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Metsa Group publishes annual review on sustainable practices

 Tuesday, February 27, 2024

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Metsa Group publishes annual review on sustainable practices

Metsa Group has published its Annual Review for the financial period January 1-December 31 2023 in Finnish and English. The 2023 Annual Review closely follows the requirements and structure laid out in the European Sustainability Reporting Standards (ESRS). The ESRS are part of the new Corporate Sustainability Reporting Directive (CSRD) and apply to Metsa Group’s reporting starting in 2024.

Metsa Group currently aims to be at the forefront while promoting its move towards sustainable growth. It is for this reason that its has prepared the new statutory reporting requirements as early as 2023.

“The new directive will emphasise the role of sustainability matters in companies. Metsa Group wanted to progress more quickly than required by the directive, as we are a large operator and wish to serve as an example to others in the importance of sustainability work,” says Vesa-Pekka Takala, CFO of Metsa Group.

The CSRD requires large companies to publish their sustainability information as part of the Board of Directors’ report in accordance with the requirements of the directive and the ESRS. The goal is to improve the transparency and comparability of companies’ sustainability reporting.

“The Sustainability statement prepared in accordance with the directive sheds light on Metsa Group’s operations in a whole new way. This was a huge effort for us, but we also learned a great deal from it. Assured reporting is a good way for us to further develop our operations and sustainability,” Takala adds.

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