Packaging Corp of America

Lobbying Governance

AI Extracted Evidence Snippet Source

###### Board Oversight

PCA's Board of Directors oversee the critical risks and financial impacts related to climate change and the direction we take as a company at the highest level. The Board receives regular updates from the Chair of our Sustainability Committee on climate related trends, issues, risks and opportunities that have a direct and indirect impact on the company's overall business operation. In addition to our Board, we have a Carbon Neutrality Team who are responsible for the operational and strategic aspects of our climate change related activities.

- Sustainability Committee: comprised of four Board members including our Chief Executive Officer, our Sustainability Committee oversees the company's practices, performance and strategy regarding environmental, health and safety, sustainability and corporate responsibility. PCA's Senior Vice President, Tax, ESG and Government Affairs and our Senior Vice President, Corporate Engineering and Technology attend every meeting of this Committee and provide updates on various sustainability matters including regulatory developments and impacts, climate related risks and opportunities, and progress updates on our evaluation of carbon capture technology including permanent carbon dioxide storage solutions. The Committee Chair regularly updates our full Board on these matters.

- Carbon Neutrality Team: made up of a cross-functional group of key engineering, environmental, government affairs, legal, operational, procurement, tax and sustainability employees, our Carbon Neutrality Team provides strategic direction for, and oversees our carbon reduction efforts. This team meets nearly every week to discuss progress on strategic initiatives, opportunities, and risks that are related to the company's climate strategy and is co-sponsored by PCA's Senior Vice President, Tax, ESG and Government Affairs and Senior Vice President, Corporate Engineering and Technology.

###### Role of Management

Various groups and individuals across our operations take part in helping PCA execute our climate strategy, including identifying and analyzing efficiency improvements and opportunities, and the evaluation and implementation of climate-related business activities. PCA's Senior Vice President, Tax, ESG and Government Affairs provides oversight for the ESG and Corporate Sustainability team, which coordinates PCA's ESG and corporate sustainability strategy and activities, including ESG reporting and climate change matters. This group helps integrate PCA's decarbonization strategy in collaboration with other functional teams, leads our ESG reporting efforts, and evaluates and reports on different ESG and sustainability topics and the impacts on our business. The ESG and Corporate Sustainability team provides guidance to the company's leadership on key sustainability and ESG trends.

https://www.packagingcorp.com/filebin/pdf/ResponsibilityReports/PCA_2023_Responsibility_Report_TCFD_Index.pdf

Monitoring of the regulatory landscape regarding EH&S matters, carbon emissions and land and energy use relevant to the company's operations in light of climate change and review and oversight of the company's governmental relations and public policy initiatives with respect to such matters.

https://www.packagingcorp.com/filebin/pdf/CorporateGovernance/Sustainability_Committee_Charter.pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]We contribute to public comments submitted by our trade association the American Forest & Paper Association. The most pertinent recent example includes comments on the SEC proposed rules on climate-related disclosures.

CDP Questionnaire Response 2022

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years

CDP Questionnaire Response 2023