Holmen AB

Common Name
Holmen
Country
Sweden
Sector
Basic Materials
Industry
Paper & Paper Products
Employees
3,413
Ticker
HOLM B
Exchange
NASDAQ STOCKHOLM AB
Description
Holmen AB (publ) engages in the forest, paperboard, paper, wood products, and renewable energy businesses in Sweden and internationally. It operates through Forest, Renewable Energy, Wood Products, an...

Holmen's GHG Emissions Data Preview

In 2023, Holmen completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Holmen has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Verified Sources Behind Holmen’s Greenhouse Gas (GHG) Emissions Data

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a. Holmen's Annual Report 2023
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Insights into Holmen's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Holmen amounted to 66 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Holmen decreased by 24.14%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Holmen's Scope 1 Emissions Over Time

201920202021202220230255075100tCO2e-8%+23%-40%-7%
  • Total Scope 1
  • Year-over-Year Change

What are Holmen's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Holmen were 54 metric tons of CO₂ equivalent (tCO₂e). a

Has Holmen reduced its Scope 1 emissions over time?

Since 2019, Holmen's Scope 1 emissions have decreased by 37.21%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Holmen's Scope 1 emissions decreased by 6.9%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Holmen's Scope 2 emissions?

In 2023, Holmen reported Scope 2 greenhouse gas (GHG) emissions of 12 tCO₂e using the market-based method. a

Has Holmen reduced its Scope 2 emissions over time?

Since 2019, Holmen's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 73.91%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Holmen's Scope 2 emissions (Market-Based) fell by 58.62% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Holmen use for Scope 2 reporting?

In 2023, Holmen reported its Scope 2 emissions using the market-based method. a

Holmen's Scope 2 Emissions Over Time

20192020202120222023015304560tCO2e
  • Total Scope 2 Market-Based

Insights into Holmen's Value Chain Emissions

In 2023, Holmen reported 609 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Holmen includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Holmen's Scope 3 Emissions Over Time

201920202021202220230200400600800tCO2e+2%+20%+10%+1%
  • Total Scope 3
  • Year-over-Year Change

What are Holmen's Scope 3 emissions?

In 2023, Holmen reported total Scope 3 emissions of 609 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Holmen reduced its Scope 3 emissions over time?

Since 2019, Holmen's Scope 3 emissions have increased by 34.44%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Holmen's Scope 3 emissions remained relatively stable, indicating that Holmen 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Holmen disclose?

In 2023, Holmen reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Holmen's Scope 3 emissions?

In 2023, the largest contributors to Holmen's Scope 3 emissions were: a

  • Downstream Transportation and Distribution (Cat. 9): 199 tCO₂e (32.89%)
  • Purchased Goods and Services (Cat. 1): 196 tCO₂e (32.4%)
  • Capital Goods (Cat. 2): 116 tCO₂e (19.17%)

Holmen's Scope 3 Emissions by Categories

DownstreamTransportation andDistribution(Cat. 9)(32.9%)Capital Goods(Cat. 2)(19.2%)Purchased Goods andServices (Cat. 1)(32.4%)

Insights into Holmen's Total Carbon Footprint

In 2023, Holmen reported a total carbon footprint of 675 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.32% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Holmen's total carbon footprint was Scope 3 emissions, accounting for 90.22% of the company's total carbon footprint, followed by Scope 1 emissions at 8%. a

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