Overall Net-Zero Target: Billerud AB commits to achieve net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets: Billerud AB commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2022 base year. Billerud AB also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, upstream and downstream transportation and distribution, and processing of sold products 25% within the same timeframe. Long-Term Targets: Billerud AB commits to reduce absolute scope scope 1, 2 and 3 GHG emissions 90.0% by 2050 from a 2022 base year.* Within this target, Billerud AB commits to reduce absolute scope 1 and 2 GHG emissions 90.0% by 2050 from a 2022 base year and Billerud AB also commits to reduce absolute scope 3 GHG emissions 90.0% within the same timeframe. * *The target boundary includes land-related emissions and removals from biogenic feedstocks. **The targets only include energy and industrial emissions, the FLAG emissions have been excluded. The company will include these emissions in a FLAG target once a pathway for timber and wood fiber is available.