UPM shares first place in this year's Nordic Carbon Disclosure Leadership Index with score of 98 points; Finnish company has featured in index for four consecutive years
October 19, 2012
– UPM has received high scores for its climate change disclosure in the Nordic Carbon Disclosure Leadership Index. The index is compiled annually by the Carbon Disclosure Project (CDP). UPM was ranked in shared first place in the index with top scores: 98 points out of 100. UPM is featured in the index for the fourth consecutive year.
In the Nordic Carbon Disclosure Leadership Index high scores indicate good internal data management and understanding of climate change related issues affecting the company. The index highlights companies within the Nordic stock exchanges which have displayed the most professional approach to corporate governance in respect of climate change disclosure practices.
As the Biofore company, UPM provides sustainable products made from renewable and recyclable raw materials using low-carbon energy sources. UPM is constantly developing new solutions to respond the growing demand for carbon neutral products and renewable energy sources.
“This recognition honours our Biofore strategy and determined work with integrating sustainability into our businesses. Climate being one of the key areas of our sustainability performance, we have an excellent track record in emissions reduction as well as new innovations in the development of a low carbon economy,” says Päivi Salpakivi-Salomaa, Vice President, UPM Environment. “Good examples of our commitment to these issues are successful energy efficiency campaigns, investments in renewable energy and second generation advanced biodiesel production,” Salpakivi-Salomaa continues.
UPM is a frontrunner in the use of forest biomass as a fuel. Globally 67% of fuels used at UPM mills are biomass-based and 79% of the company’s electricity production is free from fossil CO2 emissions. UPM has invested over one billion euros in renewable biomass-based energy generation during the last decade.
Read more about Carbon Disclosure Project: www.cdproject.net