Print and paper firms rated as leaders on climate action

A number of companies in the print, pulp, paper and forest sectors have been rated as global leaders on corporate climate action by non-profit global environmental disclosure platform CDP.

Industry names featured on the organisation’s 127-strong Climate Change A List included The Navigator Company, Metsä Board, Stora Enso and Xerox.

They were recognised for their activities in the last reporting year in cutting emissions, mitigating climate risks and developing the low-carbon economy.

The Navigator Company chief executive Diogo da Silveira said: “We are proud of this international recognition from CDP and our aim is to go even further and to be a carbon neutral company by 2035.”

Stora Enso executive vice-president of sustainability Noel Morrin added: “We are proud of this recognition of our long-term work to reduce our emissions.

“For over a decade we have been actively reducing the energy intensity of our operations and our dependence on fossil fuels. In December 2017, Stora Enso became the first forest products company to set ambitious science-based targets for reducing greenhouse gas emissions throughout our value chain.”

The Climate Change A List is published by CDP each year, alongside similar lists for leadership on protecting forests and water security.

Thousands of companies annually disclose data about their environmental impacts, risks and opportunities to CDP for independent assessment against its scoring methodology.

Companies receive scores of A to D- for how effectively they are tackling climate change, deforestation and water security, while those that don’t disclose or provide insufficient information are marked with an F.

CDP assesses companies on the comprehensiveness of their disclosure, their awareness and management of environmental risks and their demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.

Metsä Board was recognised on both the Climate Change A List as well as CDP’s 27-strong Water Security A List. The business also scored A- in CDP’s Forest programme.

“We all need to act to combat climate change. Sustainability has to be an integral part of a responsible business and it must lead to concrete actions,” said Metsä Board chief executive Mika Joukio.

“I am proud that the work we do at Metsä Board was once again acknowledged by CDP and that we held our A level rating in both Climate and Water programmes.”

CDP chief executive Paul Simpson added: “As the severity of environmental risks to business becomes ever more apparent, these are the companies that are positioning themselves to provide solutions, seize new market opportunities and thrive in the transition to a sustainable economy.

“We need to urgently scale up environmental action at all levels in order to meet the goals of the Paris Agreement and the Sustainable Development Goals. It’s clear that the business world is an essential player in this transition and the A List companies are set to make a substantial contribution to those goals.”