Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Developed a formal Greenhouse Gas (GHG) reporting methodology.
• Gathered Scope 1 and Scope 2 GHG emissions data for all operating business units.
• Mapped supply chain to understand chain of custody certified material availability.
• Approximately 75% of paper purchased in 2023 was from certified sources (FSC® or SFI®).

Social Achievements

• Standardized health and safety incident reporting across business units.
• Supported philanthropic causes in local communities.
• Implemented a formal Employment Equality Program.

Governance Achievements

• Established ESG governance structures, including Board oversight and an internal ESG Committee.
• Participated in EcoVadis and CDP assessments.
• Implemented an internal cybersecurity awareness and training program.
• Updated Corporate Governance Committee Charter in 2022 to include oversight of the ESG agenda.

Climate Goals & Targets

Environmental Challenges

• Understanding the full scope of environmental impact and key drivers behind metrics.
• Quantifying the effects of past energy-saving investments.

Mitigation Strategies

• Commitment to a period of comprehensive study to understand impact and key drivers.
• Aligning future objectives with science-based targets.
• Intending to update capital expense process to include an environmental impact lens.
• Performing energy audits to identify areas for energy reduction.

Supply Chain Management

Responsible Procurement

• Preference for FSC® or SFI® certified materials.
• Educating packaging customers on benefits of certified paperboard.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB