“Unlocking the Potential” is the main theme of BillerudKorsnäs’ Capital Markets Webcast on 17 September 2018. During the webcast, BillerudKorsnäs will provide a strategy update including more insights into the Next Generation and Production Excellence programmes. The group’s long-term financial targets remain unchanged. In addition, new KPIs to measure the group’s progress over the next years will be presented.

BillerudKorsnäs estimates that global demand for sustainable packaging solutions will remain strong, with a growth rate in the packaging market of approximately 3% CAGR. Following a long period of large investments, driven principally by the new KM7 board machine, BillerudKorsnäs is ready to unlock its potential and strengthen its leading position.

billkorlogoNext Generation is close to completion and entails the construction of KM7 and renovations to the existing pulp mills. As well as adding new capacity, this will also contribute to more focused production facilities. The total investment for KM7 is expected to amount to SEK 7.6 billion, which is higher than the previous estimate due to increased costs for the civil and construction project as well as negative currency effects. The machine will be started in March-April 2019 and is expected to produce ~240 ktonnes in 2019 and 390 ktonnes in 2020. The group’s total capital expenditure is expected to amount to SEK 5.3 billion in 2018 and SEK 2.75 billion in 2019, and will level out at SEK 1.3 billion in 2020.

BillerudKorsnäs will continue to pursue its strategy for sustainable solutions and profitable growth, with focus on position, innovation, sustainability and effectiveness. To unlock its full potential over the next years, the group will follow an agenda of prioritised activities aimed at securing the successful ramp-up of KM7, safeguarding the wood supply, stabilising production, enhancing effectiveness, and accelerating innovation and solutions. BillerudKorsnäs has identified certain KPIs to monitor the progress of this work.

“Sustainable packaging has a bright future and BillerudKorsnäs is in a position to increase the pace of challenging the conventional with new solutions. I look forward to presenting our priorities for the next few years, with an agenda that reflects our strong potential”, says Petra Einarsson, BillerudKorsnäs President and CEO.

Unchanged long-term financial targets
BillerudKorsnäs will continue to pursue the following long-term financial targets:

- Organic growth of 3-4% per year
- The EBITDA margin should exceed 17%
- Return on capital employed should exceed 13%
- Interest-bearing net debt in relation to EBITDA should be below 2.5
- The dividend should amount to 50% of net profit

For the new divisions, average annual growth (CAGR 2017-2023) is expected to amount to 0-2% for Paper, 4-5% for Board, and 15-25% for Solutions.

KM7 financial impact

- Expected total impact on EBITDA from KM7 ramp-up:

  • 2019 SEK -500 million
  • 2020 SEK -200 million
  • 2021 EBITDA positive

KPIs
BillerudKorsnäs has set the following KPIs to simplify measurement of the group’s progress over the next years:

- An improvement of 4 percentage points in overall equipment efficiency (OEE) over the next 2 years, equivalent to an EBITDA improvement of SEK 100 million for each percentage point
- A reduction in lost time injury frequency rate (LTIFR) from 7.7 in 2017 to less than 1.5 in 2023
- An increase in new product ratio (NPR) from 7% in 2017 to 15% in 2023

Market outlook Q3
In the Capital Markets Webcast, BillerudKorsnäs will also provide an update on the market outlook for the third quarter of 2018:

- Demand and order situation are expected to continue to be strong, with normal seasonal variations for all business areas
- Possibilities of selected sales price increases remain
- Demand-driven wood cost increases are expected to continue
- The financial impact on Q3 2018 from the wood shortage is estimated to be SEK -40 million

Participation details
BillerudKorsnäs will present its view of the potential and targets for the next years during the Capital Markets Webcast on 17 September 2018 between 10.00-12.00 CEST. A link to the webcast is provided at https://www.billerudkorsnas.com/CMD2018. To participate by phone and in the Q&A session, please use the following dial-ins:

Sweden: +46 8 566 42 651
UK: +44 3333 000 804
US: +1 631 9131 422

PIN: 49760855#

Additional Info

  • About

    BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging in order to create a more sustainable future. We are a world-leading provider of primary fibre-based packaging materials, supplying these to customers in more than 100 countries. The company has eight production plants in Sweden, Finland and the UK and employs around 4,400 people in more than 13 countries. BillerudKorsnäs has sales of approximately SEK 22 billion and its shares are listed on Nasdaq Stockholm. www.billerudkorsnas.se.

