At the beginning of each year, Resolute sets business priorities for the 12 months ahead. Typically, the business priorities describe in broad terms the company’s areas of focus in order to increase earning power and create long-term value for shareholders.
In 2015, Resolute achieved the best safety performance in our company’s history. Four of our facilities reached or surpassed 1 million hours without a recordable injury. Our Baie-Comeau (Quebec) paper mill and our Maniwaki (Quebec) sawmill both achieved 1.5 million consecutive operating hours without a single recordable injury, making them the first Resolute operations to reach this milestone.
Resolute recorded a world-class Occupational Safety and Health Administration (OSHA) incident rate of 0.66 – a 20% drop over 2014.
Our Calhoun mill connects with this mentoring organization through sponsorship and a mill tour.
It’s a big world out there. Jonathan Porter knows that. He’s been active with the local chapter of the national mentoring and education organization 100 Black Men of America since 2004.
2015 was a year of significant accomplishments for Resolute. We entered North America’s consumer tissue market, invested in our growing pulp and lumber markets, achieved the best safety performance in the company’s history, and advanced our sustainability performance – all while maintaining a strong financial position in the face of a challenging business environment.
In our latest annual report, Building the Resolute of the Future, we measure our performance and results against our goals and clearly articulate our business and sustainability strategies for the future.
Resolute is starting the year out right, receiving more global recognition for our leadership in sustainability.
We were honored to recently win the U.K.-based Corporate LiveWire’s Excellence in Sustainable Forest Products Award, representing The Americas category of the 2016 Innovation & Excellence Awards. Check out the full guide online.
Every year our executive team sets business priorities for the following year. They’re clearly stated in our annual reports (usually in the letter to shareholders). Typically, they describe in broad terms what we will focus on in the coming year to increase value for shareholders in the long term.
Wood pulp is the most commonly used material to make paper (believe it or not, rags were the most common material for paper up until the late 19th century). Pulp not converted into paper is sold as market pulp, which is used to make a range of consumer products including tissue, packaging, specialty papers, diapers and other absorbent products.
That’s about the half the size of Connecticut (or about 6,000 square kilometers), but spread out over all of Canada.
In comparison, more than five times that area is disturbed annually by natural causes such as forest fires, insects and disease. Canada’s boreal forest is 100% regenerate, about 75% of the area harvested through forestry grows back naturally. And the other 25%? That grows back as a result of the prompt reforestation work done via seeding and tree planting.
Over the last year or more, we announced a number of significant investments, including:
CALHOUN, TENNESSEE: US$105 million upgrade to our pulp and paper mill. The new digerester will significantly lower the mill’s operating costs while adding capacity. When it is implemented (ramp-up starts late 2015) we expect to have an additional 100,000 metric tons of market pulp available on an annualized basis.
Many of our operations in Canada are located in areas where First Nations peoples form a large portion of the population. Not only do we share in the respect and importance of forest resources, we also understand that these resources are critical to the prosperity of Aboriginal communities.
How do you work with First Nations?
In a number of ways. It starts with respecting treaties, traditions and rights. That’s outlined in our Aboriginal Peoples Policy. In Canada, the legal responsibility to consult with First Nations and harmonize forest management practices with their traditional land uses lies with government.
Within this framework, we collaborate with First Nations and government to promote constructive discussions that we hope will lead to long-term solutions. And in many cases it has. Resolute maintains close ties with 27 First Nations in Ontario and in Quebec, we regularly engage with 12 different communities from five separate First Nations.
How Resolute surpassed its total GHG emissions reduction target two years ahead of schedule. And what’s next on the sustainability agenda.
When we joined WWF’s Climate Savers Program in 2011, we agreed to a series of commitments including an ambitious goal – to achieve a reduction in absolute greenhouse gas (GHG) emissions of 65% below our 2000 levels. And we would do it by 2015.
Exciting things are happening in sustainability reporting at Resolute Forest Products, and we wanted to share some of that great news. Our Corporate Sustainability Committee met recently to discuss our move to a new reporting strategy, updates to material issues and exciting developments to increase the accountability and transparency of Resolute’s sustainability reporting.