Board Converting News, March 14, 2022

IP Joins U.S. Dept. Of Energy Better Climate Challenge

support its efforts with technical assistance, peer-to-peer learning opportunities, and a platform for the organization to demonstrate its commitment to being part of the solu- tion to climate change. “Better Climate Challenge partners like International Pa- per are committing to decarbonize across their portfolio of buildings, plants, and fleets and share effective strategies to transition our economy to clean energy,” said U.S. Sec- retary of Energy Jennifer M. Granholm. “Their leadership and innovation are crucial in our collective fight against climate change while strengthening the U.S. economy.” The Better Climate Challenge is the government plat- form that provides transparency, accountability, technical assistance, and collaboration to identify decarbonization pathways and provide recognition for leadership across the U.S. economy. The U.S. Department of Energy (DOE) is challenging organizations to set ambitious, portfolio-wide GHG emission reduction goals. This new effort provides additional opportunities for peer exchange and technical assistance to meet the urgent call to mitigate the impacts of climate change. Through the Better Climate Challenge, organizations can partner with DOE to reduce portfolio-wide GHG emis- sions (scope 1 & 2) by at least 50 percent within 10 years. DOE will provide technical assistance and opportunities to learn and share actionable best practices for carbon re- duction. Visit betterbuildingssolutioncenter.energy.gov. .

The U.S. Department of Energy (DOE) recognized Mem- phis, Tennessee based International Paper (IP) for com- mitting to reduce GHG emissions by 35 percent by 2030, aligned with the best available climate science, and to work with DOE to share successful solutions and decar- bonization strategies. As a partner in DOE’s Better Climate Challenge, International Paper is one of more than 80 or- ganizations across the U.S. economy that are stepping up to the Challenge and driving real-world action toward a low-carbon future. “We are committed to advancing a clean energy transi- tion and leading the growth of the circular economy,” said Sophie Beckham, Chief Sustainability Officer, International Paper. “Our partnership with DOE’s Better Climate Chal- lenge is just one example of how we are acting on our commitment to promote climate action beyond our own footprint and outside our four walls, to include people, communities and partner organizations with whom we can work together to create a low-carbon future.” Improving its operational footprint is a core tenant of International Paper’s Vision 2030 which includes robust targets that demonstrate a commitment to building a bet- ter future for people, the planet and the company. As International Paper undertakes this challenge, DOE will

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March 14, 2022

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