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

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

Benchmarked

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.
Sequana
Though a bit short, magazine style certainly enthralls the reader. Makes out a good case for a division spinoff.
Weyerhaeuser
A half-timbered 10-K. However, it shows a commitment to making financials and their analysis more accessible than the average.