SCA has been awarded the Institute for the Accounting Profession in Sweden's (FAR) prestigious prize for the Best Sustainability Report 2009 in the category Large companies. The award was presented today at Finforum 2010, an international conference in Stockholm, Sweden, focusing on market communications in listed companies.
The FAR jury's citation:
"The SCA Board of Directors discloses relevant sustainability information in the Annual Report as well as in a separate Sustainability Report for 2009, and by this demonstrates that sustainability issues are well established and highly integrated in the company's business model."
"A systematic account with clear sustainability targets enables open and transparent dialogue with our stakeholders. SCA's sustainability programmes constitute a strategically important and integrated part of the operations that we conduct to generate growth and value. Also, our sustainability activities enhance our competitiveness, reduce our costs and lower our risk level", says Jan Johansson, President and CEO of SCA.
In addition, SCA recently received a citation for the Best Corporate Governance Report within the framework of a competition organised by PwC to highlight leading examples in the application of the Swedish Code of Corporate Governance. SCA received the citation for "a precise and coherent presentation with the theme of ‘Governance' as the common thread throughout the report."