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Raw materials and inputs

Wood and timber

No documented connections to other themes yet.

Strongest quotes

Amcor · Input

“Raw Materials Polymer resins and films, paper, paperboard, inks, solvents, adhesives, and aluminum constitute the major raw materials we use. These are purchased from a variety of global industry sources, and we are not significantly dependent on any one supplier for our raw materials.”

Annual report 2026A · The company itself

Amcor · Input

“All of the raw materials we use are purchased from third parties, and our primary inputs include polymer resins and films, paper, paperboard, inks, solvents, adhesives and aluminum.”

Annual report 2026A · The company itself

Avery Dennison · Input

“Table of Contents Manufacturing and Environmental Matters We use various raw materials — primarily paper, plastic films and resins, as well as specialty chemicals purchased from various commercial and industrial sources — that can be subject to significant price fluctuations.”

Annual report 2025A · The company itself

Avery Dennison · Input

“Risks Related to Our Business As a manufacturer, our sales and profitability depend upon the availability and cost of raw materials and energy, which may be subject to significant price fluctuations, and our ability to control or offset increases in raw material and labor costs. Raw material and freight cost increases have impacted our business. Raw materials represent a significant portion of our costs and a critical factor in our profitability.”

Annual report 2025A · The company itself

Companies with exposure

AmcorSector unknown

Input · weakens · strength 2/3

“We believe we are uniquely positioned to deliver exceptional value to our customers by leveraging our global scale and innovation and sustainability capabilities to offer a broad range of differentiated consumer packaging and dispensing solutions using a variety of materials including paper, aluminum, polymer resins, recycled, and bio-based materials.”

Annual report 2026A · The company itself

Input · weakens · strength 3/3

“Raw Materials Polymer resins and films, paper, paperboard, inks, solvents, adhesives, and aluminum constitute the major raw materials we use. These are purchased from a variety of global industry sources, and we are not significantly dependent on any one supplier for our raw materials.”

Annual report 2026A · The company itself

Input · weakens · strength 2/3

“Increases in the price of raw materials are generally able to be passed on to customers including through contractual price mechanisms over time.”

Annual report 2026A · The company itself

Input · weakens · strength 3/3

“All of the raw materials we use are purchased from third parties, and our primary inputs include polymer resins and films, paper, paperboard, inks, solvents, adhesives and aluminum.”

Annual report 2026A · The company itself

Avery DennisonSector unknown

Input · weakens · strength 3/3

“Table of Contents Manufacturing and Environmental Matters We use various raw materials — primarily paper, plastic films and resins, as well as specialty chemicals purchased from various commercial and industrial sources — that can be subject to significant price fluctuations.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Risks Related to Our Business As a manufacturer, our sales and profitability depend upon the availability and cost of raw materials and energy, which may be subject to significant price fluctuations, and our ability to control or offset increases in raw material and labor costs. Raw material and freight cost increases have impacted our business. Raw materials represent a significant portion of our costs and a critical factor in our profitability.”

Annual report 2025A · The company itself

BORREGAARD ASASector unknown

Driver · weakens · strength 2/3

“Ahead of the game (SSP1-2.6) Ambitious carbon reduction efforts, ecosystem restoration, and protection drive positive environmental changes. In the short term, Borregaard’s wood supply remains stable as climate change slows and resource efficiency improves. In the medium- term, increased carbon emission reduction and conservation efforts boost the availability of sustainably sourced materials. In the long-term, sustainable forest management ensures healthy forests and tree regeneration, securing the supply of wood.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Borregaard is impacted by supply, demand, and price of wood.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Wood prices continued to increase quite substantially in 2024. In total, the wood costs for Borregaard increased by 24% compared with 2023. The pulpwood market in the Nordics is tight and prices have increased significantly from 2022, following the abrupt end of imports from Russia. In addition, strong markets for the Nordic pulp producers have put further pressure on pulpwood prices.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Borregaard's value chain is characterised by our integration from raw material sourcing to the production and distribution of bioproducts. Upstream, we collaborate with certified forest owners and suppliers to ensure the sustainable procurement of wood and other raw materials.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“102 CONTENTS FINANCIALS SUSTAINABILITY BOD REPORT REPORT OF THE BOARD OF DIRECTORS E4-4 AND E4.MDR-T Targets related to biodiversity and ecosystems Our efforts towards achieving our goal to source 100% certified wood for the biorefinery in Norway resulted in 95% certified wood, with the remaining 5% verified as controlled in compliance with PEFC and/or FSC ® standards.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“In addition, we regard the 607 suppliers in the categories: logistics, chemicals and wood as having potential negative environmental impacts. 35 of these are classified strategic and thus identified as having significant actual and potential negative environmental impacts. Improvements have been agreed with 54% of them.”

Annual report 2024A · The company itself

Builders FirstSourceSector unknown

Input · weakens · strength 3/3

“The key materials we purchase include dimensional lumber, OSB and plywood, engineered wood, windows, doors, millwork, and siding.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Our largest suppliers are national companies such as Boise Cascade Company, Weyerhaeuser Company, West Fraser Timber Co. Ltd., Specialty Building Products, James Hardie Industries plc, and Mitek Industries Inc.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“We balance our OSB and lumber purchases with a mix of contract and spot market purchases to ensure a consistent supply of products necessary to fulfill customer contracts, to source products at the lowest possible cost, and to minimize our exposure to the volatility of commodity lumber prices.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Prices of building products are subject to fluctuations arising from changes in supply and demand, national and international economic conditions, including inflation and interest rates, labor costs, competition, market speculation, government regulation, and trade policies, as well as from periodic delays in the delivery of lumber and other products, all of which are outside our control.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“A range of factors may make our quarterly revenues, earnings and cash flows variable.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“We purchase certain materials, including lumber products, which are then sold to customers, as well as used as direct production inputs for our manufactured products that we deliver.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Lumber and Lumber Sheet Goods. Lumber and lumber sheet goods include dimensional lumber, plywood and oriented strand board (“OSB”) products used in on-site house framing. The products in this category are highly sensitive to fluctuations in market prices for such commodities.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Our lumber and lumber sheet goods product category represented 26% of total net sales for the year ended December 31, 2025. As such, if lumber or structural panel prices were to significantly decline from current levels, our sales and profits could be negatively affected.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“For example, sales of lumber and lumber sheet goods tend to generate lower gross margins due to their commodity nature and the relatively low switching costs of sourcing those products from different suppliers.”

Annual report 2025A · The company itself

ENTRA ASASector unknown

Input · weakens · strength 3/3

“The most commonly used construction materials are concrete, metal, and timber.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Consequently, the most commonly used materials in such projects are glass, insulation, façade materials, gypsum boards, and technical equipment. Tenant alterations projects focus on updating and customising spaces to meet tenant needs and improve building functionality. These projects primarily involve materials such as drywall, glass, various flooring materials (including polyester carpets and ceramic tiles), lighting fixtures, porcelain for sanitary equipment, and paint.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Material usage is managed sustainably where possible. For instance, recycled steel and insulation materials are incorporated, and timber is sourced from sustainable suppliers.”

