Last April, the group launched the construction of a new generation mill: besides producing paper pulp, it will transform wood waste in bio-materials to produce bio-energy. EUR 1.1 billion is the amount invested in this new plant by Metsä, which should be operational in 2017 in Äänekosk in Finland, where the group is already established.

Metsä Board's site at Äänekosk, Finland

Metsä Board’s site at Äänekosk, Finland

This new mill will have a production capacity of no less than 1.3 million tonnes of pulp. It will also produce bio-energy from unused wood residues which are then burnt as energy. With Mestä, nothing is wasted, everything is transformed.

Most recently, Metsä Board efforts were rewarded with the company’s admission into CDP’s Nordic Climate Disclosure Leadership Index (CDLI). CDP is an international, not-for-profit organisation providing a global system to measure, disclose, manage and share environmental information. Metsä Board achieved an excellent score of 98 out of 100 for the depth and quality of climate change data it discloses to investors and the global marketplace. High scores indicate that a company provides robust climate data and conveys a strong understanding of corporate climate-related issues. Only companies with a score in the top 10% are awarded a position in the CDLI, showing they have provided a high level of transparency in their disclosure of climate-related information.

Mika Joukio, CEO of Metsä Board

Mika Joukio, CEO of Metsä Board

It is a tribute to commitment of everyone within Metsä Board, as sustainability lies at the heart of our organisation, and will motivate us to increase our efforts in the future,” Mika Joukio, CEO of Metsä Board.