North America

Sappi issued on 4 August 2022 via the Stock Exchange News Service of the JSE an announcement entitled 'Third quarter results for the period ended June 2022'.

Sappi North America Inc., a leading producer and supplier of diversified paper, packaging products and pulp, announces that its Ultracast Viva (UC Viva) has been named the Product of the Year in the Business Intelligence Group’s 2022 Sustainability Awards program.

Sappi’s International Revolving Credit Facility (RCF) of EUR 515 million benefits from the group’s newly developed Sustainable Financing Framework.

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 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.

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