Rayonier Advanced Materials Inc. announced the publication of its 2023 Sustainability Report, which outlines the Company’s progress in driving innovation, environmental stewardship, corporate social responsibility, and governance efforts. The report highlights RYAM’s continued commitment to sustainable growth, as well as its dedication to operational excellence and community engagement.
Key highlights from the 2023 report include:
Greenhouse Gas Emission Reductions: RYAM is on track to meet its 2030 goal of reducing combined Scope 1 and 2 greenhouse gas emissions by 40% from its 2020 baseline. Leveraging sustainable products and circular processes, RYAM sourced nearly 78% of the energy consumed in its global operations from renewable resources.
Building on Social Initiatives: Building on a long-standing commitment to social responsibility, in 2023, RYAM broadened initiatives around employee engagement, diversity and inclusion, community investment, and workforce development
Innovation in Biomaterials: The Company remains focused on continued expansion of its Biomaterials growth strategy, highlighted by the successful launch of its Tartas, France, 2G Bioethanol facility.
Climate Scenario Analysis: In alignment with the Task Force on Climate-Related Financial Disclosures (TCFD) and other global standards, detailed data and findings from the Company’s recently conducted climate scenario analysis are disclosed, along with associated risks, opportunities, and resilience planning.
“The release of our 2023 Sustainability Report underscores RYAM’s commitment to delivering innovative, sustainable solutions to our customers while fostering a positive impact on our employees and communities. We are proud of the progress we’ve made and will continue to drive initiatives that support the transition to a more sustainable future,” said De Lyle Bloomquist, President and CEO of RYAM.
RYAM's 2023 Sustainability Report is available at www.RYAM.com/sustainability. To further discuss the report, Ben Chambers, RYAM’s Director of Sustainability, will join a Fireside Chat hosted by coverage analyst Dmitry Silversteyn of Water Tower Research on November 13th at 11:00 AM EST. Registration for the event is available on www.RYAM.com or through the following link.
