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UPM recognized again as one of 41 Global Compact LEAD participants for its commitment to corporate responsibility

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UPM recognized again as one of 41 Global Compact LEAD participants for its commitment to corporate responsibility

September 21, 2020 - 04:03
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HELSINKI, Finland, Sept. 21, 2020 (Press Release) -UPM has been again recognised as a UN Global Compact LEAD participant for its strong commitment to responsible business. UPM has had the LEAD participant status since 2016 and is the only forest industry representative and also the only Finnish company among the 41 LEAD participants. UN Global Compact is the world’s largest corporate sustainability initiative. UPM signed the initiative already in 2003.

“LEAD companies represent the highest level of engagement with the UN Global Compact. More than ever before, the world needs businesses of all sizes that continuously work to improve their sustainability performance and take action to build a better world,” says Sanda Ojiambo, CEO and Executive Director of the UN Global Compact.

“Responsibility is at the core of our Biofore strategy and we are committed to continuous improvement and replacing fossil materials. This year, we signed the UN’s 1.5 °C climate target and pursue to take science-based measures to limit global warming,” says Sami Lundgren, Vice President, Responsibility, UPM. “Our goal is to mitigate climate change and drive value creation through innovating novel products, committing to a 65% CO2 emission reduction and by practicing sustainable forestry,” he continues.

To be eligible for LEAD status, a company must be a participant in at least two Global Compact Action Platforms. Companies also need to demonstrate engagement with the initiative and commitment to defining and fostering leading practices in line with the UN Global Compact Ten Principles for responsible business and the Sustainable Development Goals. In addition, the companies are to report on their progress on implementing the Ten Principles on annual basis.

“We are privileged to be among other distinguished global sustainability leaders, and we are continuously striving to further improve our performance in all areas of corporate responsibility”, Sami Lundgren concludes.

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. 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.