HELSINKI, Nov. 4, 2015 (Press Release) -UPM has achieved a top position on the Nordic Disclosure Leadership Index (CDLI) for the high quality of its climate change related information. UPM's score was 99 out of 100. This is already the 7th time in a row that UPM is listed on the CDLI.
Top scores indicate a high level of transparency in the disclosure of company's climate change-related information, such as data regarding carbon emissions and the use of energy. Top scores tell investors and other key stakeholders about company's accountability and preparedness for changing market demands and emissions regulation.
The CDP Nordic Performance Leadership Index (CPLI) classifies the companies according to their activities to reduce emissions. UPM's reduction percentage was not high enough to reach A level, but the result A- indicates the overall decrease in UPM's emissions and a good result as such.
"UPM's Biofore strategy responds clearly to the global challenges regarding climate change," says Päivi Salpakivi-Salomaa, VP, Environment and Responsibility, UPM.
"Our bio-based products enhance the shift from non-renewable to renewable, carbon neutral resources. We drive innovative business solutions in technologies, resource efficiency and production," she continues. "Our most important raw material, wood, comes from forests that are significant carbon sinks. Therefore using wood from sustainably managed forests is one of the cornerstones of our climate strategy," Salpakivi-Salomaa concludes.
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."
The 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.
Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 20,000 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki.
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 €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.