Borregaard has been recognised for its sustainability leadership in climate change, forests and water security by global environmental non-profit organisation, CDP, securing a place on its prestigious ‘A’ lists for climate change and forest. Borregaard also received an A- score for water security.
Borregaard is one of a small number of companies that achieved an ‘A’ in two or more categories, out of over 13,000 companies that were scored based on data submitted through CDP’s questionnaires in 2021. Through significant demonstrable action on climate, forest and water risks Borregaard is leading on corporate environmental ambition, action and transparency worldwide.
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 fourth 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. 13,126 companies reported on climate change in 2021, of which 200 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 scores Borregaard is among the highest scored companies on CDP’s list.
“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. 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,” says CEO of CDP Paul Simpson.
Gold standard
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. Those that don’t disclose or provide insufficient information are marked with an F.
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