Domtar Shares Approach, Outlook on ESG Issues At MX.0 Southeast Event Fort Mill, South Carolina based Domtar, a part of the Paper Excellence group of companies, announced its appear- ance at the 3rd MX.0 Southeast Event where it shared its approach and outlook on Environmental, Social and Gov- ernance (ESG) issues. Paige Goff, Domtar’s Vice President of Sustainability, spoke to business leaders at the June event which fo- cused on data-driven, resilient and sustainable manufac- turing. When people talk about costs as a barrier to being more sustainable, Goff counters that it’s more expensive to do nothing. “There is an initial investment, but it pays off in the long run,” she says. “Our customers expect us to do the right thing and be responsible stewards of the environment. Our reputational risk is their reputational risk.” Similarly, she says, an effective ESG approach is import- ant for recruiting and retaining talent. The E in ESG gets the most attention, with the emphasis on environmental responsibility and care for natural resources. It’s an area where Domtar has been a leader, particularly in forestry. But the G also plays a crucial role in Domtar’s ESG ap- proach. Governance is how Domtar connects the dots from senior leadership to the frontlines of manufacturing, Goff says. Their ESG committee includes leaders from
across the organization with a diverse collection of roles and responsibilities. To lead efforts on the company’s six sustainability prior- ities, Domtar created working groups with subject matter experts in each area. These groups focus on putting into practice the improvements that will advance Domtar in water, waste, emissions, fiber sourcing, safety, community engagement, and diversity and inclusion. “Though carbon is the ‘it’ word right now,” Goff says, “We have long been focused on the bigger picture. Our ESG committee is deliberate about our environmental stewardship in a broad range of areas, including water management, responsible fiber procurement, transporta- tion and more. “These really take our efforts beyond just carbon and emissions — though that’s important — to see how we can improve in a number of areas. “Our social responsibility is important to us. We have a legacy of being a good neighbor in our communities, long before ESG was its name. We continue to invest in the places where we operate so that our employees and our communities will thrive together.” Domtar makes products that people around the world rely on every day. The company designs, manufactures, markets and distributes a wide variety of communication, specialty and packaging papers, market pulp and airlaid nonwovens.For more information on Domtar, its products and its initiatives, visit domtar.com .
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www.boardconvertingnews.com
July 17, 2023
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