Published in financial News

BillerudKorsnäs leads the containers and packaging industry in Dow Jones Sustainability Indices (DJSI) based on its total sustainability score in 2018.

The Dow Jones Sustainability Indices (DJSI) and RobecoSAM Corporate Sustainability Assessment (CSA) is an annual evaluation of companies’ sustainability practices. Each year over 3 400 listed companies around the world are analyzed, the top 10 percent are included in the Dow Jones Sustainability World Index. This year BillerudKorsnäs is the industry leader in the category Containers & Packaging and is included in the Dow Jones Sustainability World Index. BillerudKorsnäs achieves industry top scores for its climate strategy, customer relationship management, supply chain management and talent attraction & retention.

billkorlogo"Being named the most sustainable packaging company and, for the second consecutive year, one of the most sustainable companies in the world, is a great honor for us. Sustainability is an integral part of everything we do and with this position in the Dow Jones Index, we strengthen our position as a global driving challenger of conventional packaging solutions as well as working methods. This industry leadership is an excellent platform for our further pursuit of contributing positively to a sustainable future," says Petra Einarsson, President and CEO of BillerudKorsnäs.

BillerudKorsnäs sustainability work focuses on three areas: increasing customer value, responsibility throughout the value chain and contributing to a sustainable and bio-based society. In practice, that means to strengthen the customers sustainability work and competitiveness by developing smart packaging solutions based on renewable materials; to speed up the transition towards a sustainable and bio-based society by combating climate change throughout the entire value chain locally and globally; as well as to promote responsibility from raw material supply and production to recycling and provide engaging workplaces where safety, diversity and human rights are a priority.

From the RobecoSAM/Dow Jones report:

Containers and packaging companies are critical to the global economy and supply virtually every sector with tools to effectively protect, transport, market, and preserve their products for sale and use. Sustainable packaging continues to be a major industry trend driving innovation and differentiation. BillerudKorsnäs AB leads the Containers & Packaging industry in RobecoSAM’s Corporate Sustainability Assessment based on its Total Sustainability Score in 2018.

Read the full report: http://www.robecosam.com/images/IndustryLeader_DJSI2018_BillerudKorsnas_AB.pdf

About Dow Jones Sustainability Index
Dow Jones Sustainability Index (DJSI), launched in September 1999, is the first global index on how companies perform within economically relevant environmental, social and economic governance factors (ESG, Environmental, Social and Corporate Governance). Annually, over 3,400 of the world's largest companies from developed and emerging markets are analyzed by RobecoSAM in cooperation with Dow Jones. www.sustainability-indices.com

Additional Info

  • About

    BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

Published in European News

BillerudKorsnäs has opened one of Europe's largest and most efficient MG paper machines at Skärblacka production unit outside Norrköping in Sweden. The opening ceremony was held by BillerudKorsnäs President and CEO Petra Einarsson, retiring Governor of Östergötland County Elisabeth Nilsson, acceding Governor of Östergötland County Carl Fredrik Graf and Factory Manager of Skärblacka Production Plant Håkan Krantz. More than 500 people attended the ceremony at the Trozelli Gallery in Norrköping.

From left to right: Petra Einarsson President and CEO BillerudKorsnäs, Carl Fredrik Graf acceding Governor of Östergötland County, Elisabeth Nilsson , retiring Governor of Östergötland County and Håkan Krantz Manager of Skärblacka Production Plant.From left to right: Petra Einarsson President and CEO BillerudKorsnäs, Carl Fredrik Graf acceding Governor of Östergötland County, Elisabeth Nilsson , retiring Governor of Östergötland County and Håkan Krantz Manager of Skärblacka Production Plant.

