ESG Performance by the Numbers

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.

Our approach to ESG is highlighted in the three leaflets available for download below. A comprehensive data-driven summary of our 2020 ESG metrics is also outlined in the three tables on this page.

ESG at Resolute

Thorough, high-level synopsis of the company's sustainability strategy and ESG performance

ESG by the Numbers

Comprehensive data-driven summary based on the Value Reporting Foundation’s Sustainable Accounting Standards Board (SASB) requirements for forestry management and pulp & paper products as well as select global ESG rating systems

Public Commitments

Detailed look at our commitment to continuous improvement and transparency, highlighting our 2021 sustainability targets and 2020 performance

Environmental Highlights1

Environmental Highlights
Climate 2020 Performance
2020 Performance
Greenhouse gas (GHG) emissions – scope 1 1,106 thousands of mt CO2e 395 kg CO2e/mt
GHG emissions – scope 2 579 thousands of mt CO2e 137 kg CO2e/mt
GHG emissions – scope 3 3,017 thousands of mt CO2e 1,078 kg CO2e/mt
Nitrogen oxide (NOx) emissions 4.8 thousands of mt 1.70 kg/mt
Sulfur dioxide (SO2) emissions 2.6 thousands of mt 0.93 kg/mt
Particulate emissions 1.6 thousands of mt 0.55 kg/mt
Energy 2020 Performance
2020 Performance
Total energy consumed (fuel and electricity) 25,340 thousands of MWh /
91,260 GJ
9.03 MWh/mt
Renewable energy used (fuel and electricity) 75% of consumption /
18,895 thousands of MWh
6.76 MWh/mt
Electricity used2 6,289 thousands of MWh 2.26 MWh/mt
Self-generated electricity 44% of electricity consumption /
2,816 thousands of MWh
1.01 MWh/mt
Purchased electricity 56% of electricity consumption /
3,474 thousands of MWh
1.24 MWh/mt
Fuel used – oil/diesel 9.7 thousands of m3 0.0035 m3/mt
Water 2020 Performance
2020 Performance
Water withdrawals 198,134 thousands of m3 70.61 m3/mt
Water discharged 192,190 thousands of m3 68.49 m3/mt
Water used 5,944 thousands of m3 2.12 m3/mt
Discharges to water – Total Suspended Solids 6.4 thousands of mt 2.29 kg/mt
Biochemical oxygen demand (BOD5) of discharges 4.9 thousands of mt 1.75 kg/mt
Waste 2020 Performance
2020 Performance
Total waste 486.8 thousands of mt 173.47 kg/mt
Waste recycled3 201.0 thousands of mt 90.51 kg/mt
Waste sent to landfills 125.2 thousands of mt 44.60 kg/mt
Number of significant spills 0 N/A
Number of significant environmental fines 0 N/A
Environment and Forest Management 2020 Performance
2020 Performance
ISO 14001-certified sites 42 N/A
Total number of sites 45 N/A
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 inventory 1,250,000,000 m3 N/A
Production 2020 Performance
2020 Performance
Timber harvest volume 8,883,194 m3 N/A
Total fiber sourced for pulp, paper and tissue mills 4,407,967 admt N/A
Amount of recycled and recovered fiber procured 147,498 mt N/A
Total pulp production 1,167,000 mt N/A
Total paper production 1,630,000 mt N/A
Total wood products production4 1,966,000,000 bf N/A
  1. 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.
  2. Represents purchased electricity, minus actual external sales of electricity produced from cogeneration facilities.
  3. Includes waste used beneficially and for on-site energy recovery
  4. Does not include remanufactured wood, engineered wood and wood pellets.

