Holmen/Iggesund Takes Sustainability Reporting Award

Source from:  Tobacco Reporter 12/14/2011

The Holmen Group, which includes Iggesund Paperboard, has been awarded the prize for Best Swedish Sustainability Reporting for its report of its 2010 financial year. Holmen won the prize in the 'large enterprise' category. Holmen has issued separate sustainability reports since the early 1990s but, for the 2010 financial year, the group for the first time integrated information about sustainability into the annual report and subjected it to external audit. "The international trend is that more and more companies are moving from having extensive and detailed sustainability reports to having integrated ones," said se Bäckström, who chairs the Swedish accounting industry association FAR's working group for sustainable development. "Holmen has done so without losing its educational approach to key goals, strategies and results." FAR is the Swedish institute for authorized public accountants, approved public accountants, authorized consulting accountants, tax consultants, advisers and other specialists, such as those in sustainability accounting. It has almost 7,000 corporate members in Sweden." The jury justified its awarding of the prize to Holmen and Iggesund by saying: 'Holmen has succeeded with its transition from having an extensive sustainability report to having a more focused one within its annual report. We regard Holmen's sustainability report for 2010 as an excellent first step towards integrated accounting.' Lars Strömberg, director of Sustainable and Environmental Affairs at the Holmen Group, responded by saying: "We've worked hard to refine our accounting methods since the early 1990s and this recognition is most welcome." Enditem