"Naturally we're delighted and proud to be included in the new GC 100 index," says Lars Strömberg, Holmen's director of sustainable and environmental affairs. "The UN Global Compact is an important platform for companies committed to sustainable development and the GC 100 index is a welcome addition."
Since 2007 Holmen has been a member of the UN Global Compact in which companies report their operations under ten principles covering human rights, social conditions, the environment and anti-corruption. The GC 100 combines these results with a profitability requirement.
The UN Global Compact developed the GC 100 in partnership with research firm Sustainalytics. The GC 100 comprises a representative group of Global Compact companies selected on the basis of their adherence to the Global Compact's ten principles and evidence of executive leadership commitment. The GC 100 tracked the stock market performance of these companies over the past three years and compared the results against a broad market benchmark, the FTSE All World.
"The companies in the GC 100 show a total return surpassing the general global stock market. This means that work on sustainability is a factor that is attracting increasing attention from investors," says Lars Strömberg.