Metsä Board Oyj

Metsä Board Oyj, a Finnish company in the Paper and paper products industry, is committed to reducing its carbon emissions.

For the latest reporting year of 2024, Metsä Board Oyj reported total emissions of approximately 2.07 billion kg CO2e. This included:

• Scope 1 emissions: approximately 192.1 million kg CO2e
• Scope 2 emissions (market-based): approximately 85.0 million kg CO2e
• Scope 3 emissions: approximately 1.79 billion kg CO2e. Key categories for Scope 3 emissions included purchased goods and services (approximately 485.5 million kg CO2e), end-of-life treatment of sold products (approximately 563.1 million kg CO2e), and upstream transportation and distribution (approximately 300.2 million kg CO2e).

Metsä Board Oyj has set ambitious climate commitments, with Science Based Targets initiative (SBTi) approved targets:

• Near-term targets (Scope 1 and 2): Metsä Board Oyj commits to reducing absolute Scope 1 and 2 GHG emissions by 100% by 2030, from a 2016 base year, with a more recent commitment to a 95% reduction from a 2018 base year. These targets are consistent with reductions required to keep warming to 1.5°C.
• Near-term targets (Scope 3): The company also commits to reducing absolute Scope 3 GHG emissions from end-of-life treatment of sold products by 25% by 2030, from a 2024 base year. Furthermore, Metsä Board Oyj aims for 47% of its suppliers by spend (covering purchased goods and services, capital goods, and upstream transportation and distribution) to have science-based targets by 2030.
• Fossil-free production: Metsä Board Oyj aims for 100% fossil-free production and products by the end of 2030, which encompasses a 100% reduction in fossil-based Scope 1 and Scope 2 emissions.
• Transportation emissions: The company has a joint target with Royal Wagenborg to reduce products' carbon dioxide emissions from marine transports by 30% (per tonne per mile) by 2030, from a 2021 level. Additionally, Metsä Board's Scope 3 target is to reduce greenhouse gas emissions from its purchased transport by 30% per tonne-kilometre by 2030, relative to a 2022 baseline.