Forest Products Association of Canada (FPAC) welcomes Natural Resources Canada’s Clean Growth Program launched today in Ottawa. The $155-million program will fund clean technology projects, helping to reduce greenhouse gas emissions and improve environmental performance in the natural resources sector. Canada’s forest products sector was the first major Canadian industry to commit to helping the Government of Canada meet its carbon reduction goals. In 2016, the sector launched the 30 X 30 Climate Change Challenge, pledging to remove 30MT of C02 per year by 2030 – 13% of the government’s goal. “The Clean Growth Program will provide much needed support to forest product companies working hard to mitigate climate change,” says Derek Nighbor, CEO of FPAC. “We are a sustainable industry committed to doing our part to take care of the environment for generations to come.”
UPM has been listed as the forest and paper industry leader in the in the Dow Jones European and World Sustainability Indices (DJSI) for 2018-2019 for the sixth time.
“We create value by seizing the limitless potential of bioeconomy, this is what we are committed to do at UPM”, says Sami Lundgren, Vice President, UPM Environment and Responsibility.
Global megatrends and their impacts on the environment and society make it clear that a major turnaround in the use of non-renewable fossil-based products and materials is needed. As the leader of the bio-based forest industry UPM’s mission is to be a part of the solution.
“Creating value for society both as a company and through our renewable and responsible products is an essential part of the Biofore strategy, since our operations and products have an impact on society at large. Understanding our influence is a prerequisite for us to develop our operations and to respond to the needs of surrounding communities,” concludes Lundgren.
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.