Beijng, Munich, 27.11.2013 | News Release
As per today, UPM’s Gold Standard Majority Portfolio Pledge has been accepted by The Gold Standard Foundation. With this pledge, UPM promises to stock at least 51% of its carbon credit portfolio with Gold Standard certified carbon credits. This voluntary commitment illustrates UPM’s strong dedication to environmental protection and sustainable development, as well as its willingness to comply with an award winning certification standard for GHG mitigation projects that is recognised internationally as the benchmark for quality and rigour in both the compliance and voluntary carbon markets.
Established in 2003 by WWF, the Gold Standard is the only certification standard trusted and endorsed by more than 85 NGOs worldwide, including Care International, World Vision Australia, Forum for the Future and Mercy Corps. It is also the standard of choice for numerous United Nations agencies, multiple national governments and leading multinational corporations for developing and/or evaluating GHG emissions reduction and sustainable development projects.
To be eligible for Gold Standard certification, projects must
- fall under the scope of renewable energy, energy efficiency, waste management and/or land use & forests,
- adhere to the strictest standards on additionality and
- have a proven positive impact on the economy, health, welfare and environment of the local community hosting the project.
“With the recognition of our Gold Standard Majority Portfolio Pledge, UPM joins an exclusive circle of only a few companies having made an equally ambitious commitment for the quality of climate protection projects. We will take it as an incentive to keep on meeting the most challenging carbon market standards”, comments Martin Dilger, Managing Director at UPM’s headquarter in Munich.
For further information on UPM’s Gold Standard Majority Portfolio Pledge and the availability of UPM’s Gold Standard carbon credits, please contact:
Henning Huenteler, General Manager, UPM China
hhuenteler(at)upm-cdm.eu, T: +86 10 6468 0500-16
Martin Dilger, Managing Director, UPM Germany
mdilger(at)upm-cdm.eu, T: +49 89 41419691