International Paper (IP), a global paper and packaging company, recognized long ago that its future depends on a steady supply of trees, says James McDonald, the company's sustainability manager. IP says it planted more than 4 billion tree seedlings between the 1950s and about four years ago, when it sold its forest lands. More recent efforts have focused on using less water and energy at its manufacturing operations. The company cut fossil fuel purchases by 21 percent from 2005 to 2010—in part by burning limbs and other biomass debris from tree processing—generating $221 million in annual savings at last year's prices.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.