Managing Climate Risks: International Paper's Strategy for a Resilient Future
International Paper is actively addressing climate change risks and opportunities, positioning itself as a leader in sustainable practices within the pulp and paper industry. The company:
- Is one of the first North American pulp and paper companies with an approved Science Based Target initiative (SBTi) target
- Follows the Task Force on Climate-related Financial Disclosures (TCFD) recommendations for reporting
- Responds to Climate Disclosure Project's (CDP) questionnaires on Climate Change, Forest, and Water Security
- Has published a TCFD Report outlining climate-related risks, opportunities, and corresponding strategies
- Anticipates more acute impacts from extreme weather and water scarcity in the coming decade
- Sees significant opportunities in the growing low-carbon circular economy
- Continues to refine climate scenario analyses for effective planning and transparent communication with stakeholders
International Paper sta affrontando attivamente i rischi e le opportunità legati ai cambiamenti climatici, posizionandosi come un leader nelle pratiche sostenibili nell'industria della cellulosa e della carta. L'azienda:
- È una delle prime aziende nordamericane nel settore della cellulosa e della carta ad avere un target approvato dall'iniziativa Science Based Target initiative (SBTi)
- Segue le raccomandazioni del Task Force on Climate-related Financial Disclosures (TCFD) per la rendicontazione
- Risponde ai questionari del Climate Disclosure Project (CDP) su Cambiamento Climatico, Foreste e Sicurezza Idrica
- Ha pubblicato un Rapporto TCFD che delinea rischi e opportunità legati al clima e le relative strategie
- Prevede impatti più acuti da eventi meteorologici estremi e scarsità d'acqua nel prossimo decennio
- Vede significative opportunità nella crescente economia circolare a basse emissioni di carbonio
- Continua a perfezionare le analisi di scenario climatici per una pianificazione efficace e una comunicazione trasparente con gli stakeholder
International Paper está abordando activamente los riesgos y oportunidades relacionados con el cambio climático, posicionándose como un líder en prácticas sostenibles dentro de la industria de la pulpa y el papel. La empresa:
- Es una de las primeras empresas de pulpa y papel en América del Norte que tiene un objetivo aprobado por la Science Based Target initiative (SBTi)
- Sigue las recomendaciones del Task Force on Climate-related Financial Disclosures (TCFD) para la presentación de informes
- Responde a los cuestionarios del Climate Disclosure Project (CDP) sobre Cambio Climático, Bosques y Seguridad del Agua
- Ha publicado un Informe TCFD que describe los riesgos y oportunidades relacionados con el clima y las estrategias correspondientes
- Anticipa impactos más agudos de fenómenos climáticos extremos y escasez de agua en la próxima década
- Ve oportunidades significativas en la creciente economía circular de carbono bajo
- Continúa refinando análisis de escenarios climáticos para una planificación efectiva y una comunicación transparente con las partes interesadas
International Paper는 기후 변화와 관련된 위험 및 기회를 적극적으로 대응하고 있으며, 제지 산업 내에서 지속 가능한 관행의 리더로 자리잡고 있습니다. 회사는 다음과 같습니다:
- Science Based Target initiative (SBTi)에서 승인된 목표를 가진 첫 번째 북미 제지 회사 중 하나입니다.
- 보고를 위한 Task Force on Climate-related Financial Disclosures (TCFD)의 권장 사항을 따릅니다.
- 기후 변화, 산림 및 물 안보에 대한 Climate Disclosure Project (CDP)의 설문조사에 응답합니다.
- 기후 관련 위험, 기회 및 이에 대한 전략을 요약한 TCFD 보고서를 발행했습니다.
- 향후 10년간 극심한 날씨와 물 부족으로 인한 영향이 더 커질 것으로 예상합니다.
- 저탄소 순환 경제의 성장에서 상당한 기회를 보고 있습니다.
- 이해관계자와의 효과적인 계획 및 투명한 커뮤니케이션을 위해 기후 시나리오 분석을 계속 다듬고 있습니다.
