Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development. In early 2021, the company won two gold awards at the League of American Communications Professionals 2019/20 Vision Awards in both the Sustainability and ESG (environmental, social and governance) report categories. As a supplier of choice within the forest products industry, we focus on maximizing our contributions to the circular economy, reducing our carbon footprint, creating positive social impact, and bringing value to our operating communities.
Environmental Highlights1
Environmental Highlights
| Climate |
2021 Performance
(Absolute) |
2021 Performance
(Intensity) |
| Greenhouse gas (GHG) emissions – scope 1 |
1,114 thousands of mt CO2e |
415 kg CO2e/mt |
| GHG emissions – scope 2 |
414 thousands of mt CO2e |
154 kg CO2e/mt |
| GHG emissions – scope 3 |
3,547 thousands of mt CO2e |
1,321 kg CO2e/mt |
| Nitrogen oxide (NOx) emissions |
4.5 thousands of mt |
1.66 kg/mt |
| Sulfur dioxide (SO2) emissions |
3.0 thousands of mt |
1.13 kg/mt |
| Particulate emissions |
1.0 thousands of mt |
0.37 kg/mt |
| Energy |
2021 Performance
(Absolute) |
2021 Performance
(Intensity) |
| Total energy consumed (fuel and electricity) |
24,091 thousands of MWh /
86,727 GJ |
8.97 MWh/mt |
| Renewable energy used (fuel and electricity) |
78% of consumption /
18,690 thousands of MWh |
6.96 MWh/mt |
| Electricity used2 |
5,937 thousands of MWh |
2.21 MWh/mt |
| Self-generated electricity |
45% of electricity consumption /
2,646 thousands of MWh |
0.99 MWh/mt |
| Purchased electricity |
55% of electricity consumption /
3,625 thousands of MWh |
.43 MWh/mt |
| Fuel used – oil/diesel |
7.2 thousands of m3 |
0.0027 m3/mt |
| Water |
2021 Performance
(Absolute) |
2021 Performance
(Intensity) |
| Water withdrawn |
193,136 thousands of m3 |
71.92 m3/mt |
| Water treated and discharged |
187,342 thousands of m3 |
69.76 m3/mt |
| Water used |
5,794 thousands of m3 |
2.16 m3/mt |
| Water withdrawn from surface water sources |
99% |
N/A |
| Discharges to water – total suspended solids |
6.2 thousands of mt |
2.32 kg/mt |
| Biochemical oxygen demand (BOD5) of discharges |
4.7 thousands of mt |
1.74 kg/mt |
| Environment Management |
2021 Performance
(Absolute) |
2021 Performance
(Intensity) |
| Total waste |
409.9 thousands of mt |
152.64 kg/mt |
| Waste used for beneficial use3 |
292.8 thousands of mt |
108.81 kg/mt |
| Waste sent to landfills |
117.7 thousands of mt |
43.83 kg/mt |
| Class 1 and 2 environmental incidents |
12 |
N/A |
| Significant spills |
0 |
N/A |
| Significant environmental fines |
0 |
N/A |
| Total sites |
44 |
N/A |
| ISO 14001-certified sites |
40 |
N/A |
| Forest Management |
2021 Performance
(Absolute) |
2021 Performance
(Intensity) |
| Forest management (FM) certification |
100% |
N/A |
| SFI® FM certification |
50,244,433 acres (100%) |
N/A |
| FSC® FM certification |
13,063,553 acres (26%) |
N/A |
| Area of forestland with protected conservation status |
Protected Areas |
N/A |
| Area of forestland in endangered species habitat |
Conservation and Biodiversity |
N/A |
| Area of forestland in Indigenous land |
Indigenous Collaborations |
N/A |
| Aggregate standing timber inventory4 |
1,250,000,000 m3 |
N/A |
| Production |
2021 Performance
(Absolute) |
2021 Performance
(Intensity) |
| Timber harvest volume |
9,503,691 m3 |
N/A |
| Total fiber sourced for pulp, paper and tissue mills |
3,938,021 admt |
N/A |
| Amount of recycled and recovered fiber procured |
199,524 mt |
N/A |
| Total pulp production |
1,134,000 mt |
N/A |
| Total paper production |
1,467,000 mt |
N/A |
| Total wood products production5 |
2,138,000,000 bf |
N/A |
- Environmental data is for pulp, paper and tissue mills only, except for forest management-related information, as well as environmental incidents and ISO 14001 certification, which include all operations.
- Represents purchased electricity, minus actual external sales of electricity produced from cogeneration facilities.
- Includes waste used beneficially, such as recycling and land spreading, as well as on-site energy recovery
- Based on 50,244,433 acres of forestland.
- Does not include remanufactured wood, engineered wood and wood pellets.
