BillerudKorsnäs receives A rating in CDP's Forests A List for tackling deforestation and protecting forests

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BillerudKorsnäs receives A rating in CDP's Forests A List for tackling deforestation and protecting forests

January 24, 2019 - 01:08
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SOLNA, Sweden, Jan. 24, 2019 (Press Release) -BillerudKorsnäs has been highlighted as a global leader in tackling deforestation by environmental impact non-profit CDP, achieving a place on the CDP Forests A List.

Every year thousands of companies disclose data about their environmental impacts, risks and opportunities to CDP for independent assessment against its scoring methodology. In 2018, companies were requested to do so by over 650 investors. Companies receive scores of A to D- for how effectively they are tackling climate change, deforestation and water security, while those that don’t disclose or provide insufficient information are marked with an F.

BillerudKorsnäs has been recognized for its actions in the last reporting year to tackle deforestation in its supply chain with sustainable sourcing of key commodities linked to deforestation globally, based on their 2018 disclosure to CDP.

CDP’s scoring for forests is done through the lens of the four commodities that cause most deforestation: timber, cattle, soy and palm oil. Companies need to score an A on at least one of these forest-risk commodities to get onto the Forests A List.

This ranking is an acknowledgment that BillerudKorsnäs works in a long-term sustainable way with our forests as a raw material. This work has to be seen in a larger perspective which is not just about the forest but about all the work needed to protect our climate, ”says Malin Ljung Eiborn, Head of Sustainability at BillerudKorsnäs.

CDP assesses companies on the comprehensiveness of their disclosure, their awareness and management of environmental risks and their demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.

BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4400 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm.