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. In 2019, Metsä Board published its sustainability targets for 2030. One of the targets is to achieve fossil free mills 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, 83% 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.

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.

Sustainability ratings and commitments 

Metsä Board is one of the leading companies placed both on the CDP Climate A and Water A List. In the CDP's Forest Programme, Metsä Board has a Leadership status A-. Metsä Board is also on placed on CDP’s Supplier Engagement Rating Leaderboard for supply chain engagement on climate issues.

Metsä Board has received a rating of AAA in the MSCI ESG Ratings assessment (on a scale of AAA–CCC) and Metsä Board’s GHG emission reduction targets are approved by the Science Based Targets initiative.

Metsä Board has scored the 'Platinum' in EcoVadis' CSR ranking. Included in the top 1% of companies assessed in the manufacture of corrugated paper and paperboard and of containers of paper and paperboard industry.

Metsä Board has an overall ESG Risk Rating score of 16.7 and at low risk of experiencing material financial impacts from ESG factors and a 'Prime' status In ISS ESG Corporate Rating.

Metsä Board has a rating of "Advanced" in Vigeo Eiris ESG assessment.

Metsä Board as part of Metsä Group is 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 also supports the UN's Sustainable Development Goals, the SDGs.