UPM announced that it has been recognized by EcoVadis on a Platinum level based on the company’s sustainability performance in the following four categories: Environment, Labour and human rights, Ethics and Sustainable procurement. Only one per cent of the 90,000 global companies assessed received the Platinum score.
Compared to previous years’ assessments, UPM received its all-time high score of 87/100. “The main improvement steps were taken in the Labour and human rights category. We have introduced several new social responsibility targets for 2030, focusing strongly on diversity and inclusion and fair rewarding. We have also developed our human rights due diligence processes and reporting,” says Sami Lundgren, VP, Responsibility at UPM. “The EcoVadis sustainability rating helps our customers assess the responsibility of their suppliers. UPM’s renewed Platinum rating recognizes the work we have done to promote sustainability in the whole value chain.”
EcoVadis assesses the performance of globally operating companies in more than 200 purchasing categories and in more than160 countries. The rating is based on a comprehensive assessment of the companies’ sustainability operations, including verified, public information about supply chain practices. EcoVadis also carries out a 360° screening of the assessed companies based on information and data in the media and other public sources.