Holmen Sustainability Profile
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 56 is higher than 80% 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. The company has set ambitious targets to reduce its carbon footprint, aiming for a 15% reduction in Scope 1 and 2 emissions per tonne of pulp and paper by 2030, based on 2019 levels. Additionally, Holmen is committed to a 22% reduction in Scope 3 emissions from transport per tonne-kilometre by 2030. In 2023, Holmen's total emissions were approximately 6,750,000,000 kg CO2e, with Scope 1 at about 540,000,000 kg CO2e, Scope 2 at approximately 120,000,000 kg CO2e (market-based) and 730,000,000 kg CO2e (location-based), and Scope 3 emissions at around 6,090,000,000 kg CO2e. This indicates a significant increase in emissions from 2023 to 2024. Holmen's long-term strategy includes a commitment to ensure that 35% of its suppliers by emissions covering purchased goods and services will have science-based targets by 2025. The company has been proactive in addressing its climate impact, having previously set a target in 2005 to reduce fossil fuel use at its material sites by 90% by 2020. Holmen's climate commitments are aligned with the Science Based Targets initiative (SBTi), which classifies its targets as consistent with limiting global warming to well below 2°C. The company operates within the Forest and Paper Products sector and is headquartered in Sweden.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 79,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 46,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 450,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Holmen's Industry?
How Carbon Intensive is Holmen's Location?
Holmen's Scope 3 Categories Breakdown
Holmen's Scope 3 emissions, which increased by 16% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 32% of Scope 3 emissions.
Top Scope 3 Categories
Holmen's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Holmen has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Holmen's sustainability data and climate commitments