International Paper Company is a leading global producer of renewable fiber-based packaging, pulp, and paper products. The company operates in the Corrugated Packaging Matl sector, which involves the production of corrugated boxes, containers, and other packaging materials. International Paper Company is headquartered in Memphis, Tennessee, and has operations in North America, Europe, Latin America, Asia, and Africa.

The company has a strong commitment to sustainability and decarbonisation. International Paper Company has set ambitious goals to reduce its greenhouse gas emissions, increase its use of renewable energy, and improve its energy efficiency. The company has also implemented a number of initiatives to promote sustainability, including sustainable forestry practices, responsible sourcing of raw materials, and recycling programs.

One of the key initiatives that International Paper Company has undertaken to reduce its carbon footprint is the use of corporate power purchase agreements (PPAs) for renewable energy. A corporate PPA is a long-term contract between a company and a renewable energy provider, which guarantees a fixed price for renewable energy over a specified period of time. By entering into a corporate PPA, International Paper Company is able to secure a reliable source of renewable energy, while also reducing its carbon emissions.

International Paper Company has signed several corporate PPAs for renewable energy in recent years. In 2019, the company signed a 12-year agreement with a wind farm in Texas, which will provide 200 megawatts of renewable energy to the company's mills in Texas and Oklahoma. The wind farm is expected to be operational in 2020 and will help International Paper Company to achieve its goal of sourcing 40% of its electricity from renewable sources by 2020.

In addition to corporate PPAs, International Paper Company has also invested in renewable energy projects. The company has installed solar panels at several of its facilities, including its headquarters in Memphis, and has also invested in biomass energy projects. These investments have helped the company to reduce its reliance on fossil fuels and to increase its use of renewable energy.

International Paper Company has also implemented a number of initiatives to improve its energy efficiency and reduce its carbon emissions. The company has set a goal to reduce its greenhouse gas emissions by 20% by 2020, compared to its 2010 baseline. To achieve this goal, the company has implemented a number of energy efficiency measures, such as upgrading its equipment and improving its manufacturing processes.

The company has also implemented a number of sustainable forestry practices to ensure the responsible management of its forests. International Paper Company has set a goal to certify all of its forests to third-party sustainability standards by 2020. The company has also implemented a number of initiatives to promote reforestation and biodiversity conservation.

International Paper Company has received several awards and recognitions for its sustainability efforts. The company has been included in the Dow Jones Sustainability Index for North America for 18 consecutive years and has been named one of the World's Most Ethical Companies by Ethisphere Institute for 14 consecutive years.

In conclusion, International Paper Company is a leading global producer of renewable fiber-based packaging, pulp, and paper products. The company has a strong commitment to sustainability and decarbonisation, and has implemented a number of initiatives to reduce its carbon footprint, increase its use of renewable energy, and improve its energy efficiency. The company's use of corporate PPAs for renewable energy and its investment in renewable energy projects have helped it to achieve its sustainability goals and to reduce its reliance on fossil fuels. International Paper Company's commitment to sustainability and its leadership in the Corrugated Packaging Matl sector make it a model for other companies to follow.