February 21, 2024
(press release)
–
Metsä Board
ESG Presentation
January-
December 2023
Metsä Board: Investment highlights
Premium fresh fibre paperboards
| A leading position |
|
Strong focus on |
| in a growing market |
|
sustainability |
| |
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Investing in sustainable and profitable growth
- Recyclable and lightweight paperboards from renewable materials
- Packaging materials providing an alternative to plastics
- Metsä Board is #1 in folding boxboard and white kraftliners in
Europe
, and
- #1 in coated white kraftliners globally
- Fossil free production and products by the end of 2030
- Resource efficiency and reduced carbon footprint of packaging
- Recently completed large-scale growth investments
- Mill-specificinvestments required to be fossil free in production in 2030
Metsä Board is part of profitable Metsä Group
Ensures an uninterrupted production chain from sustainably managed forests to high-quality end products
| |
Sales in 2023 |
|
| |
EUR 1,942 million
|
|
| Split by product |
|
Split by region |
| Other |
|
APAC |
| operations |
|
| |
7% |
| 4% |
|
| |
|
| Market pulp |
|
|
| 13% |
Americas
|
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| |
|
| |
27% |
|
| White |
Folding |
|
| boxboard |
|
| kraftliners |
EMEA |
| 59% |
| 24% |
| 66% |
| |
| |
|
Comparable operating result
FY2023:
EUR 122 million
or 6.3% of sales
EUR million
600
500
400
300
200
100
0
Comparable operating result, EURm
Comparable operating margin, %
| Paperboard capacity |
Pulp and BCTMP capacity |
Ownership in Metsä Fibre* |
Long-term customerships |
| 2.3million |
million |
24.9% |
|
| tonnes/year |
1.7 |
secures self-sufficiency in pulp |
|
| tonnes/year |
|
In 2023 paperboard capacity increased by 240,000 tonnes due to the capacity expansions in Husum and Kemi. Additional capacity is expected to be fully in the market in 2026.
Diversified customer base in 100 countries including
brand owners, converters, manufacturers of4 corrugated products and merchants
Strategy
VALUES
Reliability Cooperation Renewal Responsible profitability
PURPOSE:
Advancing bioeconomy and circular economy by efficiently and sustainably processing northewood into first-class products.
STRATEGY
We grow in fibre-based packaging materials and renew our industrial operations.
MEGATRENDS
OUR STRATEGIC PROGRAMMES
Premium supplier
Effective innovation
Safe and efficient operations and organic growth
Leader in sustainability
Motivated people
VISION:
Preferred supplier of innovative and sustainable fibre-based packaging solutions, creating value for customers globally.
Population growth Urbanisation Biodiversity loss Climate change Digitalisation
Metsä Board is part of Metsä Group
Metsä Group's interest is to increase the value of the forest of owner-members by processing northewood into valuable and sustainableend-products
METSÄ GROUP FY2023: Sales
EUR 6.1 billion
│ROCE 7.2%│ Personnel 9,500
Parent company: METSÄLIITTO COOPERATIVE
owned by over 90,000 Finnish forest-owners
| METSÄ FOREST |
|
METSÄ WOOD |
|
METSÄ FIBRE |
METSÄ BOARD |
|
METSÄ TISSUE |
| |
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| WOOD SUPPLY AND |
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WOOD PRODUCTS |
|
PULP AND |
PAPERBOARD |
|
TISSUE AND |
| FOREST SERVICES |
|
|
|
SAWN TIMBER |
|
|
GREASEPROOF PAPERS |
| Holding |
|
Holding |
|
Holding |
Holding |
|
Holding |
| |
Metsäliitto Cooperative 100% |
|
Metsäliitto Cooperative 50.1% |
Metsäliitto Cooperative 50.2% |
|
Metsäliitto Cooperative 100% |
| Metsäliitto Cooperative 100% |
|
|
|
| |
|
|
Itochu Corporation
25.0% |
Listed in Nasdaq Helsinki |
|
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| |
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|
|
| |
|
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|
Metsä Board 24.9% |
|
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| |
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METSÄ SPRING INNOVATION COMPANY
Metsä Spring's role is to
➢ invest worldwide in start-ups and implement Metsä Group's own selected pilot/demo projects
➢ lead Metsä Group's R&D with the aim of supporting and activating the development of Group's current businesses
6
We aim to improve our operations continuously
Metsä Board has an "A" score in the Climate and Water and an "A-" in the Forest rating.
Total score 87/100. Metsä Board has achieved the highest rating level every year since 2017.
| Linkto ISS website |
Metsä Board's GHG emission |
| reduction targets are approved by the |
| |
| |
Science Based Targets initiative. |
Linkto
MSCI
website
The use by Metsä Board of any
MSCI ESG Research
llc or its affiliates ("MSCI") data, and the use of
MSCI
logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Metsä Board by
MSCI
.
MSCI
services and data are the property of
MSCI
or its information providers, and are provided 'as-is' and without warranty.
MSCI
names and logos are trademarks or service marks of
MSCI
.
Linkto
Ellen MacArthur Foundation
website
As part of Metsä Group, Metsä Board is committed to the
UN Global Compact
corporate responsibility initiative and its principles in the areas of human rights, labour, the environment and anti-corruption. Metsä Board also supports the
UN's
Sustainable Development Goals
, the SDGs.
We are committed to
the
UN Global Compact
HUMAN RIGHTS
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
Principle 2: make sure that they are not complicit in human rights abuses.
LABOUR
Principle 3: Businesses should uphold
the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4: the elimination of all forms of forced and compulsory labour;
Principle 5: the effective abolition of child labour; and
Principle 6: the elimination of discrimination in respect of employment and occupation.
ENVIRONMENT
Principle 7: Businesses should support a precautionary approach to environmental challenges;
Principle 8: undertake initiatives to promote greater environmental responsibility; and
Principle 9: encourage the development and diffusion of environmentally friendly technologies.
ANTI-CORRUPTION
Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
Material topics are reported in line with common frameworks
- From 2024, Metsä Board is bound by the reporting requirements of the EU's Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS)
- These standards, which cover general, environmental, social and governance aspects of sustainability, will already form the basis for the company's 2023 sustainability disclosure
- Metsä Board's Sustainability Statement 2023 will be published as part of the Report of the Board of Directors, and it will be available on the companywebsiteduring Q1/2024
- The disclosure will include links to separate appendices covering the GRI
Content Index, SASB Content Index and reporting according to the TCFD's recommendations
Circular economy and
Metsä Board's products
We aim for fully fossil free production and products and use natural resources as efficiently as possible in accordance with the principles of the circular economy. This reduces the climate and environmental footprints of our products.
Disclaimer
Metsä Board Oyj published this content on
21 February 2024
and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on
21 February 2024
13:31:17 UTC
.
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