METSÄ BOARD Annual review 2024
Waste use and disposal, 1,000 t
On-site
Off-site
Total 2024
Total 2023
Financial effects The impacts, risks and opportunities concerning resource use and the circular economy identified in the material assessment are presented in the table on page 65, and the time horizons used in their assessment are described on page 27. The main known or reasonably expected economic impacts related to side streams concern emission rights and wood-based energy use, which are discussed under E1 – Climate change . Other potential additional costs are related to the increased utilisation of side streams, which, on the other hand, offers cost savings through reduced landfill management fees. When developing new concepts promoting efficient resource use and the circular economy, their economic impacts on the company’s business are continuously monitored through cost-benefit analyses and scenario analyses, combined with roadmaps using economic calculation methods. Proposed investments are assessed while considering strategic advan- tages and financial performance measures. A more detailed discussion of potential future products for the packaging market and carbon capture as opportunities related to resource use and the circular economy can be found under E1 – Climate change .
to waste management companies whose operations are subject to envi- ronmental permits for processing or disposal. The sustainability of waste management operators is ensured in supply agreements. The main process waste components are green liquor dregs generated in pulp production and ash, which is generated in energy production. As part of Metsä Group, Metsä Board is actively seeking industrial applications for green liquor dregs by conducting its own research and pilot projects, and participating in universities’ jointly funded research projects. Jointly with Soilfood, Metsä Board is studying the utilisation of fibre- based side streams from paperboard mills in animal bedding. Novel bedding fibres are a renewable alternative for peat, commonly used as animal farms. In addition, Metsä Group is running several projects dealing with the recovery and use of production side streams. In 2024, Metsä Group committed to the national circular economy green deal. The participants set targets up to 2035 and commit to actions that promote a low-carbon circular economy.
PROCESS WASTE (NON-HAZARDOUS) Material utilisation
8.1
65
73
59
Energy use
54
0.8
55
59
Business operations and value creation 2 This is Metsä Board 4 CEO’s review 6
Landfill
0.0
0.3
0.3
1.2
Total process waste
62
66
128
119
OTHER NON-HAZARDOUS WASTE Material utilisation
0.1
4.0
4.1
3.8
Energy use
0
1.4
1.4
0.3
Strategy and financial targets
Landfill
0
0.04
0.04
0.05
8
Value creation
Total other non-hazardous waste
0.1
5.4
5.5
4.1
HAZARDOUS WASTE Material utilisation
Financial development 10 Key figures 12
-
0.3
0.3
0.5
Energy use
-
0.2
0.2
0.01
Report of the Board of Directors
Incineration without energy recovery
-
0.07
0.07
0.8
Landfill
-
0.3
0.3
0.01
20 20 37 70 89 96
• Sustainability statement
Other disposal*
-
0.2
0.2
0.07
General information
Total hazardous waste**
-
1.1
1.1
1.4
E – Environment
S – Social responsibility
Total waste
62
73
135
125
G – Governance
Share of landfill waste of all waste, %
0
0.8
0.5
1.0
Annexes to the Sustainability statement
* Disposal and treatment of waste other than delivery to landfill. The amount also includes repackaging and pre-processing before disposal measures. ** Metsä Board’s operations do not generate radioactive waste.
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
Inflows of material and energy
Outflows of material and energy
Wood-based raw materials, 1,000 t
2024
2023
Products, 1,000 t
2024
2023
Wood
4,292
3,505
Pulp
619
555
Purchased pulp
345
373
BCTMP
504
441
disposal, which the company has operational control over, includ- ing material and energy recovery, landfill disposal and hazardous waste treatment. Waste transferred from the mill process to interim storage is not included in the disclosed waste volumes. Moisture is included in the waste volume. The volume of process waste delivered to landfills includes the volume of waste from production processes (in tonnes) delivered to landfills from all the production units. The 2030 sustainability target only applies to process waste. For example, it does not apply to waste generated in production units’ cafeterias, the volume of which is non-material compared with process waste. The volume of waste treated in the mills’ own waste treatment areas is collected from weighting reports. Information about the volume of waste treated by external service providers and the treatment method is obtained from service providers. The metrics have not been validated by an external party.
Reporting principles for metrics Resource inflows are disclosed in the original state of materials. Wood volumes are disclosed based on the information received from Metsä Group’s Wood Supply and Forest Services, and disclosures of other raw materials are based on the received tonnes of raw material. Inflows regarding packaging materials are based on internal reporting. The key assumptions made in resource inflow calculations are related to material conversion factors and the categorisation of materials into renewable materials and recycled materials. Some of the converted inflow amounts are based on assumptions if average conversion factors for a material or product have been used in the calculations. If a material cannot be categorised as renewable or recyclable, the assumption is that it is neither. The waste volumes include waste transferred directly from the mill process, waste from construction and demolition projects outside factory operations as well as interim storage to final
Recycled fibre
0
0
Paperboard
1,539
1,319
Other bioproducts (tall oil and turpentine)
18
17
The share of certified wood fibre is disclosed under G1 – Business conduct .
By-products, 1000 t
2024
2023
Other raw materials, 1,000 t
2024
2023
Fertilising and soil improvement (lime, ash, sandy bark)
14
12
Process chemicals
31
28
Coatings, binders and pigments
279
254
Industrial use (lime dust, ash, de-inking sludge)
18
13
Packaging material
25
21
Energy use (de-inking sludge, sandy bark)
0
0
Total
32
25
Share of renewable and recyclable raw materials and packaging materials, %
2024
2023
Renewable materials
94
93
Recycled materials
0.2
0.1
*Share of the total weight of materials used in the reporting period. Metsä Board uses recycled paperboard for the cores of paperboard reels.
196 Remuneration report 201 Investor relations and investor information
68
69
Report of the Board of Directors | METSÄ BOARD ANNUAL REVIEW 2024
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