Resolute Announces Ratification of Collective Agreement at Eight Sawmills in Quebec

Highlights: *4Q21 Reported EPS of $2.19, down 4% driven by impact of extra week in prior year *4Q21 Net sales increased 9.7% to $2.2 billion *FY21 Reported EPS of $8.83, up 34% *FY21 Net sales increased 20.6% to $8.4 billion. “2021 marked the company’s tenth consecutive year of strong top- and bottom-line growth,” said Mitch Butier, chairman, president and CEO. “We delivered 19 percent revenue growth on a constant currency basis and 25 percent adjusted earnings per share growth, while generating record free cash flow.

Sappi North America, a leading producer and supplier of diversified paper and packaging products, today announced the ten grant recipients of its 18th annual Ideas that Matter program, where financial support is given to designers who create print integrated projects to maximize social impact. The ten projects selected this year highlight how design and creativity can help solve prominent social issues. Through communication projects and campaigns using paper and print, the winning projects focus on climate change, encourage high school students to consider urban planning, educate girls about their reproductive rights, support quality journalism, address prison reform, and explore solutions for delivering humanitarian aid - inspiring change across the country, and around the world. As an integral part of Sappi's corporate social responsibility platform since 1999, the Ideas that Matter grant program has funded over 500 nonprofit projects and contributed more than $13 million to a wide range of causes that use design as a positive force in society. The program is open to North American designers who have partnered with a nonprofit organization and developed a communication campaign that is ready for implementation. Click Read More below for additional information.

Sappi Europe’s Kirkniemi Mill in Lohja, Finland, has successfully made the switch from using fossil fuels to renewable energy to fuel the production of the Galerie paper range. A €16.5 million investment into state-of-the-art facilities and machinery for the reception, storage and handling of biofuels is the latest in a string of efforts by Sappi in meeting its Science-Based Targets Initiative (SBTi)-approved emissions reduction goal across all its regions. Biomass residues such as bark, sawdust and wood chips, largely locally sourced, now fuel the Kirkniemi Mill Galerie paper operations, setting the stage for a 90% reduction in direct fossil greenhouse gas emissions. This upgrade now works alongside the multi-fuel boiler built in 2015, enabling the mill to reduce nearly 230,000 tons of carbon dioxide annually. This means that Kirkniemi Mill is now able to reduce the carbon footprint of the Galerie paper range by 40%. All this comes as part of a longstanding sustainability focus at Kirkniemi that has, in recent years, brought continuous improvements in environmental performance across areas including freshwater usage, emissions to watercourses and energy efficiency.