Metsä Board Oyj

Metsä Board Oyj's reported carbon emissions

## Metsä Board Oyj: Emissions Profile and Climate Commitments Metsä Board Oyj, a paper and paper products company headquartered in Finland, has set ambitious climate targets, aiming for a 100% reduction in fossil-based carbon dioxide emissions (Scope 1 and Scope 2 market-based) by the end of 2030, using 2018 as a baseline year. This initiative signifies a commitment to phasing out fossil fuel energy sources across all its mills. **Emissions Overview:** * **2025:** Metsä Board reported total emissions of approximately 1,729,120,000 kg CO2e. This figure comprises approximately 139,723,000 kg CO2e for Scope 1, approximately 2,082,000 kg CO2e for Scope 2 (market-based), and approximately 1,587,316,000 kg CO2e for Scope 3. Key contributors to Scope 3 emissions include processing of sold products (approximately 348,447,000 kg CO2e), purchased goods and services (approximately 400,842,000 kg CO2e), and end-of-life treatment of sold products (approximately 436,968,000 kg CO2e). * **2024:** Total emissions for 2024 were approximately 2,066,226,000 kg CO2e. Scope 1 emissions accounted for approximately 192,098,000 kg CO2e, Scope 2 (market-based) were approximately 84,990,000 kg CO2e, and Scope 3 emissions totalled approximately 1,789,138,000 kg CO2e. * **2023:** The company's total emissions in 2023 were approximately 2,003,597,000 kg CO2e, derived from Scope 1 emissions of approximately 202,227,000 kg CO2e and Scope 2 (market-based) of approximately 3,747,000 kg CO2e, with Scope 3 totalling approximately 1,792,006,000 kg CO2e. * **2022:** Total emissions in 2022 were approximately 2,539,786,000 kg CO2e, with Scope 1 at approximately 264,961,000 kg CO2e and Scope 2 (market-based) at approximately 155,287,000 kg CO2e. Scope 3 emissions were approximately 2,274,825,000 kg CO2e. * **2021:** Total emissions for 2021 were approximately 2,394,334,000 kg CO2e. Scope 1 emissions were approximately 255,467,000 kg CO2e and Scope 2 emissions were approximately 184,028,000 kg CO2e (market-based). Scope 3 emissions were approximately 1,854,840,000 kg CO2e. * **2020:** In 2020, total emissions were approximately 2,369,046,000 kg CO2e, with Scope 1 at approximately 240,036,000 kg CO2e and Scope 2 (market-based) at approximately 282,236,000 kg CO2e. Scope 3 emissions were approximately 1,847,773,000 kg CO2e. * **2019:** Emissions in 2019 totalled approximately 1,539,600,000 kg CO2e, comprising Scope 1 at approximately 250,259,000 kg CO2e and Scope 2 (market-based) at approximately 262,442,000 kg CO2e. Scope 3 emissions were approximately 1,026,896,000 kg CO2e. * **2018:** Total emissions were approximately 1,368,710,000 kg CO2e, with Scope 1 at approximately 310,232,000 kg CO2e and Scope 2 (market-based) at approximately 296,282,000 kg CO2e. Scope 3 emissions were approximately 1,058,455,000 kg CO2e. * **2017:** Scope 1 and 2 market-based emissions were approximately 530,000,000 kg CO2e. **Reduction Initiatives and Targets:** Metsä Board has a clear commitment to achieving net-zero emissions. Key reduction initiatives include: * **Science-Based Targets initiative (SBTi):** The company has committed to reducing its absolute Scope 1 and Scope 2 greenhouse gas emissions by 95.0% by 2030, from a 2018 baseline year. Furthermore, Metsä Board has pledged to reduce absolute Scope 3 GHG emissions from the end-of-life treatment of sold products by 25.0% by 2030, relative to a 2024 baseline. They also aim for 47.0% of their 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:** A significant target is to achieve 100% fossil-free production by the end of 2030, encompassing both Scope 1 and Scope 2 emissions. * **Logistics Emissions Reduction:** Metsä Board is working to reduce greenhouse gas emissions from its purchased transport by 30% per tonne-kilometre by 2030, based on a 2022 baseline. This target is being assessed and updated. The company's climate targets are aligned with the 1.5°C pathway, as verified by the SBTi. Metsä Board Oyj's climate commitments are managed internally, with no data cascading from a parent or related organisation noted.