French forest certification system submitted for endorsement

Bass Pro Shops and Cabela’s announced today that Phil Graves has been named Chief Sustainability Officer. Graves brings nearly two decades of leadership in sustainability efforts, strategic planning, finance, and environmentally responsible investing for notable global companies including Patagonia, where he previously served as vice president of corporate development. “Conservation is central to everything we do, and we couldn’t be more thrilled to welcome an industry-recognized leader in sustainability to our Great American Outdoors Group of companies,” said noted conservationist and Bass Pro Shops founder/CEO Johnny Morris. “Phil’s talents and passion for the outdoors make him a natural fit for this role, and his leadership and expertise will advance our conservation mission and impact across North America.”

Resolute reports on business and sustainability results together – an approach that reinforces our vision that profitability and sustainability drive our future. The 2017 Annual and Sustainability Report features three principal components. The Economic section outlines our corporate business and sustainability strategies, the Environmental section includes updates on our sustainability performance; and the Social section provides insight into our continuous efforts to be a better employer, a stronger business partner, and even more deeply engaged in the communities in which we live and work. I invite you to learn more about Resolute’s rewarding culture by reading the online version of our 2017 Annual and Sustainability Report. Click Read More below for additional information.

UPM increases the IFRS fair value of its forest assets in Finland, mainly due to higher forest growth estimates. In addition, the company adjusts its long-term wood price estimates slightly. The impact of these changes on the fair value of forest assets is approximately EUR 320 million and will be reported as an item affecting comparability in Q4 2018 under Other operations. The updated forest growth model indicates higher forest growth volumes that are explained mainly by sustainable forest management. "UPM's own forests are strategic source for UPM's wood supply. Active, timely and sustainable forest management combined with high quality seedling material have increased UPM's own forests' growth significantly over the years. Increasing forest growth and carbon sequestration enable higher sustainable harvesting volumes from UPM's own forests now and in the future," says Sauli Brander, Senior Vice President, Wood Sourcing and Forestry Northern Europe. Click read more below for additional detail.