|Mets? Board recognised by CDP as a leader in climate change transparency
Metsä Board has been awarded a position in the CDP’s Nordic Climate Disclosure Leadership Index (CDLI). MetsäBoard achieved an excellent score of 98 out of 100 for the depth and quality of climate change data it discloses to investors and the global marketplace.
High scores indicate that a company provides robust climate data and conveys a strong understanding of corporate climate-related issues. Only companies with a score in the top 10% are awarded a position in the CDLI, showing they have provided a high level of transparency in their disclosure of climate-related information.
Mika Joukio, CEO of Metsä Board, says: “We are delighted to have gained such a significant score for our data submission and that it has helped us win a place in the Nordic CDLI. It is a tribute to commitment of everyone within Metsä Board, as sustainability lies at the heart of our organisation, and will motivate us to increase our efforts in the future.”
CDP disclosure scores are provided to investors and other decision makers through various channels, including Bloomberg terminals, to help them assess corporate preparedness for changing market demands and emissions regulation.
Leadership status is earned by submitting climate change information through CDP’s global environmental disclosure system for independent assessment against CDP’s scoring methodology. The score threshold for entering the Nordic CDLI rose to 95 in 2014.
Complete lists of CDP leaders along with the climate disclosures of all companies publicly taking part in CDP’s climate change programme this year is available on CDP’s website
CDP is an international, not-for-profit organisation providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 767 institutional investors with assets of US$92 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate-change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions.