We have set two ambitious key targets for minimizing our greenhouse gas emissions.
- We reduce CO2 equivalent emissions in our own operations by 50% by the end of 2025 from 2018 level (scope 1 & 2 without compensation actions).
- We reduce carbon intensity in our value chain (scope 1 & 2 & 3) by 50% by the end of 2030 from 2020.
Progress in 2024
In 2024, we achieved a major milestone in reducing our greenhouse gas emissions. We successfully halved our operational CO₂ emissions three years ahead of our 2025 target, compared to the 2018 baseline.
Effective land use reduces emissions
The majority of our direct emissions (scope 1) still originate from peatland emissions, which accounted for approximately 88% of our scope 1 emissions. To address this, we continued decommissioning and restoring production areas and developed renewable energy solutions such as solar and wind parks on former production sites.
For scope 3 emissions, which represent 77% of our total value chain carbon footprint, we focused on lifecycle management and material efficiency. In 2024, our material recycling rate rose to 84.4%, clearly exceeding our 60% target.
We also reduced logistics-related emissions relative to the volume delivered. This was achieved by transitioning to lower-emission vehicles and optimizing transport routes
Emissions are counted according to international protocol
Neova Group greenhouse gas emissions are counted according to GHG Protocol and validated by external party. The carbon footprint calculation includes Neova Group and all its subsidiaries.