Metsä Board Oyj B is the class B share of Metsä Board Oyj, a leading European producer of premium lightweight fresh fibre paperboards. The company specializes in manufacturing folding boxboards, food ... Metsä Board Oyj B is the class B share of Metsä Board Oyj, a leading European producer of premium lightweight fresh fibre paperboards. The company specializes in manufacturing folding boxboards, food service boards, white kraftliners, pulp, boxboard, and linerboard, primarily using timber from its fiber mills. These products serve packaging needs in foodservice, consumer goods, cosmetics, pharmaceuticals, and branded goods sectors, with customers including boxboard printers, carton manufacturers, and wholesalers. Metsä Board operates seven production units across Europe, generating the majority of its €1.9 billion in 2024 sales from the region, while also serving markets in the UK, Norway, Canada, Asia, and Turkey. Employing around 2,300 personnel, it emphasizes sustainability with 89% fossil-free energy in production. As part of the Metsä Group, Metsä Board Oyj B, with over 322 million shares outstanding, plays a key role in the materials and packaging industry, supporting sustainable packaging solutions globally.
In 2024, 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.
Metsa Board has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Metsa Board are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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Total Taxonomy Eligible A Turnover
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Total Taxonomy Non-Eligible B Turnover
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Total Taxonomy Eligible A Opex
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Total Taxonomy Non-Eligible B Opex
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4.24 CCM/CCA - Production of heat/cool from bioenergy
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Total Taxonomy Aligned A1 Capex
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Total Taxonomy Eligible A Capex
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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 (A1, A2, A, B, and A+B), 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
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 Metsa Board’s data sources below and access millions more through our Disclosure Search.
a. Metsa Board's Annual Review 2024
b. Metsa Board's Annual Report 2023
c. Metsa Board's Annual Report 2022
Insights into Metsa Board's Revenues from Sustainable Activities
In 2024, Metsa Board reported EU Taxonomy-eligible revenues of EUR 3.40 million, representing 0% of its total turnover. Of this amount, EUR 2.70 million 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
Metsa Board's Contribution to Environmental Objectives
How is Metsa Board's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Metsa Board reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Metsa Board earn from selling climate-related solutions ?
In 2024, Metsa Board reported that EUR 0 of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 0% of the company's total revenue,indicating that Metsa Boardhas limited exposureon solutions that support climate action through its commercial activities.a
Insights into Metsa Board's CAPEX from Sustainable Activities
In 2024, Metsa Board reported EU Taxonomy-eligible CAPEX of EUR 15.70 million,representing 9% of its total CAPEX. Of this amount, EUR 11.40 million of Metsa Board's CAPEX was classified as EU Taxonomy-aligned, indicating that 7% 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 Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 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 82.05%,indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.a, c
Compared to the previous year (2023), Metsa Board's taxonomy-aligned CAPEX decreased by 30%,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
How much of Metsa Board's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Metsa Board reported that EUR 15.70 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 9% of the company's total CAPEX. Of this amount, EUR 11.40 million (7% of total CAPEX) was classified as Taxonomy-aligned. This means that 2% of Metsa Board's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Metsa Board's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Metsa Board reported that EUR 11.40 million of its CAPEX was aligned under the EU Taxonomy, representing 7% of its total capital investment.a
This low alignment reflects that Metsa Board is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Metsa Board's Eligibility & Alignment Overview
Metsa Board's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Metsa Board's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Metsa Board reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 7%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Metsa Board is investing in climate-related solutions?
In 2024, Metsa Board allocated EUR 12.28 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 7% of the company's total capital expenditure,indicating that Metsa Boardhas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into Metsa Board's OPEX from Sustainable Activities
In 2024, Metsa Board reported EU Taxonomy-eligible OPEX of EUR 11.80 million,representing 9% of its total operating expenses (OPEX). Of this amount, EUR 8.60 million of Metsa Board's OPEX was classified as EU Taxonomy-aligned, indicating that 6% 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 Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Metsa Board's increased its spending in sustainable activities over time?
Since 2022, Metsa Board's taxonomy-aligned operating expenditure (OPEX)increased by 50%,pointing to a long-term trend of increased spending on environmentally sustainable operations and services recognized under the EU Taxonomy.a, c
Compared to the previous year (2023), Metsa Board's taxonomy-aligned OPEX increased by 50%,highlighting Metsa Board's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of Metsa Board's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Metsa Board reported that EUR 11.80 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 9% of the company's total OPEX. Of this amount, EUR 8.60 million (6% of total OPEX) was classified as Taxonomy-aligned. This means that 2% of Metsa Board's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Metsa Board's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Metsa Board reported that EUR 8.60 million of its OPEX was aligned under the EU Taxonomy, representing 6% of its total operational expenditure.a
This low alignment reflects limited operational focus on green activities, suggesting that sustainability considerations have yet to be fully integrated into core operating processes.
Metsa Board's Eligibility & Alignment Overview
Metsa Board's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Metsa Board's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Metsa Board reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 6%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Metsa Board's operational budget supports climate-related solutions?
In 2024, Metsa Board allocated EUR 8.17 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 6% of the company's total OPEX,indicating that Metsa Boardhas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.a
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