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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Svenska Cellulosa    SCA B   SE0000112724

SVENSKA CELLULOSA

(SCA B)
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Svenska Cellulosa : Greater ambitions with science-based targets

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02/21/2017 | 07:10am EDT

Patrik Isaksson, VP Environmental Affairs


'I'm proud that SCA is one of the forerunners in developing science-based targets and also that we are prepared to set a target that will require investment and action' said Patrik Isaksson, VP Environmental Affairs. 'This is a crucial point in maintaining SCA's position as a global leader for corporate action on climate change '.

Reduction targets are considered science-based if they are in line with what is needed in order to keep the global temperature rise below 2 degrees Celsius, as agreed by world leaders at the UN climate change conference (COP 21) in Paris in 2015.

The target must cover emissions from three different sources:

  • those owned or controlled by SCA
  • those associated with production of purchased electricity
  • those that are a consequence of our operations but are not directly controlled or owned by SCA.

The Science Based Targets initiative is a partnership between CDP (formerly known as the Carbon Disclosure Project), the UN's Global Compact, the WRI (World Resources Institute) and the WWF. Science Based Targets helps companies determine which emission reductions they need to achieve in order to prevent the worst impact of climate change.

Today just 33 companies have approved targets, with 177 committed to developing a target (include SCA Hygiene AB).

Read more at sciencebasedtargets.org

SCA - Svenska Cellulosa AB published this content on 21 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 February 2017 12:09:23 UTC.

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Yield 2019 2,57%
P/E ratio 2019 15,66
P/E ratio 2020 13,98
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Number of Analysts 9
Average target price 90,8  SEK
Spread / Average Target 16%
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Ulf Örjan Larsson President, Chief Executive Officer & Director
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