Borregaard ASA 2023 AR2

The report highlights Borregaard's record financial performance in 2023, with EBITDA reaching an all-time high of NOK 1,781 million, demonstrating the resilience of its specialisation strategy. The company made significant progress on its climate transition plan, reducing Scope 1 and 2 greenhouse gas emissions by 8% compared to 2022 through energy conservation and lower fossil fuel use. Additionally, process improvements led to a 15% reduction in organic material (COD) effluents to water. Borregaard also advanced its sustainability platform by investing NOK 230 million in CO2 reduction and energy flexibility projects at its Sarpsborg biorefinery, while maintaining high standards with 99% of purchased wood being PEFC and/or FSC certified.

Company: Borregaard ASA

Sector: Materials

Country: Norway

Year: 2023

Type: AR2

Pages: 147

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Borregaard ASA

Borregaard ASA 2023 Annual Report

Annual Report

The report highlights Borregaard's record financial performance in 2023, with EBITDA reaching an all-time high of NOK 1,781 million, demonstrating the resilience of its specialisation strategy. The company made significant progress on its climate transition plan, reducing Scope 1 and 2 greenhouse gas emissions by 8% compared to 2022 through energy conservation and lower fossil fuel use. Additionally, process improvements led to a 15% reduction in organic material (COD) effluents to water. Borregaard also advanced its sustainability platform by investing NOK 230 million in CO2 reduction and energy flexibility projects at its Sarpsborg biorefinery, while maintaining high standards with 99% of purchased wood being PEFC and/or FSC certified.

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Document Details

Report Year

2023

Reporting Period

Jan 1, 2023 - Dec 31, 2023

Fiscal Year

2023

Type

Annual Report with Sustainability Disclosures

Language

English

Pages

 

File Size

 

Standards & Assurance

Reporting Standards

Materiality Assessment

Assurance

Assurance Provider

Assurance Standard

ESG Data?Experimental — AI-extracted data, may contain inaccuracies

Emissions

Scope 1:

Scope 2:

Scope 3:

Energy Consumption

Renewable Energy

Water Consumption

Total Waste

Women in Management

Workplace Fatalities

Net Zero Target

Employees