Sylvamo and WWF Partner to Conserve and Restore Forests in Key Global Regions

Rhea-AI Summary

Sylvamo (NYSE: SLVM) has announced a $3 million expansion in its partnership with the World Wildlife Fund (WWF) to boost forest conservation efforts. This initiative aligns with Sylvamo's environmental, social, and governance (ESG) strategy and 2030 goals aimed at promoting healthy forests. The collaboration includes sustainable sourcing and restoration projects in Europe, North America, and the Atlantic Forest in Brazil. Sylvamo's chief sustainability officer highlighted the commitment to natural climate solutions, emphasizing the importance of responsible wood fiber sourcing.

Positive

• Expansion of partnership with WWF by $3 million enhances forest conservation efforts.
• Commitment to the 2030 goals reflects a strategic focus on sustainability and responsible sourcing.
• Collaboration aims to improve fiber sourcing from responsibly managed forests in North America and Europe.
• Projects in Brazil's Atlantic Forest strengthen local ecosystems and support sustainable practices.

Negative

• None.

MEMPHIS, Tenn.--(BUSINESS WIRE)-- Sylvamo (NYSE: SLVM), the world’s paper company, is announcing a $3 million expanded partnership with World Wildlife Fund (WWF) to further its commitment to forest conservation and restoration. The initiative is part of Sylvamo’s environmental, social and governance (ESG) strategy and 2030 goals.

“Our 2030 goals demonstrate Sylvamo’s commitment to building a better future for people, the planet and our company. These goals reflect our commitment to ensuring healthy forests, which are a critical component of natural climate solutions,” said James McDonald, chief sustainability officer at Sylvamo. “Our partnership with World Wildlife Fund is one way we’re making good on this commitment.”

The enhanced collaboration through WWF’s Forests Forward program will enable Sylvamo to make progress on its goal to ensure healthy and productive forest ecosystems by focusing on sustainable sourcing, conservation and restoration projects. Through the program, Sylvamo is collaborating with WWF to:

• Grow the availability of fiber from responsibly managed forests in Europe and North America
• Advance understanding of the role paper manufacturing plays in a circular, low-carbon economy in Europe
• Expand restoration in Brazil’s Atlantic Forest, focusing on the Mogi Guaçu River basin, where Sylvamo has important manufacturing operations

“Sylvamo is demonstrating real leadership by focusing on responsible wood fiber sourcing and strategic nature-based investments in critical landscapes,” said Kerry Cesareo, senior vice president for forests at WWF. “We’re excited to expand our partnership with Sylvamo to deliver positive impacts for working forests, the surrounding landscapes and, importantly, the local communities.”

About Sylvamo

Sylvamo (NYSE: SLVM) is the world’s paper company with mills in Europe, Latin America and North America. Our vision is to be the employer, supplier and investment of choice. We transform renewable resources into papers that people depend on for education, communication and entertainment. Headquartered in Memphis, Tennessee, we employ more than 6,000 colleagues. Net sales for 2021 were $2.8 billion. For more information, please visit Sylvamo.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221027005044/en/

Adam Ghassemi

901-519-8115

adam.ghassemi@sylvamo.com

Source: Sylvamo

FAQ

What is the significance of Sylvamo's $3 million partnership with WWF?

The $3 million partnership with WWF aims to enhance forest conservation efforts, aligning with Sylvamo's ESG strategy and commitment to sustainable practices.

How does the partnership with WWF benefit Sylvamo's 2030 goals?

This partnership supports Sylvamo's 2030 goals by promoting healthy forest ecosystems and responsible wood fiber sourcing.

What regions are impacted by Sylvamo's forestry initiatives?

Sylvamo's initiatives focus on regions in Europe, North America, and Brazil's Atlantic Forest.

What are Sylvamo's main objectives in expanding its collaboration with WWF?

The main objectives include sustainable sourcing, conservation, and restoration projects to ensure healthy and productive forest ecosystems.

What role does Sylvamo play in the circular economy according to the press release?

Sylvamo's partnership with WWF seeks to advance understanding of the role of paper manufacturing in a circular, low-carbon economy.