Commenting on the group’s results, Sappi Chief Executive Officer Steve Binnie said: “I am very proud of another quarter of record earnings against a backdrop of significant geopolitical turmoil, supply chain headwinds and extraordinary global inflationary pressures.”
Sappi Europe informs customers about ongoing challenges to cope with further increases of pulp, energy, chemicals and transportation costs.
Sappi therefore announces further price increases up to 18% for its entire Speciality Paper Portfolio.
Due to continuing high cost and volatility in raw materials, energy and transportation Sappi Europe will increase its prices to its European customers by 8-10% on its range of Woodfree Coated and Uncoated papers, and Paperboard from 12 September.
Sappi is pleased to announce that the science-based carbon emission reduction target of 41.5% per ton of product has been approved by the Science Based Targets initiative (SBTi).
Sappi is pleased to announce that all three of its manufacturing regions – Europe, North America and Southern Africa – have once again achieved the highest possible rating, Platinum, in the annual EcoVadis Corporate Social Responsibility (CSR) ratings.