GlobalData offers a comprehensive analysis of Sappi, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Sappi‘s ESG performance. GlobalData’s company profile on Sappi offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Sappi, a renewable resource company, has set target for net zero by 2050 and is committed to reducing its greenhouse gas (GHG) emissions as part of its sustainability efforts. The GHG emissions are categorized into three scopes: scope 1 (direct emissions), scope 2 (indirect emissions from purchased electricity, steam, heat, or cooling), and scope 3 (indirect emissions from the value chain). Sappi aims to reduce emissions in all three scopes. In 2023, the company’s GHG emissions reported for Scope 1 was 3,474 million kg CO2eq/annum compared to 4,079 million kg CO2eq/annum in 2022, Scope 2 were 1,234 million kg CO2eq/annum compared to 1,333 million kg CO2eq/annum in 2022 and Scope 3 was 3,472 million kg CO2eq/annum compared to 3,784 million kg CO2eq/annum in 2022.
The company has established decarbonization targets for Scope 1, 2, and 3 emissions by 2030. It is taking steps to achieve these targets and has already made investments in technologies and processes to reduce emissions. The company is also focused on promoting a circular economy and utilizing biomaterials and biofuels to minimize its environmental impact.
Sappi recognizes the significance of biodiversity and aims to safeguard and restore it. Sappi's sustainability strategy, called Thrive25, includes priorities such as moving towards a circular economy, addressing climate change and climate transition, and growing concern for natural capital.
In terms of water stewardship, Sappi acknowledges the serious sustainability challenges related to water. In FY2023, its total water withdrawal globally decreased by 8% year-on-year and by 7% over five years.The company is committed to prioritizing clean and renewable energy and responding to climate change. It is also focused on enhancing trust, driving operational excellence, and sustaining its financial health.
Overall, Sappi is actively working towards emission reduction and company is investing in technologies, promoting a circular economy, and prioritizing clean and renewable energy. By addressing climate change and reducing its environmental impact, Sappi aims to create a thriving world while safeguarding biodiversity and natural resources.
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