Company Profiles
Portfolio 21 Holdings
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- Stora Enso
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- SunPower
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- Svenska Cellulosa (SCA)
- Swedbank
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- Tandberg
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- Trex Company
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- Verbund
- Vestas Wind Systems
- VMware
- Volvo Group
- Westpac Banking Corporation
- Whole Foods Market
- Xerox
Svenska Cellulosa AB
Sweden
Sweden's Svenska Cellulosa AB (SCA) is a paper and packaging company with a sawn timber business. This organization operates on the belief that "sustainability makes good business sense." Executives at SCA have long believed that environmental efforts should not be regarded as an expense but as a contribution to increasing profitability. The company's CEO Jan Astrom has received the Environmental Manager Award from WWF-Germany, part of the global conservation organization. All of the company's forestlands are certified by the Forest Stewardship Council (FSC) and products are made primarily from sustainably sourced and renewable materials. SCA is a leading user of recycled fiber in Europe, with approximately one-third of the company's raw materials comprised of recovered fiber. SCA utilizes biofuels and operates several efficient co-generation facilities at its production plants. As SCA expands into Asia, Portfolio 21 encourages the company to develop a strategy for continued commitment to FSC forests and materials, increase recovered paper collection, and continue exemplary compliance with environmental standards. Additionally, Portfolio 21 asks SCA to be more transparent regarding its procurement of non-FSC wood fiber, and what proportion of wood fiber this represents of SCA's total procurement.
Biotechnology Involvement
SCA is a forestry company producing paper and pulp products. All of SCA's forest lands are certified by the Forest Stewardship Council (FSC), which expressly prohibits the use of genetically modified organisms. Visit our Biotechnology Policy for more on this issue.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 8/31/07 and may not reflect current opinions or subsequent events.