Rayonier Advanced Materials Inc 2023 AR2
The report highlights Rayonier Advanced Materials Inc.'s (RYAM) financial and operational performance for the fiscal year 2023, along with its ongoing transition toward a biofuture. Despite global economic challenges and destocking in key segments, the company successfully reduced its total debt by $76 million and advanced its biomaterials strategy, including the upcoming start of its Tartas bioethanol plant. On the sustainability front, RYAM achieved a 17 percent reduction in its safety incident rate and met half of its 10-year greenhouse gas reduction target in just three years. Additionally, the company reported its Scope 3 emissions for the first time and maintained high levels of renewable energy usage, with over 75 percent of energy consumed derived from renewable sources.
Company: Rayonier Advanced Materials Inc
Sector: Materials
Country: United States
Year: 2023
Type: AR2
Pages: 108
Rayonier Advanced Materials Inc
Annual Report
The report highlights Rayonier Advanced Materials Inc.'s (RYAM) financial and operational performance for the fiscal year 2023, along with its ongoing transition toward a biofuture. Despite global economic challenges and destocking in key segments, the company successfully reduced its total debt by $76 million and advanced its biomaterials strategy, including the upcoming start of its Tartas bioethanol plant. On the sustainability front, RYAM achieved a 17 percent reduction in its safety incident rate and met half of its 10-year greenhouse gas reduction target in just three years. Additionally, the company reported its Scope 3 emissions for the first time and maintained high levels of renewable energy usage, with over 75 percent of energy consumed derived from renewable sources.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Renewable Energy
Employees