JACKSONVILLE, Fla.--(BUSINESS WIRE)--Rayonier Advanced Materials Inc. (NYSE: RYAM, the “Company”) today 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.
About RYAM
RYAM is a global leader of cellulose-based technologies, including high purity cellulose specialties, a natural polymer commonly used in the production of filters, food, pharmaceuticals and other industrial applications. RYAM’s specialized assets, capable of creating the world’s leading high purity cellulose products, are also used to produce biofuels, bioelectricity and other biomaterials such as bioethanol and tall oils. The Company also manufactures products for paper and packaging markets. With manufacturing operations in the U.S., Canada and France, RYAM generated $1.6 billion of revenue in 2023. More information is available at www.RYAM.com.
Forward-Looking Statements
Certain statements in this document regarding anticipated financial, business, legal, or other outcomes, including business and market conditions, outlook, and other similar statements relating to Rayonier Advanced Materials’ or future or expected events, developments, or financial or operational performance or results, are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are identified by the use of words such as "may," "will," "should," "expect," "estimate," "believe," "intend," "anticipate," and other similar language. However, the absence of these or similar words or expressions does not mean that a statement is not forward-looking. While we believe these forward-looking statements are reasonable when made, forward-looking statements are not guarantees of future performance or events, and undue reliance should not be placed on these statements. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that these expectations will be attained. It is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties.
Other important factors that could cause actual results or events to differ materially from those expressed in forward-looking statements that may have been made in this document are described or will be described in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Rayonier Advanced Materials assumes no obligation to update these statements except as is required by law.
