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European Climate Pact
private sectorMetsä Board Corporation

Metsä Board Corporation

Overview

Location

Finland

Sector

Paper & Forestry

Organisation type
Business

Company Information

Metsä Board is a leading European producer of sustainable premium fresh fibre paperboards for consumer and retail packaging, including folding boxboards, food service boards and white kraftliners. It is publicly listed and headquartered in Espoo, Finland. In 2021, the company reported a total of 9,500 employees and a sales revenue of 6.0 billion euros.*

*Source (27.05.2022)

Our progress towards decarbonization

 

GHG Emissions

North Star

Have an officially validated science-based emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

Metsä Board Corporation has a target to reduce absolute Scope 1+2 (market-based) CO2e emissions 100% by 2030 from a base year of 2016.

MRV Status: Pact MRV in place*

*Reported target data is checked for completeness. The target year should not have already passed. The target ambition is reported to be consistent with the level of decarbonization required to keep global temperature increase to below 1.5°C. The coverage of the target is also checked to include company-wide operations, i.e. covered emissions in the target base year are at least 95% of the total base year scope 1+2 emissions. Finally, targets are checked to have been officially approved by SBTi.

Join the Business Ambition for 1.5°C and publicly commit to have a net-zero by 2050 target and emissions reduction strategy in line with the SBTi Criteria and Recommendations

MRV Status: Pact MRV in place*

*Pledging organisation is checked to have made a public commitment to set a net zero science-based target aligned with the SBTi’s target-setting criteria within 24 months.

Status date: Submitted (20/07/2021)

Data source: Science Based Targets initiative

How we want to achieve this – the Pathway

Have a target to get suppliers/customers to set emissions reduction targets in line with the SBTi Criteria and Recommendations 

Metsä Board Corporation has a target for 70% of its suppliers to set emission reduction targets by 2024 from a base year of 0.2% in 2016.

MRV Status: Pact MRV in place*

*Reported data is checked for completeness. Pledger must provide at a minimum: a base year, target year, figure or percentage in the base year, and figure or percentage in the target year.

Have an internal price on carbon

MRV Status: Pact MRV in place*

*Reported data is checked to gather details on how the organisation uses the price on carbon. Pledger must provide at minimum: the Scope(s) of emissions covered by the internal carbon pricing mechanism, the application of the price on carbon (i.e. the part(s) of the business decision-making process that the internal carbon pricing mechanism applies to), the actual carbon price level(s) used (Currency/metric ton), the variance of price(s) used, the type of internal price (e.g a shadow price or internal fee). Finally this pledge requires details on the impact and implication of setting a price on carbon (i.e a company-specific description of how the organization uses the internal price on carbon).

Publicly disclose climate and environmental data to investors and customers through a public platform

MRV Status: Pact MRV in place*

*Pledging organisation is confirmed to have disclosed publicly on their climate and environmental impact. For example by responding publicly to the CDP Climate Change Questionnaire.

Implement climate scenario analysis as part of your business strategy setting

MRV Status: Pact MRV in place*

*Pledging organisation has reported they use climate-related scenario analysis to inform its strategy. Pledger must provide at a minimum: details on the climate-related scenarios and models applied (e.g. 2DS, IEA 450, Greenpeace, DDPP, IRENA etc.) as well as additional information such as how the selected scenario(s) were identified, with reference to the inputs, assumptions and analytical methods used.

Status date: Submitted (20/07/2021)

Data source: CDP Climate Change 2021

 

Energy

Our actions – the Pathway

Have a target to improve energy efficiency 

MRV Status: Pact MRV in place*

*Reported data is checked for completeness. Pledger must provide at a minimum: a base year, target year, figure or percentage in the base year, figure or percentage in the target year and a target numerator if reporting an intensity target.

Status date: Submitted (20/07/2021)

Data source: CDP Climate Change 2021

 

Forests

Our actions – the Pathway

Publicly disclose data on forest-related impact to investors through a public platform

MRV Status: Pact MRV in place*

*Pledging organisation is confirmed to have disclosed publicly on their forest-related impact. For example by responding publicly to the CDP Forest Questionnaire.

Have a publicly available forest policy, with well-defined goals and targets, that is used to inform internal decision-making

MRV Status: Pact MRV in place*

*Pledging organisation has reported they have a documented forest policy that is publicly available. It may be a stand-alone forest policy document or another equivalent document that includes the forest policy such as a "sustainability policy". They have described the scope or coverage of the forest policy, as well as the aspects that are covered by their policy.

Set a quantifiable target for increasing the sustainable production and/or consumption of disclosed commodities

MRV Status: Pact MRV in place*

*Check the reporting of a target to increase the sustainable production and/or consumption of a forest risk commodity. Pledger must provide at a minimum a valid start year and target year, a target number or percentage. The target year must be beyond the current year.

Status date: Submitted (20/07/2021)

Data source: CDP Forests 2021

 

Water

Our actions – the Pathway

Have a target to reduce water withdrawals

MRV Status: Pact MRV in place*

*Reported data is checked for completeness. Pledger must provide at a minimum the quantitative metric of the target (e.g. an absolute reduction in total water withdrawals, % reduction in total water withdrawals, or % increase in water use met through recycling/reuse), baseline year, start year and target year. The target year must be beyond the current year.

Publicly disclose data on water-related impact to investors through a public platform

MRV Status: Pact MRV in place*

*Pledging organisation is confirmed to have disclosed publicly on their water management and water-related impact. For example by responding publicly to the CDP Water Security Questionnaire.

Commitment to align with public policy initiatives, such as the SDGs, related to water security

MRV: Publicly announced

Commitment to improve water security beyond regulatory compliance

MRV: Publicly announced

Commitment to water-related innovation

MRV: Publicly announced

Commitment to water stewardship and/or collective action

MRV: Publicly announced

Commitment to increase stakeholders awareness and education around water security issues

MRV: Publicly announced

Status date: Submitted (20/07/2021)

Data source: CDP Water 2021

 

Read more about their stories:

Now for nature - The decade of delivery - Metsa Board
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(689.42 KB - PDF)
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