UPM assessed as industry leader in environmental sustainability
Finland’s energy and pulp UPM group has again been named among the world's sustainability leaders. The company has retained its position in both the Dow Jones European and World Sustainability Indices (DJSI) for 2013-2014. Furthermore, the company has been assessed as the industry leader in environmental sustainability within the Paper and Forest Products sector with top scores.
We are extremely pleased that our work on corporate responsibility has again been recognised. The foundation for corporate responsibility at UPM is the company's Biofore strategy. Innovation plays a key role in developing resource-efficient solutions for a more sustainable world. For instance, we are building the world's first biorefinery to produce second-generation renewable diesel in Finland. We aim to become a major player in Europe in the production of renewable, high quality advanced biofuels, says Jussi Pesonen, CEO, UPM.
”In the area of social responsibility, we have focused on work safety. Our safety initiative launched at the beginning of 2012 has resulted in exceptional success. UPM's global Lost Time Accident Frequency (LTAF) has decreased by more than 40% in less than 2 years”, added Jussi Pesonen.
The annual Corporate Sustainability Assessment is conducted by an investment specialist RobecoSAM, and is based on a rigorous analysis of economic, environmental and social performance of the world's leading companies, assessing issues covering climate change strategies, supply chain standards, labour practices, corporate governance and risk management. The DJSI follows a best-in-class approach, recognising companies across all industries that outperform their peers in sustainability metrics.
UPM leads the integration of bio and forest industries into a new, sustainable and innovation-driven future. Our products are made of renewable raw materials and are recyclable. UPM consists of three Business Groups: Energy and pulp, Paper, and Engineered materials. The Group employs around 22,000 people. UPM is present in 67 countries and has production units in 17 countries. UPM annual sales exceed EUR 10 billion. UPM shares are listed on the Helsinki stock exchange.www.upm.com