Strategic impact goal:

Mitigating climate change through sustainable and resource efficient forest and bio based industries


To mitigate global climate change, the world must continue to rapidly develop and deploy low-carbon products, while simultaneously mitigating the emissions created as a result of their manufacture. Though the carbon-emissions intensity of some manufacturing processes has improved through technological innovation and other mechanisms, global GHG emissions from manufacturing[1] remain a deep and increasing problem as demand for manufactured products continues to grow worldwide.

Sustainable and resource efficient forest and bio-based industries have an important role in transforming global production and consumption towards sustainable and circular practices. Currently forest industry products account for over 16 million tonnes of CO₂ emissions abated globally per year, while for example in Finland the emissions of forest industry mills are already extremely low and soon these mills could be completely fossil fuel free[2]. However, forest industry produces tens of millions of tonnes of CO2 benefits as the factories’ emissions reduce, the products substitute fossil-based alternatives and growth of forests strengthens.


[1] GHG emissions resulting from manufacturing are comprised of emissions from the fabrication of all products except for energy products (for example, motor gasoline or coal tar) and the energy used for construction . Manufactured products include, for example, steel, machinery, textiles, concrete, etc.

[2] Finnish forest industry climate roadmap, 2020, available at:



Green impact embedded in the forest industry




UB FIGG is a signatory of Operating Principles for Impact Management and reports on the environmental and climate impact of its investments.


The Fund reports on net CO2 impact and substituted fossil raw material tonnes for each investment and relevant additional impact KPIs based on each portfolio company’s individual characteristics.


See also:

Sustainability-related disclosures »

Operating Principles for Impact Management Disclosure Statement »