International Paper Co Stock Price, News & Analysis

International Paper (IP) has announced a $15.3 million investment to renew strategic alliances with key conservation partners, including the American Forest Foundation, National Fish and Wildlife Foundation, The Nature Conservancy, and World Wildlife Fund. This investment supports IP's Vision 2030 goal to conserve and restore 1 million acres of ecologically significant forestland.

Key initiatives include:

• Expansion of the Family Forest Carbon Program in Central Appalachia and the Southeastern U.S.
• Extension of the Forestland Stewards Partnership, which has already conserved 1.6 million acres of southern forestlands
• Advancement of sustainable forestry practices in the U.S. and Mexico
• Support for the WWF's Forests Forward program, addressing issues like heirs' property preservation

These partnerships aim to enhance sustainability across IP's value chain, scale impact, and drive positive change for people and the planet.

International Paper (IP) received the American Forest & Paper Association's Leadership in Sustainability Award for Resilient U.S. Forests in 2023. The award recognizes IP's partnership with the American Bird Conservancy to promote forest bird awareness and conservation within the forest product supply chain. A key focus is the Swallow-tailed Kite, with nine birds fitted with radio transmitters since 2021 to track their movements and habitat needs.

IP's commitment to sustainable forest management is underpinned by certifications from FSC®, PEFC™, and SFI®. The company's Certified Forest Management has become the largest privately run group of certified landowners in the U.S., enrolling 920,769 acres across 11 states since 2012.

International Paper (NYSE:IP) has announced a significant leadership change, appointing Tom Hamic to the newly created role of Executive Vice President and President of North American Packaging Solutions, effective September 1. Hamic, who joined the company in 1991, will lead the Container and Containerboard businesses in North America, reporting directly to CEO Andy Silvernail.

Hamic's extensive experience includes various roles in sales, marketing, finance, strategic planning, and leadership across the United States and Europe. He was named a company officer in 2009 and elected senior vice president in 2019. His most recent position was senior vice president and general manager of North American Container and Chief Commercial Officer.

International Paper demonstrates its commitment to responsible fiber procurement through its Global Fiber Procurement Policy and innovative practices. Key highlights include:

1. A diverse Fiber Supply Team of over 225 professionals ensuring responsible sourcing.
2. The ForSite™ mapping platform for transparency and risk mitigation.
3. Chain-of-custody certification at all mills, including FSC® and SFI® standards.
4. One of the largest private landowner assistance programs for FSC® Forest Management Certification in the U.S.
5. Extensive fiber supply network connecting forest conservation partners with private landowners.

ForSite™ uses GIS technology to guide procurement decisions, identifying 23M acres for pre-harvest due diligence and improving over 3,145 acres since 2020. This tool helps protect rare species and habitats while allowing landowners to meet management objectives.

International Paper (NYSE:IP) has announced that Tom Plath, Senior Vice President of Human Resources and Corporate Affairs, will leave the company at the end of 2024. Plath has been with IP for 33 years, serving in various roles including HR, operations, marketing, and general management. He became an officer in 2013 and was elected senior vice president in 2017.

Plath's current responsibilities, which include human resources, aviation, real estate, communications, sustainability, and government relations, will be reassigned immediately. He will serve in an advisory capacity through the end of the year to ensure a smooth transition. No replacement has been appointed yet.

International Paper's CEO, Andy Silvernail, is set to speak at the Jefferies 2024 Industrials Conference on September 4, 2024. The presentation will begin at 8:05 a.m. eastern time, followed by a Q&A session. Interested parties can access the webcast through the company's website under the Investors tab and Events & Presentations page.

A replay of the webcast will be available approximately three hours after the presentation. This event provides an opportunity for investors and analysts to gain insights into International Paper's strategies and performance directly from its top executive.

International Paper has established a comprehensive ESG governance structure to oversee and guide its sustainability commitments. The Board of Directors, through specialized committees, oversees various aspects of ESG strategy and performance. Key committees include:

- Public Policy and Environment Committee (PPE): Oversees environmental topics, public policy, legal, and health and safety issues.
- Audit and Finance Committee (A&F): Reviews processes for external reporting.
- Management Development and Compensation Committee (MDCC): Approves CEO stewardship objectives and evaluates performance.

At the management level, the CEO and Senior Leadership Team are responsible for corporate sustainability strategy. The company has established various councils and teams to implement Vision 2030 goals. The Chief Sustainability Officer leads the Sustainability Team, coordinating activities across the company.

International Paper considers ESG performance in its incentive plans, including metrics for Health & Safety, Environment & Sustainability, Human Capital & Culture, Governance, and Diversity & Inclusion. The company engages with diverse stakeholders to gain insights and guide its sustainability efforts.

International Paper (IP) has announced a $15.3 million investment to renew strategic alliances with key conservation partners, including the American Forest Foundation, National Fish and Wildlife Foundation, The Nature Conservancy, and World Wildlife Fund. This investment supports IP's Vision 2030 goal to conserve and restore 1 million acres of ecologically significant forestland.

Key initiatives include:

• Expanding the Family Forest Carbon Program in the Central Appalachian area and Southeastern U.S.
• Extending the Forestland Stewards Partnership with a $10 million commitment over five years
• Advancing sustainable forestry practices in the U.S. and Mexico
• Supporting the preservation of heirs' property in the Mobile Basin of Mississippi and Alabama

International Paper's 2023 Sustainability Report highlights the company's commitment to a robust and diverse supplier network. With over 30,000 suppliers, IP emphasizes ethical conduct and sustainability, incorporating its Third Party Code of Conduct into contractual agreements. In 2023, 87% of IP's spend was covered by this code or similar standards. The company's Supplier Diversity program focuses on developing and promoting diverse businesses, aiming to improve the lives of 100 million people in their operational areas. IP classifies diverse suppliers based on ownership categories including minority-owned, woman-owned, and veteran-owned enterprises. This approach not only meets stakeholder needs but also fosters innovation and supports equitable community development.