Holmen AB 2024 AR2
The report highlights Holmen's financial and sustainability performance for the fiscal year 2024, during which the company achieved an operating profit of SEK 3,721 million despite challenging market conditions. Holmen created a total climate benefit of 8.3 million tonnes of CO2e, driven by carbon sequestration in its growing forests and the substitution of fossil-based materials with renewable wood and fibre products. The company also reduced its fossil emissions from production by 91% compared to 2005 levels, aligning with the 1.5°C Paris Agreement target. Additionally, Holmen decided to invest SEK 1.5 billion in the construction of the Blisterliden Wind Farm, which is expected to increase its renewable energy deliveries by 20% upon completion in 2026.
Company: Holmen AB
Sector: Materials
Country: Sweden
Year: 2024
Type: AR2
Pages: 136
Holmen AB
Annual Report
The report highlights Holmen's financial and sustainability performance for the fiscal year 2024, during which the company achieved an operating profit of SEK 3,721 million despite challenging market conditions. Holmen created a total climate benefit of 8.3 million tonnes of CO2e, driven by carbon sequestration in its growing forests and the substitution of fossil-based materials with renewable wood and fibre products. The company also reduced its fossil emissions from production by 91% compared to 2005 levels, aligning with the 1.5°C Paris Agreement target. Additionally, Holmen decided to invest SEK 1.5 billion in the construction of the Blisterliden Wind Farm, which is expected to increase its renewable energy deliveries by 20% upon completion in 2026.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
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 on Board
Women in Management
Workplace Fatalities
Employees