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.”
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