UPM wins sustainability recognition

UPM has been ranked 23rd in the list of the 100 most sustainable corporations by the Corporate Knights, a Canadian-based media and research company. UPM is the only company listed in the paper and forest products category.

Corporate Knights analysed 7,500 companies with revenues more than $1bn. Its 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% of each company's score measures the percentage of revenues earned from products and services that have environmental or well-defined social benefits. CDP recognises UPM for its actions to tackle deforestation in its supply chain with global and sustainable sourcing of key commodities linked to deforestation. As an international non-profit organisation CDP drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. In 2018 over 7,000 companies with over 50 per cent of global market capitalisation disclosed environmental data through CDP. "For UPM, driving top performance is clearly linked to responsible business conduct and innovating  sustainable and safe products and solutions for growing global consumer demand. Thanks to our strong position in forest biomass value chain, we see the limitless potential of bioeconomy in replacing fossil-based materials in various applications and industries. To summarise, it is in the core of our biofore strategy to innovate for a future beyond fossils," said Sami Lundgren, vice president, responsibility, UPM.