HELSINKI, Oct. 8, 2013 (Press Release) - UPM has achieved a top position in Carbon Disclosure Project's (CDP) Nordic 260 Climate Disclosure Leadership Index (CDLI) for the fifth year running. UPM was ranked in the index with top scores: 99 points out of 100 maintaining the leadership position in its sector.
The achievement was announced today in the CDP Nordic 260 Climate Change Report 2013, which tracks how the world's largest listed companies are acting in response to a changing climate.
In the Nordic Carbon Disclosure Leadership Index high scores indicate good internal data management and understanding of climate change related issues affecting the company. The index highlights companies within the Nordic stock exchanges which have displayed the most professional approach to corporate governance in respect of climate change disclosure practices.
"This recognition addresses our Biofore strategy and determined work with integrating sustainability into our businesses. Climate being one of the key areas of our sustainability agenda, we have an established track record in emissions reduction not only in traditional ways but also in new innovations like renewable wood-based biofuels," says Päivi Salpakivi-Salomaa, Vice President, UPM Environment.
UPM is a frontrunner in the use of forest biomass as a fuel. Globally 65% of fuels used at UPM mills are biomass-based and 81% of the company's electricity production is free from fossil CO2 emissions. UPM has invested over one billion euros in renewable biomass-based energy generation during the last decade.
Read more about Carbon Disclosure Project: www.cdp.net
UPM leads the integration of bio and forest industries into a new, sustainable and innovation-driven future. Our products are made of renewable raw materials and are recyclable. UPM consists of three Business Groups: Energy and Pulp, Paper, and Engineered Materials (until 31 October 2013). The Group employs around 22,000 people. The company is present in 67 countries and has production plants in 17 countries. UPM's annual sales exceed € 10 billion. UPM's shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com