Annual report 2024A · The company itself

Harvia OyjSector unknown

Input · weakens · strength 3/3

“Harvia’s business is dependent on the availability of main raw materials, which are wood and steel, used in the manufacturing of Harvia’s products, as well as heater stones. material impacts, risks and opportunities related to own workforce Harvia identified and assessed material own workforce-related impacts, risks and opportunities in its double materiality assessment.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Consumption of natural resources Natural resources, non-renewable virgin materials and non-recyclable content in raw materials will always be needed to some extent.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“The main materials used in manufacturing Harvia’s products are steel and wood.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“This may affect raw materials' profitability and increase costs due to higher material prices, updating products and manufacturing methods when shifting to sustainable alternatives, availability issues due to high-demand, supplier lock-ins and negative impacts on product reliability and quality.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Harvia manages waste creation by preventing it at the source, improving process efficiency, and promoting recycling and reuse throughout its operations. responsible sourcing, with a commitment to using recycled stainless steel (averaging approximately 90% recycled content) and sustainably sourced, deforestation-free wood materials.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Harvia sources wood from certified suppliers, depending on availability in various markets.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Resource use efficiency opportunity Improved resource efficiency has been a strength for Harvia with reduced material costs and efficient production performance. By using fewer materials, optimizing material use for products, and adopting and increasing the amount of recycled material Harvia has gained lower long-term cost of revenue and increased operational efficiency.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“The European sauna factories of Harvia procure their wood materials from suppliers with a valid Chain of Custody certification. During production, scrap wood is minimized by techniques such as finger jointing, which enables the use of shorter wood pieces.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Saunas and Scandinavian hot tubs, which represent the second largest product group and account for 24% of total revenue, contribute to the material flow of wood.”

Annual report 2025A · The company itself

Holmen AktiebolagSector unknown

Driver · weakens · strength 3/3

“Men även om skog är en förnybar resurs är råvarutillgången begränsad i flera delar av världen. Samtidigt som efterfrågan på skogsråvara väntas öka är den globala virkestillgången alltmer ansträngd .”

Annual report 2024A · The company itself

Driver · weakens · strength 3/3

“Konkurrensen på virkesmarknaden var hög och skogsråvaran har inte räckt till för att tillgodose ett växande behov från skogsindustrin och energisektorn. Virkespriserna steg ytterligare under 2024 vilket höjde rörelseresultatet från Skog till 1 947 Mkr.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Bakgrunden till den globala virkesbristen har flera förklaringar. Kanada har drabbats av stora barkborreangrepp vilket kraftigt minskat den årliga skörden. I provinsen British Columbia har skörden halverats de senaste tio åren, från drygt 70 miljoner m 2014 till cirka 35 miljoner m 2023.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Priset på virke har fortsatt att öka 2024 medan priset för kemikalier sjönk något.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Även i en svag marknad har efterfrågan på skogsråvara varit stor och de svenska virkespriserna har ökat mer än 50 procent sedan 2021. Som skogsägare är det bra med höga virkespriser men kampen om råvaran gör det utmanande att förse industrierna med virke till konkurrenskraftig kostnad.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Virke, el och kemikalier är de mest väsentliga insatsvarorna och prisförändringar påverkar lönsamheten.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Nästan hälften av koncernens virkesbehov täcks av skörd från egna skogar medan resterande del huvudsakligen köps in från privata skogsägare.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Försäljning Förändring Pris Leveranser Kartong och Papper +/-1 % 153 59 Trävaror +/-1 % 37 11 Virke egen skog +/-1 % 20 14 Vatten och vindkraft +/-1 % 6 5 Insatsvaror Förändring Pris Virke +/-1 % 52 El* +/-1 % 3 Kemikalier +/-1 % 20 Övriga rörliga kostnader +/-1 % 8 Leveranskostnader +/-1 % 22 Personal +/-1 % 30 Övriga fasta kostnader +/-1 % 21 * Med hänsyn tagen till elprissäkringar för 2025.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Egen skog ger kontroll över råvaran Holmens stora skogsinnehav och nära samarbete med 15 000 privata skogsägare skapar stordriftsfördelar som ger oss en stark ställning på virkesmarknaden.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Holmens fem sågverk är fördelaktigt belägna nära våra skogsinnehav från norr till söder vilket säkerställer en effektiv logistikkedja från skog till såg. Närheten till råvaran i kombination med effektiva virkesinköp är en viktig nyckel till lönsamhet.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Riktlinjernas främjande av bolagets affärsstrategi, långsiktiga intressen och hållbarhet Holmens strategi är att äga och förädla skog. Holmens skogsinnehav utgör basen för verksamheten, där råvaran växer och förädlas till allt från trävaror för klimatsmart byggande till förnybara förpackningar, magasin och böcker, med energi som till stor del kommer från egen vatten- och vindkraft.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Vi brukar skogen aktivt och hållbart samtidigt som vi använder råvaran på ett klokt och lång siktigt sätt. Virket förädlas till trävaror för hållbart byggande och av det som blir över tillverkar vi kartong av världs ledande kvalitet och innovativa pappers produkter.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Holmens affär utgår från kraften som finns i skogarna, älvarna och vindarna. Den fokuserar på hur vi med teknik och ingenjörskonst kan skapa de produkter världen behöver. Holmen odlar hus. Det betyder att vi brukar skogen framtidssmart för virkets skull.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Affärsområde Trävaror tillhandahåller trävaror för snickeri- och byggändamål vid fem sågverk i Sverige samt bedriver en verksamhet för uppförande av trästommar. Under 2024 levererades 1,3 miljoner m sågade trävaror.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Avkastning på sysselsatt kapital, % - - Operativa tillgångar -615 Operativa skulder -2 220 -338 -720 -2 010 -1 082 -5 755 Uppskjuten skatt, netto -12 016 -522 -156 -1 210 - -13 856 -22 - Förvärv av anläggningstillgångar - Extern nettoomsättning per marknad Sverige - - Storbritannien - - - - Tyskland - - - - Frankrike - - - - Italien - - - - - - - Asien - - - - - - - - Summa - - Affärsområde Skog ansvarar för koncernens skogar på drygt en miljon hektar och den årliga skörden av egen skog uppgår normalt till 2,8 miljoner m fub. Affärsområdet ansvarar även för koncernens virkesförsörjning i Sverige.”

Annual report 2024A · The company itself

Home Depot (The)Sector unknown

Driver · mixed effect · strength 2/3

“Rapid and significant changes in commodity and other prices, such as changes in lumber prices, and our ability to pass them on to our customers or manage them through our portfolio strategy, may be limited by the competitive environment in which we operate, and may affect the demand for our products, our sales and our profit margins.”

Annual report 2026A · The company itself

Input · weakens · strength 3/3

“Prices of certain commodity products, including lumber and other raw materials, are historically volatile and are subject to fluctuations arising from changes in domestic and international supply and demand, inflationary or deflationary pressures, labor costs, competition, market speculation, government regulations, tariffs and trade restrictions (including retaliatory tariffs), changes in trade and other policies of the U.S. and other countries, natural disasters, geopolitical tensions or conflicts, military conflicts or acts of war, and periodic delays in delivery.”

Annual report 2026A · The company itself

Input · weakens · strength 2/3

“Under our standard supplier buying agreements, our suppliers must comply with our responsible sourcing standards, which cover a variety of expectations across multiple areas, including supply chain transparency, health and safety, environmental laws and regulations, compensation, hours of work, and prohibitions on child and forced labor. Further, suppliers must comply with Company policies and applicable law, including applicable laws governing the sourcing of raw materials, such as timber and minerals, used in our products.”

Annual report 2026A · The company itself

International PaperSector unknown

Input · weakens · strength 3/3

“Raw materials essential to our businesses include wood fiber, mainly purchased in the form of pulpwood, wood chips and old corrugated containers ("OCC"), and certain chemicals, including caustic soda, starch and adhesives.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“The market price of virgin wood fiber varies based on availability, demand, quality, and source.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Vi bygger Svanenmärkta hus i svenskt trä, ett förnybart material som används effektivt i en industriell process. Genom att ta ansvar för hela kedjan – från naturens egen råvara till färdig bostad – blir vi Det gröna fastighetsbolaget, en position vi är stolta över att förvalta och utveckla.”

Annual report 2024A · The company itself

Input · weakens · strength 1/3

“Varmare temperaturer kan medföra ökad risk för skadedjur och påverka kostnaden för råvara (trä).”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Råvarutillgång för trä ändras på grund av ökad:  benägenhet för skadedjursangrepp  risk för skogsbrand  konkurrens om trä som råvara, även från andra branscher Elbrist medför påverkan på driftssäkerhet i produktion.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“K2A bygger flerbostadshus med närproducerat och certifierat svenskt trä som huvudsakligt byggmaterial för att lämna ett så litet klimatavtryck som möjligt.”

Annual report 2024A · The company itself

Koskisen OyjSector unknown

Driver · weakens · strength 3/3

“Regulatory risks related to the preservation of carbon sinks (transition risks) – harvesting restrictions Upstream Koskisen’s manufacturing operations (panel and sawmill industries) are highly dependent on wood raw material. EU and national legislation is expected to impose long-term restrictions on harvesting (e.g., to meet the climate targets set out in Finland’s Climate Act). Any disruptions in the availability, price, or quality of wood raw material would likely have a broad impact on operational cash flows and the value of assets.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Impacts on the extent and condition of ecosystems Regulatory risks related to biodiversity preservation (transition risks) – restrictions on the use of natural resources Upstream Koskisen’s manufacturing operations (panel and sawmill industries) are highly dependent on wood raw material. The decline in biodiversity may lead to regulatory restrictions at the EU or national level regarding the use of natural resources. Disruptions in the availability, price, or quality of wood raw material would likely have broad impacts on the company’s cash flows and asset values.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“EU and national policy changes can significantly limit the supply of wood and lead to a decrease in production volumes. Tighter regulation of carbon dioxide emissions will increase costs throughout the value chain.”

Annual report 2025A · The company itself

Driver · weakens · strength 3/3

“Voluntary conservation measures related to biodiversity protection, stricter certification criteria or increasing sustainability requirements from customers may limit the forest area available for commercial use and thereby reduce the availability of wood raw material. Koskisen manages this risk through diversified procurement and long-term supplier relationships.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“The acquisition supports both objectives: it directly increases the Sawn Timber Industry’s net sales by approximately one third and, at the same time, secures the availability of raw material and enables organic growth in the Panel Industry.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“By increasing sawing volumes, we ensure the availability of wood raw material also for the needs of the Panel Industry through increasing wood procurement volumes and production side streams o.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Risks related to the physical impacts of climate change may disrupt the availability of raw materials Upstream Koskisen’s manufacturing operations (panel and sawmill industries) are highly dependent on wood raw material. Climate change may have adverse effects on forest growth and health due to rising average temperatures. These effects may include forest damage, wildfires, storms, compacted snow, reduced forest growth, warmer winters, and increased vulnerabilities. Disruptions in the availability, price, or quality of wood raw material would likely have wide-ranging impacts on operational cash flows and asset values.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Resource depletion risks concerning critical inputs, such as wood, water, adhesives, coatings, metals, and plastics Financial risk All time horizons Upstream Koskisen’s manufacturing operations (panel, sawmill, and housing industries) are highly dependent on wood raw material and a range of other resources. Over the long term, resource depletion may lead to the scarcity of certain inputs, which in turn can affect both prices and availability.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Koskisen’s most significant short-term physical risks are related to sudden weatherrelated events and their effects on the availability of wood raw material. Acute climate change-related events can reduce the duration of the soil frost period and make harvesting more difficult. This has a direct impact on the availability of wood and increases costs.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“In the medium term, the chronic physical changes caused by climate change are emphasised. High temperatures and drought cause slow growth and forest damage, which affects the availability and quality of wood. These factors increase the price of wood raw material and reduce profitability.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“In addition, the loss of biodiversity accelerated by climate change affects the natural ability of forests to fight diseases and pests, which can lead to a reduction in the amount of wood.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“In the long term, extreme weather events such as storms, cyclones and floods, which affect the availability and price of wood raw material, emerge as the most significant risk. These events can have a significant impact on costs and profitability over the longer term.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“At the same time, climate change mitigation and the protection of biodiversity are becoming increasingly important themes in forest management, which can affect the willingness of forest owners to sell timber and thus weaken the availability of raw materials.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“The renewable main raw material, wood, provides a sustainable basis for Koskisen Corporation Report of the Board of Directors and Financial Statements 2025 | 69 business.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“The resilience analysis identified the following risks: • Availability of raw materials: the greatest risk of the strategy is seen as the decline of biodiversity, which has a direct impact on the availability of raw materials.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Short-term risks highlight fluctuations in raw material prices, which may be caused by, for example, increased unpredictability of weather phenomena. In addition, in the short term, potential regulatory changes, such as immediate additional restrictions on the use of natural resources, may be significant.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Koskisen’s most important resource inflows are wood, the main raw material used in manufacturing, and other raw materials and packaging materials.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Koskisen invests in product development and new innovation in the field of low-carbon solutions, actively develops forest management methods and strengthens cooperation with forest owners. From the point of view of the continuity of operations, it is essential to ensure wood procurement that considers biodiversity to secure the supply of raw materials in the future.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“The Sawn Timber Industry segment’s revenue amounted to EUR 203.9 (139.7) million and EBITDA to EUR 14.3 (7.2) million.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“The Panel Industry segment’s revenue amounted to EUR 150.9 (142.4) million and EBITDA to EUR 15.7 (17.7) million.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“The most significant opportunities in the downstream value chain are the increased use of wood products in construction and as a carbon sink in the medium and long term.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“The development of new innovative products helps reduce the carbon footprint and offers significant growth opportunities.”

Annual report 2025A · The company itself

Lowe'sSector unknown

Driver · weakens · strength 2/3

“Rapid and significant changes in commodity and other prices, such as changes in lumber prices, and our ability to pass them on to our customers or manage them through our portfolio strategy, have affected, and may continue to affect, the demand for our products and our sales.”

Annual report 2026A · The company itself

Input · weakens · strength 3/3

“The inflation or deflation of commodity and other prices could affect our prices, demand for our products, and our sales. Prices of certain commodity products, including lumber, copper, energy, and other raw materials, are historically volatile and are subject to fluctuations arising from changes in domestic and international supply and demand, inflationary pressures, labor costs, competition, market speculation, government regulations, tariffs and trade restrictions, and periodic delays in delivery.”

Annual report 2026A · The company itself

Metsä Board OyjSector unknown

Input · weakens · strength 3/3

“In addition, high wood raw material costs particularly weakened the competitiveness of Nordic operators.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“In addition, the competitiveness of European producers was impacted by the high price of wood fibre, which nevertheless turned into a clear decline after the summer.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“In addition, the competitiveness of European pulp producers was weakened by the continued high pulpwood price and the depreciation of the US dollar against the euro.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“In 2025, Metsä Group bought around 30 million cubic metres of wood.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Chemicals costs decreased, while wood and logistics costs increased.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Wood costs were also higher than in the previous year.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“The end of Russian wood supply and increased energy use of pulpwood have tightened the wood market in recent years and raised price levels. Although raw wood prices began to decline in the summer of 2025, the cost level remains high. An increase in demand for wood or a decline in its availability could push prices up again, which would reduce profitability and jeopardise the continuity of production.”

Annual report 2025A · The company itself

NORSKE SKOG ASASector unknown

Driver · weakens · strength 2/3

“Energy prices decreased in 2024 but are still on a high level compared to historical averages. Cost of pulpwood has increased, but the prices are expected to remain stable at current level.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Operations: o All sites are linked to water use, wastewater discharge, and raw material harvesting, all of which affect local ecosystems. o Forest sourcing, governed by FSC/PEFC certifications, aims to mitigate environmental risks, though poor logging practices can cause habitat loss, species disruption, and soil degradation.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Integrate vertically within the entire value chain: Securing long-term competitiveness by controlling upstream (raw materials) and downstream (distribution) activities.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“The cost of raw materials, both pulpwood and recovered paper, have increased while energy costs decreased during 2024.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“The group Is also exposed to movements in the prices of key input factors such as energy, recovered paper, wood and chemicals.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Norske Skog is not vertically integrated into forest resources and must therefore source wood from third parties. The supply of wood is to a certain extent covered by medium to long-term contracts which reduce cost exposure and increase supply certainty.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Norske Skog has mills that are entirely dependent on sourcing of wood, which causes a risk due to possible future scarcity of forest resources. The availability may be affected by overexploitation due to high demand, deforestation issues, climate change, loss of biodiversity, erosion and high and volatile market price of wood.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“o Raw material harvesting: Although 95% of our wood fibre is certified by FSC and PEFC, sustainable sourcing practices are vital for ensuring the conservation of biodiversity, preventing deforestation, and protecting habitats.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Norske Skog’s mills are dependent on a consistent supply of wood. The availability of forest resources is threatened by overexploitation, deforestation, climate change, biodiversity loss, erosion, and fluctuating wood prices.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Risk factor 2: Dependency on natural resources: sourcing of wood (a) Key actions taken and planned for the future 1. Sustainable sourcing and certification: o Action taken: 95% of purchased fibre is certified through FSC and PEFC, ensuring that wood is sourced from responsibly managed forests.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Upstream and downstream: o Upstream: The sourcing of certified fibre (95%) helps reduce risks of deforestation and forest degradation.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“These materials are sourced through a combination of direct procurement from certified suppliers and the integration of secondary materials to support a circular economy. The group prioritises the use of certified wood, with 99% of roundwood fibres and sawmill chips originating from sustainably managed forests under FSC and PEFC certification schemes.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“The primary products of Norske Skog’s production processes are publication paper and packaging paper, both of which are designed with circularity in mind.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Fiber is the largest raw material cost to manufacture containerboard. We consume both virgin wood fiber and recycled fiber in our containerboard mills, and all of our fiber comes from renewable resources.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“The market price of wood fiber varies based upon availability, source, and the costs of fuels used in the harvesting and transportation of wood fiber. The cost and availability of wood fiber can also be impacted by weather, general logging conditions, geography, and regulatory activity.”

Annual report 2025A · The company itself

ROTTNEROS ABSector unknown

Driver · weakens · strength 3/3

“Sammantaget leder dessa faktorer till en ökad konkurrens om skogsråvaran och därmed stigande priser för Rottneros största insatsvara.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Virkesmarknaden fortsatt utmanande Marknaden för vedråvara fortsatte att vara rörlig och periodvis utmanande under 2024. Den starka efterfrågan innebar prisuppgångar. Konkurrensen om råvaran ökade främst som en följd av en växande användning inom energisektorn.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Högre försäljningspriser kompenserade inte för de ökade kostnaderna för vedråvaror.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Resultatutvecklingen under 2024 tyngdes av en fortsatt prisuppgång för vedråvaran och vissa väderrelaterade produktionsstörningar under det första kvartalet.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Förutsättningarna i vår bransch förändras I ett långsiktigt perspektiv är det uppenbart att förutsättningar i vår bransch förändrats tydligt under de senaste åren, inte minst genom att konkurrensen om vedråvaran har ökat. Bakom detta ligger bland annat samhällets självklara fokus på att motverka den globala uppvärmningen, vilket påverkar benägenheten att avverka.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Ytterligare en anledning är den ökade användningen av vedråvara för att producera energi.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Utöver dessa faktorer har Rysslands vedexport av naturliga skäl fallit bort och därmed reducerat utbudet på ved i Skandinavien.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Rekordstor prispremie för långfiber jämfört med kortfiber Prisskillnaden mellan den långfibriga kemiska massan som Rottneros producerar och den kortfibriga massan ökade till rekordnivåer under året. Den senare baseras till stor del på snabbväxande eukalyptusskog med låga produktionskostnader.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“INSATSVAROR ÖVERSIKT STRATEGI VERKSAMHETEN HÅLLBARHETSREDOVISNING ÅRSREDOVISNING ÖVRIGT Snabbfotad och effektiv organisation för försörjning av insatsvaror Vedråvaran är den insatsvara som väger klart tyngst för Rottneros. Försörjningen löpte på väl under 2024 trots en tidvis utmanande marknadsbalans, i likhet med föregående år. Koncernens nära och långsiktiga relationer med virkesleverantörerna är en avgörande framgångsfaktor.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Försörjningen av vedråvara Koncernen använde cirka 1,4 miljoner kubikmeter massaved och flis till den totala kostnaden av cirka 1 120 MSEK.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Vedråvaran är den klart viktigaste insatsvaran för Rottneros och utgör omkring 70 procent av koncernens rörliga kostnader.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Ökningen i rörliga kostnader gäller främst vedråvara. Priset på timmer och massaved har stigit markant under de senaste två åren.”

Annual report 2024A · The company itself

Sanoma OyjSector unknown

Driver · weakens · strength 3/3

“Sanoma has identified certain dependencies, which relate to the availability of paper and certified paper, posing a risk to Sanoma’s operations.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“The risk of potentially rising paper prices is mitigated by diversifying paper supply.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“In 2025, Sanoma purchased 37,504 tonnes of paper for its newspapers, magazines and books. Monitoring the volume of paper helps to decrease not only the resource use impacts, but also biodiversity and climate-related impacts associated with paper consumption.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“E5-4-30 Paper bought and used for products and share of certified paper fibre 2025 2024 Overall total weight of paper used by Sanoma for own printing houses (newspapers) and for printed products production (magazines and books), tonnes 37,504 43,430 Share of certified paper fibre in paper bought % 100% 98% Reporting follows Sanoma’s financial accounting rules.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“In its newspapers, magazines and books, Sanoma prefers paper originating from certified and sustainably managed forests, i.e., from traceable, verified and legal sources. As part of the annual negotiations with the suppliers, information on the certification of the paper is evaluated.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Sanoma also engages with its suppliers, such as paper and print suppliers, to ensure the implementation of its climate transition plan.”

Annual report 2025A · The company itself

Smurfit WestrockSector unknown

Input · weakens · strength 3/3

“In addition, one of our key raw materials is virgin wood fiber, the availability of which is dependent on access to and the maintenance of healthy forests, which could be impacted by adverse weather conditions, including drought, flooding and local restrictions on water usage. Moreover, the ability to harvest the virgin wood fiber used in our manufacturing operations may be limited, and prices for this raw material may fluctuate, during prolonged periods of heavy rain or drought or during tree disease or insect epidemics or other environmental conditions that may be caused by variations in climate conditions.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Smurfit Westrock is exposed to commodity price risks through its dependence on recovered paper, the principal raw material used in the manufacture of recycled containerboard and virgin fiber which is the principal raw material that Smurfit Westrock uses in the production of a portion of the Company’s containerboard, bleached paperboard and market pulp.”

Annual report 2025A · The company itself

Stora Enso OyjSector unknown

Driver · strengthens · strength 2/3

“Forest-segmentin liikevaihto kasvoi 14 % ja oli 3 212 (2 827) milj. euroa, korkeampien myyntihintojen ja kasvaneen kysynnän vuoksi.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Puun hinnat jatkoivat nousuaan ja pysyivät korkeina koko vuoden ajan, mikä lisäsi kustannuspaineita erityisesti Suomessa ja Ruotsissa.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Hankinta Raaka-aineiden nousevat hinnat ja materiaalien, tuotteiden ja palvelujen saatavuus voivat vaikuttaa haitallisesti Stora Enson kannattavuuteen. On ensiarvoisen tärkeää taata yhteys luotettaviin ja kilpailukykyisiin toimittajiin sekä hallinnoida kustannuksia ja tuottavuutta proaktiivisesti.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Tiukat puumarkkinat, erityisesti Pohjoismaissa, voivat aiheuttaa kasvavia kustannuksia, rajoittaa hakkuita tai aiheuttaa häiriöitä, kuten viivästyksiä ja/tai peruuntumisia konsernin tuotantolaitosten puuntoimituksissa.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Yhtiö hankkii puuta sekä omista että ulkoisista lähteistä ja valmistaa siitä erilaisia puupohjaisia tuotteita ja materiaaleja.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Vastatakseen riskiin, joka liittyy riippuvuuteen tuotantoketjun alkupään arvoketjusta raaka-aineiden osalta, Stora Enso hankki 100 %:n osuuden suomalaisesta sahayhtiöstä Junnikkala Oy:stä. Hankitut sahat integroidaan Stora Enson Oulun pakkauskartonkitehtaaseen ja ne varmistavat tehtaan kustannustehokkaan puunhankinnan.”

Annual report 2025A · The company itself

Input · weakens · strength 3/3

“Yhtiön kuitupohjaiset tuotteet ovat peräisin uusiutuvista luonnonvaroista, pääasiassa kestävästi hoidetuista metsistä peräisin olevista puukuiduista. Vuonna 2025 sisäänvirtaavista materiaaleista 93 % (93 %) oli biologisia: puuta, ostettua sellua, paperia ja kartonkia sekä tärkkelystä.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Kolmannen osapuolen sertifioiman puun osuus Stora Enson koko puunhankinnasta oli 84 % (85 %) mikä tarkoittaa että vuonna 2025 käytettiin yhteensä 76 % (77 %) kestävästi hankittuja biologisia materiaaleja tuotteiden valmistamiseen.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Stora Ensolla on pitkäaikaisia puunhankintasopimuksia Tornator-konsernin kanssa. Puuta ostetaan markkinahinnoin ja vuonna 2025 hankinnat olivat 3 (3) milj. kuutiometriä puuta, arvoltaan 192 (167) milj. euroa.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Marraskuussa Stora Enson hallitus hyväksyi suunnitelman Stora Enson Ruotsin metsäomaisuuden eriyttämisestä uudeksi pörssiyhtiöksi vuonna 2027. Tämä luo Euroopan suurimman listatun, puhtaasti metsään keskittyvän yrityksen.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Käynnissä olevalla prosessilla, jossa konsernin metsävarat eriytetään uuteen pörssiyhtiöön, Stora Enso vahvistaa asemaansa maailmanlaajuisena johtajana uusiutuvissa materiaaleissa.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Sahayhtiö Junnikkala Oy:n osto saatiin päätökseen toukokuussa. Kauppa varmistaa kustannustehokkaan puuntoimituksen Stora Enson pakkauskartonkitehtaalle Oulussa ja tukee konsernin puutuoteliiketoimintaa uusilla tuotantolaitoksilla.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“Vuonna 2025 Stora Enso ja SESOM 2 solmivat 15-vuotisen puun toimitussopimuksen, jota on mahdollista jatkaa vielä 15 vuodella. Tämä turvaa puun saatavuuden Stora Enson ruotsalaisille liiketoimintayksiköille.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Tilintarkastamaton 10 Wood Products Wood Products on Euroopan suurin sahatavaran valmistaja ja johtava vastuullisten puupohjaisten ratkaisujen tarjoaja rakennusalalle maailmanlaajuisesti. Se valmistaa rakennusteollisuudelle uusiutuvia ja vähähiilisiä puupohjaisia ratkaisuja, jotka auttavat vähentämään rakennetun ympäristön hiilidioksidipäästöjä.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Forest Forest vastaa puunhankinnasta Stora Enson Pohjoismaiden ja Baltian toiminnoille ja yritysasiakkaille. Se myös hallinnoi konsernin metsäomaisuutta yhteisyrityksissä.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Lisäksi tuoteportfolioon kuuluivat biomateriaalit (sellu ja biopohjaiset ratkaisut), puutuotteet sekä rakennusratkaisut.”

Annual report 2025A · The company itself

Suominen OyjSector unknown

Input · weakens · strength 3/3

“The majority of our raw material suppliers provide fossiland/or plant-based raw materials for production.”

Annual report 2025A · The company itself

Svedbergs Group ABSector unknown

Driver · weakens · strength 2/3

“Risker U E Tvister om vilka effekter utvinningen av råvaror som trä och metaller har på den biologiska mångfalden kan leda till ett skadat rykte och i förlängningen minskad försäljning, liksom svårigheter att rekrytera arbetskraft.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Risker och möjligheter för Svedbergs Group På kort, medellång och lång sikt kan minskad biologisk mångfald resultera i ökade kostnader eller brister i tillgång till specifika produkter.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Svedbergs Groups påverkan på biologisk mångfald och ekosystem rör huvudsakligen aspekter relaterade till avskogning. Skogar spelar en avgörande roll i kampen mot klimatförändringar och fungerar därutöver även som livsmiljö för ett stort antal arter. Som en stor inköpare av träråvara och färdiga produkter baserade på trä har Svedbergs Group ett särskilt ansvar för att begränsa och minimera negativ påverkan.”

Annual report 2024A · The company itself

Input · weakens · strength 3/3

“Påverkan i värdekedjan Policyer med bäring på biologisk mångfald och ekosystem Biodiversity & Timber Policy Mål Varumärkesbolagen inom Svedbergs Group köper in råvara och färdiga produkter bestående av bland annat trä, keramik och metall, där trä står för den största andelen av den totala mängden material i koncernens produkter.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Den kommuniceras och finns tillgänglig för alla relevanta intressenter via lämpliga kanaler (intranät, webbplats, etc) 100 procent av all träråvara ska vara certifierad enligt hållbara skogsbruksstandarder. Målet omfattar alla europeiska Tier 1 timmer- och produktleverantörer.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Med minskad biologisk mångfald påverkas viktiga ekosystemtjänster, Strategi och åtgärder All träråvara som används i Svedbergs Groups egna produkter ska senast 2030 komma från ansvarsfullt brukade skogar. All inköpt träråvara ska då omfattas av spårbarhetsregler och uppfyller som lägst kraven i FSCs standard för Controlled Wood, FSC CW. Det innebär att råvaran inte får komma från kontroversiella källor, vilket bland annat omfattar skogar som avverkats olagligt, skogar med höga bevarandevärden, där dessa värden hotas av skogsbruk och skogsbruk där urfolks rätt eller mänskliga rättigheter kränks.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Årliga riskbedömningar, inklusive uppföljning Svedbergs Group genomför årliga riskbedömningar för att analysera leverantörskedjan, identifiera och hantera risker kopplade till förlust av biologisk mångfald, avskogning och bredare miljöpåverkan. Denna process bidrar till att säkerställa ansvarsfulla inköp, skydda ekosystem och främja hållbara affärsprinciper.”

Annual report 2024A · The company itself

UPM-KYMMENE OYJSector unknown

Input · weakens · strength 3/3

“Fluctuations in the prices of major inputs as well as changes in their availability The main inputs required in the manufacturing of UPM’s products are wood, fibre, chemicals, energy and water.”

Annual report 2025A · The company itself

WelltowerSector unknown

Input · weakens · strength 3/3

“Our development, redevelopment and construction projects are vulnerable to the impact and have been impacted by material shortages, labor availability and rates, price volatility and inflation. For example, shortages and fluctuations in the price of lumber, electrical equipment or in other important raw materials have resulted in and could continue to result in delays in the start or completion of, or increase the cost of, developing one or more of our projects.”

Annual report 2025A · The company itself

AFRY ABSector unknown

Driver · weakens · strength 2/3

“Marknaden var sammantaget mindre gynnsam jämfört med föregående år, där en stark efterfrågan inom energisektorn uppvägde för lägre volymer inom områden som fastighetssegmentet och papper & massa.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“I processindustrin som helhet rankas AFRY som nummer fem, med höga placeringar inom kemikalier och stål.¹ Efterfrågan på marknaden har sammantaget varit på en måttlig nivå, efter ett utmanande år med väntande investeringsbeslut för stora projekt, särskilt inom papper och massa.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Prioriteringar – Växa inom segment där vi kan ta ledande positioner – Stärka vår förmåga att leverera större gröna capex-projekt – Sträva efter ledarskap inom marknadstrender, teknologi och innovation Detta strategiska område omfattar främst divisionerna Process Industries, Energy och Management Consulting.”

Annual report 2024A · The company itself

Berkshire HathawaySector unknown

Input · weakens · strength 2/3

“Access to key housing inputs, including lumber, oriented strand board, steel and resin products, was adequate in 2025.”

Annual report unknown yearA · The company itself

Brown–FormanSector unknown

Input · weakens · strength 2/3

“None of these raw materials are currently in short supply, but shortages could occur in the future. From time to time, our agricultural ingredients (agave, barley, corn, malted barley, molasses, rye, sugar, and wood) could be adversely affected by weather and other forces out of our control that might constrain supply or reduce our inventory below desired levels for optimum production.”

Annual report unknown yearA · The company itself

Input · weakens · strength 2/3

“Likewise, we source our oak barrels, in which we age our American whiskey, from an external supplier.”

Annual report unknown yearA · The company itself

Input · weakens · strength 1/3

“Our most significant commodities exposures include natural gas, wood, corn, malted barley, aluminum, agave, and rye.”

Annual report unknown yearA · The company itself

BYGGMA ASASector unknown

Input · weakens · strength 2/3

“Investeringen er også risikoavlastende for Forestia fordi den gjør oss mindre avhengig av råstoff forsyninger fra sagbrukene. Det er nå iverksatt gode prosesser mot leverandørene av råstoff for å få gode, stabile og lange forsyningsavtaler til prosjektet.”

Annual report 2024A · The company itself

Concejo AB (publ)Sector unknown

Market · strengthens · strength 2/3

“ENVIGAS AB Envigas, grundat 2013, är ett svenskt Clean-Tech-företag som genom en termokemisk process producerar biokol, bioolja och biogas baserat på bi-produkter från skogsindustrin som på ett förnyelsebart sätt kan ersätta fossila insatsvaror inom olika industrier.”

Annual report 2024A · The company itself

CSX CorporationSector unknown

Market · strengthens · strength 2/3

“The Company’s merchandise business is comprised of shipments in the following diverse markets: chemicals, agricultural and food products, automotive, minerals, forest products, metals and equipment, and fertilizers.”

Annual report 2025A · The company itself

Elanders ABSector unknown

Driver · weakens · strength 2/3

“The market is also impacted by increased regulation and environmental requirements, such as the EU Deforestation Regulation (EUDR) which places high demands on companies trading with products originating from the forest to show sustainable due diligence in their operations and value chains.”

Annual report 2024A · The company itself

ELKEM ASASector unknown

Input · weakens · strength 2/3

“Raw material sourcing : Elkem sources high-quality raw materials such as quartz, coal, and wood, which are essential for producing silicon and its derivatives.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Market Medium Medium Medium Elkem faces the potential risk of increased cost of lower emitting raw materials, such as certified biocarbon, l wer emitting coal and iron, due to increased demand (i.e. biocarbon) and increased competition among companies compete for the same resources.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Elkem has increased its use of biocarbon as a reduction agent in the silicon production to 24 per cent.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Elkem sources materials such as wood, wood waste, and other biocarbon (e.g. charcoal) for use as chemical components in the production of silicon and silicon alloys.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Potential Yes No Negative Medium Medium VC Elkem prioritises sourcing certified aw materials, including biocarbon, to support sustainable practices. As an example, 100 per cent of the biocarbon was verified as deforestation-free, contributing to the protection of indigenous peoples and other a ff ected communities.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“To achieve this, Elkem is developing a new industrial process for biobased materials, specificall tailor-made for silicon and ferrosilicon production processes.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Biocarbon We are dedicated to exploring the integration of biobased materials into our production processes, which can reduce the dependence on fini e raw materials.”

Annual report 2024A · The company itself

ELOPAK ASASector unknown

Input · weakens · strength 2/3

“We use Raw material Certified raw materials‌ 1 Energy 100% renewable electricity Knowledge Highly skilled people Infrastructure 34 locations and 12 manufacturing plants 1 FSC ® certified paperboard. ISCC+ certified renewable polymers. ASI certified aluminium.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Elopak has obligations in cooperation with ACE (The Alliance for Beverage Cartons) in which its members have committed to sourcing raw materials only from sustainably managed forests by ensuring 100% chain-of-custody certification.”

Annual report 2024A · The company itself

Fastighets AB BalderSector unknown

Input · weakens · strength 2/3

“De huvudsakliga resursinflödena uppkommer i samband med nyproduktion och innehåller diverse byggmaterial, däribland betong, cement, trä och stål.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Gabriels produkter er anerkendt for at være innovative og af høj kvalitet med indbygget markedsledende tilgang til bæredygtighed.”

Annual report 2025A · The company itself

GYLDENDAL ASASector unknown

Input · weakens · strength 2/3

“Vi har også en internasjonal leverandørkjede hvor det er potensiell risiko for brudd på menneske- og arbeidsrettigheter (S2). Leverandørkjeden består av leverandører hvor trykkeritjenester, distribusjon og bøker og varer for videresalg utgjør hovedandelen, i tillegg til tjenester tilknyttet IT og markedsføring.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Innkjøp av Gyldendals egenproduserte bøker kommer i all hovedsak (over 98 %) fra trykkerier som ligger i Europa (Norge, Estland, Litauen, Latvia og Polen).”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Vår virksomhet er direkte knyttet til tilgang på kvalitetsinnhold, ettersom vår kjernevirksomhet omfatter produksjon og distribusjon av blant annet litteratur og utdanningsmateriell.”

