(UPM, Helsinki, 20 November, 2013 at 10:00 EET) – UPM was today announced as the sector leader for the materials industry at the launch of CDP’s forests annual report.
CDP’s forests program asks companies to disclose their exposure to deforestation risks through their use of five agricultural commodities that are responsible for most deforestation (palm oil, soy, biofuels, timber and cattle products).
CDP’s chief executive officer Paul Simpson says: “We applaud the work of UPM who has demonstrated leadership in the steps it has taken to address deforestation risks in its supply chain. Many other companies do not understand their potential exposure to these risks. At CDP, we provide the world’s largest system to enable businesses to disclose and understand these operational, reputational and supply chain risks, while alerting investors to the value implications.”
“UPM´s Biofore approach is based on renewables, and that´s why knowing the fibre sources and supply chains is essential for us. The company promotes sustainable forestry wherever it operates. We have increased transparency and verifications step by step, and the work is constant”, says Päivi Salpakivi-Salomaa, Head of Environment and Responsibility, UPM.
UPM ensures all wood and wood fibre is sustainably sourced, and company’s forests and plantations are certified. All of UPM’s wood supplies are covered by a third-party-verified chain-of-custody. The chain-of-custody and forest certifications are ways of promoting legal and sustainable wood sourcing.
The CDP’s forests program report is available on the CDP website, where the publicly available individual company forest responses can also be found.
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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 22,000 people and our annual sales exceed € 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM – The Biofore Company – www.upm.com
About CDP’s forest program