International Paper Co

Sustainability oversight International Paper has an integrated board and executive-level governance structure to oversee and set the tone on Environment, Social and Governance (ESG) topics across our businesses. The full board periodically reviews components of our sustainability strategy and performance including material ESG developments and issues. Within our Board of Directors, the Public Policy and Environment Committee (PPE) has oversight over environmental topics as well as public policy, legal, and health and safety issues or risks that could affect the Company. The Audit and Finance Committee (A&F) reviews processes and controls for external reporting, and the Management Development and Compensation Committee (MDCC) approves CEO stewardship-focused objectives and evaluates performance related to compensation. At the management level, our CEO and Senior Leadership Team are responsible for corporate sustainability strategy and leadership, with function-specific councils reporting to them. Our Stewardship Council is made up of representatives from areas across our businesses and functional teams. In addition, the Manufacturing Council, Environment, Health and Safety Council and the Global Diversity and Inclusion Council guide implementation of the related Vision 2030 goals and assess progress against them. In support of the Stewardship Council, the Renewable Solutions Steering Team, Global Certification and Sustainability Task Team and the Energy and GHG Steering Team develop the tactics needed to further advance implementation of our Vision 2030 goals and targets. Our Chief Sustainability Officer leads our Sustainability Team and is ultimately responsible for the development and execution of our sustainability strategy. In turn, the Sustainability Team coordinates activities across IP businesses and functional areas to deliver on our Vision 2030 targets."
"We have a government relations team in Washington, D.C., various state capitals across the U.S. and in other countries where we operate. We regularly meet with public officials and policymakers and engage trade and business associations, customers, suppliers, employees, communities, labor and environmental groups on issues of mutual concern. Our policy positions are generally consistent with the trade associations, coalitions and other organizations in which we participate. IP consistently advocates our views on issues within organizations recognizing others may hold different policy priorities or solutions. While we may not agree with every position [...] We sponsor the International Paper Political Action Committee (IP-PAC) in the U.S., which is funded by eligible employees who voluntarily choose to support political candidates and committees. All IP-PAC reports are available on the Federal Election Commission website. International Paper publishes a voluntary report of political contributions on a semi-annual basis. For the seventh year in a row, International Paper earned the designation of CPA-Zicklin Index Trendsetter by the Center for Political Accountability who publishes an annual Corporate Political Disclosure and Accountability report to measure the political transparency and oversight practices of the entire S&P 500. We are one of 100 Trendsetter Companies to receive the top ranking for political disclosure and accountability due to our voluntary reporting efforts.

Our Board and its committees receive regular reports from senior managers on areas of material risk, including operational, financial, strategic, competitive, reputational, legal and regulatory risks, and how those risks are managed. The Public Policy and Environment (PPE) Committee of the Board has overall responsibility for Global Citizenship and sustainability/environmental issues, including climate-related issues and major investments in climate-related regulatory compliance. This Committee reviews and assesses environmental sustainability (including climate change), public policy, legal, health and safety and technology issues. It also reviews the Company's policies and procedures for complying with certain of its legal and regulatory obligations, including our internal Code of Conduct, and charitable and political contributions. This committee has its own charter, which is reviewed annually to assure ongoing compliance with applicable law and sound governance practices. Meeting agendas are development by the committee chair in consultation with committee members and senior leaders, who regularly attend the meetings. In 2021 this committee met 4 times (quarterly) and had a 95% attendance rate. Our Chief Sustainability Officer briefs this committee twice annually. The Board's Governance Committee also has oversight of certain public policy and sustainability matters. Internal Performance evaluations of the full Board and its committees are conducted annually.

International Paper has an integrated board and executive-level governance structure to oversee and set the tone on Environment, Social and Governance (ESG) topics across our businesses. The full board periodically reviews components of our sustainability strategy and performance including material ESG developments and issues. Within our Board of Directors, the Public Policy and Environment Committee (PPE) has oversight over environmental topics as well as public policy, legal, and health and safety issues or risks that could affect the Company. The Audit and Finance Committee (A&F) reviews processes and controls for external reporting, and the Management Development and Compensation Committee (MDCC) approves CEO stewardship-focused objectives and evaluates performance related to compensation. At the management level, our CEO and Senior Leadership Team are responsible for corporate sustainability strategy and leadership, with function-specific councils reporting to them. Our Stewardship Council is made up of representatives from areas across our businesses and functional teams. In addition, the Manufacturing Council, Environment, Health and Safety Council and the Global Diversity and Inclusion Council guide implementation of the related Vision 2030 goals and assess progress against them. In support of the Stewardship Council, the Renewable Solutions Steering Team, Global Certification and Sustainability Task Team and the Energy and GHG Steering Team develop the tactics needed to further advance implementation of our Vision 2030 goals and targets. Our Chief Sustainability Officer leads our Sustainability Team and is ultimately responsible for the development and execution of our sustainability strategy. In turn, the Sustainability Team coordinates activities across IP businesses and functional areas to deliver on our Vision 2030 targets.

Our Board of Directors also conducts periodic reviews of components of the sustainability strategy and performance and reviews material key sustainability-related developments and issues. They receive updates on sustainability issues at their briefings on identified dependencies, impacts, risks and opportunities from our Chief Sustainability Officer (CSO) and additional members of management. Two standing committees, Public Policy and Environment (PPE) and Audit and Finance, share responsibility on sustainability. [...] At the management level, ownership and governance of sustainability matters is embedded in the organization from the top down. Our CEO and Executive Leadership Team (ELT) are responsible for corporate strategy and leadership including incorporation of our sustainability goals and standards into our daily operations and long-term business strategy. Our ELT, which is comprised of leaders who oversee critical functions and business units within the Company, evaluates sustainability issues based on input from function-specific councils that report to the ELT. [...] A subcommittee of the Disclosure Committee reviews and provides input on IP's sustainability reporting each year. Significant changes to reporting practices are vetted through our corporate councils and steering teams.

