Label and Graphic Materials Segment: • Reported sales increased 11.8 percent. Sales ex. currency increased 4.2 percent; on an organic basis, sales grew 3.6 percent. Sales on an organic basis increased mid-single digits in Label and Packaging Materials and increased low-single digits in the combined Graphics and Reflective Solutions businesses. • Reported operating margin decreased 30 basis points to 12.3 percent, reflecting the impact of restructuring actions. Adjusted operating margin increased 20 basis points to 13.0 percent as the benefits of increased volume and productivity more than offset higher employee-related costs and the net impact of pricing and raw material costs. Click Read More below for additional information.
Paper Excellence today announced it has been voted one of Canada’s 2021 Best 50 corporate citizens by Corporate Knights. This is the fourteenth time that the company has achieved the Best 50 award with Corporate Knights. (Previous awards were presented to Catalyst Paper which is now wholly owned by Paper Excellence.) Paper Excellence operates six pulp and paper facilities in British Columbia and Saskatchewan.
The Best 50 award is judged using key performance indicators that relate to the organization’s raw resource use, emissions profile, social performance, safety performance, and percentage of revenue from clean sources.
“We continue to be proud of our long association with Corporate Knights and their 50 Best program. In a world awash with plastic waste, we see a bright future for our sustainably sourced and fully recyclable pulp and paper products,” said Graham Kissack, Vice President, Environment, Health & Safety and Corporate Communications.
In 2020, Paper Excellence achieved a 60% reduction of its greenhouse gas emissions relative to 1990 while using an energy basket made up of over 84% renewables. 33% of the organization’s solid waste is beneficially reused or recycled while over 53% of its electricity comes from self-generated green power. Paper Excellence’s products are certified to numerous independent sustainable forestry standards including the Forest Stewardship Council (FSC), Programme for the Endorsement of Forest Certification (PEFC), and the Sustainable Forestry Initiative (SFI).