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International Paper (IP) has published its 2023 Sustainability Report, highlighting progress on its Vision 2030 goals and adherence to the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-related Financial Disclosures (TCFD) standards.
The report, released on May 16, 2024, underscores IP's commitment to sustainable management of natural resources, enhancing renewable fiber-based solutions, and promoting a low carbon, circular economy. The company has also responded to the Carbon Disclosure Project's (CDP) Climate Change, Forest, and Water Security questionnaires, aiming for transparent disclosure of sustainability risks and opportunities.
Sophie Beckham, Vice President and Chief Sustainability Officer, reaffirmed IP's dedication to these goals, which have been a part of its 125-year history.
International Paper (NYSE: IP) announced a quarterly dividend of $0.4625 per share for common stock, covering the period from April 1, 2024, to June 30, 2024. The dividend is payable on June 14, 2024, to shareholders of record by May 24, 2024.
The company also declared a $1.00 per share dividend for its cumulative $4.00 preferred stock for the same period, also payable on June 14, 2024, to shareholders of record by May 24, 2024.
International Paper (IP) issued a statement neither confirming nor denying rumors or speculation in recent media reports. Under new CEO Andy Silvernail, the company is implementing business strategies and cost-saving initiatives to boost profit margins and earnings growth. IP anticipates improved industry conditions leading to higher earnings. It is also committed to finalizing its merger with DS Smith to generate additional shareholder value.
International Paper partners with the Arbor Day Foundation to plant breaths of fresh air, with over 169,705 trees planted in 2023 across 13 projects, benefiting communities and ecosystems worldwide.
