Cascades

Cascades, a prominent paper and paper products company headquartered in Canada, reported a total of approximately 2.94 billion kg CO2e in emissions for 2024. This figure encompasses Scope 1 (direct emissions), Scope 2 (indirect emissions from purchased energy), and Scope 3 (value chain emissions).

Breaking down the 2024 emissions, Scope 1 accounted for approximately 564.46 million kg CO2e, Scope 2 for around 312.69 million kg CO2e, and Scope 3 for a substantial 2.06 billion kg CO2e. Within Scope 3, purchased goods and services represented the largest category at approximately 1.13 billion kg CO2e, followed by fuel and energy-related activities at roughly 705.23 million kg CO2e.

Looking at historical data, Cascades reported approximately 2.88 billion kg CO2e in 2023, with Scope 1 at about 492.12 million kg CO2e, Scope 2 at approximately 309.01 million kg CO2e, and Scope 3 at around 2.08 billion kg CO2e. Prior to that, in 2022, total emissions were approximately 2.68 billion kg CO2e, with Scope 1 at about 471.75 million kg CO2e, Scope 2 at roughly 276.74 million kg CO2e, and Scope 3 at approximately 1.94 billion kg CO2e.

Cascades has established several climate commitments, including Science Based Targets initiative (SBTi) approved goals. These include a commitment to reduce absolute Scope 1 and 2 GHG emissions from non-paper mill activities by 27.5% by 2030, using 2019 as a base year. For paper mills, the company aims to reduce Scope 1 and 2 GHG emissions intensity by 38.7% per metric ton of saleable products by 2030, also from a 2019 baseline. Furthermore, Cascades commits to reducing its Scope 3 GHG emissions by 22% per metric ton of sold products by 2030, from a 2019 base year. The company also aims for 100% renewable electricity by 2030.

These targets are aligned with well-below 2°C pathways. The data indicates that Cascades is on track for some of its near-term targets, as shown by the "on_track_five_year": true status for certain reduction initiatives.