At PEFC, key decisions are not made by one person alone. We ensure that decision-making is done through consensus-driven processes that involve a wide range of parties, and that no single stakeholder or stakeholder group can become too powerful. While the General Assembly, our multi-stakeholder governance body, has the final say on decisive issues, our Board of Directors has an important role to play in support of it. The Board comprises the Chairperson of PEFC International, two Vice-Chairs and two to twelve Board members elected by the General Assembly for a three-year term. From the beginning, the diversity and equal representation of different groups was fundamental for the composition of the Board, as engraved in the original 1999 PEFC statutes:
Sustainability has always been a core aspect of our business—present in the products we make and the way we operate. Now, the launch of our new Twentyby30 program will accelerate our efforts across all three dimensions of sustainability: environmental, social and governance. Designed to address issues of critical global concern, Twentyby30 outlines 20 measurable goals to be achieved by 2030 or sooner, with each goal falling within one of the following pillars of action: *Climate Action *Resource Efficiency *Optimum Circularity *Working Together *Never Compromise
With these focus areas, we are pledging to raise our global performance around energy, water, waste, material use efficiency, recycling, employee health and safety (EH&S), Diversity & Inclusion, responsible and ethical sourcing, food contact and chemical safety and other topics. All program pillars are underpinned by responsible governance and ethics, which guide every business decision we make.
Our strategy is based on several objectives, some of which include setting science-based targets around our greenhouse gas emissions from our own operations and our supply chain, transitioning to 100% renewable electricity and advancing the Circular Economy. The program’s goals also represent areas in which we feel we can make the greatest impact and reflect the priorities of our stakeholders, including customers, investors, communities and employees. Our priorities are also informed by the 17 Sustainable Development Goals (SDGs) set by the United Nations so our actions can contribute to a greater collective impact.
The Twentyby30 objectives mark the next chapter of our sustainability journey. They will be measured against a 2019 baseline and involve many new initiatives for our global business. This sets the new Twentyby30 program apart from our first set of formal sustainability goals, which we are on track to meet by the end of 2020 as planned.
With this comprehensive new roadmap in place, we are ready to embark on a decade of meaningful progress against measurable targets. The ultimate goal? Maximizing our impact while reducing our footprint.
Achieving these goals will require us to evaluate all aspects of our operations and identify areas where we can enhance the efficiency of our products and processes and be a better steward of resources. While our goals are ambitious, we know our global team is up for the challenge.
We will report on performance annually through a combination of formal sustainability reports, third-party reporting standards including CDP and ESG ratings systems including Sustainalytics and the Dow Jones Sustainability Index. These reports and other news will be available in the sustainability section of our Corporate website.
We are excited about the next phase of our sustainability journey and look forward to keeping you informed about our progress.