UPM Ranked at Top in Nordic Climate Change Disclosure Leadership
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UPM, Helsinki, Finland, reports that it received high scores for the company's 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 that have displayed the most professional approach to corporate governance in respect of climate change disclosure practices.
UPM says that, as the Biofore company, it provides sustainable products made from renewable and recyclable raw materials using low-carbon energy sources. The company, it adds, is constantly developing new solutions to respond to the growing demand for carbon neutral products and renewable energy sources.
"This recognition honors our Biofore strategy and determined work by 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, VP, 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 carbon dioxide emissions. UPM invested more than EUR 1 billion in renewable biomass-based energy generation during the past decade.
More information about UPM's Carbon Disclosure Project is available online.
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