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Sat, Mar 28, 2020 22:44
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Management Side
Metsä Board's emissions reduction targets meet the most ambitious goals of the Paris Agreement, approved by the Science Based Targets initiative

FINLAND (News 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).


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