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4-Traders Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Svenska Cellulosa    SCA B   SE0000112724

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Svenska Cellulosa : Greater ambitions with science-based targets

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02/21/2017 | 01:10pm CEST

Patrik Isaksson, VP Environmental Affairs


'I'm proud that SCA is one of the forerunners in developing science-based targets and also that we are prepared to set a target that will require investment and action' said Patrik Isaksson, VP Environmental Affairs. 'This is a crucial point in maintaining SCA's position as a global leader for corporate action on climate change '.

Reduction targets are considered science-based if they are in line with what is needed in order to keep the global temperature rise below 2 degrees Celsius, as agreed by world leaders at the UN climate change conference (COP 21) in Paris in 2015.

The target must cover emissions from three different sources:

  • those owned or controlled by SCA
  • those associated with production of purchased electricity
  • those that are a consequence of our operations but are not directly controlled or owned by SCA.

The Science Based Targets initiative is a partnership between CDP (formerly known as the Carbon Disclosure Project), the UN's Global Compact, the WRI (World Resources Institute) and the WWF. Science Based Targets helps companies determine which emission reductions they need to achieve in order to prevent the worst impact of climate change.

Today just 33 companies have approved targets, with 177 committed to developing a target (include SCA Hygiene AB).

Read more at sciencebasedtargets.org

SCA - Svenska Cellulosa AB published this content on 21 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 February 2017 12:09:23 UTC.

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Financials ( SEK)
Sales 2017 16 413 M
EBIT 2017 2 352 M
Net income 2017 1 837 M
Debt 2017 5 196 M
Yield 2017 1,63%
P/E ratio 2017 26,24
P/E ratio 2018 27,74
EV / Sales 2017 3,24x
EV / Sales 2018 3,29x
Capitalization 48 031 M
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 67,0  SEK
Spread / Average Target -1,5%
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Managers
NameTitle
Ulf Örjan Larsson President, Chief Executive Officer & Director
Pär Boman Chairman
Toby James Lawton Chief Financial Officer
Barbara Rose Milian Thoralfsson Independent Director
Bert Åke Stefan Nordberg Independent Director
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