A Message From Our Chief Sustainability Officer

The theme for 2024 was one of progress and learning for Mercer as we continued our sustainability journey. Our commitment to transforming biomass into bioproducts for a more sustainable world remains at the forefront of our efforts.

In this endeavor, we are guided by the Mercer Way, our long-standing philosophy of responsible business practices encompassing sustainability, safety, leadership, financial responsibility, and strong governance.

Building on our theme from 2023, “Fit for Future – Transition and Transformation,” our sustainability efforts are emphasized through our transition into a diversified bioproducts company. The transformation is focused on our commitment to transforming fiber into low-carbon, more sustainable products and solutions for the global market, including the building sector with our innovative mass timber products. We believe this will expand our product portfolio to drive shareholder value and benefit society over the long run.

Recognizing the significant shifts in our business since 2021, we have reviewed and updated our 2030 strategic sustainability goals. Acquisitions, regulatory changes, and heightened stakeholder expectations have informed our revised targets, ensuring they are both focused and realistic. We remain dedicated to making progress across our key sustainability goals: improving environmental performance, mitigating climate change, improving resource efficiency and advancing the circular economy, sustainably managing forests, and embracing social responsibility. This process of regular review is a fundamental aspect of good governance. It demonstrates our commitment to transparency, accountability, and adaptability. By aligning our sustainability goals with current realities and evolving stakeholder expectations, we ensure our strategies remain relevant and effective, reflecting our dedication to longterm sustainable value creation. This commitment to continuous improvement and responsiveness underpins our governance framework, ensuring we proactively manage risks and capitalize on opportunities in a dynamic operating environment.

Key changes to Mercer’s 2030 aspirational sustainability goals include:

Aligning our climate targets with limiting global warming to 1.5 degrees.
Setting a new goal to achieve 90% energy from renewable sources.
Setting a new goal to achieve 200% growth in stored carbon in mass timber products.

While we are proud of our progress, we also recognize the challenges we face in our sustainability journey. We are continuously working to integrate sustainability into our business strategy and realize cost efficiencies that enables us to make progress toward our carbon reduction and resource efficiency targets; and engage with key stakeholders about the benefits of sustainably managed forest. Despite these challenges, we remain steadfast in our sustainability commitments and achieving our 2030 goals.

Looking to the future, we believe that continued collaboration with stakeholders, including customers, suppliers, industry associations, and shareholders, is essential for driving meaningful progress. We are also committed to transparent ESG disclosures and are actively preparing for the new CSRD requirements.

Thank you for your continued support on our sustainability journey.

Bill Adams
Chief Sustainability Officer

Our sustainability efforts are guided by the Mercer Way, our long-standing philosophy of responsible business practices that encompass sustainability, safety, financial responsibility, and strong leadership.”

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