Business
International Paper on Improving Their Climate Impact
NORTHAMPTON, MA / ACCESSWIRE / April 20, 2023 / International Paper Company International Pape...
About this update from Imaginear Inc.
[{"type":"text","content":"International Paper on Improving Their Climate ImpactNORTHAMPTON, MA / ACCESSWIRE / April 20, 2023 / International Paper CompanyInternational Paper plays a significant role in responding to the global climate challenge, and our commitment to improve our climate impact is considerable in its potential.We have a track record of reducing our Scope 1 and Scope 2 GHG emissions at our operations. Now, with our Vision 2030 goal, we are also engaging across our value chain to track, report on and, ultimately, reduce our Scope 3 emissions.Addressing Scope 1 and 2 GHG EmissionsFor more than a decade, we have reported the carbon impact of our operations and our initiatives to reduce our Scope 1 and 2 GHG emissions. We reduced our GHG emissions by approximately 20% between 2010 and 2020, while cutting our use of coal and fuel oil in half. We know we have much more work to do.Today, approximately 70% of the energy we use in our mills is derived from carbon-neutral biomass residuals, with the remainder from purchased energy, including natural gas, electricity and steam from utilities, and smaller amounts of coal, fuel oil and other fuels.We are committed to making the capital investments necessary to substantially reduce Scope 1 GHG emissions in our facilities over the next decade. We are evaluating and pursuing investments in energy efficiency and fuel-switching for lower-carbon power generation in our operations. Additionally, our manufacturing technology experts continue to identify operational efficiency opportunities at facilities across our business and regions. These initiatives often result in both cost savings and GHG emission reductions by optimizing processes, upgrading equipment and advancing energy conservation measures.We also recognize the opportunities we have to reduce our Scope 2 GHG emissions through participation in renewable power development. We are exploring mechanisms such as virtual power purchase agreements, which support renewable energy suppliers and the \"greening\" of the electricity grid.We currently do not use carbon offsets in our GHG emissions reduction strategy. We are engaging with a number of strategic partners to advance our understanding of GHG emissions accounting via natural climate solutions, including the Greenhouse Gas Protocol's upcoming Land Sector and Removals Guidance and SBTi's Forest, Land and...