Good Governance: Environmental, Social, and Corporate Governance at International Paper
Originally published in International Paper's 2021 Sustainability Report
Environmental, social and governance considerations (ESG) are incorporated into our everyday processes to help ensure that we track, analyze and address risks, and operate responsibly and sustainably.
Responsibility for global citizenship rests with the Public Policy and Environment Committee of the Board of Directors. The Board’s Governance Committee has additional oversight of certain public policy and sustainability matters, including oversight on our progress towards Vision 2030 goal achievement.
At the management level, responsibility for our Global Citizenship Strategy and Leadership rests with our CEO and Senior Lead Team. Our Environment, Health and Safety Council, Stewardship Council (formerly the Global Citizenship Council) and Chief Sustainability Officer report to them on strategic implementation and progress. Other engaged Councils include Enterprise Risk Management and Reputation Management.
We have established a governance model to direct the implementation and monitoring of our sustainability risks and opportunities, as well as our Vision 2030 strategy. Learn more here.
Climate risks
Identifying climate-related risks and opportunities for our company and the communities where we operate is important for International Paper. This year, to better understand our climate risks and resiliency management, and determine the best way to monitor, measure and address those risks, we reported pursuant to the Task Force on Climate-related Financial Disclosures (TCFD) recommendations for the first time.
TCFD is an industry-led organization that provides a framework for companies to analyze and report on climate-related risks, and to provide decision-useful information to investors on their exposure to financial risks related to climate. We intend to continue to report against this framework on an annual basis.
We also respond to CDP’s Climate Change, Forest and Water Security questionnaires to transparently disclose our risks and opportunities in those core areas of sustainability. Learn more about how we address these risks in the Sustainable Operations and TCFD Index sections of this report and see our 10-K for more information.
About International Paper
International Paper (NYSE: IP) is a leading global supplier of renewable fiber-based products. We produce corrugated packaging products that protect and promote goods, and enable worldwide commerce, and pulp for diapers, tissue and other personal care products that promote health and wellness. Headquartered in Memphis, Tenn., we employ approximately 38,000 colleagues globally. We serve customers worldwide, with manufacturing operations in North America, Latin America, North Africa and Europe. Net sales for 2021 were $19.4 billion. See how we’re building a better future for people, the planet, and our company at internationalpaper.com/Vision-2030.
