This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Resolute Forest Products Issues 2012 Annual Report Including Overview Of 2012 Sustainability Performance

MONTREAL, March 25, 2013 /PRNewswire/ - Resolute Forest Products (NYSE: RFP) (TSX: RFP) today issued its 2012 Annual Report, which includes an overview of the Company's 2012 sustainability performance. While Resolute will continue to produce its Annual Sustainability Report using Global Reporting Initiative (GRI) guidelines, the Company is now also integrating sustainability performance information into its annual financial disclosure.

"Resolute recognizes that focusing on sustainability is good business. Our decision to produce a report combining financial and sustainability performance demonstrates our commitment to balancing environmental, social and economic priorities," said Richard Garneau, President and Chief Executive Officer. "We work hard to integrate sustainability into the way we do business because we believe this approach brings value to our customers, our shareholders, our employees and the communities where we live and work."

In 2012, Resolute made important progress on several of its key sustainability commitments, including:

Carbon Management - As part of its membership in the World Wildlife Fund's Climate Savers program, Resolute committed to achieving a reduction in absolute greenhouse gas emissions of 65% below 2000 levels by 2015. In 2012, Resolute achieved a reduction of over 62% and is on track to meet its WWF commitment.

Fiber Sourcing - The Company obtained chain of custody certification at all of its North American pulp and paper mills and wood products facilities, to either Forest Stewardship Council ® (FSC) ®, Programme for the Endorsement of Forest Certification (PEFC) or Sustainable Forestry Initiative ® (SFI ®) standards.

Forest Certification - Resolute is at the forefront of fiber certification, with 100% of the woodlands managed by the Company certified to internationally recognized sustainable forest management standards. Resolute is progressing toward its commitment to add FSC certification to 80% of its managed woodlands by 2015, and as of press time for the report, the Company had reached 65% certification. In 2012, Resolute achieved the distinction of being the largest manager of FSC-certified forests in the world. Taken all together, the Company's FSC-certified forests cover an area larger than Greece.

Product Stewardship - The Company launched its Align TM brand of eco-efficient, budget-friendly, high-performance papers, which are made using 50% less fiber and fewer chemicals than competitive papers. Depending on the grade, the carbon footprint for Align papers is 35% to 86% lower than for competitive papers.

First Nations - Resolute developed and published a formal policy on First Nations relations.

Health and Safety - The Company achieved a world-class Occupational Safety and Health Administration (OSHA) incident rate of 1.13, meeting Resolute's goal of 1.2 or below. For 2013, the Company is committed to further reducing the number of workplace injuries and has set an OSHA target of 1.0 or below.

While the 2012 Annual Report is Resolute's first report combining financial and sustainability performance, this is the Company's fourth year publishing sustainability-related performance data. More comprehensive data and details related to the Company's sustainability performance for 2012 will be included in its GRI-compliant Annual Sustainability Report to be released online later this year.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs