(UPM, Helsinki, 19 October 2012 at 12.00 EET) – 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
For further information please contact: Päivi Salpakivi-Salomaa, Vice President, UPM Environment, tel. +358204150396.
UPM, Corporate Communications Media Desk, tel. +358 40 588 email@example.com/UPM_News
Notes for editors:
About UPMUPM leads the integration of bio and forest industries into a new, sustainable and innovation-driven future. Our products are made of renewable raw materials and are recyclable. UPM consists of three Business Groups: Energy and pulp, Paper, and Engineered materials. The Group employs around 24,000 people and it has production plants in 16 countries. UPM's annual sales exceed EUR 10 billion. UPM's shares are listed on the Helsinki stock exchange. UPM – The Biofore Company – www.upm.com
About CDPThe Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world. Thousands of organizations across the world’s largest economies now measure and disclose their greenhouse gas emissions and climate change strategies through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 655 institutional investors, with combined assets under management in excess of $78 trillion, as well as purchasing organizations and government bodies and made available for integration into business and policy decision making. For more information visit www.cdproject.net