UPM gains valuable sustainability recognitions by Corporate Knights and CDPPress Release 22.1.2019 11:00 EET
(UPM, Helsinki, 22 January 2019 at 11:00 EET) - UPM has today been ranked on the 23rd place in the list of 100 most sustainable corporations by the Corporate Knights, the Canadian-based media and research company. UPM is the only company listed in the Paper and Forest Products category. On the same date the company is also highlighted as a global leader on the CDP Forest A List.
Corporate Knights analysed some 7,500 companies with revenues more than USD 1 billion. The Global 100 Index use determined quantitative sustainability indicators, including carbon productivity (revenue-to-tonne-CO2 ratio), the percentage of taxes paid and board gender diversity, for example. 50 per cent of each company's score measures the percentage of revenues earned from products and services that have environmental or well-defined social benefits.
CDP recognises UPM for its actions to tackle deforestation in its supply chain with global and sustainable sourcing of key commodities linked to deforestation. As an international non-profit organisation CDP drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. In 2018 over 7,000 companies with over 50 per cent of global market capitalisation disclosed environmental data through CDP.
"For UPM, driving top performance is clearly linked to responsible business conduct and innovating sustainable and safe products and solutions for growing global consumer demand. Thanks to our strong position in forest biomass value chain, we see the limitless potential of bioeconomy in replacing fossil-based materials in various applications and industries. To summarise, it is in the core of our Biofore strategy to innovate for a future beyond fossils," Sami Lundgren, Vice President, Responsibility, UPM says.
"The Global 100 companies show that doing what is good for the world can also be good for financial performance," Toby Heaps, CEO of Corporate Knights says.
"As the severity of environmental risks to business becomes ever more apparent, the companies receiving CDP Forest A List are the ones, who are positioning themselves to provide solutions, seize new market opportunities and thrive in the transition to a sustainable economy," Paul Simpson, CEO of CDP highlights.
For further information please contact:
Sami Lundgren, Vice President, Responsibility, UPM, tel. +358 405 800 910
UPM, Media Relations
Mon-Fri 9:00-16:00 EET
tel. +358 40 588 3284
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. We employ around 19,100 people worldwide and our annual sales are approximately EUR 10 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore - Beyond fossils. www.upm.com
The Global 100 and Corporate Knights
The Global 100 is an annual project initiated by Corporate Knights. Corporate Knights Inc. includes the sustainable business magazine Corporate Knights and a research division that produces rankings and financial product ratings based on corporate sustainability performance.
CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$87 trillion, CDP leverages investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 7,000 companies with over 50% of global market capitalisation disclosed environmental data through CDP in 2018. This is in addition to the over 750 cities, states and regions who disclosed, making CDP's platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP, formerly Carbon Disclosure Project, is a founding member of the We Mean Business Coalition. Visit www.CDP.net or follow us @CDP to find out more.