Holmen

Holmen, a Swedish company in the Paper and paper products industry, reported total Scope 1, 2, and 3 emissions of approximately 722,000,000 kg CO2e in 2025. This includes Scope 1 emissions of about 87,000,000 kg CO2e, Scope 2 market-based emissions of approximately 480,000 kg CO2e (with location-based Scope 2 emissions at around 23,000,000 kg CO2e), and Scope 3 emissions totalling approximately 635,000,000 kg CO2e. Key Scope 3 categories in 2025 were purchased goods and services (approximately 262,000,000 kg CO2e), downstream transportation and distribution (about 189,000,000 kg CO2e), and upstream transportation and distribution (approximately 67,000,000 kg CO2e).

Looking back, Holmen's total emissions were approximately 655,000,000 kg CO2e in 2024, around 675,000,000 kg CO2e in 2023, and about 691,000,000 kg CO2e in 2022.

Holmen has set Science Based Targets initiative (SBTi) approved targets. The company commits to a 15.1% reduction in Scope 1 and 2 GHG emissions per tonne of paper and pulp by 2030, from a 2019 base year. For Scope 3, Holmen aims to reduce emissions from upstream and downstream transportation and distribution by 22% per tonne-kilometre by 2030, and from fuel- and energy-related activities by 22% per tonne of woody biomass over the same timeframe. Additionally, 35% of its suppliers, by emissions covering purchased goods and services, are committed to having science-based targets by 2025. Holmen's near-term targets are classified as consistent with reductions required to keep warming to Well-below 2°C.