Stockmann’s efforts to mitigate climate change on a good level
The international climate initiative, Carbon Disclosure Project (CDP), published its evaluation on companies’ reporting and management of carbon emissions on October 25, 2016.
Stockmann’s score in the 2016 CDP Climate Change Report remained on a good level. Stockmann calculates its carbon footprint annually and based on that, responds to the CDP survey. Climate change mitigation and setting targets for reducing emissions is a central part of Stockmann's CSR work and environmental strategy also in the future.
This year CDP adopted a new streamlined approach to presenting scores (A, A-, B, B-, C, C-, D, D-). Stockmann’s score in 2016 was good with grade B. In 2015 Stockmann’s score was 94 B. The score presents a company’s progress using a 4 step approach: the completeness of the company’s response (disclosure); the extent to which the company has assessed environmental issues, risks and impacts in relation to its business (awareness); the extent to which the company has implemented actions, policies and strategies to address environmental issues (management); and particular steps the company has taken which represent the best practices in the field of environmental management (leadership). Score B tells that the company has taken actions to address environmental issues beyond initial screenings or assessments.