Holmen AB

Common Name
Holmen
Country
Sweden
Sector
Basic Materials
Industry
Paper & Paper Products
Employees
3,500
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 2024, 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 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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b
0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Holmen’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Holmen’s data sources below and access millions more through our Disclosure Search.

a. Holmen's Annual Report 2024
a. Holmen's Annual Report 2024
b. Holmen's Annual Report 2023
b. Holmen's Annual Report 2023

Insights into Holmen's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Holmen amounted to 81,000 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 2023, the total operational greenhouse gas (GHG) emissions of Holmen decreased by 36.22%, 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

201920202021202220232024025 k50 k75 k100 ktCO2e-12%+23%-40%-7%+13%
  • Total Scope 1
  • Year-over-Year Change

What are Holmen's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Holmen were 61,000 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 32.22%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Holmen's Scope 1 emissions increased by 12.96%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Holmen's Scope 2 emissions?

In 2024, Holmen reported Scope 2 greenhouse gas (GHG) emissions of 1,000 tCO₂e using the market-based method and 20,000 tCO₂e using the location-based method. a

Has Holmen reduced its Scope 2 emissions over time?

Since 2019, Holmen's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 52.38%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2023), Holmen's Scope 2 emissions (Location-Based) fell by 72.6% in 2024, 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 2024, Holmen reported its Scope 2 emissions using the market-based method and using the location-based method. a

Holmen's Scope 2 Emissions Over Time

201920202021202220232024020 k40 k60 k80 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Holmen's Value Chain Emissions

In 2024, Holmen reported 708,000 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 2024 disclosure of Holmen includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Holmen's Scope 3 Emissions Over Time

2019202020212022202320240200 k400 k600 k800 ktCO2e+2%+20%+10%+1%+16%
  • Total Scope 3
  • Year-over-Year Change

What are Holmen's Scope 3 emissions?

In 2024, Holmen reported total Scope 3 emissions of 708,000 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 56.29%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2023), Holmen's Scope 3 emissions increased by 16.26%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Holmen disclose?

In 2024, Holmen reported emissions for 7 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 2024, the largest contributors to Holmen's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 227,000 tCO₂e (32.06%)
  • Downstream Transportation and Distribution (Cat. 9): 197,000 tCO₂e (27.82%)
  • Capital Goods (Cat. 2): 150,000 tCO₂e (21.19%)

Holmen's Scope 3 Emissions by Categories

DownstreamTransportation andDistribution(Cat. 9)(27.8%)Purchased Goods andServices (Cat. 1)(32.1%)Capital Goods(Cat. 2)(21.2%)

Insights into Holmen’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Holmen reported Scope 1 greenhouse gas (GHG) emissions of 61,000 tCO₂e and total revenues of USD 2,065 millions. This translates into an emissions intensity of 29.54 tCO₂e per millions USD. a

Holmen's Scope 1 Emissions Intensity Compared to Peers

2,00020,000500,00010,000,000100,000,000Scope 1 Emissions (tCO2e)502,000100,0005,000,000200,000,000Revenues (Millions of USD)IDPUPM-KymmeneYear: 2024Scope 1: 2,180,000 tCO2eRevenue: $M 10,759Scope 1 Intensity: 202.62 tCO2e/$MCheng LoongYear: 2023Scope 1: 1,685,978 tCO2eRevenue: $M 1,374Scope 1 Intensity: 1,226.61 tCO2e/$MKlabinYear: 2023Scope 1: 720,824 tCO2eRevenue: $M 3,716Scope 1 Intensity: 193.97 tCO2e/$MIndah Kiat Pulp & PaperYear: 2024Scope 1: 11,475,287 tCO2eRevenue: $M 52,518,476Scope 1 Intensity: 0.22 tCO2e/$MMercer InternationalYear: 2023Scope 1: 424,023 tCO2eRevenue: $M 1,994Scope 1 Intensity: 212.67 tCO2e/$MSvenska Cellulosa AktiebolagetYear: 2024Scope 1: 279,200 tCO2eRevenue: $M 1,836Scope 1 Intensity: 152.08 tCO2e/$MOji HoldingsYear: 2024Scope 1: 5,791,000 tCO2eRevenue: $M 11,201Scope 1 Intensity: 517.01 tCO2e/$MChung Hwa PulpYear: 2023Scope 1: 754,800 tCO2eRevenue: $M 683Scope 1 Intensity: 1,104.96 tCO2e/$MYFYYear: 2024Scope 1: 4,720,569 tCO2eRevenue: $M 2,394Scope 1 Intensity: 1,972.18 tCO2e/$MIIIberpapel GestionYear: 2024Scope 1: 150,574 tCO2eRevenue: $M 248Scope 1 Intensity: 607.49 tCO2e/$MNine Dragons Paper (Holdings)Year: 2024Scope 1: 16,228,463 tCO2eRevenue: $M 8,932Scope 1 Intensity: 1,816.89 tCO2e/$MNavigatorYear: 2023Scope 1: 509,494 tCO2eRevenue: $M 2,162Scope 1 Intensity: 235.67 tCO2e/$MDDDaio PaperYear: 2023Scope 1: 3,153,000 tCO2eRevenue: $M 4,851Scope 1 Intensity: 649.91 tCO2e/$MCPH GroupYear: 2024Scope 1: 13,542 tCO2eRevenue: $M 495Scope 1 Intensity: 27.38 tCO2e/$MPPPabrik Kertas Tjiwi KimiaYear: 2023Scope 1: 1,895,015 tCO2eRevenue: $M 1,074Scope 1 Intensity: 1,764.72 tCO2e/$MSappiYear: 2023Scope 1: 3,474,000 tCO2eRevenue: $M 5,809Scope 1 Intensity: 598.04 tCO2e/$MSuzanoYear: 2024Scope 1: 2,533,617 tCO2eRevenue: $M 7,673Scope 1 Intensity: 330.20 tCO2e/$MChenming PaperYear: 2023Scope 1: 21,631,434 tCO2eRevenue: $M 3,744Scope 1 Intensity: 5,777.63 tCO2e/$MBillerudYear: 2023Scope 1: 778,627 tCO2eRevenue: $M 4,086Scope 1 Intensity: 190.55 tCO2e/$MShanying International HoldingsYear: 2024Scope 1: 3,760,981 tCO2eRevenue: $M 4,005Scope 1 Intensity: 939.06 tCO2e/$MLee & Man Paper ManufacturingYear: 2024Scope 1: 5,781,277 tCO2eRevenue: $M 3,347Scope 1 Intensity: 1,727.17 tCO2e/$MStora EnsoYear: 2024Scope 1: 1,170,000 tCO2eRevenue: $M 9,417Scope 1 Intensity: 124.25 tCO2e/$MAditya Birla Real EstateYear: 2025Scope 1: 925,173 tCO2eRevenue: $M 141Scope 1 Intensity: 6,568.85 tCO2e/$MHolmenYear: 2024Scope 1: 61,000 tCO2eRevenue: $M 2,065Scope 1 Intensity: 29.54 tCO2e/$M

How does Holmen's GHG emissions intensity compare to its peers?

In 2024, Holmen reported a Scope 1 emissions intensity of 29.54 tCO₂e per millions USD. Compared to the peer group median of 598.04 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Holmen rank on GHG emissions intensity within its industry?

In 2024, Holmen ranked 3 out of 23 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

Insights into Holmen's Total Carbon Footprint

In 2024, Holmen reported a total carbon footprint of 789,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.2% increase compared to 2023, 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 89.73% of the company's total carbon footprint, followed by Scope 1 emissions at 7.73%. a

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