International Paper Co Stock Price, News & Analysis

International Paper has reaffirmed its commitment to tackling the global climate challenge through significant initiatives aimed at reducing greenhouse gas (GHG) emissions. The company has achieved approximately 20% reduction in Scope 1 and 2 GHG emissions since 2010, with about 70% of energy from carbon-neutral biomass. As part of its Vision 2030 goal, International Paper is now focusing on understanding and reducing its Scope 3 emissions, which encompasses the entire value chain. The company is exploring renewable energy options and is involved with the US Department of Energy's Better Climate Challenge to advance its sustainability goals. With net sales of $19.4 billion in 2021, International Paper aims to align its emissions reduction targets with the Paris Climate Agreement.

International Paper's Recycling team in Central Virginia recently volunteered with FeedMore, a hunger relief organization. General managers and sales representatives participated in preparing meals for local children. The Bayard Community Kitchen serves around 4,000 meals daily, supporting programs like Kids Cafe and Meals on Wheels. Danny Peck, plant general manager, highlighted the team's community service in addressing food insecurity in the area. International Paper, listed on the NYSE as IP, is a major supplier of renewable fiber-based products, with net sales of $19.4 billion in 2021. The company operates in North America, Latin America, North Africa, and Europe, employing approximately 38,000 colleagues globally.

International Paper announced its support for the Family Forest Carbon Program, enabling family forest owners to access climate finance from carbon markets, helping mitigate climate change while generating income. This program, developed in collaboration with the American Forest Foundation and The Nature Conservancy, focuses on family forest landowners who manage nearly 40% of U.S. forestlands.

In 2022, the program expanded to enroll an additional 248 landowners across 36,302 acres, bringing total enrollment to 313 landowners managing 46,088 acres, projected to sequester 987,000 tonnes of CO2. The initiative aims to enroll an additional 95,000 acres in 2023 and will also launch activities in the U.S. Southeast, focusing on afforestation and improved management of native pine species.

International Paper Company announced significant achievements in sustainability and packaging innovation. Their OneBox wine-shipping container won the 2021 French Packaging Innovation Award, recognized for its superior protection and sustainability. A collaboration with OHMEGA and Touchcode enables connected packaging that enhances customer experiences while providing security against counterfeiting. The company is advancing fiber innovations with its Matrix portfolio, designed to improve the durability of concrete applications. In the recycling sector, their Madrid Mill collects around 12,000 metric tons of waste fiber monthly, contributing to a circular economy and winning sustainability awards. Furthermore, a partnership with Colgate Palmolive reduced greenhouse gas emissions by 20,990 kilograms annually through a closed-loop packaging system.

International Paper announces its partnership with the National Fish and Wildlife Foundation to mark Gopher Tortoise Day, highlighting efforts to conserve gopher tortoise populations and longleaf pine habitat. Established in 2013, the Forestland Stewards Partnership provides grants to restore these ecosystems. The organization collaborates with various stakeholders, including The Longleaf Alliance, to enhance survival rates of gopher tortoises through a 'head-starting' technique involving captive rearing of hatchlings. This initiative addresses the severe decline in gopher tortoise populations, which are federally listed as threatened. The program is essential as over 80% of potential tortoise habitats are privately owned, necessitating landowner involvement in conservation efforts.

International Paper Company recently highlighted its Women in IP Employee Networking Circle, emphasizing the importance of confidence during Women's History Month. The initiative includes a video featuring co-chairs Edie McCants Trice and Rae Kestrel discussing insights with Aimee Gregg, Senior Vice President of Supply Chain and IT. International Paper, a leader in renewable fiber-based products, generated $19.4 billion in net sales in 2021 and employs around 38,000 individuals globally. The company specializes in producing corrugated packaging and pulp for consumer goods, contributing to health and wellness. International Paper maintains a global presence with operations across multiple continents, serving diverse customers worldwide.

International Paper Company has mobilized its resources to support underserved communities through four key areas: education, hunger, health and wellness, and disaster relief. By 2030, the company aims to improve the lives of 100 million people. In 2021, it donated over $23.3 million and reached 13.6 million individuals worldwide. Despite pandemic challenges, employees contributed approximately 13,500 volunteer hours across 32 U.S. states and eight countries. International Paper continues to partner with various agencies to address critical community needs, thereby reinforcing its commitment to corporate social responsibility.

International Paper highlights Alex Singleton, Fiber Supply Manager at the Rome, Ga. Containerboard Mill, featured in a new guide by Project Learning Tree. This guide, titled Black Faces in Green Spaces, showcases 22 Black professionals in the forest and conservation sector, aiming to enhance opportunities for Black Americans within this field.

Since August 2021, organizations like MANRRS and SFI have committed to improving career prospects for minorities. The guide includes Singleton's personal journey and advice for future generations. Digital access to the guide is available for free, promoting diversity and career awareness in forestry.

International Paper (IP) has been recognized for the sixth consecutive year as a top company for women, diversity, and millennials by the Women's Choice Award. This accolade highlights International Paper’s commitment to creating an inclusive workplace that values safety, ethics, and stewardship. Criteria for this recognition include female representation at all organizational levels, work-life balance, maternity support, and professional development opportunities. With net sales of $21.2 billion in 2022, the company's diverse workforce and dedication to improving workplace culture boost its competitiveness.