SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

  

Date of Report (Date of earliest event reported): May 12, 2022

 

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WestRock Company

(Exact name of registrant as specified in charter)

 

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(770) 448-2193

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).  Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

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On May 12, 2022, WestRock Company issued a press release announcing the release of its 2021 Sustainability Report. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The 2021 Sustainability Report can be found at https://westrock.com/sustainability and is incorporated herein by reference.

The information in this Item 7.01, including the corresponding Exhibit 99.1 and the 2021 Sustainability Report, is being furnished with the U.S. Securities and Exchange Commission (SEC) and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

This Form 8-K and the exhibits attached hereto and incorporated herein by reference contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on our current expectations, beliefs, plans or forecasts and are typically identified by words or phrases such as “may,” “will,” “could,” “should,” “would,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “target,” “prospects,” “potential” and “forecast,” and other words, terms and phrases of similar meaning. Forward looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties. We caution readers that forward-looking statements are not a guarantee of future performance and that actual results could differ materially from those contained in forward-looking statements. Our businesses are subject to a number of general risks that would affect any such forward-looking statements. These risks are described in our filings with the Securities and Exchange Commission, including in Item 1A under the caption “Risk Factors” in our annual report on Form 10-K for the year ended September 30, 2021.

Item 9.01  Financial Statements and Exhibits

FOR IMMEDIATE RELEASE

WestRock Publishes 2021 Sustainability Report and Announces Validated Science-Based Target for Greenhouse Gas Reductions

ATLANTA, May 12, 2022 -- WestRock Company (NYSE: WRK), a leading provider of sustainable paper and packaging solutions, today announced the publication of WestRock’s 2021 Sustainability Report, detailing the comprehensive efforts the company is making for, and with, customers to imagine and deliver on the promise of a sustainable future. The report reveals validation of WestRock’s greenhouse gas (GHG) emissions reduction target by the Science Based Targets Initiative (SBTi) alongside its refreshed sustainability goals.

“Sustainability and innovation are fundamental to our vision to become the world’s best paper and packaging company,” said WestRock CEO David B. Sewell. “We’re proud of the major strides we’ve made over the last year by investing in sustainability, supporting our teammates and setting meaningful, transparent targets to hold ourselves accountable. The measurable targets we’ve put forth in the report demonstrate how we deliver valuable support and innovation to our customers. It captures how we’re helping them reach their sustainability goals while winning in the marketplace.”

The report advances WestRock’s sustainability strategy, emphasizing the key environmental, social and governance (ESG) components of its core pillars:

•	Striving for a 100% safe culture by driving continuous improvement to reduce risk in the workplace and by supporting our teammates’ well-being

•	Investing in programs and systems to advance our leadership in diversity, inclusion and belonging for our teammates, customers, industry and communities

•	A science-based target to reduce:

o	Absolute Scope 1 and Scope 2 GHG emissions by 27.5% by 2030 from a 2019 base year

o	Absolute Scope 3 GHG emissions from purchased goods and services, fuel and energy activities, upstream and downstream transportation and distribution, and end of life treatment of sold products by 27.5% by 2030 from a 2019 base year

•	Promoting sustainable forestry and seeking to ensure forests where we operate remain forest positive by:

o	Sourcing 100% of virgin fiber from responsibly managed forests

o	Investing in the future of sustainable forestry by supporting certification of 1.5 million acres of forestland to recognized forest management standards by FY30

 

Innovating for Our Customers and Their Customers: Innovating to achieve a more circular economy.

•	By 2025, 100% of WestRock's products will be recyclable, compostable or reusable, driving the transition to a more circular economy through cutting edge innovation

The report continues to align with Global Reporting Initiative (GRI) and Sustainable Accounting Board (SASB) standards.

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Forward-looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on our current expectations, beliefs, plans or forecasts and are typically identified by words or phrases such as “may,” “will,” “could,” “should,” “would,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “target,” “prospects,” “potential” and “forecast,” and other words, terms and phrases of similar meaning. Forward looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties. We caution readers that forward-looking statements are not a guarantee of future performance and that actual results could differ materially from those contained in forward-looking statements. Our businesses are subject to a number of general risks that would affect any such forward-looking statements. These risks are described in our filings with the Securities and Exchange Commission, including in Item 1A under the caption “Risk Factors” in our annual report on Form 10-K for the year ended September 30, 2021.