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Metsä Board ’s emissions reduction targets approved by Science Based Targets initiative as it meets goals of Paris Agreement

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Metsä Board ’s emissions reduction targets approved by Science Based Targets initiative as it meets goals of Paris Agreement

February 12, 2020 - 06:51
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ESPOO, Finland, Feb. 12, 2020 (Press Release) -Metsä Board, the leading European producer of premium fresh fibre paperboards and part of Metsä Group, has had its emissions reduction targets approved by the Science Based Targets initiative as being consistent with the levels required to meet the goals of the Paris Agreement. The targets, covering greenhouse gas emissions from Metsä Board’s operations (Scopes 1 and 2), are in line with reductions required to limit global warming to 1.5°C. Metsä Board has committed to reduce by 100% its absolute Scope 1 and 2 GHG emissions by 2030 from a 2016 base year. Scope 1 covers greenhouse gas emissions caused by the company’s own production and Scope 2 refers to purchased energy.

Metsä Board’s target for reducing the emissions from its value chain (Scope 3) also meet the SBTi’s criteria for ambitious value chain goals and are thus in line with current best practices. Metsä Board commits that 70% of its non-fibre suppliers and downstream transportation suppliers by spend will set science based targets by 2024.

“Last year we announced our new, ambitious sustainability targets for 2030. One of these is to achieve fossil free mills by 2030 with zero fossil CO2 emissions. Now we are making the next big commitment to do our share in reducing the consequences of climate change,” says Mika Joukio, CEO of Metsä Board.

The Science Based Targets initiative defines and promotes best practice in science-based target setting and independently assesses companies’ goals. Science-based targets are emission reduction targets set in line with the latest climate science requirements needed to meet the goals of the Paris Agreement. The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

Metsä Board

Metsä Board is a leading European producer of premium fresh fibre paperboards and forerunner in sustainability. We produce premium lightweight folding boxboards, food service boards and white kraftliners for consumer goods packaging as well as retail-ready and food service applications. We work together with our customers on a global scale to innovate solutions for better consumer experiences with less environmental impact. The pure fresh fibres Metsä Board uses are a renewable resource, traceable to origin in sustainably managed northern forests. We aim for completely fossil-free mills and raw materials by 2030.

The global sales network of Metsä Board supports customers worldwide, including brand owners, retailers, converters and merchants. In 2019, the company’s sales totalled EUR 1.9 billion, and it has approximately 2,400 employees. Metsä Board, part of Metsä Group, is listed on the Nasdaq Helsinki.

Metsä Group

Metsä Group is a forerunner in sustainable bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh fibre paperboards and tissue and greaseproof papers.

In 2019, Metsä Group’s sales totalled EUR 5.5 billion, and it employs approximately 9,300 people. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 103,000 Finnish forest owners.