Domtar Unveils Sustainability Targets Through to 2030
Domtar Unveils Sustainability Targets Through to 2030 |
[06-May-2025] |
Stakeholder-Driven Strategy Sets Performance Targets to Track Progress and Ensure Transparent Delivery of Impacts MONTRÉAL, RICHMOND, BC, and FORT MILL, SC, May 6, 2025 /PRNewswire/ - Today, Domtar, a leading North American manufacturer of diversified forest products, released its new Sustainability Strategy, a comprehensive plan that aligns the company's priorities with key sustainability objectives and stakeholder interests. The Strategy includes performance metrics and benchmarks to track progress through 2030, with a focus on the company's woodlands and manufacturing operations across Canada and the United States. It will also serve as the framework for Domtar's first integrated Sustainability Report, covering all three business units (Paper & Packaging, Pulp & Tissue and Wood Products), which will be released later this year. "We're proud to release this Strategy at a still relatively early stage in the operational integration of our three legacy companies under the new Domtar brand," said John D. Williams, Non-Executive Chairman of the Management Board of Domtar. "Domtar has a long history of excellence in sustainability. We said we would maintain the highest levels of environmental stewardship and sustainability performance, and today we're unveiling how we intend to deliver." Building on the company's long-established commitment to sustainability and important socioeconomic impact in its operating communities, the Strategy is organized around three central pillars, with 12 strategic objectives and associated performance targets for 2026 and 2030: Environmental Stewardship Domtar is committed to stewarding the planet's resources responsibly. The objectives and 2030 targets under this pillar include:
Our People and Communities Domtar supports our operating communities and employees. The objectives and 2030 targets under this pillar include:
Responsible Business Domtar upholds ethical and sustainable business practices and engages with our customers, business partners and stakeholders honestly and transparently. The objectives and 2030 targets under this pillar include:
"Our objectives are ambitious and reflect a rigorous assessment of the standards and other guideposts that can help drive progress towards them," said Sabrina de Branco, Domtar's Global Chief Sustainability Officer. "We are also committing to the transparency stakeholders, rightsholders and partners will need to evaluate the outcomes firsthand." The strategy development process included extensive engagement across Domtar's stakeholder universe, including outreach to customers, operating communities, business partners and non-governmental organizations. The unique perspectives of Indigenous peoples were also sought out. Over 500 representatives provided input via survey and more than 85 individuals participated in interviews. The Strategy is also aligned with the UN's widely endorsed Sustainable Development Goals. Any further evolution of the Strategy and its objectives will be driven in part by this important global call to action. Strategy development was led by Domtar's Sustainability team and operational subject matter experts from across the company's business units with select external guidance. Implementation responsibilities, along with required investments and resource needs, have been thoroughly assessed to support successful execution. About Domtar Domtar is a leading, privately held manufacturer of diversified forest products, with a workforce of nearly 14,000 employees in more than 60 locations across North America. The company has an annual production capacity of 9.1 million metric tons of pulp, paper, packaging and tissue, and approximately 3 billion board feet of lumber and other wood products. Formerly known as the Paper Excellence Group, Domtar is comprised of legacy businesses Paper Excellence Canada Holdings Corporation, Domtar Corporation and Resolute Forest Products, and is owned by investor Jackson Wijaya. Domtar prides itself on operational excellence, delivering sustainable, high-quality and cost-effective products to meet and exceed customer needs globally. The company is committed to turning sustainable wood fiber into everyday essential products. For more information, visit www.domtar.com.
SOURCE Domtar | ||
Company Codes: Toronto:FBK |