Resolute Forest Products Issues Sustainability Report for 2011 Performance
MONTREAL, Nov. 1, 2012 /PRNewswire/ – Resolute Forest Products (NYSE:
RFP) (TSX: RFP) released its Sustainability Report for 2011 Performance
today, detailing Company efforts to balance environmental, social and
economic considerations. The report also publicly introduces Resolute’s
first company-wide sustainability strategy which has three primary
areas of focus:
-- Reinforce Resolute's environmental credentials, taking appropriate steps to responsibly manage its environmental footprint; -- Position the Company as a competitive employer, attracting and retaining employees based on opportunities to quickly learn and grow within a dynamic organization; and -- Build solid community relations in Resolute's operating locations, recognizing that economically viable and civically involved companies support long-term regional prosperity.
“Over the past year, we have worked hard to deliver on the
sustainability commitments we have made, and meaningful progress was
achieved,” said Richard Garneau, President and Chief Executive Officer.
“As we move forward and implement our new sustainability strategy, we
recognize the value of engaging our employees and stakeholders in
raising the bar on our sustainability performance.”
Resolute’s key sustainability accomplishments outlined in the report
-- Becoming a member in the World Wildlife Fund's prestigious Climate Savers program, which helps companies set and achieve ambitious emission reduction targets. In 2011, the Company reduced its GHG emissions by 6% from 2010 levels, a 62% decrease versus 2000 levels. -- Increasing efforts to certify more Company-managed woodlands operations through the Forest Stewardship Council® (FSC) Sustainable Forest Management standard, leading to the Company becoming the world's largest manager of FSC-certified forests in 2012. -- Creating a management-level sustainability committee which prepared and is responsible for implementing Resolute's new corporate sustainability strategy. -- Completing a major life-cycle assessment of the Company's eco-friendly family of papers in 2011. These papers were launched in 2012 under the Align(TM) brand name.
New and continuing sustainability commitments for Resolute include:
-- Fiber Sourcing: Increasing FSC forest certification of managed forests from 18% in 2010 to 80% by 2015. Resolute has now certified 51% of its forests to FSC standards and continues to progress towards this target. -- Water: Improving the Company's understanding of its water footprint and voluntarily reporting to the Carbon Disclosure Project's Water Disclosure program. -- Climate Change: Achieving a 65% absolute reduction in scope 1 and 2 greenhouse gas (GHG) emissions by 2015 over the 2000 base year. -- Health and Safety: Achieving an Occupational Safety and Health Administration (OSHA) incident rate of 1.2 or below in 2012, with a long-term goal of zero incidents, zero injuries. -- Communities: Establishing information-sharing community groups by the end of 2013 at Company operations to further enhance community relations efforts. -- First Nations: Drafting a formal Company policy on First Nations relations in 2012.
Resolute’s sustainability report for 2011 performance was prepared using
the Global Reporting Initiative (GRI) G3.1 guidelines, one of the
world’s most broadly accepted standards for transparent sustainability
reporting. GRI’s voluntary reporting guidelines are endorsed by the
United Nations Global Compact and used by over 1000 organizations
worldwide. Resolute is reporting at the “B” level as defined by GRI
guidelines. This is the Company’s second GRI-compliant report.
For a copy of the report and for more information on Resolute Forest
Products’ approach to sustainability, visit the Company’s website at www.resolutefp.com/sustainability.
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products
industry with a diverse range of products, including newsprint,
commercial printing papers, market pulp and wood products. The Company
owns or operates 22 pulp and paper mills and 22 wood products
facilities in the United States, Canada and South Korea. Marketing its
products in more than 90 countries, Resolute has third-party certified
100% of its managed woodlands to sustainable forest management
standards. The shares of Resolute Forest Products trade under the stock
symbol RFP on both the New York Stock Exchange and the Toronto Stock
Resolute and other member companies of the Forest Products Association
of Canada, as well as a number of environmental organizations, are
partners in the Canadian Boreal Forest Agreement. The group works to
identify solutions to conservation issues that meet the goal of
balancing equally the three pillars of sustainability linked to human
activities: environmental, social and economic. Resolute is also a
member of the World Wildlife Fund’s Climate Savers program, in which
businesses establish ambitious targets to voluntarily reduce greenhouse
gas emissions and work aggressively toward achieving them.
SOURCE RESOLUTE FOREST PRODUCTS INC.