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AbitibiBowater lauded for carbon emission disclosure

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AbitibiBowater has been ranked the leading forest products company in Canada in the 2008 Climate Disclosure Leadership Index, with respect to disclosure of carbon emissions.

AbitibiBowater is included in the Carbon Disclosure Project (CDP) report, which lists top companies demonstrating best-in-class disclosure practices in climate change strategy, as well as reporting of greenhouse gas emissions.

In the CDP’s sixth-annual report, AbitibiBowater came fourth overall among Canadian high-carbon impact sector companies.

“At AbitibiBowater, we continue to view sustainability as the way forward,” said president and CEO David J. Paterson.

“We are committed to reducing our carbon footprint, and we want to become a carbon-neutral enterprise,” he stressed.

Since 1990, AbitibiBowater has reduced by 51 percent its absolute carbon emissions in Canada. The company is implementing several initiatives to effectively reduce emissions, including:

•implementing energy-efficient technologies, such as increasing the use of biomass fuels and reducing water usage;

•developing innovative, environmentally-friendly products and increasing the use of recycled fibre;

•adopting harvesting practices to improve conservation and sustainable forest management; and

•maximizing rail transportation for sustainable delivery of products as an alternative to highway use.

The CDP represents 385 institutional investors, with a combined asset base of $57 trillion. On their behalf, the CDP compiles information from the world’s largest companies on the business risks and opportunities presented by climate change and greenhouse gas emissions.

AbitibiBowater produces a wide range of newsprint, commercial printing papers, market pulp, and wood products. It is the eighth-largest publicly-traded pulp and paper manufacturer in the world.

It owns or operates 27 pulp and paper facilities and 34 wood products facilities located in the United States, Canada, the United Kingdom, and South Korea.

Marketing its products in more than 90 countries, the company also is among the world’s largest recyclers of old newspapers and magazines, and has more third-party certified sustainable forest land than any other company in the world.

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