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 60 is higher than 99% 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), and Scope 3 emissions reaching about 7,080,000,000 kg CO2e. This represents a significant increase from 2023, where total emissions were about 6,750,000,000 kg CO2e. Holmen has set ambitious climate commitments, aiming for a 15.1% reduction in Scope 1 and 2 greenhouse gas emissions per tonne of paper and pulp by 2030, using 2019 as the base year. Additionally, they target a 22% reduction in Scope 3 emissions from upstream and downstream transportation and distribution, as well as from fuel- and energy-related activities, over the same timeframe. Furthermore, Holmen aims for 35% of its suppliers, by emissions, to have science-based targets by 2025. Holmen's long-term goals align with the Paris Agreement, committing to maintain emissions at levels defined by the IPCC to meet the 2 °C target by 2045. The company has previously aimed to reduce fossil fuel use at its material sites by 90% by 2020, demonstrating a longstanding commitment to reducing its climate impact.
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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.
