SOURCE: International Paper CompanyDESCRIPTION:
MEMPHIS, Tenn., November 1, 2020 /3BL Media/ International Paper, one of the world’s leading producers of renewable fiber-based packaging, pulp and paper, announced that it has furthered its commitment to environmental transparency by disclosing its environmental impact through CDP, a global non-profit that runs the world’s leading environmental disclosure platform. The company has disclosed through CDP for the past 20 years, and for 2020 completed CDP’s climate change, forests and water security questionnaires.
In 2020, 515 investors with US$106 trillion in assets and 150+ large purchasers with over US$4 trillion in procurement spend requested thousands of companies to disclose their environmental data through CDP. By completing CDP’s annual request for disclosure via completion of its climate change, forests and water security questionnaires, International Paper is demonstrating the transparency and accountability vital to tracking progress toward a thriving, sustainable future.
The rise in corporate disclosure – which has now reached 9,600 companies worldwide in 2020 – is evidence that transparency around environmental impact is now a business norm.
In addition to its disclosure to CDP, International Paper announced earlier this year its Vision 2030 goals, which demonstrate its commitment to building a better future for people, the planet and the company. The targets include commitments to reduce greenhouse gas emissions by 35% from 2017 levels, to reduce water usage by 25% and to source 100% of its fiber from sustainably managed forests or recovered fiber by 2030.
The companies disclosing through CDP can be accessed at www.cdp.net/en/responses.
About International Paper
International Paper (NYSE: IP) is a leading global producer of renewable fiber-based packaging, pulp and paper products with manufacturing operations in North America, Latin America, Europe, North Africa and Russia. We produce corrugated packaging products that protect and promote goods and enable worldwide commerce; pulp for diapers, tissue, and other personal hygiene products that promote health and wellness; and papers that facilitate education and communication. We are headquartered in Memphis, Tenn., employ more than 50,000 colleagues and serve more than 25,000 customers in 150 countries. Net sales for 2019 were $22 billion. For more information about International Paper, our products and global citizenship efforts, please visit internationalpaper.com.
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$106 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2020. This is in addition to the over 920 cities, states and regions who disclosed in 2019, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition. Visit https://cdp.net/en or follow us @CDP to find out more.
KEYWORDS: NYSE:IP, International Paper, CDP, Disclosure, Transparency