Annual report 2024A · The company itself

Huhtamäki OyjSector unknown

Input · weakens · strength 2/3

“During 2025, most raw material prices did not change materially. Prices for paperboard remained close to the level seen in 2024, plastics and virgin fiber prices decreased somewhat while recycled paper prices increased.”

Annual report 2025A · The company itself

Input · weakens · strength 1/3

“The prices of recycled fiber increased compared to 2024.”

Annual report 2025A · The company itself

HusCompagniet A/SConstruction

Input · weakens · strength 2/3

“We manufacture our own wooden elements enabling B2B scalability”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“The guidance assumes no severe disruption of supply chains or raw material prices significantly exceeding current levels.”

Annual report 2025A · The company itself

Image Systems ABSector unknown

Driver · strengthens · strength 2/3

“Sågverksmarknaden har under året återhämtat sig till en del vilket resulterat i förbättrad orderingång för RemaSawco till 165,9 Mkr (110,6), en ökning om 50%.”

Annual report 2024A · The company itself

Driver · strengthens · strength 2/3

“Vi tror att sågverken även under 2025 kommer att modernisera sina anläggningar och allt fler väljer RemaSawco som leverantör.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Viss osäkerhet kvarstår, såsom begränsad tillgång till råvara, höga råvarupriser och låg efterfrågan på sågade trävaror men IMAGE SYSTEMS ÅRSREDOVISNING 2024 7 EN KONCERN MED GLOBAL NÄRVARO Sverige, HQ Finland Norge Frankrike USA Israel Kina Image Systems är en global koncern.”

Annual report 2024A · The company itself

Driver · weakens · strength 2/3

“Råvarubristen och de fortsatt höga råvarupriserna skapar nya marknadskrav och ett ökat behov av optimering i tillverkningsprocessen.”

Annual report 2024A · The company itself

JEUDAN A/SReal estate

Input · weakens · strength 2/3

“Det er herfra, Jeudan får de materialer og produkter, som skal bruges til at renovere og vedligeholde ejendommene i porteføljen. Indkøbet består primært af byggematerialer, herunder et større udvalg af træ-, el- og vvs-varer, belysning, maling, lim, fuge, beton, sand, sten, værktøj og artikler til renhold samt interiør i form af køkkener og møbler, herunder stole, borde, anden indretning mv.”

Annual report 2025A · The company itself

KID ASASector unknown

Input · weakens · strength 2/3

“An estimated 60% of the wood and paper are FSC certified, with the goal of 100% by 2025.”

Annual report 2024A · The company itself

Market · strengthens · strength 2/3

“Wood and Paper: The use of wood has significantly increased in the last three years, since Kid started selling big furniture.”

Annual report 2024A · The company itself

Kimco RealtySector unknown

Input · weakens · strength 2/3

“In addition, international trade disputes, including those related to tariffs, have resulted and in the future could result in inflationary pressures that directly impact our costs, such as costs for steel, lumber and other materials applicable to our redevelopment projects.”

Annual report 2025A · The company itself

KONGSBERG GRUPPEN ASASector unknown

Input · weakens · strength 2/3

“Vi benytter plast, papir, papp og tre til emballasje, både for innkommende og utgående varer, noe som kan føre til miljøutfordringer.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Inköp av material utgör en betydande del av den totala produktkostnaden. Genom koordinering av inköpsprocessen kan betydande skalfördelar uppnås.”

Annual report 2024A · The company itself

Luotea OyjSector unknown

Strategy · strengthens · strength 2/3

“Kuormalavaliiketoimintaan tehtyjen investointien lisäksi, yhtiöllä oli käynnissä hankkeita joissa kehitetään puun kierrätysratkaisuja ja yhtiö on tutkinut kierrätyspuun hyödyntämistä biohiilen valmistuksessa.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Luotean lopetettuihin toimintoihin kuuluu omia jätteen esikäsittelylaitoksia, joissa käsitellään eri jätejakeita kuten kuituja, puujätettä, laseja ja metalleja sekä käsittelylaitoksia, joissa valmistetaan uusioraaka-aineita, kuten muovigranuulia. Ympäristörakentamisen liiketoiminnassa puhdistetaan asiakaskohteiden pilaantuneita maamassoja.”

Annual report 2025A · The company itself

Driver · weakens · strength 2/3

“Den konsumentdrivna tillväxten i världens ekonomier var under fortsatt press, vilket dämpade efterfrågan inom fordonsrespektive trävaruindustrin där divisionen har stor exponering.”

Annual report 2024A · The company itself

News Corp (Class A)Sector unknown

Input · weakens · strength 2/3

“Raw Materials As a major publisher of newspapers, magazines and books, the Company utilizes substantial quantities of various types of paper. In order to obtain the best available prices, substantially all of the Company’s paper purchasing is done on a regional, volume purchase basis, and draws upon major paper manufacturing countries around the world. The Company believes that under present market conditions, its sources of paper supply used in its publishing activities are adequate.”

Annual report 2026A · The company itself

Peab ABSector unknown

Input · weakens · strength 2/3

“Ett led i det är vårt fokus på insatsvaror, där vi har kommit långt. Insatsmaterial, markberedning, grundläggning, prefabricerade byggelement och stommar är exempel på ingående delar oavsett vad som ska byggas.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Exempelvis är stationshusets stomme och bjälklag till största delen av trä och fasaden byggs med återbrukat tegel. ECO-Betong, återvunnet stål och andra material med lägre klimatpåverkan används i så stor utsträckning som möjligt.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Klima versus naturafvejningen ved brug af træ og biogene materialer Fysisk/transitionel Træ bliver ofte anset som et lavemissionsmateriale for byggeri, men afhængigheden af certificerede, bæredygtigt forvaltede skove vokser. Strammere EU-regulering, biodiversitetsbeskyttelse og klimakrav kan øge de juridiske, omdømmemæssige og driftsmæssige risici.”

Annual report 2025A · The company itself

Procter & GambleSector unknown

Input · weakens · strength 2/3

“Our costs are subject to fluctuations, particularly due to changes in the prices of commodities (including certain petroleum-derived materials like resins and paper-based materials like pulp), raw and packaging materials and the costs of labor, tariffs, transportation (including trucks and containers), energy, pensions and healthcare.”

Annual report 2026A · The company itself

Public StorageSector unknown

Input · weakens · strength 2/3

“International trade disputes, including threatened or implemented tariffs imposed by the U.S. and threatened or implemented tariffs imposed by foreign countries in retaliation, could result in inflationary pressures that directly impact our costs, such as costs for steel, lumber and other materials applicable to our development and redevelopment projects.”

Annual report 2025A · The company itself

Rapala VMC OyjSector unknown

Input · weakens · strength 2/3

“Fluctuations in raw material prices, particularly metals, plastics and wood-based materials, may have a significant impact on costs and margins.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Inköpen består av en bred variation av produkter i material som textil, keramik, plast, järn, aluminium, glas och trä.”

