Metsä Board Oyj B is the Class B share of a leading European producer of premium lightweight fresh fibre paperboards. The company specializes in folding boxboards, food service boards, white kraftline... Metsä Board Oyj B is the Class B share of a leading European producer of premium lightweight fresh fibre paperboards. The company specializes in folding boxboards, food service boards, white kraftliners, and market pulp, primarily used in packaging for foodservice, consumer goods, cosmetics, pharmaceuticals, and retail industries. Its customers include boxboard printers, carton manufacturers, brand owners, packaging converters, and wholesalers. Metsä Board Oyj B operates seven production units in Finland—such as in Kyro, Simpele, Äänekoski, Kemi, Joutseno, and Kaskinen—and one in Sweden at Husum, sourcing renewable timber from fiber mills. As part of the Metsä Group, one of the world's largest forest industry groups, it emphasizes sustainability with 89% fossil-free energy in production and innovations like a competence center in Äänekoski for cardboard and packaging development. Headquartered in Espoo, Finland, and employing around 2,300 people, it generates the majority of its revenue in Europe while serving global markets including the UK, Norway, Canada, Asia, and Turkey. Formerly M-real Corporation since 2012, it plays a key role in the sustainable packaging sector of the consumer cyclical industry.
In 2025, Metsa Board was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Metric
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Turnover
0000000
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b
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c
0000000
Total Taxonomy Eligible Turnover
0000000
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b
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c
0000000
Metric
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Opex
0000000
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b
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c
0000000
Total Taxonomy Eligible Opex
0000000
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b
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c
0000000
4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy
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b
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c
0000000
4.24 CCM/CCA - Production of heat/cool from bioenergy
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b
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0000000
Metric
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Capex
0000000
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b
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c
0000000
Total Taxonomy Eligible Capex
0000000
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b
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c
0000000
4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy
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Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
Limited Data Preview
You are viewing a limited preview of Metsa Board’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Metsa Board’s EU Taxonomy Data
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a. Metsa Board's Annual Review 2025
b. Metsa Board's Annual Review 2024
c. Metsa Board's Annual Report 2023
d. Metsa Board's Annual Report 2022
Insights into Metsa Board's Revenues from Sustainable Activities
In 2025, Metsa Board reported EU Taxonomy-eligible revenues of EUR 0, representing 0% of its total turnover. Of this amount, EUR 0 of Metsa Board's revenues was classified as EU Taxonomy-aligned, indicating that 0% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Insights into Metsa Board's CAPEX from Sustainable Activities
In 2025, Metsa Board reported EU Taxonomy-eligible CAPEX of EUR 0,representing 0% of its total CAPEX. Of this amount, EUR 0 of Metsa Board's CAPEX was classified as EU Taxonomy-aligned, indicating that 0% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Metsa Board's Taxonomy-Eligible Capex Over Time
Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex
Have Metsa Board's increased its investment in sustainable activities over time?
Since 2022, Metsa Board's taxonomy-aligned capital expenditure (CAPEX)decreased by 100%,indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.a, d
Compared to the previous year (2024), Metsa Board's taxonomy-aligned CAPEX decreased by 100%,suggesting that Metsa Board may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.a, b
Insights into Metsa Board's OPEX from Sustainable Activities
In 2025, Metsa Board reported EU Taxonomy-eligible OPEX of EUR 0,representing 0% of its total operating expenses (OPEX). Of this amount, EUR 0 of Metsa Board's OPEX was classified as EU Taxonomy-aligned, indicating that 0% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Metsa Board's Taxonomy-Eligible Opex Over Time
Total Taxonomy Eligible Opex
Total Taxonomy Aligned Opex
Have Metsa Board's increased its spending in sustainable activities over time?
Since 2022, Metsa Board's taxonomy-aligned operating expenditure (OPEX)decreased by 100%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.a, d
Compared to the previous year (2024), Metsa Board's taxonomy-aligned OPEX decreased by 100%, suggesting that Metsa Board may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.a, b
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