Metsä Board updates its strategic 2030 sustainability targets
Metsä Board Corporation press release 22.02.2023
Metsä Board, a leading supplier of fresh fibre paperboards and part of Metsä Group, has updated its strategic 2030 sustainability targets. The new targets highlight its commitment to safeguarding natural biodiversity, mitigating climate change, promoting the sustainable use of natural resources, healthy workplace communities and ethical operations. The sustainability targets are categorised according to the ESG perspectives.
Natural biodiversity is safeguarded in wood sourcing through measures that increase the diversity of tree species and the amount of decaying wood, and by preserving valuable habitats. The 2030 targets are monitored with a comprehensive, more than doubled set of indicators. Also climate-positive actions in forests have been increased.
Metsä Board’s target regarding climate change is unchanged. To mitigate climate change Metsä Board is aiming for 100% fossil free production and products by the end of the year 2030. This target includes both emissions from the company’s own energy production (scope 1) as well as purchased energy (scope 2). Currently, 87% of the energy used at Metsä Board mills is fossil free.
For water use, Metsä Board has set an even stricter target of 35% (previously 30%) reduction in process water use per product tonne and continues to aim at a minimum of a 10% energy efficiency improvement by the end of the year 2030 compared to the 2018 level.
Several indicators related to ethical operations and well-being at work have been added in target setting. Metsä Board will monitor job satisfaction, the implementation of anonymous recruitment processes, and the share of women in leadership positions.
Indicators related to society and supply chain sustainability include the share of certified wood, supplier surveys and audits, and shared sustainability targets with key partners.
Metsä Board’s sustainability targets are in line with the strategic sustainability 2030 objectives of Metsä Group. The sustainability target updates are based on materiality analysis based on discussions with various stakeholder groups. The analysis was carried out in the autumn 2022.
More information about Metsä Board’s sustainability and all new sustainability targets for 2030 can be found at the company’s website.
For further information:
Marjo Halonen, VP Communications, Metsä Board
Mobile: +358 (0)50 598 7046
Email: marjo.halonen@metsagroup.com
Metsä Board
metsagroup.com/metsaboard
Metsä Board is a leading European producer of premium fresh fibre paperboards. We focus on lightweight and high-quality folding boxboards, food service boards and white kraftliners. The pure fresh fibres we use in our products are a renewable and recyclable resource, that can be traced back to sustainably managed northern forests. We are a forerunner in sustainability, and we aim to have completely fossil free mills and raw materials by the end of 2030.
Together with our customers we develop innovative packaging solutions to create better consumer experiences with less environmental impact. In 2022 our sales totaled EUR 2.5 billion, and we have around 2,250 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.
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Metsä Group
metsagroup.com
Metsä Group leads the way in the bioeconomy. We invest in growth, developing bioproducts and a fossil free future. The raw material for our products is renewable wood from sustainably managed northern forests. We focus on the growth sectors of the forest industry: wood supply and forest services, wood products, pulp, fresh fibre paperboards, and tissue and greaseproof papers.
Metsä Group’s annual sales is approximately EUR 7 billion, and we have around 9,500 employees in 30 countries. Our international Group has its roots in the Finnish forest: our parent company is Metsäliitto Cooperative owned by over 90,000 forest owners.
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