debt 2023 1 465 M 1 793 M 1 793 M
P/E ratio 2023 9,51x
Yield 2023 5,55%
Capitalization 4 252 M 5 204 M 5 204 M
EV / Sales 2023 0,72x
EV / Sales 2024 0,69x
Nbr of Employees 29 584
Free-Float 96,1%
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Mean consensus BUY
Number of Analysts 12
Last Close Price 308,90 GBX
Average target price 378,50 GBX
Spread / Average Target 22,5%
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Managers and Directors
Miles William Roberts Group Chief Executive Officer & Executive Director
Adrian R. T. Marsh Group Finance Director & Executive Director
Geoffrey Drabble Chairman
David Robbie Senior Independent Director
Louise Helen Smalley Non-Executive Director
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