‘The Canadian forest products industry is part of the solution to the problem of climate change,” says David Lindsay, President and CEO of FPAC. “Our vast renewable forest resource and the actions of our forest companies are truly making a difference to this crucial issue.” Trees absorb the carbon dioxide (CO2) that causes climate change. The forest sector also reduces dependence on fossil fuels by using residuals and byproducts to produce renewable energy. In addition, forest products such as biomaterials and bio-chemicals store CO2 and can replace products made from materials with a heavier carbon footprint. This storage can also be prolonged through recycling.
Global packaging and paper leader Mondi has been recognised by CDP with a prestigious Triple A score for the second year in a row. Of the nearly 12,000 organisations rated, Mondi is one of only 14 worldwide to achieve a Triple A score for its sustainability performance on climate, forests and water security.
“Our purpose is to contribute to a better world by making packaging and paper sustainable by design. Achieving another ‘Triple A’ score from CDP is a testament to our continued efforts in leading the way on sustainability and reporting transparently on our progress. This rating acknowledges our clear ambitions and best-practice approach to taking action on climate, protecting forests and safeguarding water resources in line with our MAP2030 sustainability framework.” Gladys Naylor, Group Head of Sustainable Development at Mondi
Paul Simpson, CEO of CDP, said: “Many congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, even more so in the year of COP26 and the IPCC’s Sixth Assessment Report. The scale of the risk to businesses from climate change, water insecurity and deforestation can no longer be ignored, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector is essential for securing global ambitions for a net-zero, nature positive and equitable world. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”
CDP is a global non-profit that runs the world’s leading environmental disclosure platform. Its annual disclosure and scoring process is widely recognised as the gold standard of corporate transparency. In 2021, over 13,000 companies worth over 64% of global market capitalisation disclosed their environmental data through CDP, an increase of 37% since 2020. More than 590 investors with US$110 trillion in assets and 200 purchasing organisations representing US$4 trillion spend have requested environmental data from companies through CDP.