Verso Paper Corp. Reports 2013 Sustainability Progress in "Our Sustainable
MEMPHIS, TN -- (Marketwired) -- 04/30/14 -- Verso Paper Corp. (NYSE:
VRS) today announced the publication of its 2013 Sustainability
Report titled "Our Sustainable Identity." The report details Verso's
progress against its commitment to respect a sustainable balance
among environmental, social and economic needs.
"After being on the job for two years, I've seen consistently
remarkable performance on the part of Verso's management and
employees and we've continued to nurture excellence," said Verso
President and CEO Dave Paterson. "We've charted a successful course
built on our sustainable identity and will continue advancing toward
a future energized by innovation, the support of our stakeholders and
our unflagging commitment to paper and energy."
2013 Sustainability Report Highlights
-- At our Quinnesec Mill, 2013 was a record safety year, demonstrating
what can happen when every employee is committed to and engaged in
safe behavior. Quinnesec's Total Incidence Rate (TIR) was down an
impressive 50 percent from 2012, and it represents the best annual
safety performance in both mill and Verso history. Quinnesec's 2013
TIR was lower than any American Forest & Paper Association member
-- Verso remained committed to the U.S. Department of Energy Better
Buildings, Better Plants goal to reduce our energy intensity by 25
percent over 10 years, and by late 2013 we were significantly ahead of
our 2019 deadline.
-- 2013 was the first full year we were able to experience the benefits
realized through the completion of renewable energy projects at both
our Bucksport Mill in 2012 and Quinnesec Mill in 2011. After investing
$92 million in the two projects, we saw a decrease in our operating
costs and an increase in our renewable energy generating capacities.
-- 72 percent of total on-site energy generated by Verso in 2013 came
from renewable, greenhouse gas-neutral biomass.
-- 67 percent of the wood fiber Verso used was third-party certified to a
credible forest management certification standard and all three Verso
mills maintained compliance with the Programme for the Endorsement of
Forest Certification (BV-PEFCCOC-US005202-2) and Forest Stewardship
Council(TM) (FSC(R) License Code FSC(R)-C019085)
-- 33% of our total sales were chain-of-custody certified in 2013.
-- We continued with a second year of the Verso Forest Certification
Grant Program, an initiative aimed at increasing certified fiber and
certified acreage on lands near our three paper mills. The program
provides start-up funding to encourage and assist landowners,
consulting foresters and other stakeholders in developing innovative
new projects that will help expand and maintain certification in
Verso's wood procurement zones. A third grant was awarded in 2013.
-- We led the effort to form a collaborative project to identify and map
vernal pools -- classified as small, temporary water bodies providing
essential habitats to a variety of plants and animals -- in Michigan's
Upper Peninsula. Along with the Michigan Forest Products Council, the
Michigan Natural Features Inventory and the Michigan Department of
Natural Resources, Verso has begun a targeted effort to locate, manage
and conserve vernal pools where we secure wood for pulp and paper
-- Each of Verso's three mills maintained certification to the ISO
14001:2004 environmental management system standard.
-- Verso again had a perfect environmental compliance record in 2013 with
no environmental compliance notices from regulatory agencies.
-- Verso's employees raised a record total of $377,522 for United Way in
2013, a three percent increase from the 2012 total pledged by our
For more information, download a full copy of the Verso 2013
Sustainability Report from the company's website at
Verso Paper Corp. is a leading North American producer of coated
papers, including coated groundwood and coated freesheet, and
specialty products. Verso is headquartered in Memphis, Tennessee, and
owns three paper mills located in Maine and Michigan. Verso's paper
products are used primarily in media and marketing applications,
including magazines, catalogs and commercial printing applications
such as high-end advertising brochures, annual reports and
direct-mail advertising. Additional information about Verso is
available on its website at www.versopaper.com.
In this press release, all statements that are not purely historical
facts are forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Forward-looking statements may be identified by
the words "believe," "expect," "anticipate," "project," "plan,"
"estimate," "intend" and other similar expressions. Forward-looking
statements are based on currently available business, economic,
financial and other information and reflect management's current
beliefs, expectations and views with respect to future developments
and their potential effects on Verso. Actual results could vary
materially depending on risks and uncertainties that may affect Verso
and its business. For a discussion of such risks and uncertainties,
please refer to Verso's filings with the Securities and Exchange
Commission. Verso assumes no obligation to update any forward-looking
statement made in this press release to reflect subsequent events or
circumstances or actual outcomes.
Verso Paper Corp.
6775 Lenox Center Court
Memphis, TN 38115-4436
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