Our 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
- Set target of 20% reduction in relative CO2 emissions by 2020 (2005 baseline).
- 2020 target of 20% reduction achieved with a 21% reduction by the end of 2013.
- New relative emissions reduction target of 25% reduction set for 2020.
- 2020 target of 25% reduction achieved and more ambitious relative emissions reduction target of 40% by 2030 set.
- Approval of €134 million new recovery boiler in Nettingsdorf (Austria).
- Long-term target of at least net zero emissions by 2050 and increased the 2030 emissions reduction target to 55%.
- 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
- 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.
- 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.
- 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%.
- Reviews of our third-party validation.
- Approx. 60 projects identified to implement until 2030 in order to achieve our 55% CO2 emissions reduction target.
2030 to 2050 - Our Commitment
- Scaling new and emerging technologies, as they become available.
- Consideration of residual carbon neutralising technologies to achieve ‘at least’ net zero by 2050.