Recognised within climate change, forests and water
Borregaard has been recognised for leadership in corporate transparency and performance on climate change, forests and water security by global environmental non-profit CDP, securing a place on its annual ‘A List’.
Based on data reported through CDP’s 2022 Climate Change and Forests questionnaires, Borregaard is one of a small number of companies that achieved a double ‘A’ - out of nearly 15,000 companies scored.
Two A’s and an A-
Borregaard is recognised for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy. The company received an A for tackling climate change. 18,700 companies reported on climate change in 2022, of which 283 companies (1,5 %) made this year's climate change A List. The company also received an A for deforestation (timber). In addition, Borregaard scored an A- for water security. With these results Borregaard is among the highest scored companies on CDP’s list.
Sustainability is a key component of Borregaard’s business model and one of its three core values. The company offers green products with good climate and environmental properties that replace oil-based products. This is Borregaard’s fifth year on CDP’s ‘A List’.
“Sustainability is a top priority throughout Borregaard’s value chain, and significant sums are invested in this area. Both the way we run our company and the products we are producing are sustainable and meet global needs,» says President and CEO Per A. Sørlie.
CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. 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.
“Congratulations to all the companies on this year’s A List; environmental transparency is the first vital step towards a net-zero and nature-positive future. In a year of ever-increasing environmental concerns around the world – from extreme weather to unprecedented losses to nature – the need for transformational, urgent and collaborative change is more critical than ever,” says Dexter Galvin, Global Director of Corporations and Supply Chains at CDP.
The full list of companies that made this year’s CDP Climate Change A List is available here, along with other publicly available company scores: https://www.cdp.net/en/companies/companies-scores
Borregaard operates one of the world's most advanced and sustainable biorefineries. By using natural, renewable raw materials, the company produces advanced and environmentally friendly biochemicals that can replace oil-based products in sectors such as agriculture and aquaculture, construction, pharmaceuticals and cosmetics, foodstuffs, batteries and biofuels. Borregaard Group employs 1100 man-years in plants and sales offices in 13 countries throughout Europe, Asia and the Americas.
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 680 financial institutions with over $130 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Nearly 20,000 organizations around the world disclosed data through CDP in 2022, including more than 18,700 companies worth half of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.