Fort Mill, South Carolina, Domtar, a leading North American manufacturer of diversified forest products, released its new Sustainability Strategy, a comprehensive plan that aligns the company’s priorities with key sustainability objectives and stakeholder interests.
The strategy includes performance metrics and benchmarks to track progress through 2030, with a focus on the company’s woodlands and manufacturing operations across Canada and the United States. It will also serve as the framework for Domtar’s first integrated Sustainability Report, covering all three business units (Paper & Packaging, Pulp & Tissue and Wood Products), which will be released later this year.
“We’re proud to release this strategy at a still relatively early stage in the operational integration of our three legacy companies under the new Domtar brand,” said John D. Williams, Non-Executive Chairman of the Management Board of Domtar. “Domtar has a long history of excellence in sustainability. We said we would maintain the highest levels of environmental stewardship and sustainability performance, and today we’re unveiling how we intend to deliver.”
Building on the company’s long-established commitment to sustainability and important socioeconomic impact in its operating communities, the strategy is organized around three central pillars, with 12 strategic objectives and associated performance targets for 2026 and 2030.
Objectives and 2030 targets for environmental stewardship include:
Advancing a commitment to sustainable forest management by increasing landowner engagement and establishing Domtar as a recognized collaborative partner in advancing the status of critical habitat for threatened species.
Positively impact biodiversity by ensuring 100 percent of operations with risks in high-value areas have biodiversity action plans in place.
Decarbonize operations, products and value chain by being on track to meet the science-based greenhouse gas emission reduction target planned to be set by 2026.
Improve the water resiliency of manufacturing operations by ensuring 100 percent of facilities have water-related risk mitigation plans in place.
Domtar supports operating communities and employees with the following plans:
Enforce a proactive safety program and culture, aiming to achieve zero safety injuries.
Foster relationships with Indigenous communities as a preferred partner through the implementation of partnership policy and internal engagement strategies.
Enhance the community engagement program, including employee volunteerism, by achieving $20 million in community investments over five years and tracking and reporting volunteerism milestones.
Strengthen the employee experience by establishing employee satisfaction milestones determined through engagement surveys as well as growth and development targets for 85 percent of potential successors and critical roles.
“Our objectives are ambitious and reflect a rigorous assessment of the standards and other guideposts that can help drive progress towards them,” said Sabrina de Branco, Domtar’s Global Chief Sustainability Officer. “We are also committing to the transparency stakeholders, rightsholders and partners will need to evaluate the outcomes firsthand.”
https://boardconvertingnews.com/domtar-unveils-sustainability-targets-through-2030/
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