METSÄ BOARD Annual review 2024
ESRS INDICATOR
LOCATION & COMMENT
ESRS INDICATOR
LOCATION & COMMENT
ESRS E3 – Water and Marine Resources E3-1 – Policies related to water and marine resources
ESRS S1 – Own Workforce S1-13 – Training and skills development metrics
S1 Training and skills development -table
E3 Policies Metsä Board does not use marine resources.
S1-14 – Health and safety metrics
S1 Health and safety -table; S1 Policies ; S1 Actions ; S1 Reporting principles for metrics S1 Policies ; S1 Family-related leave -table; S1 Reporting principles for metrics
E3-2 – Actions and resources related to water and marine resources
E3 Actions
Business operations and value creation 2 This is Metsä Board 4 CEO’s review 6
E3-3 – Targets related to water and marine resources
E3 Metsä Board’s 2030 sustainability target ; E3 Reporting principles for metrics
S1-15 – Work-life balance metrics
E3-4 – Water consumption
E3 Water withdrawals and consumption and wastewater discharges -table; E3 Reporting principles for metrics E3 Financial effects Anticipated financial effects reported partly as qualitative information.
E3-5 – Anticipated financial effects from water and marine resources-related impacts, risks and opportunities ESRS E4 – Biodiversity and Ecosystems E4-1 – Transition plan and consideration of biodiversity and ecosystems in strategy and business model
S1-16 – Compensation metrics (pay gap and total compensation)
S1 Total remuneration ratio of women and men -table; S1 Total remuneration -table; S1 Reporting principles for metrics
Strategy and financial targets
8
Value creation
S1-17 – Incidents, complaints and severe human rights impacts
S1 Incidents, complaints and severe human rights impacts ; S1 Incidents, complaints and severe human rights impacts -table; S1 Reporting principles for metrics
E4 Transition plan and consideration of biodiversity and ecosystems in the strategy and business model
E4-2 – Policies related to biodiversity and ecosystems
E4 Policies
Financial development 10 Key figures 12
ESRS S2 – Workers in the Value Chain S2-1 – Policies related to value chain workers
E4-3 – Actions and resources related to biodiversity and ecosystems
E4 Actions
S2 Policies
E4-4 – Targets related to biodiversity and ecosystems
E4 Metsä Group’s 2030 sustainability targets for wood supply ; E4 Reporting principles for metrics
S2-2 – Processes for engaging with value chain workers about impacts
S2 Engaging with value chain workers about impacts ;
Report of the Board of Directors
S2-3 – Processes to remediate negative impacts and channels for value chain workers to raise concerns
S2 Processes to remediate negative impacts and channels for value chain workers to raise concerns ; G1 Mechanisms for identifying, reporting and investigating concerns S2 Actions ; S2 Processes to remediate negative impacts and channels for value chain workers to raise concerns
E4-5 – Impact metrics related to biodiversity and ecosystems change
E4 Areas valuable to biodiversity in the vicinity of Metsä Board’s production units E4 Impact metrics related to changes in biodiversity and ecosystems E4 Financial effects Anticipated financial effects reported partly as qualitative information.
20 20 37 70 89 96
• Sustainability statement
General information
E4-6 – Anticipated financial effects from biodiversity and ecosystem-related risks and opportunities
S2-4 – Taking action on material impacts on value chain workers, and approaches to man- aging material risks and pursuing material opportunities related to value chain workers, and effectiveness of those action S2-5 – Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities
E – Environment
ESRS E5 – Resource Use and Circular Economy E5-1 – Policies related to resource use and circular economy
S – Social responsibility
E5 Policies
S2 Targets ; G1 Metsä Board’s 2030 sustainability targets ; G1 Reporting principles for metrics
G – Governance
E5-2 – Actions and resources related to resource use and circular economy
E5 Actions
E5-3 – Targets related to resource use and circular economy
E5 Metsä Board’s 2030 sustainability target ; E5 Reporting principles for metrics E5 Inflows of material and energy streams -table; E5 Reporting principles for metrics E5 Outflows of material and energy streams -table; E5 Waste use and disposal -table; E5 Reporting principles for metrics
Annexes to the Sustainability statement
ESRS S3 – Affected Communities S3-1 – Policies related to affected communities
S3 Actions
E5-4 – Resource inflows
98 Consolidated financial statements 102 Notes to the consolidated financial statements 150 Parent company financial statements 153 Notes to the parent company financial statements 166 The Board’s proposal to the Annual General Meeting for the distribution of funds 167 Auditor’s Report 171 Sustainability statement assurance report 173 Shares and shareholders 177 Ten years in figures 178 Taxes 179 Production capacities 181 Calculation of key ratios and comparable performance measures Corporate governance 183 Corporate governance statement 190 • Board of Directors of Metsä Board 194 • Corporate Management Team of Metsä Board
S3-2 – Processes for engaging with affected communities about impacts communities about impacts S3-3 – Processes to remediate negative impacts and channels for affected communities to raise concerns S3-4 – Taking action on material impacts on affected communities, and approaches to man- aging material risks and pursuing material opportunities related to affected communities, and effectiveness of those actions S3-5 – Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities
S3 Engaging with affected communities about impacts
E5-5 – Resource outflows
S3 Processes to remediate negative impacts and channels for affected communities to raise concerns ; G1 Mechanisms for identifying, reporting and investigating concern s S3 Actions ; S3 Processes to remediate negative impacts and channels for affected communities to raise concerns
E5-6 – Anticipated financial effects from resource use and circular economy-related impacts, risks and opportunities
E5 Financial effects Anticipated financial effects reported partly as qualitative information.
