Nip Impressions logo
Fri, Mar 29, 2024 02:42
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
PotlatchDeltic Releases 2022 Environmental, Social, and Governance Report

SPOKANE, Wash. (News release) -- PotlatchDeltic Corporation released its 2022 Environmental, Social, and Governance (ESG) Report. The Report highlights PotlatchDeltic's ESG strategy and 2022 ESG accomplishments, linking them with the United Nations Sustainable Development Goals.

"We are committed to social and environmental responsibility and strong governance practices, and we are proud of the initiatives we have under way," said Eric Cremers, President and Chief Executive Officer. "To successfully drive growth and business resilience, our ESG strategy needs to be aligned with our mission and values and should prioritize the issues that are most important to our business and stakeholders. Our 2022 ESG Report formally links our ESG strategy to four pillars--Forests, Planet, People, and Performance--and advances our ESG strategic initiatives through short and long-term goals within each pillar. We are focused on creating shared sustainable value and on building our capabilities to utilize working forests as part of the solution to climate change," stated Mr. Cremers.

PotlatchDeltic's 2022 ESG highlights include:

  • Planted 21 million seedlings, protected 6,494 miles of rivers and streams, and third-party certified 100% of our forestry practices and wood products procurement.
  • Removed and stored 3.2 million metric tons of CO2e (Scope 1 and 3) with greenhouse gas (GHG) emissions (Scope 1-3) of 2.6 million metric tons of CO2e.
  • Established a 2030 GHG emission reduction target for Scope 1 and Scope 2 emissions of 42% and a Scope 3 value chain GHG emissions reduction target of 25% from a 2021 baseline.
  • Committed to a goal to achieve net-zero GHG emissions by 2050.
  • Achieved outstanding safety performance with low incident and severity rates.
  • Sponsored and participated in the first Women's Forest Congress.
  • Linked 2023 short-term incentive compensation to achievement of key ESG objectives to provide a more holistic assessment of performance against the Company's ESG and operational goals.
  • Completed a physical climate scenario analysis on Idaho and Arkansas timberlands.
  • Continued to work on climate-related policy initiatives surrounding forests and wood products and evaluated opportunities for nature-based solutions.

PotlatchDeltic continues its ESG reporting informed by or referencing frameworks such as the Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), United Nations Sustainable Development Goals (UN SDGs), and Global Reporting Initiative (GRI). The Report can be found in the investor relations and the ESG Reporting Hub sections of the Company's website at www.potlatchdeltic.com.

Paperitalo newsletters: Cost zero, value immeasurable. Sign up today.


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: