Metsä Board Annual and sustainability report 2022

BUSINESS OPERATIONS AND VALUE CREATION

SUSTAINABILITY REPORT Environment

FINANCIAL DEVELOPMENT

GOVERNANCE

E S G

Our environmental operations are guided by the principles of our environmental policy, which concerns matters such as sustainable forest management, environ- mental responsibility, the continuous improvement of our operations, resource efficiency, stakeholder communication, and our suppliers’ sustainability. Forest use is guided by Metsä Group’s principles for forest use and management.

All Metsä Board production units have a certified ISO 9001 quality management system, ISO 14001 environmental management system, ISO 50001 energy management system, and an energy efficiency system (EES). All our operations are covered by the PEFC and FSC® certified Chains of Custody. In accordance with the systems’ requirements, we conduct regular risk assessments and internal and third-party audits of our operations. All our mills have environmental permits issued by the authorities, which specify the maximum limits for discharges into

waterbodies and emissions into the atmosphere. The permits also set limits for environmental noise and minimum requirements for the monitoring of emissions and reporting on them. We engage in continuous dialogue with our stakeholders. All major projects such as new production lines always include an environmental impact assessment, during which we hear the opinions of local residents and other stakeholders. License codes: PEFC/02–31–92 and FSC®-C001580

Working together to promote the circular economy

In 2022, Metsä Group joined the global circular economy network of the Ellen MacArthur Foundation, which brings together companies, innovators, cities, universities and influencers. This cooperation sup- ports our goal of being a forerunner in a fossil free circular economy. “The circular economy is more than ramped-up waste management and recycling of end products. The goal is to optimise material, energy and information flows, and generate value across the entire value chain and system. This calls for a dialogue with operators of the value chain,” says Maija Pohjakallio , Metsä Group’s VP, Climate and Circular Economy. For example, in Äänekoski, wood supply and forest services, as well as the operations of Metsä Board, Metsä Fibre, Metsä Spring and Metsä Wood come together with other companies to form an industrial ecosystem in which nearby production units benefit from one another.

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