Billerud

Billerud's Commitment to Climate Action: Emissions and Reduction Targets

Billerud, a leading company in the paper and paper products industry headquartered in Sweden, is actively engaged in reducing its carbon footprint. The company has reported comprehensive emissions data across Scope 1, 2, and 3, demonstrating a commitment to transparency in its climate performance.

Recent Emissions Data:

• 2025: Billerud reported total emissions of approximately 3.7 billion kg CO2e. This figure comprises approximately 720 million kg CO2e from Scope 1 (direct emissions), and approximately 2.98 billion kg CO2e from Scope 3 (indirect emissions), with Scope 2 emissions being approximately 6 million kg CO2e (market-based).
• 2024: Total emissions stood at approximately 3.66 billion kg CO2e, with Scope 1 emissions around 687 million kg CO2e and Scope 3 emissions approximately 2.96 billion kg CO2e. Scope 2 emissions were around 7 million kg CO2e (market-based).
• 2023: The company reported total emissions of approximately 3.91 billion kg CO2e. Scope 1 emissions were approximately 733 million kg CO2e, and Scope 3 emissions amounted to approximately 3.1 billion kg CO2e, with Scope 2 emissions at about 74 million kg CO2e (market-based).
• 2022: Total emissions were approximately 4.73 billion kg CO2e, comprising roughly 883 million kg CO2e from Scope 1 and approximately 3.7 billion kg CO2e from Scope 3. Scope 2 emissions were approximately 147 million kg CO2e (market-based).

Climate Commitments and Reduction Targets:

Billerud has established ambitious climate targets, aligning with global efforts to combat climate change. Key commitments include:

• Net-Zero by 2050: Billerud is committed to achieving net-zero greenhouse gas emissions across its entire value chain by 2050. This long-term goal underscores a comprehensive approach to decarbonisation.
• Science-Based Targets (SBTi) Alignment: The company's emissions reduction targets are approved by the Science Based Targets initiative (SBTi), confirming their alignment with the Paris Agreement's 1.5°C pathway.
• Near-Term Reductions:
  • Billerud aims to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030, using 2022 as the base year.
  • For Scope 3 emissions, Billerud targets a reduction of 25% by 2030 from the same 2022 baseline, focusing on emissions from purchased goods and services, upstream and downstream transportation and distribution, and the processing of sold products.
  • Historically, a target was set to reduce Scope 1 and 2 emissions by 59% by 2030 from a 2016 base year, with a corresponding Scope 3 reduction target of 30% by 2030.

Billerud's commitment extends to maintaining no deforestation across its primary deforestation-linked commodities, further reinforcing its dedication to sustainable operations within the paper and paper products industry.