2012 Integrated report - Sappi

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Sustainability continued Our key sustainability drivers continued Creating shareholder value Our business is built on a renewable and sustainable resource, woodfibre, the growing and harvesting of which supports local employment as well as many small businesses, individual farmers, contractors and rural communities. Our paper and pulp mills are mostly situated in peri-urban or rural areas where they are the largest or one of the largest employers and businesses. These mills also support significant local economic activity including everything from the provision of security and cleaning services to the supply of raw materials, goods transportation and specialised maintenance work. In all the communities where we operate we also contribute to health and welfare services, education and other community services. In some instances we also contribute to public infrastructure. As a public company, we contribute to the economies where we operate through the taxes and fees we pay, and by focusing on delivering acceptable profitability we create value for our shareholders and our staff. Sappi’s products add value to people’s lives each and every day. Our dissolving wood pulp is turned into viscose fabrics and textiles, and used in foodstuffs, cosmetics and pharmaceutical products. Our graphics papers are used for commercial printing including magazines, brochures, catalogues, direct mail, corporate reports and calendars. Our packaging papers are used for convenience food, fast food and to protect and transport fresh produce. Our speciality, security and release papers are used for consumer goods, labels, and a variety of other applications including new South African passport, regarded as the most advanced and secure passport globally. Sappi Forests supports local employment as well as many small businesses. Growing awareness of environmental impact has increased the demand for natural and renewable products, a demand which Sappi is well placed to meet. Adding value 2012: US$1,913 million 2011: US$2,125 million 2010: US$1,981 million 5% 5% 4% 16% 15% 14% 24% 55% 23% 57% 25% 57% • To employees as salaries, wages and other benefits • Reinvested to grow the business • To lenders of capital as interest • To governments as taxation 26
Focus on innovation Knowledge, insight and innovation drive progress and competitive advantage in all successful businesses. Forestry R&D in Sappi Southern Africa is no different. The team recently participated in the mapping of the Eucalyptus genome which will support improvements to this commercial timber species. Using natural cloning techniques, the team have been able to increase fibre yields by 60% in 15 years; improve disease resistance and produce more consistent fibres; all critical to the increased quality and production of paper pulp and dissolving wood pulp in the South African business. sappi Integrated Report 2012 27
Page 1 and 2: Sappi Group (Sappi Limited) INTEGRA
Page 4: About this report Introduction Our
Page 7 and 8: 2012 was a year that positioned us
Page 9 and 10: global Sales by source 2012: US$6,3
Page 11 and 12: Non-financial highlights Specific p
Page 13 and 14: performance the region as a whole.
Page 15 and 16: The restructuring of our paper oper
Page 17 and 18: Group overview continued Q&A with R
Page 19 and 20: Focus on product development Produc
Page 21 and 22: 4 electricity steam black liquor pu
Page 23 and 24: commitment Europe Our European empl
Page 25 and 26: iodiversity Sustainable fibre suppl
Page 27 and 28: Exciter value delivery was US$23.9
Page 29: market leaders > Print is particula
Page 33 and 34: Pulp Share of sales paper pulp + di
Page 35 and 36: governance Deenadayalen (Len) Konar
Page 37 and 38: guidance Executive management Mark
Page 39 and 40: Review of operations Sappi Fine Pap
Page 41 and 42: streamlined The closure of the Bibe
Page 43 and 44: Focus on skills development Sappi c
Page 45 and 46: accelerate Capacity (’000) Divisi
Page 47 and 48: progress The year ahead The demand
Page 49 and 50: US$ million September 2012 Septembe
Page 51 and 52: Share statistics 2012 2011 2010 200
Page 53 and 54: Chief financial officer’s report
Page 55 and 56: positive Section 2 Financial perfor
Page 57 and 58: improvement Operating profit exclud
Page 59 and 60: cost reduction Taxation The tax exp
Page 61 and 62: service Sappi Fine Paper North Amer
Page 63 and 64: priority Section 4 Cash flow In the
Page 65 and 66: Defined benefit liabilities US$ mil
Page 67 and 68: Group debt profile We show the majo
Page 69 and 70: performance Section 6 Share price p
Page 71 and 72: Governance and compensation Corpora
Page 73 and 74: encourage Audit committee The audit
Page 75 and 76: Group IT steering committee The Gro
Page 77 and 78: During 2012 a board committee was e
Page 79 and 80: Governance element Principle Summar
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External assurance providers Report
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Principle Chapter 7 - Internal audi
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Stakeholder engagement report Sappi
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Compensation report The two large s
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strategic The primary components of
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Component Purpose Characteristics V
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competitive The policy on fatalitie
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empower Service contracts Mr Boëtt
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The dissolving wood pulp capacity c
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Focus on local communities Our busi
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Directors’ approval The directors
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Audit committee report for the year
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Directors’ report for the year en
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Group income statements for the yea
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Group statements of cash flows for
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Group income statements in Rands (c
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Group statements of cash flows in R
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Notes to the group annual financial
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Annexure A - Investments at Septemb
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Glossary market pulp - pulp produce
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Glossary net operating assets - tot
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Notice to shareholders “Resolved
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Notice to shareholders “Resolved
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Notice to shareholders Annexure to
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Notice to shareholders The MOI prov
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Shareholder’s diary Annual genera
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Notes to proxy The form of proxy mu
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Inspired to co-create We operate wi
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2012 Integrated report - Sappi

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