November 10th, 2014

Holmen recognized as a world leader on climate change

Pulp and paper company Holmen has been listed on the Climate Disclosure Project (CDP)’s A list: the CDP Climate Performance Leadership Index 2014 for its action on reducing its carbon emissions.

The index lists 187 companies identified as demonstrating a superior approach to climate change mitigation. It was compiled 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 are 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.”

News source (external website)