A Governance Framework for Climate Action at Resolute

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At Resolute, we steward renewable, sustainable, fossil-free resources that play an important role in fighting climate change.

We are also delivering on our strong commitment to the climate and green energy by reducing the scope 1 and 2 greenhouse gas (GHG) emissions at our pulp, paper and tissue mills by 86% since 2000, adding our wood products facilities to our carbon inventory last year, and optimizing the use of renewable energy – more than three quarters of our total energy consumption in 2021! 

At the heart of these achievements is our governance framework for assessing our risks and opportunities, setting targets and tracking our performance. 

Leadership from the top. Our business and sustainability strategies have been expressly developed to align our efforts in environmental stewardship and social responsibility with our business objectives. Resolute’s executive team is responsible for implementing our business and sustainability strategies, which are approved by our board of directors. Climate change issues are discussed and reviewed on a regular basis, as capital projects require an evaluation of their impact on GHG emissions.

Board oversight. Our board of directors’ environment, health, safety and sustainability (EHSS) committee provides oversight of the company’s environmental performance and guidance on our approach to climate change. The committee meets quarterly, reviewing all annual sustainability commitments, including targets to reduce GHG emissions.

Carbon committee. At the corporate level, Resolute’s carbon committee serves as a training and information mechanism for issues related to carbon regulation, reviewing all risks and opportunities related to our carbon strategy. The committee brings together a cross-functional group of vice presidents and representatives from various company departments, and is chaired by our vice president, Environment, Energy and Innovation, who is responsible for carbon risks and opportunities at the mill level.

Each facility plays a part. At the operations level, facility managers are responsible for implementing site-specific carbon- and energy-related projects; supported by project engineers, financial controllers and environmental coordinators. Environment coordinators ensure compliance with environmental regulations, including those related to GHG emissions.

Incentive-based performance. We have established clear sustainability performance metrics for 25% of the target payout under our short-term incentive plan. In addition to safety and environmental incident metrics, we added a GHG emission reductions metric to our 2022 plan.

As an early adopter of climate action, Resolute has come a long way. Meaningful climate action begins with solid leadership and strong governance. We’re proud of our successes, and are looking forward to continuing our progress. For more information, please visit Climate Change and Energy on our corporate website.

Source: The Resolute Blog