FMN | December 19th, 2022

Climate Neutrality (Cont’d from Page 1)

its fossil emissions, the corrugated cardboard sector would become a climate negative packaging material. The ambitions of the corrugated cardboard sector’s Climate Neutrality Roadmap can only be achieved if the following enabling conditions are met: • A predictable and stable regulatory framework to steer investments. • The availability and affordability of climate friendly energy carriers. • An adequate and robust energy infrastructure. • Policies and measures to enable the decarbonisa- tion of the paper sector. • Policies and measures to enable the decarbonisa- tion of the transport sector. • Recycling policies to improve quality of waste streams. “The roadmap reflects a credible plan that can be implemented in the required timeframe,” said Alex Manisty, Chairman of the FEFCO Climate Neutral- ity Roadmap Steering Committee, “and shows the strong will of the industry to build a climate neutral future for corrugated cardboard. Already the most recycled packaging material, with 88 percent recy- cled content, climate neutral corrugated cardboard will enable sustainable global supply chains for the long term.”

committed to achieving climate neutrality. It lays out key milestones, the most plausible scenarios, the required investments, and the necessary policy measures to reach this goal. The key findings show that the corrugated card- board industry can reduce its carbon footprint emis- sions through actions directly within its control by 2050 compared to business as usual (BAU): • Improvements in material efficiency and circular- ity that would reduce the footprint by 3.3 Mt CO2eq (or 19 percent) by 2050 compared to BAU; and • Further improvements in energy efficiency and decarbonization of the energy mix would reduce the footprint by an additional 2.8 Mt CO2eq (or 16 percent) by 2050 compared to BAU. Looking beyond direct action, collective engage- ment of the wider value chain will enable corrugat- ed cardboard to become carbon neutral and even carbon negative. Notably, the bulk of the reductions must be achieved upstream, and, in particular, by reducing the climate footprint of paper production. Reduction of the paper sector (fossil) carbon foot- print by 80 percent by 2050 (in line with the current paper industry roadmap) will allow the corrugated cardboard sector to achieve climate neutrality. Furthermore, if the paper sector fully phases out

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December 19, 2022 3

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