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Forest Stewardship Council (FSC), the world’s most trusted forest certification system, is proud to announce its 2023 FSC-US Leadership Awards, recognizing uncommon excellence that advances responsible forest management and forest conservation. “It is a great honor to recognize the efforts of such diverse organizations and individuals”, says Stuart Hale, Co-Chair of the FSC-US Board of Directors. “They are leading the way in demonstrating how well-managed forests can provide benefits through sustainable resources and natural climate solutions.” *Monadnock Paper Mills, for its Unplastic Initiative – nine eco-friendly, FSC-certified fiber-based alternative products. Remarkably, Monadnock’s sustainable solutions have already replaced more than 10 billion conventional plastic gift cards worldwide.
TAPPI has named Steve Voorhees, chief executive officer of WestRock, as the TAPPI/PIMA Executive of the Year. WestRock, headquartered in Atlanta, Georgia, is a global provider of differentiated paper and packaging solutions. “Since taking the helm at WestRock in 2015, Steve has expertly managed its electrifying growth, helping WestRock more efficiently and economically serve customers,” says Larry N. Montague, TAPPI president and CEO, in a statement.
Q2/2020 (compared with Q2/2019) *Sales decreased by 18.9% to EUR 2 114 (2 608) million, due to lower deliveries and prices, as a result of the impact of the Covid-19 pandemic. *Operational EBIT decreased to EUR 178 (299) million. The impact of lower sales was partly offset by good cost management. *Operational EBIT margin was 8.4% (11.5%). *Operating profit (IFRS) was EUR 226 (142) million. *Strong liquidity at EUR 2.1 billion, including cash and committed credit facilities and good access to funding sources. *Operational ROCE was 6.8% (11.8%), below the strategic target of over 13%.