NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) -- Mercer International Inc. ("Mercer" or the "Company") (NASDAQ:MERC), a global forest products company, today released its 2024 Sustainability Report, Fit for Future: Transition and Transformation. The report outlines, among other things, the Company's progress towards its 2030 sustainability goals.
Juan Carlos Bueno, President and CEO, stated:
"In 2024, we applied the same operational discipline to our sustainability efforts that we bring to all areas of our business. We focused on where Mercer can make the most meaningful contribution—reducing emissions at the source, improving resource efficiency, and advancing renewable bioproducts. These steps reflect our learning and commitment to a long-term, practical impact that we believe will add value to our overall business."
Bill Adams, Chief Sustainability Officer, added:
"We recognize that credibility in sustainability comes from transparency and benchmarking. In 2024, we prioritized ESG governance by securing third-party assurance of our emissions data and aligning with evolving disclosure standards. These efforts helped improve our Sustainalytics ESG risk rating and position Mercer as a reliable partner for investors, customers, and communities who increasingly expect clear and consistent sustainability performance."
2024 Highlights
Selected highlights of accomplishments include:
Climate & Emissions
- 83% of fuel-based energy came from renewable sources, advancing toward the Company's 90% target by 2030.
- Completed Mercer's third climate scenario analysis, enhancing climate risk assessment and disclosure.
Waste & Resource Efficiency
- Landfill waste totaled 16.6 kg/ADMT—a 24% improvement over the 2019 baseline—advancing toward the 30% reduction target by 2030.
- Water consumption at pulp mills declined 8% year-over-year due to operational efficiencies.
Employee Safety
- The Total Recordable Incident Rate (TRIR) improved 25%, from 3.68 to 2.76.
ESG Governance & Reporting
- Released Mercer's first Taskforce on Nature-related Financial Disclosures (TNFD) aligned report on nature-related risks and dependencies.
- Completed a double materiality assessment designed to align with the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS) requirements.
Recognition
- Received the 2024 SFI President's Award for leadership in mass timber and supply chain certification.
- Improved Sustainalytics ESG Risk Rating to 17.6 (low risk), down from 21.4 in 2023.
Looking Ahead
Mercer's 2024 Sustainability Report reflects the Company's continued commitment to measurable, science-based progress. As Mercer advances toward its 2030 goals, it remains focused on integrating sustainability into core business decisions, building trust through transparency, and delivering long-term value for stakeholders. The full report is available at www.mercerint.com/sustainability.
About Us
Mercer International Inc. is a global forest products company with operations in Germany, the USA, and Canada. Its consolidated annual production capacity is 2.1 million tonnes of pulp, 960 million board feet of lumber, 210 thousand cubic meters of CLT, 45 thousand cubic meters of glulam, 17 million pallets, and 230,000 metric tonnes of biofuels. For more information about the company and to read the full report, please visit its website at www.mercerint.com.
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause our actual results in future periods to differ materially from forecasted results. Words such as "expects", "anticipates", "are optimistic that", "projects", "intends", "designed", "will", "believes", "estimates", "may", "could" and variations of such words and similar expressions are intended to identify such forward-looking statements. Among those factors which could cause actual results to differ materially are the following: the highly cyclical nature of our business, raw material costs, our level of indebtedness, competition, foreign exchange and interest rate fluctuations, our use of derivatives, expenditures for capital projects, environmental regulation and compliance, disruptions to our production, market conditions and other risk factors listed from time to time in our SEC reports.
APPROVED BY:
William D. McCartney
Chairman
+1 (604) 684-1099
Juan Carlos Bueno
Chief Executive Officer
+1 (604) 684-1099
