Tuesday, September 23, 2014
Richard Garneau, President and Chief Executive Officer of Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP), has been named to Canada’s Clean50, recognizing leaders who have made the greatest contributions to sustainable development or clean capitalism in Canada.
“This designation represents an important endorsement of Resolute’s approach to our business and sustainability strategies, which are directly linked and interdependent,” said Richard Garneau. “Sustainability principles and objectives are reflected in our vision, corporate values and the way we do business across the Company every day.”
Canada’s Clean50 are awarded annually by Delta Management Group. The awards recognize 50 individuals or small teams, in 16 different categories; Mr. Garneau has been chosen for the manufacturing and transportation sector.
Resolute’s notable sustainability accomplishments include:
Achieving 99.4% of its commitment to reduce carbon emissions by 65% below 2000 levels, an industry-leading goal one year ahead of schedule and the equivalent of taking 1.62 million cars off the road annually.
Making significant investments in conservation measures and fuel switching, including elimination of on-site coal use.
Maintaining a leadership position in sustainable forest management and in the engagement of communities and First Nations. In 2013, the Company’s Opitciwan joint-venture sawmill won the prestigious national Aboriginal Forest Products Business Leadership Award.
Significantly improving safety performance over the past several years, reaching world-class levels.
Enhancing energy efficiency and investing in clean energy at its operations, reflected in the Company’s ramp-up of four power generation assets within the past year, among which is a C$65 million cogeneration facility in Thunder Bay (Ontario).
Achieving complete transparency of sustainability reporting by using the platinum Global Reporting Initiative (GRI) standard.
“I am proud of the sustainability goals Resolute and our employees have achieved to date,” concluded Richard Garneau. “Carefully balancing environmental, social and economic priorities strengthens our competitiveness, making Resolute a supplier of choice for our customers, and an engaged civic partner in the communities in which we live and work.”