Sustainable business objectives
We aim to create value that stands the test of time while contributing to a better climate.
A business that benefits the climate
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.
Targets for the forest, industry and energy
With growing, healthy forests, renewable energy production, resource and energy-efficient production of climate-smart products and a values-driven company culture, we have major opportunities to do our part in creating sustainable development in line with the UN’s Sustainable Development Goals.
Annual harvest ’000 m3sub per year
Sustainable forest management to provide good annual returns and stable growth in value. Growth and harvest will increase over time.
Industry’s return on capital employed, %
Holmen's industry is run with a focus on long-term profitability.
Production of hydro and wind power, GWh
The production of renewable energy will increase by supplementing our hydropower with wind power on our own land.
Climate, capital and dividend targets
Our single greatest contribution is the contribution we make to a better climate through our own operations and in partnership with our customers.
Climate benefit, million tonnes CO2
We will make a positive contribution to the climate by growing our business. Read more about Holmen's climate benefits here
Climate benefitNet debt as % of equity
We must have a strong financial position to have the freedom to make long-term business decisions.
Dividend per share, SEK
We will provide a good annual dividend to shareholders, based on, among other things, profitability and investment plans.
6.4 million tonnes of climate benefit
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.
+1.8
CO2 uptake in the annual increase in the volume of standing timber in Holmen’s forests, plus CO2 stored in Holmen’s products.
+5,0
Substitution, where the renewable products and the renewable energy Holmen sells replace fossil alternatives.
- 0,4
Holmen’s fossil emissions. 80% of these are generated from transport and production of input products.
Climate targets in line with the Paris Agreement
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.
Our focus areas for a sustainable future
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.
The UN’s Sustainable Development Goals
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.
