Paper Industry Feeling Heat to Address Climate
International Paper and the printing company RR Donnelley face upcoming shareholder votes on climate change resolutions filed by Domini Social Investments.
Domini, a sustainable investing leader, has convinced five other major companies to take steps to preserve forests to address the global warming threat.
In addition to providing critical habitat for many species, forests mitigate the effects of climate change by absorbing enormous quantities of carbon, said Karen Shapiro, a member of Dominis shareholder advocacy team. Deforestation is responsible for 20 percent of global annual emissions of carbon dioxide. Companies can protect long-term shareholder value and address climate change by adopting more responsible forestry practices.