Social Highlights

Social Highlights
Health & Safety 2020 Performance
Lost time incident rate1 0.26
OSHA recordable incident rate 0.62
OSHA severity rate 16.8
Occupational disability rate 0.1%
Absenteeism rate 6.1%
Fatalities – employees 0
Fatalities – contractors 0
Fatalities – total 0
Human Resources 2020 Performance
Total employees 7,104
Total hires 970
Women in workforce 12.4%
Women hiring rate 12.6%
Women in management roles 18.4%
Women on executive team2 22.2%
Voluntary employee turnover 12.2%
Involuntary employee turnover3 3.7%
Employees unionized 63.6%
Employee eligibility for participation in retirement plans 100%
Rate of employee participation in retirement plans 98.1%
Sustainability metrics for incentive pay Yes, STIP
Paid sick leave Yes
Retirement contributions Yes
Community Engagement and Impact 2020 Performance
Indigenous partnerships and consultative relationships 36
Direct economic impact $2,800,274,283
Payments to government4 $22,187,586
Community donations and sponsorships $1,624,633
Indirect employment impact5 23,088
  1. 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.
  2. Employees who left the organization due to dismissal, retirement or death in service.
  3. Following announcement on November 4, 2021; appointment effective January 1, 2022
  4. Includes corporate income taxes; franchise tax; property and school taxes; and non-recoverable sales taxes.
    Excludes payroll taxes; and countervailing and antidumping duties.
  5. 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.

Governance Highlights

Governance Highlights
Shareholders As at September 30, 2021
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
Poison pill No
Proxy access for shareholder proposals Yes
Questions in advance of AGM Yes
Majority voting and resignation policy Yes
Board of directors As at September 30, 2021
Number of directors 8
Independent directors 75%
Gender diversity 25% women
Gender 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 years
Average age 63 years
Term limits No
Mandatory retirement age Yes, 75, except special circumstances
Number of meetings in previous year 8
Average attendance 98.7%
Strong ethics As at September 30, 2021
Code of business conduct2 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 As at September 30, 2021
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
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 49 to 1
  1. Committees include: audit; human resources and compensation/nominating and governance (HRCNG); environment, health & safety (EHS); and finance.
  2. 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.

Financial Highlights

Financial Highlights1 2020
Sales $2,800
Operating income (loss) per segment  
Market pulp (1)
Tissue (1)
Wood products 276
Newsprint (46)
Paper 228
Corporate and other (129)
Operating income (loss) 99
Net income (loss) attributable to Resolute Forest Products Inc. $10
Net income (loss) per share attributable to Resolute Forest Products Inc.  
Common shareholders  
Basic 0.12
Diluted 0.12
Adjusted EBITDA2 $338
Net income (loss) including noncontrolling interests $10
Interest expense 34
Income tax provision 51
Depreciation and amortization 169
Closure costs, impairment and other related charges 53
Inventory write-downs related to closures 25
Start-up costs 3
Net gain on disposition of assets (11)
Non-operating pension and other postretirement benefit (credits) costs (47)
Other (income) expense, net 4
Adjusted EBITDA2 $338
Cash and cash equivalents $11
Total assets $3,730
  1. Year ended December 31, 2020 (in millions, except per share amounts).
  2. Earnings before interest expense, income taxes, and depreciation and amortization, or “EBITDA,” and adjusted EBITDA are not financial measures recognized under U.S. generally accepted accounting principles, or “GAAP.” EBITDA is calculated as net income (loss) including noncontrolling interests from the Consolidated Statements of Operations, adjusted for interest expense, income taxes, and depreciation and amortization. Adjusted EBITDA means EBITDA, excluding special items, such as foreign exchange gains and losses, closure costs, impairment and other related charges, inventory write-downs related to closures, start-up costs, gains and losses on disposition of assets, non-operating pension and other postretirement benefit, or “OPEB,” costs and credits, and other charges or credits. We believe that using non-GAAP measures such as EBITDA and adjusted EBITDA is useful because they are consistent with the indicators management uses internally to measure the company’s performance, and it allows the reader to more easily compare our operations and financial performance from period to period. EBITDA and adjusted EBITDA are internal measures and, therefore, may not be comparable to those of other companies. These non-GAAP measures should not be viewed as substitutes to financial measures determined under GAAP.