SWEDEN (News release) -- In its latest ESG Risk Ratings, the sustainability analysis company Sustainalytics has ranked BillerudKorsnäs the most sustainable enterprise to invest in within the packaging sector. For the renowned Swedish company, this top ranking is proof positive that its unswerving focus on sustainability has paid off. The Dow Jones Sustainability Index already ranks BillerudKorsnäs the most sustainable packaging company in the world.
In its annual assessment, the sustainability analysis company Sustainalytics rates BillerudKorsnäs as having low risk exposure combined with a strong approach to sustainability issues. In fact, BillerudKorsnäs was awarded an ESG Risk Rating score of 10.0, where low figures represent low risk, putting the company in first place among all the packaging companies analysed.
BillerudKorsnäs has improved its ESG score in relation to last year, moving up the rankings to an impressive 88th place among the 12,000 companies included in the Sustainalytics evaluation. According to Sustainalytics, BillerudKorsnäs has the lowest sustainability risk within its industry at global level, resulting in it being awarded top spot among a total of 80 packaging companies. BillerudKorsnäs is also assessed as presenting a lower ESG risk than any of the paper and forestry companies included in the Sustainalytics evaluation.
"The improvement proves that all our hard work and tightly structured sustainability initiatives, where we focus on those areas where we can make the biggest difference, are being recognised from the perspective of investment as well," says Malin Ljung Eiborn, Director Sustainability at BillerudKorsnäs.
The areas in which BillerudKorsnäs is assessed as being particularly strongly placed are carbon dioxide emissions from own production and work with health and safety.
"I am reminded on a daily basis of how important sustainability issues are for both institutional investors and smaller savers. So it is delightful to see that Sustainalytics has awarded us such a high rating," adds Lena Schattauer, Head of Investor Relations at BillerudKorsnäs.