Global Climate Change Policy

There is no greater threat to the future of all living beings than climate change. At VARAKA, we believe that the industry plays a crucial role in finding sustainable solutions to today’s climate issues.

Acknowledging that climate change is a common concern of humanity;

The parties are responsible for emissions and removals in accordance with the methodologies and common metrics evaluated by the Intergovernmental Panel on Climate Change and adopted by the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement;

We aim to be one of the first companies to commit to and achieve science-based carbon reduction targets, and on October 12, 2021, we announced our goal to achieve net-zero emissions in all production processes by 2050 and to calculate and approve our interim emission reduction target by 2030.

In alignment with the company’s strategy, as VARAKA Paper Industry Joint Stock Company;

In accordance with our Climate Change Policy and general Environmental Policy, we will:

  • Strive to reduce our emissions as much as possible in all production processes by:
    • Advancing the reduction of energy used in our operations.
    • Promoting the use of renewable energy technologies.
    • Collaborating with suppliers to reduce carbon footprints and minimize climate impacts..
    • Establishing roadmaps for emission reduction across all our operations and key steps in the value chain..
  • Implement CO2 emission reduction targets as a component of our long-term management incentive plans,
  • Working with other partners (industries, academia, NGOs, government, etc.) on mitigating and adapting to climate change,

We commit to these actions. (ENYS.PT.002/RV00)