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Nov 7, 2008 12:00 AM
AbitibiBowater (Montreal) has been ranked the leading forest products company in Canada in the 2008 Climate Disclosure Leadership Index, with respect to disclosure of carbon emissions. AbitibiBowater is included in the Carbon Disclosure Project (CDP) report, which lists top companies demonstrating best-in-class disclosure practices in climate change strategy as well as reporting of greenhouse gas emissions. In the CDP’s sixth annual report, AbitibiBowater came in fourth overall among Canadian high-carbon impact sector companies.
“At AbitibiBowater, we continue to view sustainability as the way forward,” says David J. Paterson, president and CEO. “We are committed to reducing our carbon footprint, and we want to become a carbon-neutral enterprise.”
Since 1990, AbitibiBowater has reduced by 51 percent its absolute carbon emissions in Canada. The Company is implementing several initiatives to effectively reduce emissions, including:
· Implementing energy-efficient technologies such as increasing
the use of biomass fuels and reducing water usage.
· Developing innovative, environmentally-friendly products and increasing the use of recycled fiber.
· Adopting harvesting practices to improve conservation and sustainable forest management.
· Maximizing rail transportation for sustainable delivery of products as an alternative to highway use.
The CDP represents 385 institutional investors, with a combined asset base of $57 trillion. On their behalf, the CDP compiles information from the world's largest companies on the business risks and opportunities presented by climate change and greenhouse gas emissions.