Metsä Board Annual and sustainability report 2022

BUSINESS OPERATIONS AND VALUE CREATION

SUSTAINABILITY REPORT

FINANCIAL DEVELOPMENT

GOVERNANCE

This is Metsä Board

We focus on premium fresh fibre paperboards and are a forerunner in sustainability. Our strategy is to grow in fibre-based packaging materials and renew our industrial operations.

Focus on sustainable fresh fibre paperboards

A forerunner in sustainability Our products support the circular economy and they have a smaller carbon footprint compared to many other packaging mate- rials. Our future growth is based on more efficient use of resources and raw materials. Our target is fossil free production and products by the end of 2030.

We focus on premium and recyclable fresh fibre paperboards, that help our customers reduce their plastic use. Our paper- boards are mainly used in consumer packaging and in retail packaging solutions where demand is rather stable, regardless of the economic situation.

Strong position in a growing market

Investing in sustainable growth

We are a leading producer of folding boxboard and white kraftliners in Europe, and globally the biggest producer of coated white kraftliners. In the USA, we are the largest supplier of folding boxboard. We expect the global demand for paperboards to grow faster, at an annual rate of around 5%, compared to other packaging materials.

Our ongoing and planned investments respond to the growing demand for sustainable packaging materials. We are continuously modernising our industrial operations to further strengthen our competitiveness. We have a clear road map to implement our ambitious sustainability targets. This includes investments and explorations of alternative raw materials in cooperation with our partners.

We are part of the profitable Metsä Group and benefit from the good availability of our main raw material, northern wood. Our self-sufficiency in pulp guarantees the consistent and high quality of the fibre and enables the growth of our paperboard business.

Sales EUR 7.0 billion

The parent company Metsäliitto Cooperative is composed of over 90,000 Finnish forest owners.

METSÄ GROUP

WOOD SUPPLY AND FOREST SERVICES (Metsä Forest)

METSÄ WOOD Wood Products

METSÄ FIBRE Pulp and sawn timber

METSÄ BOARD Paperboard

METSÄ TISSUE Tissue and greaseproof papers

OWNERSHIP

Metsäliitto Cooperative 100%

Metsäliitto Cooperative 100%

Metsäliitto Cooperative 50.1% Metsä Board 24.9% Itochu Corporation 25.0%

Metsäliitto Cooperative 50.2*% (68.2% of votes) The company is listed on Nasdaq Helsinki.

Metsäliitto Cooperative 100%

METSÄ SPRING Innovation company

* Information based on flagging release on 30 December 2022

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