Value creation

We create value and well-being, with respect for nature

We help our customers achieve their sustainability targets with our packaging paperboards and our expert services that support the circular economy. We are continuously looking for opportunities to grow profitably and sustainably, and to generate value for our stakeholders with our operations.

Resources

People and partnerships

• 2,400 employees in 18 countries • 62 apprentices • Active cooperation with local communities and educational institutions

Production and supply chain

• More than 3,700 suppliers • 8 production units in Finland and Sweden • Deliveries to approximately 100 countries • An efficient and global supply chain • R&D expenditure EUR 6 million • An Excellence Centre in Äänekoski, Finland, and a satellite centre in Norwalk, the United States

Natural resources

• 8.3 million m3 of sourced wood of which 83% is certified • 315,000 dry tonnes of purchased pigments, adhesives and other raw materials • Total energy consumption 11.9. TwH of which 85% is fossil free • Water intake 115 million m3

Economic capital

• Capital invested EUR 2.3 billion • 55,000 shareholders in B series and 9,000 in A series We focus on sustainable fresh fibre paperboards and innovative packaging solutions that support the circular economy. We are part of Metsä Group, and benefit from its unique value chain, from pure northern fibre to premium end products. Our holding in our associated company Metsä Fibre ensures our self-sufficiency in pulp.

Business model

OUR SALES IN 2021

EUR 2,084 million

FOLDING BOXBOARD 57% (of sales)

WHITE KRAFTLINERS 25% (of sales)

MARKET PULP

13% (of sales)

OTHER

5% (of sales)

Outputs

Sustainable products and services

• 1.9 million tonnes of premium fresh fibre paperboards • 1.4 million tonnes of pulp and high-yield pulp • 5 service entities that generate benefits throughout the packaging value chain (360 Services)

Emissions and side streams

• Fossil-based CO2 emission 429,000 tonnes (Scope 1 and 2, market-based) • 99% of the used water is returned to the waterbodies after treatment • More than 99% of production side streams are used as materials or energy

Read more on pp. 48–49

Impacts

Customers

• Recyclable and sustainably produced products with a smaller carbon footprint • Innovative and material-efficient packaging solutions that help reduce the use of plastic • Customer satisfaction NPS (Net Promoter Score) 40

Suppliers

• EUR 1.5 billion purchases from suppliers • 98% of suppliers are committed to the Supplier Code of

Conduct

Personnel

• EUR 216 million paid to employees as wages and benefits • 99% of the personnel have completed the Code of Conduct training

Shareholders

• A sustainable investment; several recognitions from ESG evaluations conducted by third parties • EUR 146 million distributed to shareholders as dividends • 18.7% comparable return on capital employed

Common value creation

• EUR 32 million paid income and property taxes • Total investments EUR 220 million • Aiming for 100% fossil free future, science-based targets

Further information on taxes on p. 158