Metsä Board has again been highlighted as a global leader in corporate sustainability by CDP, a non-profit global environmental disclosure platform, by achieving a place on the CDP A List for both climate change and water security. This is the fourth consecutive year that the company has been included on the CDP Water A List and the third consecutive year on the CDP Climate A List. CDP has included Stora Enso on its new 2018 Climate A List. Source: Timberbiz
The CDP (formerly the Carbon Disclosure Project) is an organisation based in the United Kingdom which supports companies and cities to disclose the environmental impact of major corporations.
It aims to make environmental reporting and risk management business norm, and drive disclosure, insight and action towards a sustainable economy.
Metsä Board scored A- in the CDP’s Forest program and is among the top 27 companies placed on the global Water A List. This achievement is in recognition of Metsä Board’s actions in the last reporting year to manage water more sustainably.
Additionally, Metsä Board was among the top 126 of companies featured on the global Climate A List. This positioning is a recognition for the company’s activities in cutting emissions, mitigating climate risks and developing the low-carbon economy.
In 2018 more than 7000 companies disclosed through CDP.
In December 2017, Stora Enso became the first forest products company to set ambitious science-based targets for reducing greenhouse gas emissions throughout the value chain.
Stora Enso signed a Revolving Credit Facility (RCF) loan where part of the pricing is based on the group’s performance in reducing greenhouse gas emissions. Additionally, Stora Enso has published a Green Bond Framework and asks suppliers about their carbon dioxide emissions in all tenders.
Thousands of companies annually submit climate disclosures to CDP. In 2018, disclosures were requested by 650 investors representing more than USD 87 trillion in assets, and more than 7000 companies submitted their climate data.
