Borregaard
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:648,655 t CO2e/year
Scope 1 Emissions:132,771 t CO2e/year
Scope 2 Emissions:64,093 t CO2e/year
Scope 3 Emissions:410,791 t CO2e/year
Water Consumption:53,755 megalitres/year (withdrawal), 308 megalitres/year (consumption)
Waste Generated:34,883 tonnes/year
ESG Focus Areas
- Climate Change
- Nature
- Biodiversity
- Water Management
- Resource Use
- Human Rights
- Sustainable Forestry
Environmental Achievements
- Reduced GHG emissions by 34% over the past 14 years.
- 99% of all sourced trees are certified (PEFC or FSC).
Social Achievements
- Supplier Code of Conduct (SCoC) signed by suppliers, confirming compliance with ILO standards and UN Global Compact principles.
- Ongoing stakeholder engagement through dialogue, meetings, media analysis, and participation in relevant arenas.
Governance Achievements
- Integrated climate and nature management into governance mechanisms.
- Established an Audit and Sustainability Committee (ASC) to monitor and evaluate climate and nature-related issues.
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions by 2050 (90% reduction, 10% offsetting)
Medium-term Goals:
- Reduce COD emissions to 40 tonnes/day by 2030
- Achieve good ecological status in the River Glomma by 2033
Short-term Goals:
- Reduce COD emissions to Glomma by 25-30% by 2025
- Reduce Scope 1 and 2 GHG emissions by 42% by 2030
- Reduce Scope 3 emissions by 25% by 2030
Environmental Challenges
- Increasing carbon prices
- Increased energy prices
- Stricter regulations on forest management and land-use changes
- Stricter regulations related to climate gas emissions and environment
- Resource availability including renewable energy
- Climate change
- Climate change mitigation measures
- Varying water levels disrupting raw material and product transport
- Extreme weather events affecting transportation
- Rising temperatures harming wood sources
- COD emissions to River Glomma
- Potential impacts from extreme weather events (hurricanes, landslides, drought)
Mitigation Strategies
- Investments in emission reduction technology and increased use of renewable energy
- Investments to reduce emissions to water to improve the water quality of the River Glomma
- Investments in improved washing equipment, spill collection, containment, evaporation, and incineration
- Diversifying sourcing locations and ensuring resource efficiency
- Implementing a range of GHG reducing and energy saving activities in production
- Entering power purchase agreements
- Energy conservation activities
- Flexible logistics solutions
- Diversifying supply of salt, wood raw materials, and other key natural resources
- Adherence to PEFC/FSC certification schemes
- Climate-related incidents are fully covered until 2030 under property damage and business interruption coverage policies
Supply Chain Management
Supplier Audits: Annual assessment of existing supplier portfolio
Responsible Procurement
- Supplier Code of Conduct (SCoC)
- Emphasis on sustainable forestry and 100% certified wood
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Flooding
- Drought
- Landslides
- Rising water levels
- Hurricanes
Transition Risks
- Increasing carbon prices
- Increased energy prices
- Changes in forest regulations
- Stricter regulations on emissions
Opportunities
- Increased demand for low-carbon products
- Development of energy-efficient products
- Access to green financing
- Opportunities in renewable energy
Reporting Standards
Frameworks Used: TNFD, IFRS S2, ESRS, TCFD
Certifications: ISO 14001, PEFC, FSC
UN Sustainable Development Goals
- SDG 7 (Affordable and clean energy)
- SDG 12 (Responsible consumption and production)
- SDG 13 (Climate action)
- SDG 15 (Life on land)
Initiatives contribute to these goals through emission reductions, sustainable resource use, and biodiversity protection.
Sustainable Products & Innovation
- Lignin-based biopolymers
- Cellulose fibrils
- Speciality cellulose
- Bioethanol