Borregaard recognised with prestigious ‘A’ score for climate change
Borregaard has been recognised for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change for the third year in a row. Borregaard is one of 9,600 companies reporting to CDP last year, only 270 of these made the climate change ‘A List’.
Borregaard was recognised for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy, based on the data reported by the company through CDP’s 2020 climate change questionnaire.
Borregaard is one of a small number of high-performing companies out of 5,800+ that were scored. Through significant demonstrable action on climate, Borregaard is leading on corporate environmental ambition, action and transparency worldwide.
CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. In 2020, over 515 investors with over US$106 trillion in assets and 150+ major purchasers with US$4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. Over 9,600 responded – the highest ever.
A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provided insufficient information are marked with an F.
“Sustainability is a key component of Borregaard’s business model and one of our core values. We offer green products with good climate and environmental properties that replace oil-based products. An A score with CDP is a good confirmation that we are on the right track,» says President and CEO of Borregaard Per A. Sørlie.
“We extend our 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, and is even more impressive in this challenging year marked by COVID-19,” says CEO of CDP Paul Simpson.
The full list of companies that made this year’s CDP A List is available here, along with other publicly available company scores: https://www.cdp.net/en/companies/companies-scores
Borregaard has one of the world's most advanced biorefineries. Using natural, sustainable raw materials, Borregaard produces advanced and environmentally friendly biochemicals and biomaterials that can replace oil-based products. Borregaard has 1100 employees in 16 countries and is a global market leader in lignin-based products.
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$106 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2020. This is in addition to the hundreds of cities, states and regions who have disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition. Visit https://cdp.net/en or follow us @CDP to find out more.