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 prosperous forests, renewable energy production, resource- and energy-efficient production of renewable products and a value-driven corporate culture, we have great opportunities to contribute to sustainable development in line with the UN's goals.
Annual harvest, 1 000 m3fub per year
The forest is harvested sustainably to provide good annual return and stable value growth. Growth and harvest will increase over time.
Industry’s return on capital employed (per cent)
The industrial operations are run with a focus on long-term profitability. Target is a sustained return >10 % on capital employed.
Production of hydro and wind power (GWh)
The production of renewable energy will increase by complementing our existing hydro power with wind power on our own land.
Climate, capital and dividend targets
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.
Climate benefit, million tonnes CO2e
We will increase our benefit to the climate through forest growth and sales of renew-able products, and reducing emissions.
Climate benefitNet debt as per cent of equity
Our financial position is to be strong in order to secure room for manoeuvre when making long-term commercial decisions.
Dividend per share (SEK)
We will generate a good annual dividend for shareholders, adapted to profitability, investment plans and financial situation.
7,5 million tonnes of climate benefit
We are part of a value chain that creates climate benefit in several areas, amounting to over 7 million tonnes of carbon dioxide in year 2023. And it is clear that our greatest climate benefit comes from forest products replacing fossil alternatives.
+2,2
CO2 uptake in the annual increase in the volume of standing timber in Holmen’s forests, plus CO2 stored in Holmen’s products.
+6
Substitution, where the renewable products and the renewable energy Holmen sells replace fossil alternatives.
- 0,7
Holmen’s fossil emissions. Over 80% of these are generated from transport and procurement.
Climate targets in line with the Paris Agreement
Holmen has signed up to the Science Based Targets initiative (SBTi), and our objectives to decrease greenhouse gas emissions are approved by SBT. This is because we want to show that we back the Paris Agreement and that we are doing our bit in driving sustainable development.
Our progress 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: we are part of a value chain where climate benefits are created in several stages, we make the greatest benefit for the climate together with our customers, and we grow best together.
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.
