In 2025, 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 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2025 | 2024 | 2023 | 2022-2019 |
|---|---|---|---|---|
Total Scope 1 | 87,000a | 61,000a | 54,000b | |
Total Scope 2 | ||||
Market-Based | 480a | 460a | 12,000b | |
Location-Based | 23,000a | 20,000a | 73,000b | |
Total Scope 3 | 635,000a | 594,000a | 609,000b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 36.2813a | 29.5364a | 23.8993b |
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In 2025, the total operational greenhouse gas (GHG) emissions of Holmen amounted to 110,000 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 2024, the total operational greenhouse gas (GHG) emissions of Holmen increased by 35.8%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2025, the total Scope 1 emissions of Holmen were 87,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Holmen's Scope 1 emissions have decreased by 3.33%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2024), Holmen's Scope 1 emissions increased by 42.62%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2025, Holmen reported Scope 2 greenhouse gas (GHG) emissions of 480 tCO₂e using the market-based method and 23,000 tCO₂e using the location-based method.a
Since 2019, Holmen's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 45.24%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2024), Holmen's Scope 2 emissions (Location-Based) rose by 15% in 2025, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2025, Holmen reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2025, Holmen reported 635,000 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 2025 disclosure of Holmen includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 7 in 2024, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2025, Holmen reported total Scope 3 emissions of 635,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 98.11% of these emissions originated from upstream activities such as purchased goods and capital goods, while 1.89% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Holmen's Scope 3 emissions have increased by 45.31%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2024), 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
In 2025, Holmen reported emissions for 8 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.
In 2025, the largest contributors to Holmen's Scope 3 emissions were:a
In 2025, Holmen reported Scope 1 greenhouse gas (GHG) emissions of 87,000 tCO₂e and total revenues of USD 2,398 millions. This translates into an emissions intensity of 36.28 tCO₂e per millions USD.a
In 2025, Holmen reported a Scope 1 emissions intensity of 36.28 tCO₂e per millions USD. Compared to the peer group median of 517.01, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2025, Holmen ranked 2 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Holmen among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2025, Holmen reported a total carbon footprint of 745,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.37% increase compared to 2024, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Holmen's total carbon footprint was Scope 3 emissions, accounting for 85.23% of the company's total carbon footprint, followed by Scope 1 emissions at 11.68%.a