Borregaard has been recognised for leadership in corporate transparency and performance on climate change and water security by global environmental non-profit CDP, securing a place on its annual ‘A List’. Borregaard also received an A- score for forests.
Borregaard is one of a small number of companies that achieved an ‘A’ in two or more categories, out of over 21,000 companies scored.
Sustainability is a key component of Borregaard’s business model and one of its three core values. The company offers sustainable products with good climate and environmental properties that replace oil-based products. This is Borregaard’s fifth year on CDP’s Climate ‘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.
Two A’s and an A-
Borregaard received an A for tackling climate change. Over 23,000 companies reported on climate change in 2023, of which 346 companies (1.5%) made this year's climate change A List. The company also received an A for water security. 481 companies reported on water security in 2023 and 101 (2.1%) made the A list. In addition, Borregaard scored an A- for deforestation (timber). With these scores Borregaard is among the highest scored companies on CDP’s list.
“It is only by laying the groundwork of disclosure that companies can show they are serious about the vital part they play in securing a net-zero, nature-positive future. Earning a place on the A List is about more than the score. It’s an indication of high quality, complete data that equips companies with a holistic view of their environmental impact, serves as a baseline for transition plans and – crucially – enables them to follow through on their ambitions,” says CEO of CDP Sherry Madera.
Largest environmental database
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. In 2023, over 740 financial institutions with over US$136 trillion in assets requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 23,000 companies responded.
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 provide insufficient information are scored an F.
The full list of companies that made this year’s CDP A List is available here: https://www.cdp.net/en/companies/companies-scores