International Paper Publishes 2023 Sustainability Report

Rhea-AI Summary

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.

Positive

• IP demonstrates commitment to Vision 2030 sustainability goals, enhancing investor confidence.
• The company adheres to SASB and TCFD standards, promoting transparency and accountability.
• IP is focused on renewable fiber-based solutions, addressing market demand for sustainable products.
• The report indicates IP's proactive response to climate change and resource management, which may attract ESG-conscious investors.

Negative

• The PR lacks specific financial data or concrete figures on sustainability progress, which may concern investors looking for measurable outcomes.
• No clear timeline or detailed milestones for Vision 2030 goals, potentially indicating delays or lack of significant progress.

International Paper announced the progress on its Vision 2030 sustainability targets and published reporting against the Sustainability Accounting Standards Board (SASB) disclosures and Task Force on Climate-related Financial Disclosures (TCFD) recommendations.

MEMPHIS, Tenn., May 16, 2024 /PRNewswire/ -- International Paper released its 2023 Sustainability Report, which illustrates the progress made on our Vision 2030 goals and outlines our commitment to building a better future for people, the planet and our company.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9262852-international-paper-publishes-2023-sustainability-report/

For more than 125 years, IP has championed the sustainable management of natural resources. As part of its commitment to build a better future, IP advances its Vision 2030 goals and targets in order to deliver sustainable outcomes through our businesses.

"Guided by Vision 2030, our sustainability framework, IP has continuously worked alongside customers and strategic partners to become a leader in renewable fiber-based solutions and to help facilitate a low carbon, circular economy," said Sophie Beckham, Vice President and Chief Sustainability Officer, International Paper.

International Paper reported pursuant to the Task Force on Climate-related Financial Disclosures (TCFD) and also responded to CDP's (Carbon Disclosure Project) Climate Change, Forest and Water Security questionnaires to transparently disclose risks and opportunities in those core areas of sustainability.

Learn more about how International Paper address these risks in the Sustainable Operations and TCFD Index sections of this report and see the Annual Performance Summary for more information.

About International Paper
International Paper (NYSE: IP) is a global producer of sustainable packaging, pulp and other fiber-based products, and one of the world's largest recyclers. Headquartered in Memphis, Tenn., we employ approximately 39,000 colleagues globally who are committed to creating what's next. We serve customers worldwide, with manufacturing operations in North America, Latin America, North Africa and Europe. Net sales for 2023 were $18.9 billion. Additional information can be found by visiting internationalpaper.com.

 

View original content:https://www.prnewswire.com/news-releases/international-paper-publishes-2023-sustainability-report-302145608.html

SOURCE International Paper

FAQ

What sustainability progress has International Paper made in 2023?

International Paper has made progress on its Vision 2030 goals, focusing on sustainable resource management and renewable fiber-based solutions. The details are outlined in their 2023 Sustainability Report.

When did International Paper release its 2023 Sustainability Report?

International Paper released its 2023 Sustainability Report on May 16, 2024.

What standards does International Paper follow for its sustainability reporting?

International Paper adheres to the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-related Financial Disclosures (TCFD) standards.

How does International Paper address climate change?

International Paper addresses climate change by following TCFD recommendations and responding to the Carbon Disclosure Project's Climate Change, Forest, and Water Security questionnaires.

What is International Paper's Vision 2030?

Vision 2030 is International Paper's framework for achieving sustainable outcomes, focusing on renewable fiber-based solutions and a low carbon, circular economy.