UPM makes CDP's A list as one of only six Triple A list companies globally to mitigate climate risk

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UPM makes CDP's A list as one of only six Triple A list companies globally to mitigate climate risk

February 03, 2020 - 05:27
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HELSINKI, Feb. 3, 2020 (Press Release) -The global non-profit, CDP, has recognised UPM as one of the only six Triple A List companies globally for its significant actions to mitigate climate risk, prevent deforestation and enhance water stewardship. UPM was featured on the A List for Climate, Forests and Water out of thousands who were evaluated in 2019.

“We are truly honoured to receive this recognition. A leadership position on the A List in all three dimensions of CDP shows that our ambitious 2030 responsibility targets and working towards them is seen globally significant,” says Sami Lundgren, Vice President, Responsibility, UPM.

“We aim for continuous improvement, which is also reflected by our recent commitment to the UN Business Ambition for 1.5°C with dedication to climate-positive forestry, ambitious CO2 emission reductions and new product innovations,” Sami Lundgren continues.

UPM aims to create positive value as a company and through its products. Switching to renewable, wood-based materials and products play a crucial role in this. UPM only uses raw materials originating from sustainably managed forests, where biodiversity is secured.

“Our biodiversity programme has been an integral part of our global forestry operations for more than 20 years. We are developing validated methods to measure the impact of our actions on biodiversity. In production, continuous improvement by eg. decreasing emissions and by ensuring efficient use of water, is an essential part of responsible business conduct,” Sami Lundgren says. 

CDP’s annual disclosure and assessment process is widely recognised as the gold standard of corporate environmental transparency. In 2019, over 500 investors with over USD 96 trillion in assets requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform and over 8,400 responded.

Paul Simpson, CEO of CDP: “Congratulations to the companies that achieved a position on CDP’s A List this year for leading environmental performance and transparency. The scale of the business risks due to climate change, deforestation and water insecurity is vast - as are the opportunities from addressing them - and it’s clear that the private sector has a vital role to play. The A List companies are leading the market in sustainability, tackling environmental risks and setting themselves up to thrive in tomorrow’s economy.”

The full list of companies that made this year’s CDP A List, along with other publicly available company scores, is available on CDP web site. 

UPM

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 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.

CDP

CDP is a global 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 USD 96 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 8,400 companies with over 50% of global market capitalisation disclosed environmental data through CDP in 2019. This is in addition to the over 920 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 is a founding member of the We Mean Business Coalition.