Acknowledged industry leader
Top listing in key indices
Over the past few years UPM’s performance and consistent work in the field of corporate responsibility has received recognition from many external parties. Here are some examples:
UN Global Compact LEAD
In September 2019 we were again recognised as a Global Compact LEAD participant for our strong engagement to the United Nations Global Compact, the world’s largest corporate sustainability initiative. UPM is among the 36 global companies to receive this recognition alongside other leading corporations, such as Danone, Nestle S.A., Novozymes ja Unilever.
We have had the LEAD participant status since 2016 and are still the only forest industry company and the only Finnish company in this distinguished network.
To be eligible for a LEAD participant, companies must join at least two Global Compact Action Platforms. We have participated to two Action Platforms: ‘Reporting on the SDGs’ and ‘Decent work in global supply chains’. Companies also need to demonstrate engagement with the initiative and commitment to defining and fostering leadership practices in line with the Global Compact Ten Principles and the Sustainable Development Goals. In addition, the companies are to report on their progress on implementing the Ten Principles on annual basis.
For more information, please check
Gold Class distinctions in RobecoSAM's Sustainability Yearbook 2019
In February 2019 we were listed in the RobecoSAM Sustainability Yearbook 2019, achieving the Gold Class distinction. We were one of the top-scoring companies in our industry and receive this recognition for our excellent sustainability performance. The evaluation is made by using RobecoSAM’s annual Corporate Sustainability Assessment (CSA).
Read more: RobecoSAM Sustainability Yearbook 2019
Dow Jones Sustainability Index
lists sustainability leaders from each industry, both on a global and regional level.
The annual review of the DJSI is based on a thorough analysis of corporate economic, environmental and social performance, assessing issues such as climate change mitigation, supply chain standards, labour practices, corporate governance and risk management.
On the 16 September 2019, UPM was listed as the forest and paper industry leader in the Dow Jones European and World Sustainability Indices for 2019-2020.
Read more on our press release on 16 September 2019
AAA in MSCI ESG ratings
In 2019, UPM received a rating of AAA in the MSCI ESG Ratings assessment.
MSCI ESG Research provides MSCI ESG ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers.
Corporate Knights - 100 most sustainable corporations
In January 2020 we were ranked on the 24th place in the list of 100 most sustainable corporations by the Corporate Knights, the Canadian-based media and research company. We are the only company listed in the Paper and Forest Products category.
Corporate Knights analysed 7,395 companies with revenues more than USD 1 billion. The Global 100 Index use determined quantitative sustainability indicators, including carbon productivity (revenue-to-tonne-CO2 ratio), the percentage of taxes paid and board gender diversity, for example. 50 per cent of each company’s score[PVU1] measures the percentage of revenues earned from products and services that have environmental or well-defined social benefits.
More information about Corporate Knights and the 100 ranking
Water Efficiency Frontrunner in China
In January 2018 we were selected as a Water Efficiency Frontrunner in Jiangsu Province and China at large. The qualification process, including on-site audits and a review of all relevant documentation, was done by the China Ministry of Industry and Information Technology and Ministry of Water Resources. As a frontrunner, we set the industry benchmark for the promotion of water efficiency in China. In total, 11 companies received this highest level of recognition in China. UPM is the first and only company to be awarded this title in Jiangsu Province.
Platinum level LEED® green building certification for UPM's head office Biofore House in Helsinki, Finland
In January 2019 our Biofore House in Helsinki was awarded a platinum level LEED® green building certification. It is the first platinum level certification achieved with version LEED v4 for Building Operations and Maintenance and third in Europe. The achieved certification level verifies the building’s excellent energy and environmental performance.
Bioenergy Industry Leadership award
In December 2017 UPM Biofuels was chosen as the Bioenergy Industry Leader at the 2017 Platts Global Energy Awards - often described as the Oscars of the energy industry. UPM Biofuels was nominated for its wood-based, low-emission advanced UPM BioVerno biofuels, and its one-of-a-kind commercial scale biorefinery in Lappeenranta, Finland. UPM outperformed energy companies from nearly 30 countries on four continents, including some of the world's leading energy giants.
Read more in UPM press release 8th December 2017.
Nordic bioeconomy - 25 cases for sustainable change
The Nordic Bioeconomy Panel under The Nordic Council of Ministers has chosen UPM BioVerno and GrowDex® for the Nordic bioeconomy - 25 cases for sustainable change catalogue.
UPM BioVerno is a renewable diesel made of crude tall oil, a wood residue from pulp production. GrowDex® is a wood-based nanocellulose hydrogel developed for the needs of the pharmaceutical industry.
AAA on CDP's listing for Climate, Forests and Water
In February 2020 CDP recognised us as one of the only six Triple A List companies globally for our significant actions to mitigate climate risk, prevent deforestation and enhance water stewardship. We were featured on the A List for Climate, Forests and Water out of thousands who were evaluated in 2019.
By scoring businesses from A to D-, CDP evaluates organisations’ activities from being transparent; being aware of the issue; managing the issue and finally being the leader. As an international non-profit organisation CDP drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. In 2019 over 8,400 companies with over 50 per cent of global market capitalisation disclosed environmental data through CDP.
Read more on our press release 3rd February 2020
Read more on CDP’s website.
Platinum level in responsible sourcing assessment by EcoVadis
In May 2020 the global sustainability ratings provider EcoVadis recognised UPM on the highest possible Platinum level for its responsible sourcing performance. The assessment is based both on UPM’s performance as a supplier and the company’s requirements against its own supply chain.
EcoVadis’s methodology covers four themes: environment, labor and human rights, ethics and sustainable procurement and it’s based on leading standards, such as GRI, UN Global Compact and ISO 26000. The assessment process and methodology are supervised by an international scientific committee.
UPM’s score was 82/100 which is the highest in the company’s five-year-history in the EcoVadis network. The Platinum score was given only to one per cent of roughly 65 000 companies assessed.
EcoVadis acts as a trusted partner for procurement teams all over the world and helps the organisations to reduce risks and drive innovation in their sourcing activities. EcoVadis network covers over 60 000 businesses in almost 200 industry categories and 155 countries. Also UPM Sourcing uses EcoVadis to assess its suppliers.
Read more on EcoVadis web site: https://ecovadis.com/
Euronext Vigeo Europe 120 Index
UPM has been listed on the Euronext Vigeo Europe 120 Index since 2015. This index recognizes companies achieving advanced standards of excellence in Environmental, Social and Governance performance. The 330 index components are reviewed every six months in December and June.
Global Compact Stock Index
UPM has been included in the United Nations Global Compact 100 since 2013. Combining corporate sustainability and baseline financial performance, this global stock index recognizes 100 companies selected for their adherence to the Global Compact’s ten principles as well as evidence of executive leadership commitment and consistent baseline profitability.
UPM forest management practises recognised by FAO
The Food and Agriculture Organization of the United Nations (FAO) recognised UPM for its exemplary forest management practices in June 2015. The recognition was conferred by the Forestry General Direction of Uruguay as part of a National Workshop titled “Methodological Transfer of Exemplary Cases of Sustainable Forest Management”.
STOXX Global ESG Leaders Index
The STOXX Global ESG Leaders Index is a listing of leading global companies based on environmental, social and governance (ESG) criteria and indicators provided by Sustainalytics. UPM has been listed since the launch of the index in 2011.