ESRS S1 – Own Workforce S1-1 – Policies related to own workforce
S1 Policies
S3 Targets
S1-2 – Processes for engaging with own workers and workers’ representatives about impacts
S1 Engaging with own workers and workers’ representatives about impacts
S1-3 – Processes to remediate negative impacts and channels for own workers to raise concerns
S1 Processes to remediate negative impacts and channels for the company’s own em- ployees to raise concerns ; G1 Mechanisms for identifying, reporting and investigating concerns
ESRS S4 – Consumers and end-users S4-1 – Policies related to consumers and end-users
S4 Policies
S4-2 – Processes for engaging with consumers and end-users about impacts
S4 Engaging with consumers and end-users about impacts
S1-4 – Taking action on material impacts on own workforce, and approaches to mitigating material risks and pursuing material opportunities related to own workforce, and effectiveness of those actions S1-5 – Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities
S1 Actions
S4-3 – Processes to remediate negative impacts and channels for consumers and end-users to raise concerns
S4 Processes to remediate negative impacts and channels for consumers and end-users to raise concerns ; G1 Mechanisms for identifying, reporting and investigating concerns S4 Actions ; S4 Processes to remediate negative impacts and channels for consumers and end-users to raise concerns
S1 Metsä Board’s 2030 sustainability targets ; S1 Reporting principles for metrics
S4-4 – Taking action on material impacts on consumers and end-users, and approaches to managing material risks and pursuing material opportunities related to consumers and end-users, and effectiveness of those actions S4-5 – Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities
S1-6 – Characteristics of the undertaking’s employees
S1 Employees by gender -table; S1 Employees by country -table;
S1 Employees by contract type, broken down by gender -table; S1 Employees by contract type, broken down by country -table; S1 Employee turnover and recruitment -table; S1 Reporting principles for metrics S1 Non-employee workers in company’s own workforce -table; S1 Reporting principles for metrics S1 Collective bargaining coverage and social dialogue -table; S1 Policies ; S1 Engaging with own workers and workers’ representatives about impacts
S4 Targets
ESRS G1 – Business Conduct G1-1– Business conduct policies and corporate culture
G1 Policies ; G1 The identification and assessment of material impacts, risks and opportunities ; G1 Mechanisms for identifying, reporting and investigating concerns
S1-7 – Characteristics of non-employee workers in the undertaking’s own workforce
S1-8 – Collective bargaining coverage and social dialogue
G1-2 – Management of relationships with suppliers
G1 Relationships with goods and service suppliers ; G1 Payment practices
G1-3 – Prevention and detection of corruption and bribery
G1 Prevention and detection of corruption and bribery ; G1 Mechanisms for identifying, reporting and investigating concerns
S1-9 – Diversity metrics
S1 Gender distribution in management -table S1 Age distribution of employees -table; S1 Reporting principles for metrics
G1-4 – Confirmed incidents of corruption or bribery
G1 Incidents of non-compliance with good governance or ethical corporate culture -table; G1 Mechanisms for identifying, reporting and investigating concerns
S1-10 – Adequate wages
S1 Policies
G1-5 – Political influence and lobbying activities
G1 Political influence and lobbying activities
S1-11 – Social protection
S1 Social protection -table; S1 Reporting principles for metrics
G1-6 – Payment practices
G1 Payment practices ; G1 Reporting principles for metrics
S1-12 – Persons with disabilities
Non-material. Most Metsä Board employees are production workers with specific limitations regarding disabilities. It was assessed that there is no need to discuss disa- bilities as separate part from other diversity matters in Metsä Board’s case.
196 Remuneration report 201 Investor relations and investor information
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Report of the Board of Directors | METSÄ BOARD ANNUAL REVIEW 2024
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