TORONTO and MONTREAL, June 13, 2012 /PRNewswire/ - Resolute Forest Products (NYSE: RFP) (TSX: RFP) and the World Wildlife Fund (WWF) are pleased to announce that Resolute has become the largest manager of Forest Stewardship Council ® (FSC ®) certified forests in the world.
The Company recently certified 3.2 million hectares (7.9 million acres) of forestlands in the Lac-Saint-Jean region of Quebec to the FSC Boreal Standard. This certification raises the total area of Resolute-managed FSC-certified forests in North America to 10.3 million hectares (25.6 million acres), an area twice the size of Nova Scotia and larger than Portugal, Hungary or South Korea.
"Becoming the world's largest FSC holder is a major milestone in our efforts to become a positive force for sustainability within the forest products industry," stated Richard Garneau, Resolute's President and Chief Executive Officer. "Resolute's growing commitment to FSC complements other key sustainability initiatives, including the Company's membership in WWF's Climate Savers Program, which helps companies set and achieve ambitious emission reduction targets, as well as membership in the landmark Canadian Boreal Forest Agreement."
FSC is an international certification and labelling system dedicated to promoting responsible management of the world's forests. Co-founded in Canada by WWF in 1993, FSC works to promote environmentally appropriate, socially beneficial and economically viable management of the world's forests. FSC is an important example of how environmental organizations and businesses can work together to conserve important regions and wildlife while ensuring long-term success for industry."WWF congratulates Resolute for their FSC-certification achievement," said Gerald Butts, President and Chief Executive Officer, WWF-Canada. "This success, coupled with their commitment to the Climate Savers program, shows the value and importance of making conservation a business priority, and the critical role that corporations can and must play in addressing the major environmental challenges we are facing today." Under the WWF Climate Savers Program, Resolute has pledged to reduce its absolute greenhouse gas emissions by 65 percent below 2000 levels by 2015. Resolute also made a series of other commitments as part of its Climate Savers membership, including increasing its FSC certification to 80 percent by 2015. With the latest certification, Resolute has passed the halfway point in delivering on its 80 percent commitment.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV