Page 11 | RPIA SUSTAINABILITY REPORT 2024
SUSTAINABILITY
OVERVIEW
ESG INTEGRATION
CULTURE & VALUES
Carbon Offset Purchases: A Commitment to Sustainability
As part of our commitment to reducing our environmental impact, we have taken an important step toward offsetting the carbon emissions generated by our operations through the purchase of carbon offsets. Carbon offsets allow us to neutralize the emissions we cannot eliminate directly by investing in projects that prevent or remove greenhouse gases from the atmosphere.
In 2024, we supported two impactful carbon offset projects:
1. The Great Bear Forest Carbon Project in British Columbia protects vital temperate rainforests and supports Indigenous communities and generates up to 1,000,000 tCO2e in credits per year over its 25-year lifespan. 2. The Northwood Pulp #1 Recovery Boiler Project reduces emissions by improving energy efficiency in a lumber mill and is responsible for an estimated emissions reduction of more than 19,000 tonnes of carbon dioxide equivalent (tCO2e) annually. These projects contribute to carbon sequestration, energy efficiency, and the preservation of critical ecosystems. This purchase has helped offset the CO2 equivalent of the annual emissions of 27.3 gasoline- powered passenger vehicles driver for a year. 2 Beyond environmental benefits, these projects also create jobs, support local economies, and promote biodiversity conservation. Looking ahead, we are committed to continuing our investment in carbon offsets as part of our broader sustainability strategy. We believe that every step counts in combating climate change, and we are proud to play our part in fostering a more sustainable future.
2 U.S. Environmental Protection Agency. (n.d.). Greenhouse gas equivalencies calculator. Retrieved March 18, 2025, from https://www.epa.gov/ energy/greenhouse-gas-equivalencies-calculator#results.
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