Once again CMPC has positioned as the second most sustainable forestry company in the world
The company was chosen by the Dow Jones Sustainability Index (DJSI) as the second most sustainable company in the Pulp & Paper category. CMPC’s sustainability approach is part of its corporate strategy and is based on global standards and commitments around the protection of human rights, labor relations, environment, education and decent work.
For the second year in a row, the Dow Jones Sustainability Index has recognized CMPC as one of the most sustainable companies in the world. Specifically, the company took second in the Pulp & Paper category. It was also included in the “DJSI Chile”, “MILA Pacific Alliance” and “Emerging Markets” industry indicators, which bring together companies from more than 27 countries.
The Dow Jones Sustainability Index (DJSI) is an international index that evaluates different indicators on the sustainable performance of listed companies. The measurement provides an overview of the various industries of the world economy in environmental, social and economic terms, setting apart the most outstanding companies in these fields.
Regarding CMPC’s performance, CEO Francisco Ruiz-Tagle said, “It is very gratifying for all of us who are part of the CMPC Companies that the DJSI has once again considered us among the most sustainable companies in the world. Above all, it is confirmation once again that the environmental goals we set, the way we relate to communities, and in short, how we are doing our work in general, are all moving in the right direction.”
There are a number of initiatives the company has successfully led to ensure a more sustainable development along its growth path. For example, in environmental matters, the company has made commitments that are now part of its corporate strategy.
Specifically, the company has set itself four targets of the Sustainable Development Goals of the United Nations 2030 Agenda. First, with a view to the year 2030, it will aim to reduce greenhouse gas emissions by 50% taking 2018 as the emissions baseline. The second one is for reducing industrial water use per ton of product by 25% by 2025. In addition, and with an eye toward the end of 2025, CMPC will seek to be a zero waste company by reducing the waste it generates, valorizing them as by-products and strengthening of circular models. Lastly, the company has a goal to add 100 thousand hectares under conservation, restoration and/or protection by 2030.
Likewise, CMPC’s vision goes beyond its professional endeavors, understanding that partners, suppliers and customers must also align themselves under the same sustainable principles. That’s also why the company joined the Business Ambition for 1.5°C campaign in 2021, which was launched in 2019 by Science Based Targets. Its purpose is to have companies commit to reducing their impact on the environment along the production chain and lowering their greenhouse gas emissions in order to limit the increase in global temperature to no more than 1.5°C above pre-industrial levels.
Socially, the company seeks to be an agent of development for the territories where it operates Through close community ties, CMPC aims to generate opportunities for social and economic development at the local level. Thus, the company has implemented multiple programs that seek to enhance the capacities of people and communities.
One of its biggest bets has to do with education. That is why the company is building the CMPC – Duoc UC Nacimiento campus the first house of higher education studies in the district located in the Biobío region, which will offer seven degree programs. The campus will have more than 3,500 square meters of top-tier classrooms, libraries, auditoriums, laboratories, large common spaces, and others.
Among the dozens of other projects, the Fibra Local and Primeros Pueblos spaces where entrepreneurs from rural communities in southern Chile can market their products. The Water for Chile Challenge implements water solutions for human and/or agricultural consumption in various hard-to-access territories. The Trash-free Neighborhoods Challenge becomes a part of the communities where it educates people about reusing waste. So far it has collected more than 64 tons since its launch at the end of 2019. These are just to name a few of the initiatives.