Clearwater Paper Announces Science Based Targets Initiative Validation for Climate Targets
May 08 2023 - 4:31PM
Business Wire
Clearwater Paper Corporation (NYSE: CLW) announced today
that the Science Based Target initiative (SBTi) has validated the
company’s climate targets. These targets include reducing absolute
Scope 1 and 2 greenhouse gas (GHG) emissions by 29.1 percent and
absolute Scope 3 GHG emissions by 25 percent by 2030. The Science
Based Targets initiative (SBTi) is a global body enabling
businesses to set ambitious emissions reductions targets in line
with the latest climate science. SBTi is focused on accelerating
companies worldwide to halve emissions before 2030 and achieve
net-zero emissions before 2050.
“By setting science-based targets, we are committing to taking
steps to reduce our greenhouse gas emissions, which is crucial to
mitigating the impacts of climate change,” said Steve Bowden,
senior vice president and general manager of the pulp and
paperboard division. “The SBTi goal-setting process helps to
strengthen and unify our company’s overall commitment to reduce
greenhouse gas (GHG) emissions, while SBTi’s validation of our
goals gives our employees, customers, and communities confidence
that we are being good stewards of our natural resources.”
The initiative is a collaboration between the Carbon Disclosure
Process (CDP), the United Nations Global Compact, World Resources
Institute (WRI), the World Wide Fund for Nature (WWF), and one of
the We Mean Business Coalition commitments. The SBTi defines and
promotes best practices in science-based target setting, offers
resources and guidance to reduce barriers to adoption, and
independently assesses and approves companies’ targets.
About Clearwater Paper
Clearwater Paper is a premier supplier of private brand tissue
to major retailers, including grocery, club, mass merchants, and
discount stores. In addition, the company produces bleached
paperboard used by quality-conscious printers and packaging
converters, and offers services that include custom sheeting,
slitting, and cutting. Clearwater Paper's employees build
shareholder value by developing strong relationships through
quality and service.
For additional information on Clearwater
Paper, please visit our website at www.clearwaterpaper.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230508005698/en/
Investors contact: Sloan Bohlen Solebury Strategic
Communications 509-344-5906 investorinfo@clearwaterpaper.com Media
contact: Julia Angelen Joy Clearwater Paper Corporation
509-344-5978 julia.joy@clearwaterpaper.com
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