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UPM only forestry and paper company in the Dow Jones Sustainability Indexes

Photo: UPM
Photo: UPM
Published by
Simon Matthis - 13 Sep 2012

UPM’s Biofore vision and consistent work on corporate responsibility has gained recognition: UPM has been listed as the only forestry and paper company worldwide in the Dow Jones Sustainability Indexes.

The company has been selected both as a Supersector Leader in Basic Resources sector and Forestry & Paper Sector Leader for 2012-2013 in the Dow Jones Sustainability Index (DJSI). UPM was chosen as an index component for both to the European and World Sustainability Index for 2012-2013.

The DJSI tracks the stock performance of the world's leading companies in terms of economic, environmental and social criteria. The DJSI follow a best-in-class approach, including companies across all industries that outperform their peers in numerous sustainability metrics.

“We are very happy that our work on corporate responsibility is recognised externally through both the Supersector Leader and the Forestry & Paper Sector Leader acknowledgments in the Dow Jones Sustainability Index. Continuous improvement in our environmental, social and financial performance is a fundamental part of UPM’s Biofore strategy. During the past year we have focused especially on material and resource efficiency – creating more with less is a key driver for us. I would also like to highlight our company-wide safety initiative that has been a top leadership priority”, says Jussi Pesonen, CEO, UPM.

UPM was assessed as the best company in environmental dimension within Forestry & Paper sector with very high scores.

The DJSI review has been announced by Sam Sustainable Asset Management AG who stated in its report: ”UPM has emerged as the new frontrunner in the forestry and paper sector. Its “Biofore” business strategy strongly promotes economic, social, and environmental sustainability throughout its business operations.”

The annual review of the DJSI is based on a thorough analysis of corporate economic, environmental and social performance, assessing issues such as climate change strategies, supply chain standards, labour practices, corporate governance and risk management.