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Huhtamaki Oyj

Common Name
Huhtamaki
Country
Finland
Sector
Consumer Cyclical
Industry
Packaging & Containers
Employees
17,540
Ticker
HUH1V
Exchange
NASDAQ HELSINKI LTD
Description
Huhtamaki Oyj is a prominent global manufacturer specializing in sustainable packaging solutions. The company's primary function is to provide innovative packaging options for consumer goods, with a f...

Huhtamaki's GHG Emissions Data Preview

In 2024, Huhtamaki 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).

Huhtamaki has also provided a category-level breakdown for 9 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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0000000
Total Scope 2
Market-Based
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b
0000000
Location-Based
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b
0000000
Total Scope 3
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b
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Huhtamaki’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 Huhtamaki’s data sources below and access millions more through our Disclosure Search.

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

Insights into Huhtamaki's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofHuhtamaki amounted to673,376metric 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 Huhtamakidecreased by 0.09%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab

Huhtamaki's Scope 1 Emissions Over Time

201920202021202220232024060 k120 k180 k240 ktCO2e-2%+2%+5%-7%+1%
  • Total Scope 1
  • Year-over-Year Change

What are Huhtamaki's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Huhtamaki were 218,431 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Huhtamaki reduced its Scope 1 emissions over time?

Since 2019, Huhtamaki's Scope 1 emissions have remained relatively, stable, indicating that Huhtamaki's emissions have plateaued with no significant change in its operational footprint.ab

Compared to the previous year(2023), Huhtamaki's Scope 1 emissions increased by 1.13%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab

What are Huhtamaki's Scope 2 emissions?

In 2024, Huhtamaki reported Scope 2 greenhouse gas (GHG) emissions of 243,106 tCOâ‚‚e using the market-based method and 454,945 tCOâ‚‚e using the location-based method.a

Has Huhtamaki reduced its Scope 2 emissions over time?

Since 2019, Huhtamaki's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 11.14%, reflecting a declining long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), Huhtamaki's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Huhtamaki's emissions have plateaued with no significant change in its energy consumption footprint.ab

What methodology does Huhtamaki use for Scope 2 reporting?

In 2024, Huhtamaki reported its Scope 2 emissions using the market-based method and using the location-based method.a

Huhtamaki's Scope 2 Emissions Over Time

2019202020212022202320240150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Huhtamaki's Value Chain Emissions

In 2024, Huhtamaki reported 3,134,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Huhtamaki includes a breakdown across 9of 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

Huhtamaki's Scope 3 Emissions Over Time

2019202020212022202320240900 k1.8 M2.7 M3.6 MtCO2e-5%+4%+3%-11%+2%
  • Total Scope 3
  • Year-over-Year Change

What are Huhtamaki's Scope 3 emissions?

In 2024, Huhtamaki reported total Scope 3 emissions of 3,134,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 69.97%of these emissions originated from upstream activities such as purchased goods and capital goods, while 30.03%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Huhtamaki reduced its Scope 3 emissions over time?

Since 2019, Huhtamaki's Scope 3 emissionshave remained relatively stable, indicating that Huhtamaki's emissions have plateaued with no significant change in its value chain footprint.ab

Compared to the previous year (2023), Huhtamaki's Scope 3 emissions remained relatively stable, indicating that Huhtamaki's emissions have plateaued with no significant change in its value chain footprint.ab

What categories of Scope 3 emissions does Huhtamaki disclose?

In 2024, Huhtamaki reported emissions for 9 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 Huhtamaki's Scope 3 emissions?

In 2024, the largest contributors to Huhtamaki's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 1,801,000 tCOâ‚‚e(57.47%)
  • End-of-Life Treatment of Sold Products (Cat. 12): 941,000 tCOâ‚‚e(30.03%)
  • Fuel- and Energy-Related Services (Cat. 3): 153,000 tCOâ‚‚e(4.88%)

Huhtamaki's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(4.9%)Purchased Goods andServices (Cat. 1)(57.5%)End-of-LifeTreatment of SoldProducts (Cat. 12)(30.0%)

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

In 2024, Huhtamaki reported Scope 1 greenhouse gas (GHG) emissions of 218,431 tCOâ‚‚e and total revenues of USD 4,294 millions. This translates into an emissions intensity of 50.87 tCOâ‚‚e per millions USD.a