The investment of approximately SEK 1.3 billion, partly in an upgraded existing paper machine and partly in a new machine for machine glazed kraft paper (MG paper), is part of BillerudKorsnäs venture to create a world-leading MG center in Skärblacka. The investment enhances BillerudKorsnäs product mix, lays the foundation for a broader product portfolio with higher value added and demonstrates that the company strengthens its leading position as global supplier of kraft paper for packaging purposes.

The applications for machine glazed kraft paper range from consumer goods to industrial products such as fat-resistant paper for consumer bags and fast food markets, barrier paper for dairy products such as butter packaging and paper for sealing medical disposable items.

Both the new MG machine and the capacity enhancement of existing machines opens new as well as enables growth in attractive market segments, while at the same time the investment as a whole provides a solid foundation for further development of Skärblacka as a world-leading MG center.

"It is with great joy and pride that we today have opened one of Europe's largest and most efficient MG machines. With this effort, we have strengthened our position as world leader in MG paper and also laid a solid foundation for further development of our product mix and offering," says Petra Einarsson, President and CEO of BillerudKorsnäs.

Facts about BillerudKorsnäs MG Center at Skärblacka production unit:

 

Additional Info

  • About

    BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

Published in European News

BillerudKorsnäs announced today that Mikael Andersson is appointed Senior Vice President for Board, one of the company's three divisions in the new organisation. The new organisation takes effect on the 1st of October.

Earlier this year, BillerudKorsnäs announced that the company will create three divisions with full profit and loss responsibility in order to more effectively realise the company's growth strategy. The three divisions will be Board, Paper and Solutions.

Mikael AnderssonMikael AnderssonMikael Andersson, today Senior Vice President for the current business area Corrugated Solutions, is appointed Senior Vice President Board. Corrugated Solutions will when the new organisation takes effect be split and the parts integrated in respectively Board and Solutions. Mikael Andersson will be, and is already today, part of the company's senior management team.

- "I am very happy that Mikael Andersson has accepted the offer to assume the role of Senior Vice President Board, one of our three divisions. Mikael has proven to be a strong leader as well as team player in the role of head of the business area Corrugated Solutions. I am convinced that Mikael is the right person to continue to develop and create growth in the Board division," says Petra Einarsson, President and CEO BillerudKorsnäs.

- "It is with great excitement I take on the role as Senior Vice President for the Board division. BillerudKorsnäs is on a journey to challenge conventional packaging for a sustainable future and hence also a growth journey. On this journey, liquid board, carton board, liner, fluting and other product categories included in the Board division are essential pieces. I am looking forward to developing this part of BillerudKorsnäs´ business together with my new team", says Mikael Andersson.

Mikael will take up his new position on October 1st, when the new organisation takes effect. The other two divisions´ Senior Vice Presidents are expected to be appointed within short.

Additional Info

  • About

    BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4 300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

Published in European News

BillerudKorsnäs and Uppsala University are making paper batteries a reality, paving the way for energy storage in packaging materials.

BillerudKorsnäs and researchers at Uppsala University have together taken an important step towards the future’s paper batteries. Together they have taken basic research based on pure cellulose from algae and developed it to work with the same type of fibre that BillerudKorsnäs usually uses to manufacture packaging material. This development opens up for both inexpensive and eco-friendly batteries. The long-term aim is to enable large-scale production and the future use of paper batteries for applications in areas such as smart packaging.

testing of the materialtesting of the material

Technology for large-scale production processes
The development work is being carried out by one of Sweden’s foremost research teams under Maria Strömme, collaborating with BillerudKorsnäs, as a leading company in the development of sustainable packaging technology, in a completely new form.


“What’s special in this case is the model for collaboration between BillerudKorsnäs and Uppsala University that has resulted in technology adapted to large-scale production processes. We’re combining the deep theoretical expertise of the researchers with our understanding of innovation and production technology. By successfully creating a joint platform, we can focus our work on the future, on creating an advanced product that can still be produced in an effective way,” says Lars Sandberg, project manager for innovation at BillerudKorsnäs.

Smart, connected packaging
In the long term, the paper battery opens up possibilities for developing packaging that is both smart and more sustainable. Small paper batteries with sensors can in the future open up for packaging that can be traced through the entire transport chain. This includes, for example, packaging that measures temperature or position in real time and provides information on what is happening with an item during transport.


