Essity Honored by CDP for Sustainability Efforts
Essity, a global leader in hygiene and health products, has recently been recognized by CDP, a renowned environmental non-profit organization. This acknowledgment places Essity on CDP’s prestigious "A List" for its outstanding commitment to corporate transparency regarding forests. In addition, the company has achieved an impressive A- rating for its climate initiatives, reinforcing its dedication to sustainable practices.
Engagement in Global Sustainability Practices
Each year, thousands of companies around the globe participate in CDP's assessment, which scrutinizes over 22,000 businesses from 130 countries. This initiative evaluates various criteria including emissions targets, governance, initiatives for change, and collaborations throughout the value chain. Impressively, only a small fraction—about 4%—of these participating companies made it to the coveted A-list in the recent assessment.
Essity's Commitment to Sustainability Goals
Essity’s recognition highlights the company's unwavering dedication to sustainable practices. According to Sahil Tesfu, the company’s Chief Strategy & Sustainability Officer, this accolade serves as evidence of Essity's ongoing commitment to sustainability across its entire value chain. The company's ambitious goal is to achieve net-zero emissions by 2050 while engaging in the Science Based Targets initiative since 2017. This commitment also includes improving the lives of over a billion consumers who utilize their products daily.
Importance of Forests and Biodiversity
Forests are vital for preserving biodiversity and combating climate change. As a prominent global buyer of fresh and recycled wood-based materials, Essity prioritizes responsible sourcing. The company ensures that all the wood fiber they utilize is certified and sourced through recognized third-party Chain of Custody systems such as the Forest Stewardship Council (FSC) and the Programme for the Endorsement of Forest Certification (PEFC).
Targeting Significant Emission Reductions
Essity has set a concrete plan to achieve net zero by 2050, with an immediate target to cut emissions by 35% by 2030 throughout its entire value chain. This encompasses every aspect, from its manufacturing processes and purchased goods to transportation and product waste. The company emphasizes collaboration with partners to amplify progress in meaningful areas across its value chain.
Global Recognition of Corporate Environmental Transparency
CDP’s work is significant, operating the world's largest database dedicated to environmental information. Their annual assessment processes are widely considered crucial benchmarks for measuring corporate performance and transparency in environmental sustainability.
Frequently Asked Questions
What is CDP and why is it significant?
CDP is a non-profit organization that influences companies and governments to reduce greenhouse gas emissions and safeguard water resources. It provides a platform for businesses to disclose their environmental strategies, making it a key player in promoting sustainability.
What does an A-list rating from CDP indicate?
Being on the A-list signifies that a company has demonstrated outstanding corporate sustainability, transparency, and commitment to tackling environmental challenges like deforestation and climate change.
How has Essity contributed to environmental sustainability?
Essity has made significant strides in environmental sustainability, including responsible sourcing of raw materials, setting ambitious emission reduction goals, and actively participating in global sustainability initiatives.
What are the long-term goals of Essity?
Essity aims to achieve net-zero emissions by 2050, with interim goals to reduce overall emissions by 35% across its value chain by 2030.
How does Essity engage with its supply chain for sustainability?
Essity collaborates with partners throughout its supply chain to enhance sustainability, focusing on responsible sourcing and overall impact reduction initiatives.
