Navigator Invests €164 Million in Sustainable Future, Targets Decarbonization and Circular Economy
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The Navigator Company has committed to a sustainable future with a substantial investment in ESG (Environmental, Social, Governance) projects totaling 164 million euros over the past 18 months.
This investment, highlighted on Earth Overshoot Day, focuses on decarbonization, modernizing equipment, and improving efficiency. Key initiatives include a new Recovery Boiler in Setúbal, a biomass Lime Kiln in Figueira da Foz, and a Photovoltaic Plant in Figueira da Foz, aiming to significantly reduce carbon dioxide emissions.
Additionally, Navigator is advancing sustainable packaging solutions, including the gKraft™ brand, which focuses on renewable, biodegradable, and recyclable products. The company is also set to launch an integrated production line for eucalyptus molded cellulose parts to replace single-use plastics in food packaging.
Navigator's efforts have earned it recognition as the most sustainable forestry company globally, topping the ESG Risk Ratings in the Paper & Forestry industry. The company's sustainability initiatives include significant investments in energy efficiency, water conservation, and waste reduction. Navigator aims to achieve a 33% reduction in specific water use by 2030 and has made significant progress in reducing carbon emissions.
With an overarching goal to transition from a fossil-fuel-based economy to a circular bioeconomy, Navigator is investing heavily in sustainable solutions and products. The company, a major player in Portugal's economy, continues to expand its operations, including the acquisition of the Consumer Tissue business in Spain and the Accrol Group in the UK. Navigator's commitment to sustainability is also reflected in its high ratings from independent ESG assessments, including a top ranking by Sustainalytics and an "A" rating by MSCI ESG Ratings.