A paper battery entails many new ways of using packaging and can thus offer exciting opportunities for the packaging industry and BillerudKorsnäs customers that wish to establish systems that safeguard quality and delivery reliability. For example, a light sensor along with a BillerudKorsnäs paper battery could provide information on where in the transport chain a product disappeared from its packaging.

With electrodes based on cellulose from wood fibre, the ambition is that in the future, it will be possible to recycle batteries along with their boxes and make them into new boxes or paper batteries.  

testing the paper battery potential and chargetesting the paper battery potential and charge

“The paper battery is a key piece of the puzzle in efforts to produce smart packaging that requires small, sustainable power sources. By enabling this type of sustainable packaging, the work on the paper battery is fully in line with BillerudKorsnäs’ vision of challenging conventional packaging for a sustainable future. Storing energy in paper instead of in lithium batteries, for example, allows for bio-based batteries that can form part of a circular system, which provides major sustainability benefits,” says Magnus Wikström, technical director at BillerudKorsnäs.

Additional Info

  • About

    BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

Published in European News

BillerudKorsnäs has within the scope of the recently launched group-wide program for improved production efficiency decided to implement measures with the aim of strengthening the workplace efficiency and environment at several of the Group’s mills. In total, a provision of approximately SEK 450 million will be made, of which approximately SEK 200 million will impact cash flow over a three-year period. The provision will have a negative effect on the result in the second quarter of 2018.

billkorlogoThe measures to strengthen the workplace environment will be taken during the ordinary maintenance shutdowns, starting after the summer, and continue through two to three maintenance cycles, depending on the work carried out. The measures will include demolition of old buildings and decontamination.

As the final stage of the consolidation of Billerud and Korsnäs, it has also been decided to implement unified accounting principles regarding spare parts and consumables at the mills, which will lead to impairment losses with effect in the second quarter.

In total, a provision of approximately SEK 450 million, of which approximately SEK 200 million will impact cash flow over a three-year period, will be made in the second quarter of 2018.

The provision will be reported as an item affecting comparability under unit Other. The interim report for the period January-June 2018 will be published on 18 July 2018.

For more information, please contact:
Susanne Lithander, CFO, +46 (0)8 553 335 07

Christopher Casselblad, Investor Relations, +46 (0)8 553 335 08

Additional Info

  • About

    BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging in order to create a more sustainable future. We are a world-leading provider of primary fibre-based packaging materials, supplying these to customers in more than 100 countries. The company has eight production plants in Sweden, Finland and the UK and employs around 4,400 people in more than 13 countries. BillerudKorsnäs has sales of approximately SEK 22 billion and its shares are listed on Nasdaq Stockholm. www.billerudkorsnas.se

Published in financial News

BillerudKorsnäs has just announced that negotiations with labour unions over a proposal for new organisation will be initiated within short. The proposal contains a full profit and loss responsibility in three divisions.

billkorlogo“During my first months with BillerudKorsnäs, it has become clear to me that we have great conditions for profitable growth. In order for us to take maximum advantage out of these conditions, we need to become faster and clarify accountability within the company. This we now want to accomplish through a new organisation in three divisions with full profit and loss responsibility”, says Petra Einarsson, President and CEO of BillerudKorsnäs.
The current organisation of BillerudKorsnäs is a matrix with three business areas, a production organisation and a number of supporting functions. The proposal for a new organisation, which will be subject to negotiations, contains an organisation in three divisions: sack and kraft papers, board and corrugated materials, and packaging solutions. The production units will be included in the division for sack and kraft papers and in the division for board and corrugated materials. All the details of the future organisation are not yet decided and will be worked out and negotiated going forward.

In parallel to this process, a review of the roles and composition of the senior management team of the company will also be carried out.
After finalised negotiations, the ambition is to staff the new organisation and fully implement it during the latter part of 2018. The external financial reporting of the company will be changed according to the new organisation by January 1st, 2019.

