HELSINKI, Nov. 16, 2020 (Press Release) -UPM has been listed as the forest and paper industry leader in the Dow Jones European and World Sustainability Indices (DJSI) for 2020-2021.
“Population growth, climate change and the scarcity of natural resources call for companies to take proactive actions. Finding alternatives to fossil materials and meeting global challenges is at the core of UPM's Biofore strategy,” says Sami Lundgren, VP, UPM Responsibility.
“In 2020, we have taken significant steps to advance our responsibility agenda. In January, we became one of the world’s first forest industry companies that committed to the UN’s Business Ambition for 1.5°C and to science-based measures to mitigate global warming. Furthermore, we have established a Green Finance Framework and integrated our responsibility targets of sustainable forest management, emission reductions and innovative bioeconomy products into the company's long-term financing,” Sami Lundgren continues.
“We congratulate UPM for being included in the world DJSI. DJSI distinction is a reflection of being a sustainability leader in your industry. With a record number of companies participating in the 2020 Corporate Sustainability Assessment and more stringent rules for inclusion this year, this sets your company apart and rewards your continued commitment to people and planet,” says Manjit Jus, Global Head of ESG Research and Data, S&P Global.
“We have set ambitious sustainability targets and worked hard to reach them. We are very proud of this recognition,” Sami Lundgren concludes.
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. As the industry leader in responsibility we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 18,700 people worldwide and our annual sales are approximately EUR 10.2 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils.