Scandi Standard further strengthening the climate and sustainability strategies

December 21, 2021

With sustainability and climate change gaining importance for businesses and investors, it is also increasingly important to let external parties independently assess our climate and sustainability strategies. At Scandi Standard, we have decided to prioritize six key ratings to get a better view of how our strategies and performance compare to other companies. These include animal welfare and food industry specific assessments, as well general ESG investor ratings.

One of the prioritized assessments is CDP, which is an international non-for-profit organization focusing on climate, biodiversity, and water management. This year, Scandi Standard provided full disclosure on climate change (“Climate”) and soy-related biodiversity (“Forest”) for the first time. We are proud to have disclosed our environmental data through CDP in 2021 along with over 13 000 other companies. Last week, the results for 2021 were released and Scandi Standard got a B-rating, on a scale from A to D, for both “Climate” and “Forest”, which is very positive and shows that we are taking coordinated action to manage these issues.

Now more than ever, it is crucial to be transparent when it comes to climate change related risks and opportunities.

– By disclosing to CDP in 2021, Scandi Standard has demonstrated a commitment to corporate environmental transparency and made an important contribution to an economy that works for both people and the planet, says David Lammers, Deputy Director Corporate Engagement, CDP Europe.

What is CDP?

  • Founded in 2000, CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts
  • Investor rating focused on climate, forest (biodiversity) and water topics
  • 13 000 companies globally are disclosing to CDP every year by filling out a comprehensive questionnaire
  • CDP conducts a yearly scoring of companies which is publicly disclosed
  • The scores range from A (the best) to D, and Scandi Standard got B. You can read more HERE, where you also can search for Scandi Standard’s result

Why are we doing CDP?

– You can’t manage what you can’t measure. Responding to CDP is a great way to benchmark our climate- and environmental efforts. Besides the advantage of being able to communicate an outside rating to customers and investors, CDP is a good way for us to identify strengths and weaknesses related to climate strategy, governance, and risk management. Now we are striving for even better results, says Ida Ljungkvist, Group Head of Sustainability at Scandi Standard.