Additional Info

  • About

    BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4 300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

  • Contacts

    For more information, please contact:
    Henrik Essén, Senior Vice President Communication and Sustainability, BillerudKorsnäs AB (publ), +46 (0)730 573801

Published in European News

Packaging is a clear point of contact with the consumer, regardless of sales channel, and therefore a strategic tool for a brand that is helpful in people’s increasing ambition to become more sustainable-oriented in everyday actions and choices. The BillerudKorsnäs deep dive Packaging Sustainability for Helpful Brands shows that brand owners who clearly empowers consumers to act more sustainable are in high demand among global consumers.

2018 04 26 194331In BillerudKorsnäs Consumer Panel Report 2017, the highest index score of all was on the opportunity for brands to differentiate by packaging sustainability, giving clear benefits to the consumer to act more sustainable. Be it easier recycling, reducing food waste or a beneficiary second and third use of packaging.

Those benefits, if communicated, would be powerful to show that you are a helpful brand. The long-term winners will be the brands and corporation that are perceived as really helpful. Because all consumer (and B2B customers) will feel sure that they are part of the solution – not the problem.

From the content:

  • Helpful brands – a key to success
    Being helpful is a general, holistic approach to your business model, encompassing both why and how you do business. It is also about operating close to your customers: listening, interacting and innovating to make it easier for them to act in a sustainable way.
  • Helping the consumer be a hero
    About brand owners and the support, inspiration and innovation they can provide to make it easier for consumers to do right.
  • Packaging as a strategic tool
    Brand owners that are able to activate and engage consumers, to communicate the value and functionality of the packaging and to make consumers feel their behaviour has a positive impact, will be rewarded through preference and loyalty.
  • Packaging as a sustainability enabler
    Food waste is the highest priority for consumers when discussing the global challenges that packaging can help solve in the future.
  • Making recycling easy
    Making it easy and rewarding to recycle is number one on consumers’ list of dream results of future packaging innovation.
  • Going beyond the obvious
    Consumers are asking for true innovation – new ideas that change the role of packaging in their everyday lives.

Download the report, read our story about how Helpful Brands have a huge opportunity to gain market shares and watch our video series about Packaging Sustainability at:
https://www.billerudkorsnas.com/media/news/2018/packaging-sustainability-for-helpful-brands

More reports and trends on Packaging Sustainability at www.billerudkorsnas.com/trends

About BillerudKorsnäs Consumer Panel
The survey was conducted online in May 2017 by Syno International / Cint on behalf of BillerudKorsnäs. A representative sample of 3,300 people based on age (18-65 years) and gender participated from 16 cities: Berlin, Delhi, Jakarta, Cairo, Karachi, Lagos, London, Los Angeles, Manila, Mexico City, Mumbai, New York, Paris, Shanghai, Stockholm and Tokyo. BillerudKorsnäs Consumer Panel and Packaging Sustainability Index is a recurring series of surveys to further explore citizens view on packaging sustainability globally and locally.

* The index used in BillerudKorsnäs Consumer Panel is NPA (Net Positive Attitude) and is calculated as the share of consumers answering with the two most positive alternatives out of six, detracted with the share of consumers with the two most negative alternatives. With an average of 54,1 NPA, packaging sustainability is valued high by our panel representing megacities around the globe. A megacity is defined by the United Nations as a metropolitan area with a total population of more than 10 million people. Some definitions also set a minimum level for population density (at least 2,000 persons/square km).

For further information, please contact:

Bernd Schmitz, Communications Manager, +46 (0)709 314 050, bernd.schmitz@billerudkorsnas.com

BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

Published in European News

For the fourteenth consecutive year, BillerudKorsnäs organizes the international packaging design competition Packaging Impact Design Award (PIDA). Together with approximately 200 students from leading design universities in Sweden, Germany, France and England, the packaging phenomenon unboxing will be challenged.

Unboxing, the moment when a packaging is opened for the first time, is not only the consumer's first encounter with a product, but also increasingly critical for a brand's ability to make a first personal, and through social media, global impression. The possibility of differentiation through unboxing is the theme of the 2018 edition of BillerudKorsnäs design contest PIDA.

2018 04 17 094719

However, the brief to the contestants is more far-reaching than just embracing the first impression. It is about creating a sustainable, innovative and functional packaging concept with a unique unpacking experience that differs from the conventional solutions we see in stores and e-commerce today.

