Return on net operating assets (RONOA) is a core measure of financial sustainability that measures how effectively we use our asset base to generate profit.
In 2017 Sappi North America achieved a 4.7 percent RONOA, down only slightly from the prior year due to very challenging conditions in graphics and release markets. Disciplined cost management and strong performance in our dissolving wood pulp helped to offset the impact of these headwinds.
Global CEO highlights company's sustainable growth
Dear North American colleagues and stakeholders,
2017 was a good year for Sappi globally, with the focus and energy of our people enabling us to deliver another strong set of results built on the momentum of past years. In North America, good cost management and strong contributions from our Specialised Cellulose business offset some of the weak market conditions in the graphics and release businesses.
by Sean Tennerson, Program Officer, The Case Foundation
For those of you who know the Case Foundation, we’re bullish on the impact investing movement and the power of private capital for public good. While still a relatively small market, impact investments are surging, with some seeing a trillion-dollar market potential by 2020. Against that context, we do a lot of thinking about what is standing in the way of tipping significantly more interested investors to activated investors.
Barclays has launched a new report on the future of business scale-ups in the UK. This is the culmination of a partnership, established in January last year, with the business schools of both the University of Oxford and the University of Cambridge.
In the country at the Cape of Good Hope, social responsibility is not just a buzzword, but is brought to life in manifold ways. Volkswagen Group’s main focus for the region rests on education and on helping people to help themselves. Nonkqubela Maliza, Director of Corporate and Governmental Affairs at Volkswagen Group South Africa, explains: “We think on a long-term basis and always ask whether our contribution will ensure sustainable progress in the community.”