Holmen has received the highest rating for sustainability, Gold Standard, in a 2018 assessment by CSR analysis company EcoVadis. Holmen Forest's, Holmen Paper's and Holmen Paperboard's units have been assessed separately by EcoVadis, and all units have been assigned Gold Standard. This means Holmen is among the top two per cent of all companies evaluated by EcoVadis.
Holmen has opted to base its sustainability reporting on version core of the guidelines for sustainability reporting issued by the Global Reporting Initiative (GRI). Holmen has appointed KPMG to conduct a general review of the content in the Group’s GRI reporting. A complete GRI register and the auditors’ report can be found here on the Holmen website.
In 2017 Holmen was placed 21st in the prestigious Global 100 index of the 100 most sustainable companies in the world, with Holmen being the only company in the forest industry sector to make it onto the list. Almost 5 000 companies were evaluated for the index, which is based on an overall assessment of how a company handles issues such as resource management, employees and governance.
Holmen was awarded the Golden Peacock Global Award for Sustainability in 2017. The jury made particular reference to Holmen’s absorption of carbon dioxide in its growing forest and the climate benefit from its products. This is the first time a Swedish company has won in the sustainability category.
The CDP CLIMATE PROGRAM is the name of an international federation that in 2018 represented over 650 institutional investors with assets totalling almost SEK 800 billion. Using information from more than 7 000 listed companies, CDP has built up the world’s largest database of climate information. This information is made available to support strategic business and investment decisions.
Holmen has reported to the CDP Climate Program since 2007 and also to the CDP Forest Program since 2013. Surveys over the years have shown that Holmen has good management in place and a strategy to reduce the negative impacts of
climate change. In the evaluation of forest management, Holmen has been placed in the group for good leadership that ensures sustainable use of the forest’s resources for several years now.
Strategic choices and investments for the future have boosted Holmen’s sustainability profile and our capacity to tackle risks and opportunities in the field of climate and sustainability. For more information about our work on sustainability, see holmen.com.
MSCI places Holmen in its highest category, AAA in the MSCI ESG RATING, and has done so for many years – a fact that makes Holmen very proud. We are also very pleased with our stable ownership, which paves the way for steady, long-term development. MSCI assesses a large number of companies based on information in the public realm. When MSCI publishes its list of assessed companies, MSCI therefore chooses to limit the list to companies with the highest share trading volume. Holmen therefore does not appear on the list due to our stable ownership.
There is strong demand from financial analysts for detailed information on companies’ risks and opportunities in the areas of the environment, social responsibility and responsible corporate governance. International investors are increasingly seeking opportunities for investment in companies with sustainable development as an explicit goal.
Holmen is continuously evaluated by sustainability analysts and is included in a number of international sustainability indexes. These contacts serve as an important element of the ongoing stakeholder dialogue. Holmen’s inclusion, for several years now, in a number of sustainability indexes can be seen as testament to the company’s systematic handling of sustainability issues over a long period. Appearing in such indexes gives the work a stamp of quality and shows that the company is able to manage risks and opportunities alike. Both are key parameters for consideration by investors.
Reporting to the UN Global Compact, CDP, reporting in accordance with GRI and the Group’s annual report are effective ways of providing relevant data for analysis of Holmen.