Holmen included in the UN's global stock index
United Nations Global Compact 100 is a global stock index that includes one hundred selected companies that shows a strong financial performance combined with a sustainable business. Holmen is one of five Swedish companies and the only Sweden-based forest industry company included in the index.
“We are very pleased and proud to once again be part of the Global Compact 100 index,” says Lars Strömberg, Holmen’s director of sustainable and environmental affairs. “The UN Global Compact is an important platform for companies committed to sustainable development and the Global Compact 100 index has quickly been established and made an impression.”
Holmen has been a member of the UN Global Compact since 2007, in which companies report their operations in accordance to ten principles covering human rights, social conditions, the right to establish trade unions, environment and anti-corruption. The stock index combines these results with a basic requirement of profitability.
The index is developed in partnership with research firm Sustainalytics and consists of a representative group of selected Global Compact companies, based on their compliance with the Global Compact's ten principles, evidence of executive management commitment and financial performance. The index was introduced in 2013 and is updated annually.
“Companies in the Global Compact 100 show an overall return that exceeds the general global stock market. This indicates that active sustainability work is an important success factor while receiving increasing interest from investors,” says Lars Strömberg.
For more information about the index, visit United Nations Global Compact 100.
For more information, please contact:
Lars Strömberg, director of sustainable and environmental affairs, Holmen, phone +46 (0)70 668 90 18
Holmen is a forest industry group that manufactures printing paper, paperboard and sawn timber and runs forestry and energy production operations. In 2013 Holmen’s net sales were approx. SEK 16 billion and the group has approx. 3,700 employees. Holmen’s shares are listed on Nasdaq Stockholm, Large Cap. For more information, visit www.holmen.com
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