"During the fourteen years we have worked with PIDA, the competition has succeeded in becoming an international institution and one of the most important meeting places for new generation packaging designers and the established industry with brand owners, converters and design agencies. PIDA is a way for us to push forward the development of sustainable packaging design and this year we want to challenge conventional packaging solutions by bringing unboxing to a new level where it can reach its full potential in terms of creativity, sustainability and innovation,"says Lena Dahlberg Manager Carton Solution at BillerudKorsnäs.

Three competitions and new international "public award"
The competition brief was sent to the participants during January and the concept presentation/announcement of winners will occur at three separate events; in Stockholm on May 22 for Swedish and English students, in Paris on June 21 for French students and in Ludwigsburg on November 8 for German students. A novelty this year is the addition of an international award, the Peoples Choice Grand Final Award, where the public is invited to designate a total winner via Facebook. The nomination of the respective winners from England, France, Sweden and Germany starts after all regional competitions have been settled, and the entry that receives the most likes and shares is then named as the total winner of Peoples Choice Grand Final Award.


About PIDA
BillerudKorsnäs Packaging Impact Design Award (PIDA), has been organized annually since 2005 in collaboration with leading colleges and universities in France, Germany and Sweden. The goal
with the competition is to put the packaging at the center and show how significant packaging is for both the product and the environment. Every year, approximately 200 design students participate in the competition, which is an integral part of the education. Read more about PIDA at http://pida.billerudkorsnas.com/ and https://www.facebook.com/PIDAcommunity/

BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

Published in European News

As one of the forerunners in the global packaging industry, BillerudKorsnäs has received approval for its climate goals by the Science Based Targets initiative. The initiative was initiated by the UN, WWF and the World Resources Institute, aiming at assisting the world's companies to adopt climate targets in accordance with United Nations Paris Agreement.

billkorlogoAlready today BillerudKorsnäs is largely fossil-free with 97.5 percent biofuels used in the own operation. In order to further contribute to reducing climate change, BillerudKorsnäs has adopted new climate targets for 2030 and 2050, which now has been approved by the Science Based Targets initiative. The approved targets, which are in line with what is required for global warming not to exceed two degrees, are to:

  1. by 2030 reduce direct greenhouse gas emissions from own operations and indirect emissions from purchased energy by at least 59 percent compared to 2016 levels. By 2050, the corresponding emissions should be at least 74 percent lower.
  2. by 2030 reduce indirect greenhouse gas emissions from purchases of goods and services (eg transports) by at least 30 percent compared to 2016 levels. By 2050, the corresponding emissions should be at least 70 percent lower.

”The Paris Agreement and UN Sustainable Development Goal 13 "Take urgent action to combat climate change and its impacts" sends a clear signal to rapidly develop new resource-efficient solutions and replace fossil based with renewable ones. We, as one of the first players in our industry, are therefore very proud to present new climate targets. BillerudKorsnäs and the forest based industry play a key role in the transition to a biobased and sustainable society, not least by offering renewable alternatives to fossil based packaging materials," said Henrik Essén, Senior Vice President Communication and Sustainability at BillerudKorsnäs.

“We congratulate BillerudKorsnäs for having their emission reduction targets validated by the Science Based Targets initiative. By setting targets that are aligned with the rate of decarbonization needed to achieve the goals of the Paris Agreement, BillerudKorsnäs is demonstrating its business leadership and positioning itself for success in the low-carbon economy,” said Alberto Carrillo Pineda, Director, Climate Initiatives at CDP ‎and member of the Science Based Targets initiative steering committee.

Read more about BillerudKorsnäs view of sustainability at www.billerudkorsnas.com/sustainability and about the Science Based Targets initiative at http://sciencebasedtargets.org

For further information, please contact:

Henrik Essén, SVP Communication & Sustainability, +46 (0)73 057 38 01, henrik.essen@billerudkorsnas.com

Louise Wohrne, Sustainability Manager, +46 (0)72 713 11 19, louise.wohrne@billerudkorsnas.com

BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

Published in European News
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