Energy Most of the energy we use (Scopes 1 and 2) is already based on renewable energy produced of fractions generated in our pro- cesses and wood supply, including black liquor, bark and logging residue. We have analysed the risks related to this bio-based energy, and all the biomass we use is climate neutral in accordance with EU regulations. In addition to renewable energy, nuclear power is an important fossil free source of energy for us. Despite the halt to natural gas deliveries from Russia, the supply of natural gas to Metsä Board’s Joutseno, Kyro and Tako mills continued uninterrupted in 2022. The Kyro and Joutseno mills will have the resources in place to use liquefied natural gas in early 2023. In addition, natural gas has been partly replaced with oil in the Tako mill. The use of alternative forms of energy will not slow down Metsä Board’s goal of gradually transitioning to fully fossil free energy by the end of 2030.
TOTAL ENERGY CONSUMPTION BY ENERGY SOURCE IN 2022 12.0 TWh (primary energy)
Renewable energy, wood-based ����������������������� 53% Other renewable energy ������������������������������������ 2% Nuclear power �������������������� 32% Fossil fuels * ������������������������ 13%
* Gas 7%, oil 3%, coal < 2%, recycled fuel 1%, peat 1% Metsä Board does not use coal in its own energy production, but the share of coal is based on purchased electricity.
ENERGY CONSUMPTION 2018–2022
2022
2021
2020
2019
2018
Energy consumption, GWh (as primary energy)
11,965
11,860
11,844
11,699
11,675
Energy consumption, GWh (according to GRI)
8,561
8,428
8,355
8,398
8,643
Energy self-sufficiency Metsä Board’s self-sufficiency in electricity is high. In its self-suf- ficiency, the company includes its own electricity generation, electricity purchased at cost price from Pohjolan Voima 1) (known as the Mankala principle), and electricity purchased from Metsä Fibre, its associated company. During 2023–2024, the company’s electricity self-sufficiency will increase, when Husum’s new recovery boiler and turbine as well as Olkiluoto 3 reach their full production capacity. Self-sufficiency will be further increased by Metsä Fibre’s new bioproduct mill, which will start up in the second half of 2023. Respectively, later in 2023 energy consumption will be increased by capacity expansions of folding boxboard in Husum as well as white krafliner in Kemi. Heat is mainly produced from fractions generated in our own processes and wood supply, includ- ing black liquor, bark and logging residue. The company hedges against the price risk of gas and fuels purchased on the market in accordance with its commodity hedging policy. The degree and duration of hedging depends on the type of commodity.
ELECTRICITY BY SOURCING METHOD 2,4 TWh
Own generation ������������������ 21% Purchased at cost price from Pohjolan Voima ���������� 31% Purchased from Metsä Fibre ������������������������� 12% Purchased on the market 36%
HEAT AND FUELS BY SOURCING METHOD 6,2 TWh (primary energy)
Biomass, own production ������������������ 77% Biomass-based heat purchased from Metsä Fibre ������������������������� 13% Gas, oil, recycled fuel and peat purchased on the market ��������������������� 10%
1) Metsä Board ownerships in nuclear power plants are: 5.2% in OL1 and OL2 and 1.5% in OL3 through its ownership in Pohjolan Voima.
INTERACTIVE ROADMAPS ON 2030 CLIMATE AND WATER TARGETS
On its website, Metsä Board has published detailed interactive roadmaps of the measures with which it aims to achieve its targets for mitigating climate change and reducing water by the end of 2030.
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METSÄ BOARD SUSTAINABILITY REPORT 2022
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