Finnforest Corporate Responsibility Report 2003 awarded

 

Finnforest’s responsibility reporting of 2003 won the third prize in the Environmental and Social Responsibility Reporting competition. The prize was given away by Jan-Erik Enestam, Minister for the Environment, 19.10.2004 at OtaEco ´04, the Congress for the Environment, Social Responsibility & Globalisation.

The competition is directed to companies and public organisations, and it was held now for the 9th time. The aim of the competition is to develop the quality and practices of environmental and social responsibility reporting and increase the interest of companies and organisations in reporting. The competition evaluates only the level of reporting, not the actual environmental social responsibility work done in the organisation.

In addition to the companies which were registered, all the listed companies as well as the biggest unlisted companies in Finland were evaluated in the competition. The participants are grouped in three categories: large enterprises, small and medium-sized companies and public organisations. The evaluating criteria are based on the criteria of the European Sustainability Reporting Awards (ESRA) competition and the guidelines of Global Reporting Initiative (GRI).

There were three evaluation categories in the competition. In the first category, the annual report, environmental and social responsibility report and the reporting pages on Internet were evaluated. In the second category, only the environmental or social responsibility report was evaluated. The third category included the EMAS reporting. Finnforest was evaluated in the first category where different parts were weighted as follows: annual report 30 %, annual report and responsibility report pages on Internet 30 %, and responsibility report 40 %. There were 160 participants in this category where Finnforest was third after Kesko Oyj and Fortum Oyj.

The competition was organised by the Ministry of Trade and Industry, Ministry of the Environment, KHT-yhdistys ry (Association for Accountants), LTT Research Ltd, Taloudellinen Tiedotustoimisto, Ympäristöjohtamisen yhdistys ry (Association for Environmental Management) and Kauppalehti business newspaper. LTT Research Ltd is responsible for the evaluation of reports. The chairman of jury was Hannu Koskinen from KHT-yhdistys ry.