Social Highlights
Social Highlights
| Health & Safety |
2021 Performance |
| Lost time incident rate1 |
0.16 |
| OSHA recordable incident rate |
0.47 |
| OSHA severity rate |
21.6 |
| Occupational disability rate |
0.1% |
| Absenteeism rate |
6.0% |
| Fatalities – employees |
0 |
| Fatalities – contractors |
0 |
| Fatalities – total |
0 |
| Human Resources |
2021 Performance |
| Employees |
7,055 |
| Hires |
1,490 |
| Women in workforce |
13.2% |
| Women hiring rate |
15.2% |
| Women in management roles |
18.5% |
| Women in executive roles2 |
22.2% |
| Voluntary employee turnover |
13.9% |
| Involuntary employee turnover3 |
4.7% |
| Employees unionized |
59.1% |
| Employee eligibility for participation in retirement plans |
100% |
| Employee participation in retirement plans |
92.6% |
| Sustainability metrics for incentive pay |
Yes, STIP |
| Paid sick leave |
Yes |
| Retirement contributions |
Yes |
| Community Engagement and Impact |
2021 Performance |
| Indigenous partnerships and consultative relationships |
36 |
| Direct economic impact |
$3,664,000,000 |
| Payments to governments4 |
$27,910,829 |
| Community contributions (donations, sponsorships, etc.) |
$1,369,919 |
| Indirect employment impact5 |
22,929 |
| Customers and Suppliers |
2021 Performance |
| Customer satisfaction6
|
94.6%
|
| Customer requests – sustainability and product stewardship
|
166
|
| Third-party fiber tracking systems7
|
100%
|
| Fiber processed with minimum due diligence requirements 7
|
100%
|
| Fiber purchased from external sources
|
51.0%
|
- The lost time incident rate is calculated by multiplying the number of incidents that were lost time cases by 200,000, divided by total number of hours worked.
- Employees who left the organization due to dismissal, retirement or death in service.
- Effective January 1, 2022
- Includes corporate income taxes; franchise tax; property and school taxes; and
non-recoverable sales taxes.
Excludes payroll taxes; and countervailing and antidumping duties.
- Research by the Economic Policy Institute indicates that for every 100 jobs in the paper industry, 325 additional jobs are supported in supplier industries and in local communities due to the re-spending of wages.
- Customer satisfaction is measured using quality and service key performance indicators (KPI). Including the percentage of root cause problem elimination cases initiated and closed; excludes wood products.
- Effective March 2022.
Governance Highlights
Governance Highlights
| Shareholders |
2021 Performance |
| Classes of shares and voting |
Common, 1 share = 1 vote |
| Shareholders with 10% + |
Fairfax Financial Holdings Limited |
| Annual say on pay |
99% approval rate in 2021 |
| Shareholder rights plan/poison pill |
No |
| Proxy access for shareholder proposals |
Yes |
| Questions in advance of AGM |
Yes |
| Majority voting and resignation policy |
Yes |
| Board of directors |
2021 Performance |
| Number of directors |
8 |
| Independent directors |
75% |
| Gender diversity |
25% women |
| Diversity policy |
Minimum 25% of each gender (men and women) |
| Chair |
Independent |
| Committees1 |
Audit, HRCNG, EHS, Finance (4) |
| Independance of committees |
All members of HRCNG & Audit independant as per NYSE standards |
| Average tenure |
6.6 years |
| Average age |
63 years |
| Term limits |
<15 years and 75 years old, except special circumstances |
| Number of meetings in previous year |
10 |
| Average attendance |
100% |
| Ethics |
2021 Performance |
| Code of business conduct |
Yes: annual compliance and training |
| New employees trained on Code of Business Conduct |
100% |
| Ethics reporting policy with hotline and whistleblower protection |
Yes |
| Related persons policy |
Yes |
| Insider trading policy |
Yes |
| Anti-hedging and anti-pledging |
Yes |
| Recoupement policy |
Yes |
| Compensation |
2021 Performance |
| Annual reviews |
Benchmarking by HRCNG against peers |
| CEO variable compensation |
76.5% |
| CEO performance based compensation |
60.0% |
| ESG metric pay incentives |
Environmental and health & safety incidents as well as GHG remission reductions |
| Stock ownership guidelines |
CEO 4.5x salary, other NEOs 2.5x |
| CEO severance |
2x |
| CEO change in control payments |
Double trigger, 2.5x |
| CEO pay ratio |
38 to 1 |
| ESG Reporting
|
2021 Performance |
| Board and executive team members trained on ESG 3 |
94% |
| Number of material issues (shared priorities) |
24 |
| Number of high priority material issues |
14 |
| GRI Standards |
Yes, Core |
| SASB Standards |
Yes, pulp & paper and forestry management |
| UNSDGs |
Yes, eight SDGs |
| CDP |
A- on Forests, B on Climate, B on Water Security |
| MSCI |
BB |
| Sustainalytics |
21.8 |
- Committees include: audit; human resources and compensation/nominating and governance (HRCNG); environment, health & safety (EHS); and finance.
- The Code includes provisions on legal compliance, conflicts of interest, anti-bribery and corruption, fair dealing with third parties, appropriate workplace behavior, protection of intellectual property, security and cybersecurity.
- Effective March 2022.