Paper & Packaging

Rated A-Z

Amcor	Australia	B-
APP (Tjiwi Kimia)	Indonesia	C+
Avery Dennison	U.S.	C+
Bemis	U.S.	C
BillerudKorsnäs	Sweden	A-
Cascades	Canada	B+
Domtar	Canada	B-
Holmen	Sweden	A-
International Paper	U.S.	B-
Kimberly-Clark	U.S.	C
Mondi	UK-South Africa	B+
Norske Skog	Norway	B
Orora	Australia	B
Sappi	South Africa	A
SCA	Sweden	A+
Sequana	France	B+
Spicers	Australia	C+
Stora Enso	Finland	A
UPM	Finland	A-
Weyerhaeuser	U.S.	B-

Ranked

Screenshot of SCA's annual report 2016

SCA	Sweden	A+
Stora Enso	Finland	A
Sappi	South Africa	A
UPM	Finland	A-
Billerudkorsnãs	Sweden	A-
Holmen	Sweden	A-
Mondi	UK-South Africa	B+
Cascades	Canada	B+
Sequana	France	B+
Norske Skog	Norway	B
Orora	Australia	B
Domtar	Canada	B-
Amcor	Australia	B-
International Paper	U.S.	B-
Weyerhaeuser	U.S.	B-
APP (Tjiwi Kimia)	Indonesia	C+
Spicers	Australia	C+
Avery Dennison	U.S.	C+
Bemis	U.S.	C
Kimberly-Clark	U.S.	C

Compared

Chart comparing paper and packaging companies

Benchmarked

Chart benchmarking paper and packaging companies

Noticed

Amcor

Not wrap containerped most attractively. However, remuneration is transparent and notes to statements are made clearest.

APP (Tjiwi Kimia)

Delivers better on governance than on business and performance analysis. The bilingual approach is not fully optimized for readability.

Cascades

Worth the paper, not least for the clarity and intelligibility of the MD&A. Check the sensitivity table, variance analyses, industry and performance charts, among others.

Kimberly-Clark

Bar the clickable items, the so-called dynamic version is almost purely cosmetic as no value has been added to the unexciting mandatory 10-K.

Mondi

Via a reporting hub the analyst, investor or stakeholder has access to an effective presentation of value creation, key market drivers, principal risks, consistent business reviews.

Norske Skog

Despite worthwhile CSR reporting, killing the myth that electronic communication is more environmentally friendly than paper-based one might have deserved greater efforts on strategy et al.

Sappi

Clear map of use of natural capital. Comprehensive presentation of key relationships and key material issues –including areas of mutual interest, ongoing avenues of engagement, value addition, background and company responses.

SCA

Keeps on outdoing many on a large number of reporting features –e.g. clarity, highlights, segments, share information, conciseness. Besides, includes a number of pluses, such as a very good risk presentation, well-introduced statements and notes, a summary of costs, comments on historical data, etc. Finally, or, better said, without delay, a quite convincing case for the planned split into two companies.