Supporting biodiversity requires steady, continuous work and extensive collaboration with researchers, authorities, and local stakeholders. Our biodiversity program was established in 1998 with environmental guidelines concerning operational activities, forest conservation and collaboration projects with stakeholders. In 2018, we introduced our new commitment with a goal of net-positive impact on biodiversity in Finland and Uruguay.
In 2024, we enforced our commitment and made it truly global, covering all the regions where we own forests and plantations. The indicators were updated in Finland and Uruguay, and totally new set of indicators were developed for the U.S. We have linked the pricing mechanism of our financing to long-term biodiversity and emission reduction targets.
We use the indicators in each region where we operate to assess the development in forests and adjacent or protected areas close to plantations.
Our biodiversity targets and indicators are part of Forest Action, our global forest responsibility program. Net positive impact (NPI) on biodiversity in Finland has nine indicators, while in Uruguay it has five and in the U.S. it has six. These indicators are reviewed annually.