Holmen
Holmen AB, a prominent player in the forestry and paper industry, is headquartered in Sweden (SE) and operates extensively across Europe. Founded in 1609, Holmen has evolved into a leader in sustainable forest management, paper, and wood products, with a strong commitment to environmental stewardship. The company’s core offerings include high-quality paper products, renewable energy solutions, and innovative wood-based materials. Holmen distinguishes itself through its focus on sustainability and circular economy principles, ensuring that its products are both eco-friendly and efficient. With a robust market position, Holmen has achieved notable milestones, including significant investments in renewable energy and sustainable forestry practices. This dedication to sustainability not only enhances its reputation but also solidifies its role as a key contributor to the green transition in the industry.
DitchCarbon Score
How does Holmen's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Paper Products industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Holmen's score of 55 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Holmen's reported carbon emissions
In 2024, Holmen reported total carbon emissions of approximately 7,690,000,000 kg CO2e, with Scope 1 emissions at about 610,000,000 kg CO2e, Scope 2 emissions at approximately 10,000,000 kg CO2e (market-based), and 2,020,000,000 kg CO2e (location-based). The majority of emissions stemmed from Scope 3, totalling around 7,080,000,000 kg CO2e, which includes significant contributions from purchased goods and services (approximately 2,270,000,000 kg CO2e) and upstream leased assets (about 1,970,000,000 kg CO2e). Holmen has set ambitious reduction targets, aiming for a 15% reduction in Scope 1 and 2 emissions per tonne of pulp and paper by 2030, based on 2019 levels. Additionally, the company targets a 22% reduction in Scope 3 emissions from transport per tonne-kilometre by the same year. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Holmen's commitment to sustainable practices within the forestry and paper products sector. In previous years, Holmen's emissions were also significant, with 2023 emissions at approximately 6,750,000,000 kg CO2e and 2022 at about 460,000,000 kg CO2e for Scope 3. The company has a long-standing commitment to reducing its fossil fuel use, aiming for a 90% reduction by 2020, which underscores its proactive approach to mitigating climate impact. Holmen's climate strategy includes ensuring that 35% of its suppliers by emissions have science-based targets by 2025, further enhancing its sustainability efforts across the supply chain.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 900,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 460,000,000 | - | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 4,530,000,000 | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Holmen is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
