ESPOO, Finland, Nov. 4, 2015 (Press Release) -Metsä Board, part of Metsä Group, is identified as a Nordic leader for the quality of its climate change related information, disclosed to investors and the global marketplace, by CDP, the international not-for-profit organisation that drives sustainable economies. Scoring 100/100, Metsä Board has been awarded a position on the Nordic Disclosure Leadership Index (CDLI), in the Nordic edition of CDP's annual global climate change report.
Metsä Board has earned its position on the index by disclosing high quality carbon emissions and energy data through CDP's climate change programme. The reported data has been independently assessed against CDP's scoring methodology and marked out of 100. Those organisations graded within the top 10 per cent in the region constitute the CDLI.
"Our strategy to combat climate change concentrates on three areas: increasing use of bioenergy; improving resource and energy efficiency; and lightweighting our paperboards. Inclusion in the CDLI is welcome recognition that we are communicating our efforts successfully and transparently," says Mika Joukio, CEO of Metsä Board. "We gained a significant score of 100/100, improving on last year. It is also gratifying that it follows our award of a place on this year's CDP Water A List."
At the request of 822 investors who represent EUR 86 trillion in assets, thousands of companies submit annual climate disclosures to CDP. Top scores indicate a high level of transparency in the disclosure of climate change-related information, providing investors with a level of comfort to assess corporate accountability and preparedness for changing market demands and emissions regulation.
Paul Dickinson, executive chairman and co-founder of CDP says: "As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable. For this reason we congratulate those businesses that have achieved a position on CDP's Climate Disclosure Leadership Index."
CDP's annual global climate change report, along with the climate scores of all companies publicly taking part in CDP's climate change program this year, is available on CDP's website.
CDP, formerly Carbon Disclosure Project, is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 822 institutional investors with assets of EUR 86 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. More than 5,500 companies disclosed environmental information through CDP in 2015. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions.
Metsä Board is a leading European producer of fresh forest fibre folding boxboards and white linerboards as well as a market pulp supplier. Its lightweight paperboards are developed as the perfect fit for consumer goods, retail-ready and food service packaging. Pure fresh forest fibres are a renewable resource traceable to origin in northern forests, and recyclable after use.
Metsä Board's global sales network supports customers worldwide, including brand owners, converters and merchants. In 2014, the company's sales totalled EUR 2.0 billion, and it has approximately 2,600 employees. In 2015, Metsä Board was awarded a place on the CDP's Water A List, as a world leader for its corporate action on water security.
Metsä Board, part of Metsä Group, is listed on the NASDAQ OMX Helsinki.