British Innovest Strategic Value Advisors has ranked SCA as one of the world’s 100 most sustainable companies.
Once again, British Innovest Strategic Value Advisors has ranked SCA as one of the world’s leading companies with regards to environmental and social issues and strategic planning. SCA is the only company within the Paper & Forest Products category and one out of totally 5 Swedish companies in the 2008 ranking.
“We are really pleased about being on Innovest’s top 100 list and this is a direct effect of all the hard work that is continuously being carried out within our business groups,” says Patrik Isaksson, Vice President Environmental Affairs at SCA’s head office in Stockholm.
The chosen 100 companies are taken from a pool of approximately 1,800 international companies that have been evaluated about their environmental and social responsibility work and strategies etc.
“…Sustainability may be a moral issue for some, but we believe that real and sustained action will only be taken by those who understand how crucial this is to investment risk and returns,” says Matthew Kiernan, CEO of Innovest in a statement on their web site.
The purpose of the ranking is to provide investors – and other stakeholders – with an evaluation tool for deciding whether or not to invest in a company. This is especially important for the ethical investors around the world.
“Over the years we have noticed that advisory firms like Innovest focus more and more on social responsibility and ethical issues. This is primarily due to the demands of investors for better information to ensure that their funds are invested in companies with sound strategies for environment and corporate social responsibility,” explains Yogi Pillay, Director of Corporate Social Responsibility Programmes at SCA’s head office in Stockholm.
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SCA Packaging Europe
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