Huhtamaki's Scope 1 Emissions Intensity Compared to Peers

2005,00050,0001,000,00020,000,000Scope 1 Emissions (tCO2e)502001,0005,00050,000Revenues (Millions of USD)RCMOroraYear: 2025Scope 1: 1,257,000 tCO2eRevenue: $M 1,376Scope 1 Intensity: 913.55 tCO2e/$MRRRengoYear: 2024Scope 1: 535,000 tCO2eRevenue: $M 5,948Scope 1 Intensity: 89.94 tCO2e/$MMayr-Melnhof KartonYear: 2024Scope 1: 880,116 tCO2eRevenue: $M 4,245Scope 1 Intensity: 207.31 tCO2e/$MSCG PackagingYear: 2024Scope 1: 3,478,086 tCO2eRevenue: $M 3,867Scope 1 Intensity: 899.36 tCO2e/$MVidralaYear: 2024Scope 1: 919,171 tCO2eRevenue: $M 1,656Scope 1 Intensity: 555.12 tCO2e/$MGreifYear: 2024Scope 1: 625,000 tCO2eRevenue: $M 4,355Scope 1 Intensity: 143.52 tCO2e/$MElopakYear: 2024Scope 1: 4,379 tCO2eRevenue: $M 14,259Scope 1 Intensity: 0.31 tCO2e/$MCCCabkaYear: 2024Scope 1: 3,914 tCO2eRevenue: $M 189Scope 1 Intensity: 20.68 tCO2e/$MToyo Seikan Group HoldingsYear: 2024Scope 1: 374,000 tCO2eRevenue: $M 6,277Scope 1 Intensity: 59.58 tCO2e/$MMetsa BoardYear: 2024Scope 1: 192,098 tCO2eRevenue: $M 2,017Scope 1 Intensity: 95.22 tCO2e/$MVetropack HoldingYear: 2024Scope 1: 528,721 tCO2eRevenue: $M 930Scope 1 Intensity: 568.55 tCO2e/$MCascadesYear: 2024Scope 1: 564,458 tCO2eRevenue: $M 3,268Scope 1 Intensity: 172.72 tCO2e/$MShanghai Xintonglian PackingYear: 2024Scope 1: 1,370 tCO2eRevenue: $M 120Scope 1 Intensity: 11.41 tCO2e/$MHexagon CompositesYear: 2024Scope 1: 2,637 tCO2eRevenue: $M 428Scope 1 Intensity: 6.16 tCO2e/$MAvery DennisonYear: 2024Scope 1: 238,000 tCO2eRevenue: $M 8,756Scope 1 Intensity: 27.18 tCO2e/$MPackaging Corp of AmericaYear: 2024Scope 1: 2,000,000 tCO2eRevenue: $M 8,383Scope 1 Intensity: 238.57 tCO2e/$MSIG GroupYear: 2024Scope 1: 20,100 tCO2eRevenue: $M 3,270Scope 1 Intensity: 6.15 tCO2e/$MMMMacfarlane GroupYear: 2024Scope 1: 4,535 tCO2eRevenue: $M 339Scope 1 Intensity: 13.36 tCO2e/$MZignago VetroYear: 2024Scope 1: 228,537 tCO2eRevenue: $M 473Scope 1 Intensity: 483.19 tCO2e/$MVeralliaYear: 2024Scope 1: 2,166,000 tCO2eRevenue: $M 3,596Scope 1 Intensity: 602.26 tCO2e/$MSealed AirYear: 2024Scope 1: 158,005 tCO2eRevenue: $M 5,393Scope 1 Intensity: 29.30 tCO2e/$MFuji Seal InternationalYear: 2024Scope 1: 47,501 tCO2eRevenue: $M 1,298Scope 1 Intensity: 36.59 tCO2e/$MArdagh Metal PackagingYear: 2024Scope 1: 157,506 tCO2eRevenue: $M 4,908Scope 1 Intensity: 32.09 tCO2e/$MHuhtamakiYear: 2024Scope 1: 218,431 tCO2eRevenue: $M 4,294Scope 1 Intensity: 50.87 tCO2e/$M

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

In 2024, Huhtamaki reported a Scope 1 emissions intensity of 50.87 tCOâ‚‚e per millions USD. Compared to the peer group median of 89.94, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

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

In 2024, Huhtamaki ranked 11 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

Huhtamaki is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Huhtamaki's Total Carbon Footprint

In 2024, Huhtamaki reported a total carbon footprint of 3,807,376 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.88% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab

The largest contributor to Huhtamaki's total carbon footprint was Scope 3 emissions, accounting for 82.31% of the company's total carbon footprint, followed by Scope 2 emissions at 11.95%.a

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