In light of the climate crisis, the European Forest-Based Industries, including the pulp, paper and other fibre-based product industries, the woodworking industries, the producers of furniture, the bio-energy sector and the printing industry, have come together to present their vision of the European society in 2050 and the essential role that they can play, delivering on the carbon neutrality goal.

Metsä Group’s Green Finance Framework integrates sustainability and climate change mitigation to the Group’s investments and related financing activities. The framework is based on the Group’s strategy and the strategic sustainability objectives for 2030. The framework covers the whole value chain from sustainably managed Northern forests to modern production technologies and to current and new bioproducts that are recyclable and store carbon for the entire life-span.

Metsä Fibre, Metsä Group’s pulp and sawn timber industry, has been awarded for the company’s sustainability work by the EFQM Global Excellence Award. The company won the Outstanding Achievement for Sustainability Award and reached the EFQM rating Recognised for Excellence 6 Stars. EFQM organisation gave the Outstanding Achievement in Sustainability Award to Metsä Fibre for the excellent work the company has done in promoting and continuously developing sustainability. Metsä Fibre received special thanks for the ways it takes sustainability into account in its investments and action plans, and for the way sustainability is reflected in the corporate culture at all levels of the organisation.

Valmet has progressed well with its Sustainability360° agenda emphasizing continuous improvement of sustainable business practices. As one proof of the good progress, Valmet has been included in the Dow Jones Sustainability Index (DJSI) already for the sixth consecutive year. The company was listed both in the Dow Jones Sustainability World and Europe indices. The total number of companies included this year in the DJSI World for 2019-2020 is 318. The comprehensive ranking evaluates companies’ economic, environmental and social performance.

The second World BioEconomy Forum held in the Finnish resort town of Ruka ended today with eight declarations agreed upon by delegates from across the globe. The three-day event kicked off with a update on the latest European Bioeconomy Strategy and action plan launched last year from Elisabetta Balzi, head of the Bioeconomy Unit at the European Commission. The latest strategy, with funds of Euro 10 billion for research into food and natural resources for the years 2021-27, is now in full swing in its implementation and Balzi gave a comprehensive, detailed presentation of where resources are being allocated.