Resolute organizes governance structure for climate action

At Resolute, the company stewards renewable, sustainable, fossil-free resources that play an important role in fighting climate change. It is also delivering on its strong commitment to the climate and green energy by reducing the scope 1 and 2 greenhouse gas (GHG) emissions at its pulp, paper and tissue mills by 86% since 2000, adding wood products facilities to its carbon inventory last year, and optimizing the use of renewable energy – more than three quarters of total energy consumption in 2021.

At the heart of these achievements is the governance framework for assessing risks and opportunities, setting targets and tracking performance.

GOVERNANCE FRAMEWORK FOR CLIMATE ACTION AT RESOLUTE

Leadership from the top

The business and sustainability strategies have been expressly developed to align Resolute’s efforts in environmental stewardship and social responsibility with its business objectives. The company’s executive team is responsible for implementing business and sustainability strategies, which are approved by the board of directors. Climate change issues are discussed and reviewed on a regular basis, as capital projects require an evaluation of their impact on GHG emissions.

Board oversight

The board of directors’ environment, health, safety and sustainability (EHSS) committee provides oversight of the company’s environmental performance and guidance on its approach to climate change. The committee meets quarterly and reviews annual sustainability commitments, including targets to reduce GHG emissions.

Carbon committee

At the corporate level, Resolute’s carbon committee serves as a training and information mechanism for issues related to carbon regulation, reviewing all risks and opportunities related to carbon strategy. The committee brings together a cross-functional group of vice presidents and representatives from various company departments, and is chaired by the vice president, Environment, Energy and Innovation, who is responsible for carbon risks and opportunities at the mill level.

Each facility plays a part

At the operations level, facility managers are responsible for implementing site-specific carbon- and energy-related projects; supported by project engineers, financial controllers and environmental coordinators. Environment coordinators ensure compliance with environmental regulations, including those related to GHG emissions.

Incentive-based performance

Resolute has established clear sustainability performance metrics for 25% of the target payout under its short-term incentive plan. In addition to safety and environmental incident metrics, the company added a GHG emission reductions metric to its 2022 plan.

As an early adopter of climate action, Resolute has come a long way.

For more information, please visit Climate Change and Energy on its corporate website.