International Paper s'attaque activement aux risques et opportunités liés au changement climatique, se positionnant comme un leader dans les pratiques durables au sein de l'industrie de la pâte et du papier. L'entreprise:
- est l'une des premières entreprises nord-américaines de pâte et de papier à avoir un objectif approuvé par l'initiative Science Based Target initiative (SBTi)
- suit les recommandations de la Task Force on Climate-related Financial Disclosures (TCFD) pour la déclaration
- répond aux questionnaires de Climate Disclosure Project (CDP) concernant le changement climatique, les forêts et la sécurité de l'eau
- a publié un rapport TCFD décrivant les risques et opportunités liés au climat ainsi que les stratégies correspondantes
- anticipe des impacts plus aigus dus aux événements météorologiques extrêmes et à la rareté de l'eau au cours de la prochaine décennie
- voit d'importantes opportunités dans l'économie circulaire à faibles émissions de carbone en pleine croissance
- continue à affiner les analyses de scénarios climatiques pour une planification efficace et une communication transparente avec les parties prenantes
International Paper geht aktiv mit den Risiken und Chancen des Klimawandels um und positioniert sich als führend in nachhaltigen Praktiken innerhalb der Zellstoff- und Papierindustrie. Das Unternehmen:
- Ist eines der ersten nordamerikanischen Zellstoff- und Papierunternehmen mit einem genehmigten Ziel der Science Based Target initiative (SBTi)
- Folgt den Empfehlungen der Task Force on Climate-related Financial Disclosures (TCFD) für die Berichterstattung
- Beantwortet die Fragebögen des Climate Disclosure Project (CDP) zu Klimawandel, Wäldern und Wassersicherheit
- Hat einen TCFD-Bericht veröffentlicht, der klimabezogene Risiken, Chancen und entsprechende Strategien umreißt
- Erwartet ausgeprägtere Auswirkungen von extremem Wetter und Wasserknappheit im kommenden Jahrzehnt
- Sieht bedeutende Chancen in der wachsenden kreislauforientierten, kohlenstoffarmen Wirtschaft
- Verfeinert weiterhin Klimaszenarioanalysen für eine effektive Planung und transparente Kommunikation mit den Stakeholdern
- Early adopter of Science Based Target initiative (SBTi) in the North American pulp and paper industry
- Transparent reporting through TCFD recommendations and CDP questionnaires
- Identified opportunities in the growing low-carbon circular economy
- Experiencing weather-related impacts exacerbated by climate change
- Anticipates increased acute impacts from extreme weather and water scarcity in the near future
International Paper's proactive approach to climate risk management demonstrates strategic foresight in an increasingly volatile environmental landscape. Their adherence to SBTi, TCFD and CDP frameworks showcases a commitment to transparency and standardized reporting, which investors typically view favorably. The company's recognition of both risks and opportunities in the transition to a low-carbon economy is prudent.
However, the lack of specific targets or quantifiable progress in this release may leave some investors wanting more concrete information. The acknowledgment of increasing acute weather impacts suggests potential near-term operational challenges that warrant close monitoring. Overall, this strategy positions International Paper as a responsible actor in climate risk management, potentially enhancing long-term resilience but with short-term adaptation costs to consider.
International Paper's climate risk strategy aligns with growing investor demand for ESG-focused companies. Their participation in recognized frameworks like SBTi and TCFD enhances comparability and credibility, potentially attracting ESG-focused funds. The company's focus on the low-carbon circular economy suggests potential for product innovation and market expansion, which could drive future growth.
However, investors should note the absence of specific financial implications or quantified risk assessments in this release. The mention of increasing acute weather impacts implies potential for disruptions and increased operational costs in the short term. While the long-term strategy appears sound, the lack of concrete near-term action plans may concern some investors looking for immediate risk mitigation measures. This approach balances long-term positioning with short-term uncertainties.
NORTHAMPTON, MA / ACCESSWIRE / September 19, 2024 / International Paper Company
Originally published in International Paper's 2023 Sustainability Report
Climate change is disrupting society and business today. As we face physical and transition risks now and in the years ahead, identifying these risks and opportunities for our company and the communities where we operate is key. We're working to better understand these risks and determine the best way to monitor, measure and address them. As one of the first North American pulp and paper companies to have an approved Science Based Target initiative (SBTi) target, we continue to use the SBTi-approved methodology to inform the strategies we need to implement.
Our reporting also follows the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), a framework for companies to analyze and report on climate-related risks, and to inform investors on exposure to financial risks related to climate change. We additionally respond to Climate Disclosure Project's (CDP) Climate Change, Forest and Water Security questionnaires to transparently disclose our risks and opportunities in those core areas of sustainability.
Our latest TCFD Report maps out our climate-related risks and opportunities as well as the corresponding mitigation and adaptation strategies. As a leading producer of renewable fiber-based products, we see significant opportunities in the growing low-carbon circular economy. However, we are already experiencing weather-related impacts exacerbated by climate change. We believe that we are more likely to experience an increase in acute, rather than chronic, impacts related to extreme weather and water scarcity during this decade. We continue to refine our climate scenario analyses to plan effectively and communicate transparently to our stakeholders.
Learn more in this report's Sustainable Operations section and our Climate Change Statement.
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
About International Paper - EMEA
In Europe, Middle East & Africa (EMEA), International Paper focuses on the production and marketing of fiber-based packaging and specialty pulp, employing approximately 4,400 people. As a leading supplier of high-quality corrugated containers for a multitude of applications, we serve customers throughout the region from our network of two recycled containerboard mills and 23 box plants in France, Italy, Morocco, Portugal and Spain. Specialty pulp is made in Gdansk, Poland. Other products available from International Paper in the region include a variety of Kraft linerboard and other pulp products.
Contact Info:
Spokesperson: International Paper Company
Website: https://www.3blmedia.com/profiles/international-paper-company
Email: info@3blmedia.com
SOURCE: International Paper Company
View the original press release on accesswire.com
FAQ
What climate-related reporting frameworks does International Paper (IP) follow?
Has International Paper (IP) set any science-based climate targets?
What climate-related risks does International Paper (IP) anticipate in the coming decade?
How is International Paper (IP) preparing for climate-related risks?
