The Navigator Company has announced a €158m investment to achieve carbon neutrality by 2035 by giving all of its industrial complexes a net zero carbon footprint. In view of the European Union’s goal for Europe to have net zero CO2 emissions by 2050 and given Portugal’s commitment to achieve this target by this same date, The Navigator Company said it has decided to meet these goals 15 years earlier.
The company has created its own carbon neutrality roadmap, with a set of investments in renewable energies and new technologies to reduce CO2 emissions and plant forests in a way that offsets those emissions which cannot be fully eliminated.
The forests managed by the Navigator Company in Portugal have a carbon stock – not including carbon in the soil – equivalent to 5.4m tonnes of CO2.
The Navigator Company is an integrated producer of forests, pulp and paper, tissue and energy.