AF&PA Announces Award-Winning Sustainability Projects

International Paper released its 2022 Sustainability Report, which illustrates the progress made on our Vision 2030 goals and outlines our commitment to building a better future for people, the planet and our company. From planet-friendly packaging to pulp for absorbent products, we transform renewable resources into products people depend on every day. As one of North America's largest recyclers, we deliver circular solutions that reduce waste and build a better future for our planet. International Paper recognizes its impacts and dependencies on natural and human capital, and its responsibility to promote the health of people and our planet because we know that's what's needed for a livable world and a thriving society.

Metsä Group is exploring possibilities to construct a carbon capture facility at one of its pulp or bioproduct mills. The investigation is a continuation of the work initiated in the spring, in which Metsä Group and Fortum jointly studied the capture of wood-based carbon dioxide and its use in the chemical industry and hydrogen economy, for example. According to Pirita Mikkanen, Metsä Group’s VP, Energy, wood-based carbon dioxide is a major production side stream in the forest industry, and it could be used more efficiently. “Our cooperation with Fortum has given us good experiences of and greater insight into carbon capture. I believe we can use wood-based carbon dioxide emissions much more than we currently do. We see new cooperation opportunities with the chemical industry, among others.”

Companies in the European Union will find it tougher to greenwash under new rules aimed at improving the quality and consistency of environmental reporting. From 2024, the Corporate Sustainability Reporting Directive (CSRD) will require all market-listed EU-based companies to publish detailed information about how sustainability issues such as climate change impact their business and how their operations affect people and the planet. In total, almost 50,000 companies are expected to be impacted by the CSRD, which accounts for three-quarters of business in the European Economic Area. As well as companies listed on regulated markets, companies with more than 250 employees, a turnover of over €40 million, and over €20m of total assets will also need to comply with the new rules. This means that European companies will need to be much more detailed in their sustainability reporting, with science-based environmental targets and climate risk included in their annual reports. That information will need to be qualitative and quantitative, forward-looking and retrospective, and based in the short, medium and long term.