EQS-News: Metsä Group and ANDRITZ are aiming for ambitious climate goals

EQS-News: Andritz AG / Key word(s): ESG
   Metsä Group and ANDRITZ are aiming for ambitious climate goals

   14.02.2024 / 08:00 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   GRAZ, FEBRUARY 14, 2024.  Metsä Group and technology supplier ANDRITZ have
   agreed to work together to reduce Scope 3 greenhouse gas emissions. Scope
   3 emissions refer to emissions from the company's value chain and
   purchases, such as emissions during the sourcing of production equipment
   and raw materials and the transportation and use of manufactured products.
   The goal of the multi-year cooperation is to increase the effectiveness of
   emission reductions and to find completely new ways to reduce greenhouse
   gas emissions.

   The companies have established a project group that will determine the
   most significant development targets, metrics and goals during 2024, with
   which the total emissions of the value chain can be reduced.

   "The collaboration is a significant step for both companies. It shows how
   important part of our sustainability work is to reduce emissions from the
   value chain and sourcing. Together, we will find new ways to manage
   greenhouse emissions that would not necessarily be recognized if companies
   were operating independently," says Jari Voutilainen, SVP Sourcing and
   Logistics at Metsä Group.

   "ANDRITZ is strongly committed to developing innovative solutions in
   cooperation with Metsä Group, so that we can achieve our sustainability
   goals together. This partnership with Metsä Group not only reflects our
   commitment to advanced greenhouse gas emission management methods, which
   are an integral part of our sustainability strategy, but also enables the
   implementation of more effective emission reduction methods, which would
   be much more challenging if acting alone," says Ari-Pekka Määttänen, SVP
   EMEA at ANDRITZ Pulp & Paper.

   – End –

   METSÄ GROUP
   Metsä Group has its roots in the Finnish forests: our parent company
   Metsäliitto Cooperative is owned by over 90,000 forest owners. We use wood
   to make recyclable products for the day-to-day lives of millions of people
   globally. We focus on wood supply and forest services, wood products,
   pulp, paperboards, and tissue and greaseproof papers. We are committed to
   the principles of regenerative forestry to measurably strengthen the state
   of forest nature. We promote a culture of diversity, equality and
   inclusion. In 2023 our sales totaled EUR 6.1 billion, and we have around
   9,500 employees.

   ANDRITZ PULP & PAPER
   ANDRITZ Pulp & Paper provides sustainable technology, automation, and
   service solutions for the production of all types of pulp, paper, board
   and tissue. The technologies and services focus on increased production
   efficiency, lower overall operating costs as well as innovative
   decarbonization strategies and autonomous plant operation. ANDRITZ GROUP
   is a publicly listed company with approximately 30,000 employees and more
   than 280 sites in over 80 countries.

   PRESS RELEASE AVAILABLE FOR DOWNLOAD
   This press release is available for download at [1]andritz.com/news.

   FOR FURTHER INFORMATION, PLEASE CONTACT
   Susan Trast
   Vice President Group Communications and Marketing
   [2][email protected]
   [3]andritz.com

    

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   14.02.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

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   Language:    English
   Company:     Andritz AG
                Stattegger Straße 18
                8045 Graz
                Austria
   Phone:       +43 (0)316 6902-0
   Fax:         +43 (0)316 6902-415
   E-mail:      [email protected]
   Internet:    www.andritz.com
   ISIN:        AT0000730007
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1836677


    
   End of News EQS News Service


   1836677  14.02.2024 CET/CEST

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