Metsä Board Sustainability Report 2022

Progress in our 2030 sustainability targets

E S G

In 2022, our successes included reducing fossil-based carbon dioxide emissions as well as positive developments in safety at work and the monitoring of supplier responsibility. Lower production in the last quarter of the year weighed on the full year performance in energy efficiency and process water use.

TARGET

TARGET 2030 ACTUAL 2022

PROGRESS

E – ENVIRONMENT Safeguarding biodiversity Share of certified wood fibre

>90%

83%

MG : Retention trees at regeneration sites

100%

95%

MG : Four high biodiversity stumps in harvesting sites

90%

90%

Mitigating climate change and reducing emissions Fossil-based carbon dioxide emissions, tonnes (Scope 1 and Scope 2, market based)

0 t

383,098 t

Share of fossil free energy of total energy consumption

100%

87%

Share of target group suppliers have set SBTi targets by 2024* (Scope 3)

70%

15%

Fossil free raw materials and packaging materials, share of dry tonnes

100%

99.3%

MG : Area of regeneration and management of young stands from the 2018 level

100%

2.8%

MG : The amount of carbon stored in wood products from the 2018 level

+ 30%

-12.4%

Sustainable production and efficient use of resources Improvement in energy efficiency from the 2018 level

>+ 10%

2.7%

Reduction in the use of process water per produced tonne from the 2018 level

- 30%

- 12.2%

Utilisation of side streams

100%

99.9%

S – SOCIAL RESPONSIBILITY Responsible corporate culture and accident free working environment Ethics index in ethics barometer

100%

85%

Total Recordable Injury Frequency (TRIF) per million hours worked

0

6.7

G – SUSTAINABILITY GOVERNANCE Sustainable supply chain Suppliers’ commitment to the Supplier Code of Conduct, share of total purchases

100%

99%

Supplier background check passed, share of total purchases

100%

96%

Supplier sustainability assessment passed, share of total purchases

100%

63%

Traceability of raw materials, share of total purchases

100%

97%

MG = Target at Metsä Group level

* 70% of our non-fibre suppliers and of the logistics operators related to our customer deliveries, measured as a share of our total purchases, would set themselves targets in accordance with the SBTi by 2024.

Progress in 2022 compared to the previous year. Above target On target Below target

4

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