Billerud’s sustainability report describes how the company works strategically and operationally from an environmental, social and economic perspective, and the results that have been achieved. The content relates to the financial year 2010 and covers the activities of the whole Group.

Reporting at GRI level A

Contact information

Stina Blombäck, Sustainability & Energy Director	+46 (0)8-553 335 00
Anders Snell, Environment and Energy Manager	+46 (0)8-553 335 13
Cecilia Lundin, Director of Human Resources	+46 (0)8-553 335 06
Elisabet Olin, Head of Corporate Communications	+46 (0)8-553 335 18
Sophie Arnius, Investor Relations Manager	+46 (0)8-553 335 24

Billerud works with ActionAid on
“The Right to Food” project

Georgina Cranston/ActionAid

Today, over a billion people will go to bed hungry, and one child will die every five seconds. This happens despite the fact that there is enough food on the planet; but that food is not in the right place.

Billerud works daily to reduce food waste by producing strong packaging materials. The collaboration with ActionAid is a further step in efforts to make the most of earth’s resources and to help more people access available food.

Through an internal program, all employees have the opportunity to donate SEK 60 per month, the equivalent of one lunch. For every lunch donated, Billerud makes an additional contribution of SEK 100, representing dinner.

SEK 160 is enough to provide five at-risk families with enough seeds and tools to start a small-scale farm, or to give five orphans porridge for school lunches for an entire year.

In 2010, two Billerud employees went to Nepal with ActionAid to help build a house for former debt slaves. In this project, Billerud funded the construction of six houses for as many families.

Mary Njeri has received goats via ActionAid in a project aiming to enable people to obtain a sustainable food supply.

The report follows the guidelines of the Global Reporting Initiative (GRI) for sustainability reporting. This year Billerud has raised its ambitions compared with the previous year by moving from level B to level A and at the same time increasing the focus of its reporting. The report has increased the focus on what is essential and material for its intended readers, as is completely in line with GRI. For Billerud this means that the stakeholders who are not primarily the intended readers will have their needs for information met via other information channels. Billerud hopes this will ensure that the right information is conveyed to the right stakeholders in a more efficient way. The focus has been consistent and geared towards the capital market in an effort to report sustainability areas that may involve risks or facilitate stronger financial results. These are presented in Billerud’s focused sustainability report.

Besides the separate sustainability report on pages 34–55, reporting of sustainability is integrated in other aspects of the annual report. Work on sustainability is monitored and reported annually.

TARGET GROUP

Billerud has contacted investors and analysts who monitor the company on an ongoing basis, to discuss Billerud’s work on sustainability. They have given their views on the areas, questions and indicators they consider to be value drivers (capable of generating or degenerating value) for Billerud and in which areas Billerud can improve its work on sustainability and its sustainability reporting.

For example, improved performance in one of these selected areas/indicators should show that Billerud has either improved its results or reduced the risk of undesirable events occurring. Sustainable development for Billerud therefore means working towards a good performance in these areas in line with the company’s strategy and targets.

An overview of Billerud’s dialogue channels is provided in the section on dialogue with stakeholders.

DELIMITATION AND DEFINITION OF THE CONTENT OF THE REPORT

The sustainability report covers all of Billerud’s business and its majority-owned subsidiaries. The following companies are not covered by the sustainability report due to too small a shareholding and because their business cannot be considered to have any material impact on sustainability: BasEl i Sverige AB, Vindln AB and Kalix Vindkraft AB.

The report has not been audited by a third party. However, a ‘third party check’ was carried out, which means that a third party, in this case Billerud’s auditors, confirmed Billerud’s own assessment that the report contains the information that complies with the standard for level A.

REPORTING SYSTEM

The data underlying the report is primarily documented information from the reporting systems within the Billerud Group, e.g. within the framework of the ISO systems. Content is also based on oral information from key people within the Group and other written information within the company.

Billerud has calculated CO₂ from inward transport of raw materials to the mills and outward transport of products from the mills according to the Swedish Network for Transport and Environment’s (NTM) calculation formula for basic freight (www.ntmcalc.se).

Billerud’s production and the majority of its sales take place in Europe, where legislation regulates human rights. This dimension of the Group’s work on sustainability and thereby reporting has therefore been focused on employee rights. A zero-tolerance approach to discrimination, freedom of speech and freedom of association, a safe work environment and other issues concerning human rights are guided and communicated by Billerud’s Code of Conduct.

In 2010 no major changes took place regarding shareholder circumstances or accounting principles that affect the comparison with reports for previous financial years.

The previous year’s sustainability report was published in March 2010, establishing an annual reporting cycle.

OMX GES Swedish and Nordic Sustainability Index.This index was set up in 2008 and ranks the 50 leading companies in the Nordic region in terms of environmental responsibility, social responsibility and corporate governance.
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