2021 Annual Highlights (comparative figures have been restated to reflect discontinued operations2) Sales of $3,956 million (compared with $4,105 million in 2020) As reported (including specific items) Operating income of $50 million (compared with $292 million in 2020) Operating income before depreciation and amortization (OIBD) of $302 million (compared with $543 million in 2020) Net earnings per common share of $1.60 (compared with $2.04 in 2020) Net earnings per common share of $0.26 (compared with $1.95 in 2020) Net debt1 of $1,351 million as at December 31, 2021 (compared with $1,760 million as at September 30, 2021). Net debt to adjusted OIBD ratio1 of 3.5x down from 3.8x as at September 30, 2021.
Novolex® released its fourth annual sustainability report, detailing progress towards its greenhouse gas reduction target and other environmental, social and governance (ESG) commitments.
The 2021 Novolex Sustainability Report highlights Novolex’s expanded new target for greenhouse gas (GHG) reductions from operations — 30% by 2030. The new goal came after the company in 2021 met its original commitment to reduce GHG emissions by 2025. Emissions-related data were verified by a third party.
This year’s report also includes a new metric, aligned with Sustainability Accounting Standards Board guidance, sharing that 78% of applicable revenues derive from products that can be recycled, composted or reused.
“Our 2021 report underscores how Novolex continues to make important strides towards our ambitious ESG goals,” said Stan Bikulege, Novolex Chairman and CEO. “Sustainability, innovation and choice are the foundation of everything we do at Novolex. Working together every day, our 10,000 employee families are meeting the needs of a changing world and shaping the future of the packaging industry for the better.”
details at: https://novolex.com/news/novolex-releases-fourth-annual-sustainability-report/