Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Metso continues to be included in the Climate Disclosure Leadership Index – this year with the highest possible score of 100/100. The Climate Disclosure Leadership Index ranks companies listed on the Nordic stock exchanges whose reporting takes a professional approach to disclosing actions and achievements to help mitigate climate change. The ranking was announced in the CDP Nordic 260 Climate Change Report 2013. Metso’s success reflects the importance its management places on maintaining a high level of transparency in its reporting.
Metso’s score was the highest among Nordic companies in the Industrials sector. It was also one of the two highest scores among all Nordic companies ranked in the Climate Disclosure Leadership Index.
Compared to the previous year, Metso improved its knowledge in its scope 3 emissions by conducting a comprehensive analysis. Metso’s aim is to minimize environmental impacts throughout its value chain, which is also supported by the scope 3 emissions calculations.
“We are extremely proud to have made such major improvements in our reporting and to reach a high score for the second year in a row, and now to be number one in our sector. Our long-term strategic goal is sustainable and profitable growth based on our comprehensive, energy-efficient product offering and on the role of our solutions and services. Sustainability is at the heart of everything we do,” says Lennart Ohlsson, Senior Vice President, Sustainability and Technology Development.
Global frameworks such as sustainability indices give companies the opportunity to develop through transparent and enduring indicators. At Metso, sustainability creates long-term value for our customers, our company and its shareholders, and enables us to embrace opportunities and manage risks deriving from economic, environmental and social trends and challenges.
The CDP is a global non-profit climate change reporting system that collects information about climate change data. Companies are scored on their climate change disclosure and high scores indicate good internal data management and a good understanding of climate-change-related issues affecting the company. The CDP data is gathered on behalf of 655 institutional investors.
