Sustainable investment

Sustainable investment

Working sustainably, it creates value for our shareholders and customers. It also enables us to embrace opportunities.

Sustainability is a part of everything we do. The foundation of our sustainability work consists of four themes covering all our operations and eight concrete targets that guide our everyday work. Our sustainability work supports reaching the global Sustainable Development Goals (SDGs) set by the United Nations.

Metsä Board has a unique value chain, in which the fresh fibres used as raw material are traceable to sustainably managed forests and the production is resource-efficient. Metsä Board has received a lot of recognition for its responsible business operations.

On 1 August 2019, Metsä Board published its sustainability targets for 2030. One of the targets is to achieve fossil free mills by 2030 with zero fossil CO2 emissions.  This ambitious target includes both emissions from the company’s own energy production (scope 1) as well as purchased energy (scope 2). Currently, 82% of the energy used at Metsä Board mills is fossil free.

In addition, Metsä Board is aiming for a 30% reduction in water use per product tonne and a minimum of a 10% energy efficiency improvement by 2030 compared to the 2018 level. These will also play an important role in reaching the fossil free mills target.

The main raw material in Metsä Board’s paperboard production is renewable and 100% traceable wood sourced from sustainably managed Northern European forests. Metsä Board’s target is to reach a minimum of 90% share of certified wood out of all sourced wood raw material by 2030. In 2018, the company’s share of certified wood raw material was 79%.

Metsä Board is part of Metsä Group that is already a significant carbon sink as its operations already result in more carbon being bound than being emitted. Metsä Board’s sustainability targets are based on the strategic sustainability 2030 objectives of Metsä Group.

External recognitions and commitments in sustainability

Metsä Board has been reporting to CDP since 2010. Metsä Board was once again rewarded a position on the CDP Water A List as well as on the CDP Climate A List. This was the fourth consecutive year that the company was included on the CDP Water A List and the third year on the CDP Climate A List. Metsä Board also achieved Leadership status in the CDP Forest programme for the fourth year in a row. In addition, Metsä Board was awarded a position on Supplier Engagament leader board for its efforts to manage carbon emissions and address climate-related issues across the supply chain. CDP is an international, non-profit organ¬isation that offers companies and municipal authorities a worldwide system for measuring, publishing, managing and distributing infor¬mation about their environmental impact.

Metsä Board is among the top 27 companies placed on the global Water A List. This achievement is in recognition of Metsä Board’s actions in the last reporting year to manage water more sustainably. Additionally, Metsä Board is among the top 126 of companies featured on the global Climate A List. This positioning is a recognition for the company’s activities in cutting emissions, mitigating climate risks and developing the low-carbon economy. In 2018, over 7,000 companies disclosed through CDP.

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Metsä Board scored the highest recognition level “Gold” in EcoVadis’ CSR ranking in 2018, and is included in the top 1% of suppliers assessed across all categories.


Metsä Board is also committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labour, environment and anti-corruption.

Metsä Board was awarded “Prime” status in ISS-oekom corporate responsibility rating in May 2018.
In June 2018, Metsä Board received a rating of AAA (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment. Metsä Board has an overall ESG score of 86/100 and is considered a Leader in Sustainalytics’ assessment in May 2018.

Metsä Board is also committed to Science Based Targets to reduce its GHG emissions in line with the goal of the Paris Agreement.