Transcription of 2020 Annual Performance Summary
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2020 Annual Performance Summary
2020 Annual Performance SummaryWHO WE ARE We are one of the world s leading producers of renewable, fiber-based packaging, pulp and WE DO We improve people s lives, the planet and our company s Performance by transforming renewable resources into products people depend on every day. HOW WE DO IT We do the right things, in the right ways, for the right reasons, all of the time this is The IP Way. Together, The IP Way and our Core Values of Safety, Ethics and Stewardship serve as our guideposts as we carry out our Mission. The IP Way Forward is our strategic framework for pursuing our Vision and creating value for all stakeholders for generations to Vision is to be among the most successful, sustainable and responsible companies in the than 25,000 Customers in 150 Countries$21 Billion Net Sales in 2020 Approximately 48,000 EmployeesAbout the cover: A forest is one of nature s most powerful systems to capture carbon dioxide, purify water and create diverse plant and animal habitats, and they provide economic opportunity for millions of people.
2020 ANNUAL PERFORMANCE SUMMARY | 1 • We paid $800 million in dividends to our shareowners in 2020, bringing our five-year total to $5.2 billion returned through dividends and share repurchases. This represents just over 50% of our free cash flow in that five-year period.
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