Holmen AB 2019 AR2
The report outlines Holmen's financial and sustainability performance for the 2019 fiscal year, highlighting a significant upward revision of its forest assets to SEK 41 billion based on market transaction prices. The company achieved a positive climate footprint of 2.7 million tonnes of carbon dioxide, driven by active forest management and the substitution of fossil-based materials with wood products. Holmen also made a major investment decision of SEK 1.3 billion to construct the Blåbergsleden wind farm, which is expected to increase its renewable electricity generation by 35 percent. Additionally, the company successfully reduced fossil fuel use at its mills by 87 percent since 2005, nearing its target of fossil-free operations.
Company: Holmen AB
Sector: Materials
Country: Sweden
Year: 2019
Type: AR2
Pages: 92
Holmen AB
Annual Report
The report outlines Holmen's financial and sustainability performance for the 2019 fiscal year, highlighting a significant upward revision of its forest assets to SEK 41 billion based on market transaction prices. The company achieved a positive climate footprint of 2.7 million tonnes of carbon dioxide, driven by active forest management and the substitution of fossil-based materials with wood products. Holmen also made a major investment decision of SEK 1.3 billion to construct the Blåbergsleden wind farm, which is expected to increase its renewable electricity generation by 35 percent. Additionally, the company successfully reduced fossil fuel use at its mills by 87 percent since 2005, nearing its target of fossil-free operations.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
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:
Water Consumption
Women in Management
Workplace Fatalities
Employees