AbitibiBowater named leading forest products company in Climate Disclosure Leadership Index
ABH (NYSE, TSX)
MONTREAL, Nov. 5 /CNW Telbec/ - AbitibiBowater has been ranked the
leading forest products company in Canada in the 2008 Climate Disclosure
Leadership Index, with respect to disclosure of carbon emissions.
AbitibiBowater is included in the Carbon Disclosure Project (CDP) report,
which lists top companies demonstrating best-in-class disclosure practices in
climate change strategy as well as reporting of greenhouse gas emissions. In
the CDP's sixth annual report, AbitibiBowater came in fourth overall among
Canadian high-carbon impact sector companies.
"At AbitibiBowater, we continue to view sustainability as the way
forward," stated David J. Paterson, President and Chief Executive Officer. "We
are committed to reducing our carbon footprint, and we want to become a
carbon-neutral enterprise."
Since 1990, AbitibiBowater has reduced by 51 percent its absolute carbon
emissions in Canada. The Company is implementing several initiatives to
effectively reduce emissions, including:- Implementing energy-efficient technologies such as increasing the use
of biomass fuels and reducing water usage;
- Developing innovative, environmentally-friendly products and increasing
the use of recycled fiber;
- Adopting harvesting practices to improve conservation and sustainable
forest management; and
- Maximizing rail transportation for sustainable delivery of products as
an alternative to highway use.The CDP represents 385 institutional investors, with a combined asset
base of $57 trillion. On their behalf, the CDP compiles information from the
world's largest companies on the business risks and opportunities presented by
climate change and greenhouse gas emissions.
AbitibiBowater produces a wide range of newsprint, commercial printing
papers, market pulp and wood products. It is the eighth largest publicly
traded pulp and paper manufacturer in the world. AbitibiBowater owns or
operates 27 pulp and paper facilities and 34 wood products facilities located
in the United States, Canada, the United Kingdom and South Korea. Marketing
its products in more than 90 countries, the Company is also among the world's
largest recyclers of old newspapers and magazines, and has more third-party
certified sustainable forest land than any other company in the world.
AbitibiBowater's shares trade under the stock symbol ABH on both the New York
Stock Exchange and the Toronto Stock Exchange.
