The Navigator Company is at the top of the list of Paper & Forestry companies with the lowest ESG risk for investors, according to the ESG Risk Rating 2024 of Sustainalytics.
With a score of 11.6 in this ranking, Navigator is ranked 1st out of 85 global companies in the Paper & Forestry industry cluster and 1st out of 63 in the Paper & Pulp cluster, being at the top 5% out of more than 16,200 companies worldwide in all business segments.
Since 12th July, Navigator is therefore on the lower fringes of the “low” risk level, with most topics presenting a “negligible” risk. Navigator’s continued commitment to strengthening practices relating to the environmental, social and governance aspects of its business has resulted in solid management of its exposure to ESG risks, assessed in more than 70 indicators of the Sustainalytics framework, which has enabled it to make a very significant improvement in this rating.
ESG Risk Ratings of Sustainalytics measure a company’s sustainability performance by assessing its exposure to material ESG risks related to environmental, social, and corporate governance factors, as well as the way in which the company manages them.
The indicators assessed cover topics related to corporate governance, carbon emissions management, waste and effluents, water management, community relations, products and services, human capital, health and safety at work, land use and biodiversity, and stakeholder governance.
Navigator’s assessment and good position in this ranking reflect the work carried out by the Company to integrate sustainability as a priority in its business model, demonstrating its ability to anticipate and manage ESG risks in the conduct of its activities. In 2023, Navigator had already been classified as a low-risk company for investors and recognised as an “ESG Industry Top Rated Company” in the same rating. But in 2024 it significantly improved its score and its position.
The company also stands out as a member of the WBCSD – World Business Council for Sustainable Development, an organisation of high global relevance in the field of sustainability that brings together some of the world’s largest companies and is the only Portuguese company to participate in the Forest Solutions Group, the organisation’s sector group for forests.
It should be noted that, at the end of 2022, the company saw its targets for reducing greenhouse gas emissions approved by the Science Based Targets initiative (SBTi), affirming its leadership in sustainability and its ambition in finding solutions to the climate challenge, in line with science.
In February 2024, Navigator was once again recognised as a leader in the fight against climate change, and in forest management, receiving an “A-” rating from CDP – Disclosure Insight Action.
At the same time, the company has reaffirmed its commitment to sustainable development and social inclusion by signing the More and Better Companies for Young People Pact. This pact aims to create more favourable conditions for young people to enter and develop in the labour market, promoting equal opportunities and professional training.
Also, at the beginning of this year, Navigator joined the United Nations Global Compact and its 10 principles focused on human rights, labour practices, environmental protection and anti-corruption, with the aim of promoting responsible business conduct.
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