Metsä Board to adopt updated Metsä Group’s Green Finance Framework
Metsä Board Corporation Investor news 31 July 2024
Metsä Group, which Metsä Board is part of, has today published an updated Green Finance Framework. Metsä Group’s previous Green Finance Framework is from 2019. The Framework enables the continued issuance of green debt instruments in line with the latest market practices and further integrates Metsä Group's 2030 strategic sustainability targets into financing.
Metsä Board's financing can be arranged under the Green Finance Framework. The Framework supports financing or refinancing of environmentally sustainable investments that contribute to Metsä Board's key environmental targets in minimizing impact on climate and nature.
Metsä Group’s Green Finance Framework has received an updated independent second party opinion from Sustainalytics, verifying the alignment with Green Loan Principles 2023 and Green Bond Principles 2023 and considering the eligible green assets and expenditures as credible and impactful.
The Green Finance Framework and the second party opinion are attached to this release and also available at https://www.metsagroup.com/metsaboard/investors/financial-information/sustainable-financing/.
METSÄ BOARD CORPORATION
Further information:
Henri Sederholm, CFO, tel. +358 10 465 4913
Katri Sundström, VP, Investor relations, tel. +358 10 462 0101
Metsä Board
metsagroup.com/metsaboard
Metsä Board is a producer of lightweight and high-quality folding boxboards, food service boards and white kraftliners. The pure fresh fibres we use in our products are a safe, renewable and recyclable resource, that can be traced back to northern forests. We aim to have completely fossil free mills and raw materials by the end of 2030. We promote a culture of diversity, equality and inclusion.
Metsä Board is listed on the Nasdaq Helsinki. In 2023 our sales totalled EUR 1.9 billion, and we have around 2,300 employees. Metsä Board is part of Metsä Group, whose parent company Metsäliitto Cooperation is owned by over 90,000 Finnish forest owners. The sales of the whole Metsä Group were EUR 6.1 billion.
