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Orkla rated highly by CDP for climate change management

28 Nov 2017

In the annual report published by the investor initiative CDP, which reviews the performance of 5,500 of the world’s largest companies, Orkla reports that it scored a high rating for climate change management.

In the annual report published by the investor initiative CDP, which reviews the performance of 5,500 of the world’s largest companies, Orkla reports that it scored a high rating for climate change management.

Orkla says that it has achieved improvement and received a score of A-. In the assessment, importance was attached to factors such as companies’ ability to reduce greenhouse gas emissions, set meaningful targets and track progress.

“This excellent result indicates Orkla ASA has implemented a range of actions to manage climate change, both in its own operations and beyond,” CDP wrote in its assessment.

A total of 557 international companies were assessed in the Consumer Staples sector. Eleven of the companies were awarded grade A and 38 companies, among them Orkla, received an A- in the Climate Change category.

“We work actively to minimise our environmental footprint in every part of our value chain. It’s therefore gratifying that we have now taken another step towards CDP’s highest rating level,” said Inger Johanne Eikeland, Senior Vice President EHS at Orkla. “At the same time, we are raising our level of ambition by adopting new initiatives. By purchasing guarantees of origin from Orkla’s own hydropower plants in Norway, we ensure that all our electricity needs are met by renewable energy. In this way we reduce Orkla’s indirect greenhouse gas emissions by close to 30%.”

Orkla has now committed to setting emission reduction targets in line with what is considered necessary to reach the science-based target of keeping the global temperature rise below 2 degrees.