UPM awarded by Storebrand for leading performance on sustainable development

Archive 31.3.2011 17:00 EEST

(UPM, Helsinki, 31 March 2011)  –The Norwegian Storebrand group has awarded UPM with the Best in Class status for prominent environmental, social and governance performance.  Storebrand Group is a leading player in the Nordic markets for pensions, life and health insurance, banking and asset management.

Butterfly.gifIn the accreditations, Storebrand underlined
UPM’s long-term commitment to improve its environmental performance. Storebrand
highlighted e.g. UPM’s global biodiversity program
and company’s consistent work to reduce CO2 emissions and to increase the share of ecolabeled product offering.

“UPM’s comprehensive and robust management systems to handle sustainability issues have resulted to concrete improvements. Furthermore, Storebrand is convinced that UPM will continue to improve on sustainability parameters in the future by keeping an active dialogue with its stakeholders,” says Christine Tørklep Meisingset, Head of Sustainable Investments, Storebrand.

UPM´s Biofore strategy entails a long term commitment to economic, social and environmental responsibility through the whole lifecycle of our products and operations. UPM’s key areas in social responsibility are leadership, people development, working conditions and community involvement. The Group’s environmental responsibility focus on sustainable products, climate, water, forest and waste. The company is develops its performance continuously, aiming towards achieving long term targets set for 2020.

Storebrand's symbol of excellence, the butterfly, is awarded to companies that have earned Best in Class status for leading environmental, social and governance (ESG) performance. Only those companies ranking in the top 30 percent of Storebrand's corporate responsibility performance analyses are considered Best in Class. These companies qualify for inclusion in Storebrand's Best in Class funds. For more information on Storebrand’s Best in Class ranking, please visit http://www.storebrand.no/site/stb.nsf/Pages/bestinclass.html

For further information please contact:
Ms. Päivi Salpakivi-Salomaa, Vice President, Environmental Affairs , tel. +358 400 754 748

UPM, Corporate Communications
Media Desk, tel. +358 40 588 3284