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Our journey to net zero

journey to net zero 

 

True sustainability is end-to-end: from procurement and working with our suppliers, to production and product delivery to our customers. Our economic goals are aligned with our social, community and environmental responsibilities. Our long-term ambition, third party validated targets and continued action today have us well positioned to deliver on our commitments.

2005 - Our Starting Point

  • 2005 is the baseline year of our CO2 target

2010 - Our Progress

  1. Set target of 20% reduction in relative CO2 emissions by 2020 (2005 baseline).
  2. 2020 target of 20% reduction achieved with a 21% reduction by the end of 2013.
  3. New relative emissions reduction target of 25% reduction set for 2020.
  4. 2020 target of 25% reduction achieved and more ambitious relative emissions reduction target of  40% by 2030 set.
  5. Approval of €134 million new recovery boiler in Nettingsdorf (Austria).
  6. Long-term target of at least net zero emissions by 2050 and increased the 2030 emissions reduction target to 55%.
  7. 2021: SBTi approval received for our CO2 emissions target as being in line with the Paris Agreement and a well-below 2°C trajectory. Launched Better Planet 2050 commitments.

2022 - Our Target

  1. 2022: 43.9% reduction in CO2 emissions. Successfully trialled hydrogen project at our Saillat paper mill (France). Announced a major investment in our Cali paper mill (Colombia) of almost US$100 million in a sustainable biomass boiler.
  2. 2023: Significant investment in our Hoya paper mill and board manufacturing plant (Germany). A CO2 emissions reduction of 5,500 tonnes per annum is expected.
  3. 2024: Contribution from a state-of-the-art sustainable biomass boiler at our paper mill in Cali, which is expected to reduce our global Scope 1 and Scope 2 CO2 emissions by approximately 6%.
  4. Reviews of our third-party validation.
  5. Approx. 60 projects identified to implement until 2030 in order to achieve our 55% CO2 emissions reduction target.

2030 to 2050 - Our Commitment

  1. Scaling new and emerging technologies, as they become available.
  2. Consideration of residual carbon neutralising technologies to achieve ‘at least’ net zero by 2050. 

Download our Net Zero Transition Plan