JACKSONVILLE, Florida, February 16, 2022–(BUSINESS WIRE)–Rayonier Advanced Materials Inc. (NYSE: RYAM, the “Company”) today announced the release of its 2021 Environmental, Social and Governance (ESG) Report. The report details the company’s accomplishments, progress and commitments with respect to its prudent management of considerable assets and valuable resources. In the report, the company communicates its goal of reducing Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 40% by 2030 compared to a base year of 2020. The information in the report are aligned with the TCFD, SASB and GRI frameworks.
“This report demonstrates the deep commitment of our entire team to responsible and sustainable growth and the creation of long-term value for our shareholders. Sustainability is central to our long-term strategy,” said Vito J. Consiglio, President and CEO of Rayonier Advanced Materials. . “For more than 95 years, RYAM has transformed the renewable into the remarkable, converting responsibly sourced renewable resources into remarkable materials that impart essential functionality, custom attributes and sustainability benefits to a wide range of end products used in world. We are well positioned to thrive in a world that increasingly values sustainable solutions.”
Highlights of the report include:
Safety focus and performance against key safety indicators
TCFD-aligned climate risk and opportunity assessment
SASB-aligned indicators for industry-specific sustainability categories
GHG reduction target – 40% reduction by 2030 compared to a base year of 2020
Sustainable fiber sourcing practices and certifications
Investments in innovation and our BioFuture
Employee engagement, diversity and inclusion initiatives
Projects to support our communities
Board oversight of ESG performance
“This report is a good reflection of the progress we’ve made in embedding sustainability more fully into our strategy and identity and delivering on our commitment to improving insights and setting targets,” said Ben Chambers, Chief Sustainability Officer. “As an organization, we have challenged ourselves with ambitious goals and aligned our operating, strategic planning and risk management processes with these goals.”
The report is available at https://rayonieram.com/sustainability-overview/2021-ESG-report/.
About Rayonier Advanced Materials
Rayonier Advanced Materials is a world leader in cellulose-based technologies, including high-purity cellulosic specialties, a natural polymer commonly found in filters, foods, pharmaceuticals and other industrial applications. The Company also manufactures products for the paperboard and high-yield pulp markets. With manufacturing operations in the United States, Canada and France, Rayonier Advanced Materials generated approximately $1.3 billion in revenue in 2020 and currently employs approximately 2,500 people. More information is available at www.rayonieram.com.
Certain statements contained herein regarding anticipated financial, business, legal or other results, including business and market conditions, outlook and other similar statements relating to Rayonier’s future or expected events, developments or financial or operating performance or results Advanced Materials, are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are identified by the use of words such as “may”, “will”, “should”, “expect”, “estimate”, “believe”, “intend”, “anticipate and other similar terms. However, the absence of such words or similar expressions does not mean that a statement is not forward-looking. While we believe these forward-looking statements are reasonable when made, forward-looking statements are not guarantees of future performance or events and undue reliance should not be placed on such statements. Although we believe that the expectations reflected in the forward-looking statements are based on reasonable assumptions, we cannot guarantee that these expectations will be achieved and it is possible that actual results differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties.
Other important factors that could cause actual results or events to differ materially from those expressed in any forward-looking statements that may have been made herein are or will be described in our filings with the Securities and Exchange Commission. United States, including our annual report. on Form 10-K and quarterly reports on Form 10-Q. Rayonier Advanced Materials assumes no obligation to update these statements except as required by law.
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