The Paper Excellence Group announced the successful closing of its previously-announced acquisition of Domtar. The acquisition further establishes Paper Excellence Group as an industry leader, significantly broadening its global reach and expanding its product range to include airlaid nonwovens and containerboard, in addition to significantly increased pulp and paper production. Domtar will operate as a stand-alone business entity within the Paper Excellence Group, with Domtar’s current CEO and management team remaining in place. There are no further changes to operating locations, business plans, or Domtar’s employee base at this time.
Sustana, the sustainable fiber and paper industry leader, has joined the United Nations (UN) Global Compact initiative. Sustana’s engagement in the UN Global Compact — a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices – reflects its longstanding and continued adherence to sustainable practices and its ongoing support for the Ten Principles focused on human rights, labor, environment, and anti-corruption.
“With this announcement, Sustana is proud to continue its commitment to developing solutions to move society toward a greener, more circular future,” said Fabian de Armas, Chief Executive Officer for Sustana.
“Over the years, Sustana has proven to be a leader in the sustainable pulp and paper business,” said Jeffrey Crawford, Vice President of Sustainability for Sustana. “We look forward to partnering with the UN Global Compact, its US and Canada Local Network members, and companies throughout our value chain to help move the world toward a sustainable future through responsible business action.”
Launched in 2000, the UN Global Compact is the world’s largest corporate sustainability initiative, with over 15,000 companies and 3,800 non-business signatories based in over 160 countries and more than 69 Local Networks.
The UN Global Compact is a call to companies to align their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment, and anti-corruption and to take action in support of UN goals and issues embodied in the Sustainable Development Goals (SDGs).
As part of their engagement in the Compact, Sustana will begin submitting an annual Communication on Progress in 2023 that describes the company’s efforts to implement the Ten Principles. In addition, through continued partnerships, Sustana will continue to bring its customers along on this journey and help them reach their own ESG goals across the supply chain in order to align with the Ten Principles of the Compact and the UN’s Sustainable Development Goals.