Dotdash Meredith posted a 15% decline in Q2 2023 revenue YoY to $414 million. But a $17.8 million operating loss reflected a 35% improvement over the prior year. Digital revenue fell by 10% YoY to $212 million. Print declined by 21% to $206.8 million, driven by a circulation falloffs for some publications. “Stability in traffic helped, as did passing the toughest of last year’s advertising comparables,” says Joey Levin, CEO of parent IAC. Levin continues, “While we can’t count on any aggregate recovery in the ad market, we do expect Dotdash Meredith to benefit from D/Cipher adoption, Performance Marketing strength, and more ad performance optimization on the former Meredith sites.”
Monadnock Paper Mills, Inc., the oldest continuously operating paper mill in the United States, announces the launch of its 2022 Corporate Social Responsibility (CSR) Report, which details its commitment to sustainability and visions for the future. Monadnock Paper Mills continues to champion sustainability in the world of fiber-based solutions, setting its sights on a brighter, more eco-friendly future.
Despite a tumultuous landscape marked by labor shortages, supply chain challenges, and inflation in 2022, Monadnock Paper Mills persevered, achieving a 10% increase in sales. The company’s unwavering commitment to sustainability was further demonstrated through innovative advancements supporting the Un-Plastic initiative.
Key highlights of the 2022 CSR Report include:
*EcoVadis Gold Rating: Monadnock received EcoVadis gold rating, placing it in the top eight percent of the 90,000+ companies ranked by EcoV Since earning a silver rating in the 2015 assessment, the company has achieved a 30% improvement in performance level.
*Sustainable Resource Management: In 2022, Monadnock enabled its customers to avoid the consumption of 42,400,000 pounds of wood. The company also saw a 58% increase in post-consumer waste (PCW) usage since 2021.
*Waste Reduction: Trash to landfill was reduced by 11% over 2021 with an excellent diversion rate of 98.6%. For context, a Zero Waste company is often defined by a minimum 90% diversion rate.
*Innovative Collaborations: Monadnock collaborated with a global brand to pioneer a paper-based, 100% post-consumer waste recycled bag closure.
more at: https://mpm.com/2022-corporate-social-responsibility-report/