#### Public Policy and Environment Committee (PPE Committee)

- Reviews sustainability and social impact policies,
plans and performance to ensure commitments to
stewardship.

- Stays current on emerging climate-related public
policy issues and risks.

In 2024, the PPE committee met four times and had a 100%
attendance rate. Our CSO, in collaboration with the corporate
controller and general counsel, delivers a sustainability reporting
update to the committee twice a year. Updates include progress
on our science-based target and opportunities to advance
progress.

**Public Policy and Environment Committee**

The primary purpose of International Paper's Public Policy and Environment Committee is:

- reviewing environmental, sustainability and social impact issues and risks (including climate change) and health and safety issues and risks potentially impacting the Company; contemporary and emerging public policy issues; and pertinent technology issues;

- reviewing the Company's health and safety policies, as well as environmental policies, to ensure continuous improvement and compliance; and

- reviewing the Company's policies and procedures for complying with certain of its legal and regulatory obligations, including our Code of Conduct, and reviewing our charitable and political contributions.

As of December 31, 2024, International Paper's Public Policy and Environment Committee is comprised of Jamie A. Beggs, Ahmet C. Dorduncu, Anders Gustafsson, Kathryn D. Sullivan, and Scott A. Tozier, with Kathryn D. Sullivan serving as the chair. The International Paper Board has affirmatively determined that Jamie A. Beggs, Ahmet C. Dorduncu, Anders Gustafsson, Kathryn D. Sullivan, and Scott A. Tozier meet the definition of an "independent director" under applicable NYSE rules.

We have a government relations team in Washington, D.C., various state capitals across the U.S. and in other countries where we operate. We regularly meet with public officials and policymakers and engage trade and business associations, customers, suppliers, employees, communities, labor and environmental groups on issues of mutual concern. Our policy positions are generally consistent with the trade associations, coalitions and other organizations in which we participate. IP consistently advocates our views on issues within organizations recognizing others may hold different policy priorities or solutions. While we may not agree with every position taken by these groups on every issue overall, we believe membership and engagement with trade associations, coalitions and other groups is critical for sharing industry best practices, research and data analysis which drives collaborative action and process improvements across a range of issues. We regularly review our needs and perspectives along with those of our trade associations, coalitions and other membership groups. [...] We sponsor the International Paper Political Action Committee (IP-PAC) in the U.S., which is funded by eligible employees who voluntarily choose to support political candidates and committees. All IP-PAC reports are available on the Federal Election Commission website. International Paper publishes a voluntary report of corporate political contributions on a semi-annual basis. For the eighth year in a row, International Paper earned the designation of CPA-Zicklin Index Trendsetter by the Center for Political Accountability who publishes an annual Corporate Political Disclosure and Accountability report to measure the political transparency and oversight practices of the entire S&P 500. We are one of 100 Trendsetter Companies to receive the top ranking for political disclosure and accountability due to our voluntary reporting efforts.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]We believe that public policy has a significant impact on creating the conditions for our success. We advocate and engage on a range of issues including energy efficiency, climate, recycling, supply chain efficiencies, combatting illegal logging, economic and environmental benefits of working forests, safety and others. We have a government relations team in Washington, D.C., various state capitals across the U.S. and in other countries where we operate. We regularly meet with public officials and policymakers and engage trade and business associations, customers, suppliers, employees, communities and labor and environmental groups on issues of mutual concern. Our policy positions are generally consistent with the trade associations, coalitions and other organizations in which we participate. IP consistently advocates our views on issues within organizations recognizing others may hold different policy priorities or solutions. While we may not agree with every position taken by these groups on every issue overall, we believe membership and engagement with trade associations, coalitions and other groups is critical for sharing industry best practices, research and data analysis which drives collaborative action and process improvements across a range of issues.

Our Climate Change statement outlines our climate change strategy has been approved by our Global Citizenship, Global Environmental Health & Safety Center of Excellence, Legal and Government Relations departments. All relevant activities are managed centrally by these departments. The statement is revised and updated timely to ensure its relevance. It covers the key objectives of our climate approach, and our commitment for deliberate and determined efforts to meet our GHG reduction commitments through 2030 and beyond.

The statement can be found on our corporate website: internationalpaper.com.

We also publish a voluntary report of political contributions on a semi-annual basis.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]We believe that public policy has a significant impact on creating the conditions for our success. We advocate and engage on a range of issues including energy efficiency, climate, recycling, supply chain efficiencies, combatting illegal logging, economic and environmental benefits of working forests, safety and others. We have a government relations team in Washington, D.C., various state capitals across the U.S. and in other countries where we operate. We regularly meet with public officials and policymakers and engage trade and business associations, customers, suppliers, employees, communities and labor and environmental groups on issues of mutual concern. Our policy positions are generally consistent with the trade associations, coalitions and other organizations in which we participate. IP consistently advocates our views on issues within organizations recognizing others may hold different policy priorities or solutions. While we may not agree with every position taken by these groups on every issue overall, we believe membership and engagement with trade associations, coalitions and other groups is critical for sharing industry best practices, research and data analysis which drives collaborative action and process improvements across a range of issues.