Resolute Forest Products , a Canadian forest products manufacturer, recently announced the status of its sustainability commitments, during the year 2012.
Resolute believes in optimizing the protection and enhancement of the natural resources used by the company, and managing the well-being of the society at large. In the process, Resolute had set some goals for itself. Let us examine the goals set vis-à-vis the results obtained.
Target: Achieve 65% absolute reduction in greenhouse gas emissions by 2015, taking 2000 as the base year.
Result: Achieved 62% of the reduction in 2012, and on the verge of attaining more in the coming years.
Forestry and Fiber
Target: Increase Forest Stewardship Council (FSC) certification of managed woodlands from 18% in 2010 to 80% by 2015
Result: Attained 65% of the FSC certification by 2012.
Health and Safety
Target: Reduce environmental incidents to an incident rate of 1.2 or below in 2012 compared with the 2011 baseline
Result: Recorded an incident rate of 1.13 for 2012.
Target: Increase promotion of eco - efficient products; release new products to help customers reduce their carbon emissions.
Result: Instigation of AlignTM, an eco-friendly brand of papers, which uses 50% less fiber and lesser chemicals.
A company like Resolute, which engages in the production of forest products like newsprint, commercial printing papers and wood products, is bound by certain commitments to save the environment. The targets achieved by Resolute are a testimony to its noble endeavor and commitments.
Resolute currently carries a Zacks Rank #1 (Strong Buy). Other stocks worth a look in the paper products sector are Rock-Tenn Company and Clearwater Paper Corporation (CLW - Free Report) ; carrying a Zacks Rank #1 (Strong Buy) and a Zacks Rank #2 (Buy), respectively. Also, another stock in the consumer goods industry, Chiquita Brands International , carries a Zacks Rank #2 (Buy).