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Building a better future with DS Smith case study



4,000 companies

Our investible universe:
150 companies

Our portfolio:
25 - 35 companies


Circular economy

“Based on the simple concepts of waste, reusing materials and redesigning how we create value from products and services, the idea of the circular economy has emerged as a beacon for moving away from a take-make-dispose culture and society.” – UNEF, United Nations

Currently, the world generates some two billion tons of waste annually, and by 2050 it’s estimated that there could be more plastic in the oceans by weight, than fish. The linear take, make and dispose economic model which has led to so much waste, has dominated for the past century, but this is no longer sustainable.

Moving to a more ‘circular economy’ means, for example, waste from production and consumption becomes a resource to be recycled and reused. As well as reducing waste this approach can provide both environmental and economic benefits.

We invest in companies helping to create a more circular economy and dealing with the ever-growing accumulation of waste that we as a society are producing. Here's an example of one of the companies we have invested in.



Building a better future with


DS Smith

DS Smith* are Europe’s largest cardboard and paper recycler and a leading full-recycling and waste management company.

Their aim is “to continually protect the natural environment and be recognised as a good neighbour in the local community”. Through their circular business model their impact is estimated to have saved 36 million trees in 2018.

As a leading provider of corrugated packaging solutions DS Smith operate across 37 countries and employ over 29,000 people. Using their expertise from design to production and supply to recycling, they can offer high quality, environmentally friendly, innovative solutions and great service that looks at the whole of its customers’ packaging needs, not just one part.

DS Smith have nine ambitious, long-term, sustainability targets. It is through delivering against these targets that they look to achieve their corporate goal - to lead the way in sustainability.

To read more about how DS Smith are making a positive impact and to view their nine sustainability targets, visit their website.

The value and income from a fund’s assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.

*Information sourced from company literature