Annual report 2024A · The company itself

Synsam AB (publ)Sector unknown

Strategy · strengthens · strength 2/3

“Sedan 2022 producerar Synsam egna bågar på Frösön utanför Östersund. Förutom att bidra till hållbarhet, gör den egna produktionen det också möjligt att erbjuda bågar som är anpassade för den nordiska marknaden.”

Annual report 2024A · The company itself

TCM Group A/SConsumer goods

Input · weakens · strength 2/3

“The Group relies on raw materials such as wood, steel, aluminium and plastics.”

Annual report 2025A · The company itself

United Bankers OyjSector unknown

Driver · strengthens · strength 2/3

“Suomen metsämarkkinoilla kehitys oli kokonaisuudessaan myönteistä. Puun hinnat pysyivät korkealla, ja lisäksi metsätilojen kauppamäärät sekä niiden hinnat nousivat ennätykselliselle tasolle.”

Annual report 2025A · The company itself

Driver · mixed effect · strength 2/3

“Metsätilamarkkina pysyi vuonna 2025 edelleen vilkkaana, mutta edellisvuosina nähty nopea hintojen nousu tasaantui puumarkkinan normalisoituessa. Hintakehitys heijasti markkinan paluuta tasapainoisempaan tilaan pikemminkin kuin kysynnän heikkenemistä. Puun hinnat laskivat vuoden aikana huipputasoiltaan, mutta kokonaiskuva säilyi vahvana.”

Annual report 2025A · The company itself

Driver · weakens · strength 1/3

“Epäsuosio heijastuu myös muihin epälikvideihin sijoituskohteisiin kuten metsään, vaikka metsäsijoitusten tuottokehitys on ollut hyvin myönteistä.”

Annual report 2025A · The company itself

Driver · strengthens · strength 2/3

“Metsä säilyy poikkeuksellisen vakaana reaaliomaisuussijoituksena epävarmassa markkinaympäristössä. Metsätilamarkkinoilla kysynnän ja tarjonnan odotetaan pysyvän tasapainossa, ja kaupankäynnin ennustetaan jatkuvan aktiivisena.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“United Bankers jatkoi kansainvälisen myynnin edistämistä painottaen etenkin metsäsijoittamisen ratkaisujaan. Metsän ja metsäsektorin arvoketjun ympärille rakentuva osaaminen on viime vuosien aikana noussut United Bankersin strategian keskeiseksi osa-alueeksi. Kansainvälisillä markkinoilla yhtiö luetaankin Euroopan merkittävimpien metsäomaisuudenhoitajien joukkoon.”

Annual report 2025A · The company itself

Strategy · strengthens · strength 2/3

“United Bankers uskoo myös osaamisensa keskiössä olevien reaaliomaisuusrahastojen tulevaisuuden potentiaaliin.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“United Bankers on varainhoitoliiketoiminnassaan erikoistunut reaaliomaisuussijoittamisen ratkaisuihin. Metsään, kiinteistöihin ja infrastruktuuriin sijoittavat rahastot muodostavat merkittävän osan yhtiön hallinnoitavista varoista, palkkiotuotoista ja kasvupotentiaalista.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“united bankersin vuosi vastuullisuus united bankersilla konsernitilinpäätös hallinnointi sijoittajille Liiketoiminnat Varainhoitoliiketoiminta United Bankersin varainhoitoliiketoimintaan kuuluvat rahastot, omaisuudenhoito ja strukturoidut sijoitustuotteet, ja se on reaaliomaisuussijoitusten edelläkävijä pohjoismaisilla markkinoilla.”

Annual report 2025A · The company itself

Market · strengthens · strength 2/3

“Metsäsijoitukset ovat tarjonneet kilpailukykyistä ja erittäin vakaata tuottoa viime vuosien vaihtelevissa mark- 4242 united bankersin vuosi vastuullisuus united bankersilla konsernitilinpäätös hallinnointi sijoittajille kinaolosuhteissa.”

Annual report 2025A · The company itself

Veidekke ASASector unknown

Input · weakens · strength 2/3

“Veidekkes samarbeidspartnere innenfor byggevarer har policy om å source sertifisert trevirke.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Veidekke har kartlagt sitt vesentlige materialforbruk ut fra kriterier som store mengder (i NOK, spend), vesentlige klimagassutslipp (CO e), kritiske råmaterialer, som f.eks. trevirke, produkter med sjeldne jordarter (Rare Earth Elements – REE) samt materialer som ifølge policy og mål er vesentlige for virksomhetens bærekraftarbeid.”

Annual report 2024A · The company itself

Input · weakens · strength 2/3

“Veidekkes policy og konsernkrav mot avskoging adresserer målet om økt bruk av fornybare ressurser. Det innebærer å stille strenge krav ved kjøp av trevarer samt å styrke bevisstheten blant interessenter om konsekvenser av avskoging. Kjøp av tre baserte produkter og biobaserte drivstoffer skal oppfylle krav til 100 % tredjepartssertifiserte tre produkter innen 2025 (FSC-sertifikat prioriteres fremfor PEFC, SFI med CoC, CSA), 100 % sporbarhet innen 2025 samt 100 % bærekraftig biodrivstoff uten palmeolje.”

Annual report 2024A · The company itself

Input · weakens · strength 1/3

“Andelen materialer fra biologiske kilder som tre og pellets, er 3 %. I tillegg kommer en andel biodrivstoff.”

Annual report 2024A · The company itself

Strategy · strengthens · strength 2/3

“Fornybare ressurser og giftfrie, bio baserte og resirkulerbare materialer vil bli foretrukket.”

Annual report 2024A · The company itself

WEC Energy GroupSector unknown

Input · weakens · strength 2/3

“(6) WE has a biomass power plant that uses wood waste and wood shavings to produce electric power as well as steam to support the paper mill's operations. Fuel for the power plant is supplied by both the paper mill and through contracts with biomass suppliers.”

Annual report 2025A · The company itself

Input · weakens · strength 2/3

“Samtidigt håller vi oss uppdaterade när det kommer till utvecklingen av material, som är så viktig när det kommer till klimatpåverkan. Idag har grön betong lägre klimatpåverkan än grönt stål och sett till byggnadens hela livscykel är det ett bättre val än att bygga helt i trä.”

Annual report 2024A · The company itself

First SolarSector unknown

Input · weakens · strength 1/3

“Effective October 14, 2025, the U.S. President imposed tariffs of 10% on imported softwood timber and lumber products under Section 232.”

Annual report 2025A · The company itself

Input · weakens · strength 1/3

“För att visa vad som är möjligt har Swegon tagit fram ett GOLD luftbehandlingsaggregat i trä, som förstås är enklare att återvinna och minskar klimatpåverkan betydligt.”

Annual report 2024A · The company itself

Lifco AB (publ)Sector unknown

Input · weakens · strength 1/3

“Kartongmaterialet kommer från träd som bearbetats i massabruk.”

Annual report 2024A · The company itself

Outokumpu OyjSector unknown

Input · weakens · strength 1/3

“The biological materials used are packaging materials and biocoke, the biocoke is sustainably sourced and its´share of Total weight of products and materials is 0.06%.”

Annual report 2025A · The company itself

Trelleborg ABSector unknown

Input · weakens · strength 1/3

“Direktiv för naturgummi: Direktivet behandlar frågor rörande inköp av naturgummi med bäring på mänskliga rättigheter, arbetsförhållanden, cirkularitet, avfallsfrågor, biologisk mångfald, naturvård, antikorruption och utsatta befolkningsgrupper.”

Annual report 2024A · The company itself