JACKSONVILLE, Fla. (News release) -- Rayonier Advanced Materials Inc. announced the release of its 2021 Environmental, Social and Governance (ESG) Report. The report details the Company's accomplishments, progress and commitments with respect to its careful stewardship of tremendous assets and valuable resources. In the report, the Company communicates its goal of a 40 percent reduction in scope 1 and scope 2 greenhouse gas (GHG) emissions by 2030 versus a 2020 base year. The report's disclosures are aligned to the TCFD, SASB and GRI frameworks.
"This report demonstrates our entire team's deep commitment to responsible and sustainable growth and creating long-term value for our stockholders. Sustainability is a core element of our long-term strategy," said Vito J. Consiglio, President and CEO of Rayonier Advanced Materials. "For over 95 years, RYAM has turned the renewable into the remarkable, converting responsibly sourced renewable resources into remarkable materials that impart critical functionality, customized attributes and sustainability benefits to a broad range of end products used throughout the globe. We are well-positioned to thrive in a world that places increasing value on sustainable solutions."
Highlights of the Report include:
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Safety focus and performance against leading safety indicators
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Climate risks and opportunities assessment aligned to TCFD
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SASB-aligned metrics for industry-specific sustainability categories
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GHG reduction target - 40 percent reduction by 2030 against a 2020 base year
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Sustainable fiber sourcing practices and certifications
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Investments in innovation and our BioFuture
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Employee engagement, diversity and inclusion initiatives
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Projects to support our communities
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Board oversight of ESG performance
"This Report well reflects the progress we have made in more fully integrating sustainability into our strategy and identity and delivering on our commitment to enhance disclosures and establish targets," said Ben Chambers, Head of Sustainability. "As an organization, we have challenged ourselves with ambitious goals and aligned our operating, strategic planning and risk management processes to these goals."
The report is available at https://rayonieram.com/sustainability-overview/2021-ESG-report/.
