This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

International Paper Announces Significant Progress On 2020 Sustainability Goals

Stocks in this article: IP

MEMPHIS, Tenn., June 27, 2013 /PRNewswire/ -- International Paper published its 2012 Sustainability Report, revealing progress against its voluntary goals including certified fiber use, greenhouse gas (GHG) emission reductions, and water quality improvement.

(Logo: http://photos.prnewswire.com/prnh/20020701/IPLOGO )

In 2011, International Paper announced 12 environmental and social goals that it planned to achieve by 2020. Using a 2010 baseline, the company is reporting goal progress that includes:

  • A 10 percent absolute reduction in on-site fossil fuel GHG emissions.  This puts the company halfway toward its 2020 goal.
  • A 15 percent reduction in criteria pollutant emissions through energy savings and fuel mix changes. This significant reduction exceeds the company's overall 2020 reduction target.
  • Achieving a 27 percent reduction in oxygen depleting substances in water released from mill operations, which exceeds the company's 2020 water quality goal.
  • Boosting purchases of third party certified fiber by 18 percent, exceeding IP's 15 percent goal for 2020.
  • A 30 percent drop in life-changing injuries and fatalities between 2010 and 2012 as IP strives for an accident-free workplace.

"Last year we announced 12 voluntary goals to help focus our sustainability efforts. This report details progress we have achieved," said Chairman and CEO John Faraci. "By pursuing transparent goals and establishing new relationships with external stakeholders, International Paper is demonstrating a commitment to continuous improvement."

The report also highlights groundbreaking collaborations with prominent sustainability organizations including the World Wildlife Fund (WWF), the World Business Council for Sustainable Development (WBCSD), and the National Fish and Wildlife Foundation.

Collaborations for 2012 and early 2013 include:

  • Joining the CEO-led World Business Council for Sustainable Development and its Forest Solutions Group where IP will provide global business leadership in expanding sustainable forestry.
  • A major donation to and collaboration with the National Fish and Wildlife Foundation to create the "Forestland Stewards" initiative.
  • Joining WWF's Global Forest and Trade Network in North America and Brazil.
  • Joining the U.S. Department of Energy Better Plants Program, which commits International Paper to reduce energy intensity by 15 percent over 10 years at all U.S. facilities.
  • Collaboration with the Dogwood Alliance – a non-profit working to improve how southern U.S. forests are managed – on a forest mapping pilot project in the southeastern U.S.

"We are very pleased with this first year of progress against our goals, but we are mindful that our sustainability journey is a long one, with more opportunities ahead," said Teri Shanahan, International Paper's vice president, sustainability. "We are confident that working to achieve these goals will drive business results, and support our customers' needs. We look to build on progress with a cycle of goals that demonstrate our continual progress."

The comprehensive report details progress against all International Paper's 2020 sustainability goals, set in 2011, which span eight impact areas: energy efficiency, air emissions, safety, waste, water, fiber, supply chain, and philanthropy. 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs