Huhtamaki raises its climate ambition with updated greenhouse gas reduction targets validated by the Science Based Targets initiative (SBTi)

Core Viewpoint - Huhtamaki is enhancing its climate goals by adopting more stringent short-term emission reduction targets, aligning with the Paris Agreement to limit global warming to 1.5°C [1][2] Emission Reduction Targets - By 2030, Huhtamaki aims to reduce Scope 1 and 2 GHG emissions by over 50% and Scope 3 emissions by 25% compared to 2022 levels, with these targets approved by the Science Based Targets initiative (SBTi) [1][8] - The company has committed to setting long-term emissions reduction targets with the SBTi, aiming for net-zero by 2050 [2] Climate Action Plan - The climate action plan includes various decarbonization strategies such as replacing fossil fuels, increasing the use of renewable energy, engaging with low-emission suppliers, and enhancing the renewable and recycled content in products [4] - Continuous improvement in operational efficiency is also a focus to reduce carbon emissions [4] Sustainability Strategy - In late 2025, Huhtamaki updated its sustainability ambitions to meet the evolving needs of the packaging industry, reinforcing accountability and technology-relevant targets [5] - Sustainability is central to Huhtamaki's strategy, aiming to be the preferred choice for sustainable packaging solutions [5] Broader Environmental Focus - The company is also focused on developing packaging that is recyclable, compostable, or reusable, made from responsibly sourced materials, while minimizing waste and reducing water consumption [6] - Collaboration with customers and partners is emphasized to deliver sustainable, cost-efficient, and user-friendly solutions [6] Company Overview - Huhtamaki is a leading global provider of sustainable packaging solutions, with a history of over 100 years and operations in 36 countries [9] - The company reported net sales of EUR 4.1 billion in 2024 and is listed on the Nasdaq Helsinki [9]