UPM receives acknowledgement for its climate actionsPress Release 10/25/2016 11:00 AM UTC
(UPM, Helsinki, 25 October 2016 at 14:00 EET) - UPM has been included in the CDP Climate A List. UPM is featured in the CDP's climate change program for the eight years in a row for its climate actions and transparent climate reporting.
UPM's Biofore strategy meets the challenges set by climate change on many levels: it promotes sustainable forestry, resource efficient production and the manufacturing of recyclable products that are based on renewable raw materials.
"Apart from actions, also the quality of reporting matters. Investors and other important stakeholders use our public data to evaluate how well we tackle global climate challenges and changes in market conditions and comply with related regulations", says Sami Lundgren, Vice President, Environment & Responsibility.
"We are committed to the continuous improvement of our operations and are regularly monitoring the achievement of our climate-related targets. And verified reporting proves the reliability of provided data", Sami Lundgren tells.
Towards better climate performance through concrete actions and 2030 climate targets
UPM updated its 2030 responsibility targets in 2015. The new targets were influenced not only by the company's Biofore strategy but also by the UN's Sustainable Development Goals (SDGs). UPM's climate targets for 2030 include reducing the fossil carbon dioxide emissions from own combustion and purchased electricity by 30% as well as reducing acidifying flue gases by 20%. One of UPM's continuous targets is to maximise the business benefits of greenhouse gas claims, which aims to reduce greenhouse gas emissions.
"We are determined to work towards these targets in many ways", Sami Lundgren continues. "One example is the UPM Shotton paper mill in the UK, where UPM has invested in a condensing turbine power plant. The plant turns excess low-pressure steam into renewable energy. Another example is the Otepää plywood mill in Estonia, where the construction of a new biomass power plant was completed this year. The new plant will replace an older plant running partly on oil," Sami Lundgren lists.
"We congratulate the 193 A List companies that are leading the charge towards our low carbon future. Companies are key actors in enabling the global economy to achieve its new climate goals, and the leadership of this group points the way for others to take bold action and capitalize on the many opportunities that await," says CDP's chief executive officer Paul Simpson.
Learn more about UPM's climate strategy and about the role UPM's wood-based renewable diesel UPM BioVerno plays in promoting the UN SDG 13 (Climate Action) upmbiofore.com.
The Climate A List, along with the climate scores of all companies publicly taking part in CDP's climate change program this year, is available on CDP's website, https://www.cdp.net/en.
For further information please contact:
Sami Lundgren, Vice President, UPM, Environment & Responsibility, tel. +358 40 580 0910
UPM, Media Relations
tel. +358 40 588 3284
Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper ENA (Europe and North America) and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,600 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com