UPM receives all-time high EcoVadis score thanks to its renewed social responsibility agenda

Investor news 18.8.2022 13:00 EEST

EcoVadis has recognised UPM on a Platinum level based on the company’s sustainability performance in the following four categories: Environment, Labour and human rights, Ethics and Sustainable procurement. Only one per cent of the 90,000 global companies assessed received the Platinum score.

Compared to previous years’ assessments, UPM received its all-time high score of 87/100. “The main improvement steps were taken in the Labour and human rights category. We have introduced several new social responsibility targets for 2030, focusing strongly on diversity and inclusion and fair rewarding. We have also developed our human rights due diligence processes and reporting,” says Sami Lundgren, VP, Responsibility at UPM. “The EcoVadis sustainability rating helps our customers assess the responsibility of their suppliers. UPM’s renewed Platinum rating recognises the work we have done to promote sustainability in the whole value chain.”

EcoVadis assesses the performance of globally operating companies in more than 200 purchasing categories and in more than160 countries. The rating is based on a comprehensive assessment of the companies’ sustainability operations, including verified, public information about supply chain practices. EcoVadis also carries out a 360° screening of the assessed companies based on information and data in the media and other public sources.

For further information, please contact:
Sami Lundgren, VP, UPM Responsibility, tel. +358 40 580 0910

UPM, Media Relations
Mon-Fri 9:00-16:00 EET
tel. +358 40 588 3284

We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility, we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 17,000 people worldwide and our annual sales are approximately EUR 9.8 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com

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EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 160+ countries. https://ecovadis.com/