Sustana is thrilled to join the ranks of hundreds of companies with GHG emission reduction targets approved by the Science Based Targets initiative (SBTi) and in line with limiting global average temperature rise to 1.5° C.
We committed to reduce absolute Scope 1 and Scope 2 GHG emissions 42% by 2030 from a 2021 base year and have pledged to measure and reduce Scope 3 emissions.
“Sustainability has always been at the root of Sustana’s identity, and this commitment furthers our mission to mitigate climate change and be good stewards of the environment,” said Fabian de Armas, Chief Executive Officer for Sustana.
https://www.rollandinc.com/newsroom/sustanas-ghg-emissions-reduction-goal-approved-by-the-science-based-targets-initiative/?utm_medium=email&utm_source=sharpspring&sslid=MzQwNbO0NDGxsDA2BQA&sseid=MzI1MrQwtTQwNwUA&jobid=53e16282-08b3-4225-81a2-d18a1afe81f4
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The American Forest and Paper Association (AF&PA) announced that on September 5, President Trump signed an Executive Order (EO) making changes to EO 14257 from April. The new EO outlines what products and materials can enter the U.S. duty-free (zero percent tariffs). Three wood pulp tariff codes were added to the list.
Pursuant to this new EO, imported wood pulp will come into the U.S. duty-free — an important development in the long-term trade and tariff policy discussion.
This new list is meant to capture products and materials that are not produced in the U.S. — or not produced at scale. AF&PA has continuously made this argument for specific kinds of wood pulp, such as bleached eucalyptus kraft or BEK.
What's Next?
The EO also added a variety of items to Annex III, which will act as a 'potential' list of items that could be added to the duty-free list in the future, depending on trade talks. Importantly, this new EO also delegates authority to add items to the duty-free list to USTR and Commerce.
OCTOBER 1 – DECEMBER 31, 2020 (compared with July 1 – September 30, 2020) *Net sales increased 6% to SEK 4,592m (4,338), mainly related to higher delivery volumes. *EBITDA margin increased to 30.0% (23.8).*Operating cash flow amounted to SEK 957m (1,118). JANUARY 1 – DECEMBER 31, 2020 (compared with January 1 – December 31, 2019) *Net sales declined 6% to SEK 18,410m (19,591). The fall in sales was mainly related to lower selling prices, which was partly offset by higher delivery volumes.*EBITDA margin of 24.1% (27.2). The decrease was mainly due to lower selling prices. *Operating profit amounted to SEK 1,145m (19,665). The difference was mainly due to one-off items from the discontinuation of publication paper operations in 2020 of SEK -1,694m and the changed accounting method for forest assets of approximately SEK 16bn in 2019. *Operating cash flow amounted to SEK 2,688m (2,916).