Huhtamäki (HUH1V) ESG update summary

Climate and environmental progress

• Updated climate targets to align with the 1.5°C trajectory for Scope 1 and 2 emissions, with SBTi-approved targets and a commitment to halve Scope 1 & 2 emissions by 2030 and achieve net zero by 2050.

• Achieved a 4.5% reduction in Scope 1 and 2 GHG emissions and increased renewable electricity use to 60.6%.

• 84.6% of non-hazardous waste recycled, reducing landfill waste to 4.7%.

• 98.8% of fiber used was certified or recycled, reflecting a strong commitment to responsible sourcing.

• Launched a solar farm project in India, targeting a 9,000 tCO2e annual reduction and delivering a return on investment in less than one year.

Social and governance achievements

• Reduced total recordable injuries by 4% and increased employee engagement participation to 87%.

• 98.5% of employees completed updated code of conduct training, improving governance standards.

• Maintained a lost time injury rate of 1.23 and improved total recordable injury rate to 2.57, surpassing targets.

• Zero serious accidents targeted by 2030 and strengthened human rights management across the value chain.

• Building a systematic framework to manage impacts and risks in the value chain.

Product sustainability and innovation

• Increased renewable or recycled raw materials to 67.9%, supporting Scope 3 emission reductions.

• Developed recyclable and compostable packaging solutions, including ProDairy, fiber-based products, and mono-material polyolefin packaging.

• Fiber Packaging segment uses 100% recycled paper, supporting circularity and waste reduction.