Approach to Sustainability Reporting
Since 2008, Resolute has tracked and reported on a range of environmental, economic and social performance indicators, which are externally validated. Our sustainability reports are posted online for public review in the Publications section of our website, including three reports prepared in accordance with the Global Reporting Initiative’s (GRI) guidelines for sustainability reporting in 2010, 2011 and 2012. Our 2012-2016 annual
reports feature substantial sustainability content and are also available in
the Publications section of the website.
Following a thorough review of stakeholder needs and industry best practices, in 2015 we restructured the sustainability section of our website to include detailed content and associated references prepared in accordance with the GRI G4 framework. We are among the first in our industry globally to report under this gold standard, reinforcing our position as a sustainability leader.
Moving to web-based GRI-compliant sustainability reporting provides information that is easier to update and more accessible for all of our stakeholders. In addition, like many of our peers, we have moved to a biannual GRI reporting cycle. We will produce and file a GRI content index every two years that covers all relevant environmental, social and economic data from the previous three years.
We will continue to report on issues of high importance to our stakeholders, share progress on public commitments and cover a wide variety of other pertinent environmental, social and economic considerations in the sustainability section of our annual report. Because we have deliberately developed our business and sustainability strategies to be interdependent, it follows that we should combine our financial and sustainability results in one annual report.
The Global Reporting Initiative Sustainability Reporting Framework
The disclosures published on this website and the associated GRI content index have been prepared in accordance with the G4 sustainability reporting procedures defined by the Global Reporting Initiative (GRI). Our reporting corresponds to the ‘Core’ level in the G4’s reporting standards, which includes the required general standard disclosures, as well as generic management disclosures and at least one indicator related to each material aspect.
Boundary and Presentation of Data
Based primarily on material issues identified by our stakeholders, Resolute developed a sustainability strategy to guide our sustainability activities and initiatives as well as the identification of our public commitments. We are committed to continuing our clear reporting process, linking our indicators to material issues identified by stakeholders, and sharing disclosures that address the concerns and interests of various groups.
The GRI provides a robust framework to support our clear reporting processes, binding the indicators we measure to material issues identified by stakeholders so that our outputs address the concerns and interests of diverse audiences. The latest GRI guidelines (G4) raise the bar, encouraging Resolute to disclose increasingly detailed information on management approaches and evaluation mechanisms for all material aspects. These new disclosures build on a solid disclosure record over the past several years, marked by accurate time-series data and authentic discussions of complex issues facing the forest products industry and those specific to our company.
Performance data is collected for the calendar year and covers all operations where Resolute has a controlling interest. Unconsolidated entities in which we have non-controlling interests are excluded (as detailed in the financial statements of our 2016 Form 10-K), pages 4-6. Any exceptions to this rule are clearly identified where they occur. Where appropriate, we report using similar indicators from year to year in order to facilitate comparison, as well as data expressed in relation to metric tons of production for a given year to illustrate variation in intensity. All dollar values are expressed in U.S. currency, unless otherwise indicated. The most recent sustainability performance data being reported is for the 2015 calendar year.
Our sustainability committee plays an important role in seeing that material issues continue to underpin Resolute’s sustainability strategy. The committee, which meets regularly to report on performance, also discusses sustainability priorities as identified by a number of internal and external stakeholders. The priorities evolve and change as public opinion and stakeholder concerns shift, and as our company achieves significant milestones and identifies other important targets.
Assurance and Data Measurement Techniques
We gather company-wide and mill-by-mill statistical data (e.g., energy, water, waste, greenhouse gas (GHG) and air emission levels, safety performance) via datasheets. This data is compiled by our mill environmental managers before being centralized and analyzed by relevant corporate departments. Data parameters and calculation methods are established according to a combination of international, government, industry and company standards and protocols.
Other information on company practices, management approaches and evaluation mechanisms has been obtained through interviews with subject matter experts within the company who provide supporting documentation such as official policies, internal memos and access to their data management systems.
The data and detailed qualitative information disclosed through this website as part of Resolute’s sustainability reporting, in accordance with the GRI’s G4 framework, has been collected using rigorous procedures across several levels of the organization, from operations to the board of directors. The subject matter experts who provided this data are all able to explain the processes by which they collect, aggregate and analyze information for each indicator to support accurate, reliable reporting.
There is an extensive system of checks and balances within and between departments to verify accuracy in performance data and qualitative descriptions. Content is reviewed by senior managers and continuously checked against past publications and internal reports. Our data collection process requires explanation of any deviations from previous performance and detailed descriptions of the methods, techniques and constants used to provide accurate calculations and interpretations.
Another important step in the reporting process is presenting high-level information on material issues, public commitments and yearly performance to the sustainability committee. This forum receives clear explanations from subject matter experts on their reasoning, reporting and next steps and also provides an opportunity for feedback from a group of individuals with diverse professional backgrounds and positions within the company. The questions that emerge from these discussions, the potential collaborations that are proposed, and the synergies identified have led to productive partnerships and planning exercises between departments that help us achieve our ambitious commitments and reporting accuracy.
We retained Enviro-access Inc. to perform an external audit of our scope 1 and 2 GHG emissions inventory for 2015.1
As specified by the GRI principles, which determine reporting content and quality, this website will contain information on general policies and performance as well as detailed data on aspects and issues identified by stakeholders as material issues. This website layout will be designed to provide access to that information for the broadest possible audience through clearly explained content, well-organized sections, and links to additional information, as appropriate.
The GRI index will enable all users to access precisely the information that corresponds to their interest to serve our diverse, international stakeholder base.
1 Scope 1 GHG emissions are greenhouse gas emissions that come from sources owned or controlled by the company, such as the combustion of fuel at mills to generate heat to dry paper or generate electricity. Scope 2 GHG emissions are greenhouse gas emissions that result from company activities occurring at sources owned or controlled by third parties and are associated with the production of purchased electricity or steam. Scope 2 emissions physically occur at the facility where electricity or steam is generated.