For its actions to reduce carbon emissions and mitigate the business risks of climate change, Holmen has been awarded with a position on The A List: The CDP Climate Performance Leadership Index 2014.
The index presents 187 listed companies identified as demonstrating a superior approach to climate change mitigation. It has been produced at the request of 767 investors who represent more than a third of the world’s invested capital by CDP, the international NGO that drives sustainable economies.
Information provided by nearly 2,000 listed companies has been independently assessed and ranked accordingly. Holmen is one of the 187 that has been awarded an A grade for its climate performance, earning a position on this global ranking of corporate efforts to mitigate climate change.
Holmen is one of six Swedish companies on the A-list and together with Finnish UPM the only forestry companies awarded the highest rating.
Lars Strömberg, Holmen’s director of sustainable and environmental affairs comments: “Holmen’s strategy of investing in energy boilers for biofuels at both Iggesund Mill and at the mill in Workington has been crucial to our success. The use of fossil fuels and carbon emissions have fallen considerably. The fact that Holmen appears high in this assessment is proof that active work on energy and climate and clear communication about this strengthen both Holmen’s brand and our credibility in the field of sustainability.”
CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 767 institutional investors with assets of US$92 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate-change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net to find out more.