Holmen does not distinguish between business targets and sustainability targets. We have sustainable business targets.
We contribute to a better climate. Our growing forests reduce the amount of carbon dioxide in the atmosphere, our products replace fossil alternatives and our hydro power and wind power production contributes to the transition towards a renewable energy system.
We are growing a sustainable future rooted in nature. Inevitably, this means our business leaves footprints in the natural environment. We have a responsibility for the traces we leave behind and for the biodiversity in our landscape. Attaining our sustainable business targets depends on us keeping the land and the ecosystems flourishing.
The forest is sustainably managed to provide a good annual return and stable value growth. Growth and harvests will increase over time.
Growth and harvests will increase over time, while keeping the amount of thinning unchanged.
The return for industrial operations amounted to 12 per cent.
Green energy production will increase by complementing our hydro power with wind power on our own land.
We will contribute positively to the climate through higher growth in our forests, products that replace fossil-based alternatives and reductions in the fossil emissions along our value chain. Furthermore, expanding wind power will play its part in the transition to a fossil-free energy system in Europe.
In 2020, Holmen’s operations helped to generate a climate benefit of over 6 million tonnes of CO2e.Climate benefit
At year end, the financial position remained strong, with a debt/equity ratio of 10 per cent.
Holmen will generate a good annual dividend for shareholders.
The forest delivers the most benefit when it is put to use. It is the heart of Holmen’s sustainable business. We are part of a value chain that creates climate benefit in several areas, amounting to a total of more than 6 million tonnes of carbon dioxide per year. The climate benefit created in our value chains in 2020 is reported in million tonnes CO2e below. And it is clear that our greatest climate benefit comes from forest products replacing fossil alternatives.
CO2 uptake in the annual increase in the volume of standing timber in Holmen’s forests, plus CO2 stored in Holmen’s products.
Substitution, where the renewable products and the renewable energy Holmen sells replace fossil alternatives.
Holmen’s fossil emissions. 80% of these are generated from transport and production of input products.
Holmen has signed up to the Science Based Targets initiative (SBTi) because we want to show that we back the Paris Agreement and that we are doing our bit in driving sustainable development.
Holmen’s new climate targets are calculated in line with the SBTi framework and we are applying to SBTi to have them approved in 2021.
Holmen is growing a sustainable future. We especially focus on the three areas where we have particular opportunities to make a positive impact, not only in the future but right now: the climate, our customers’ sustainable business and the local communities in which we operate.
Holmen’s work on climate is summed up in two of our focus areas: “We contribute to a better climate” and “We help our customers in their sustainable business”. Supported by our third focus area, “We are committed to our employees and to our local communities”, we are growing a sustainable future.
Holmen is an export company and part of Sweden’s basic industries.
With high carbon absorption and exports of climate-smart products, our contribution to sustainable development is global.
The challenges and the direct impact we have on the environment and people are largely local.