The Navigator Company is the first Portuguese company – and one of the first worldwide – to take on the commitment of achieving carbon neutrality 15 years early, by giving all of its industrial complexes a net zero carbon footprint by 2035. In order to achieve this mission, Navigator will be investing a total of Euro 158 million, as the company says in the press release received by Lesprom Network.
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 has decided to be even more ambitious by meeting these goals 15 years earlier. Given that the challenge of climate change is a priority, the Navigator Company has created its own carbon neutrality roadmap, with an ambitious 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 5.4 million tonnes of CO2. This is the same as the emissions that would be generated by 1.5 million cars travelling around the perimeter of the planet.
The Navigator Company, in its protected nature areas (around 11,000 hectares, more than 10% of the total area) protects a total of 235 species of fauna and 740 species of flora, numbers which have been growing, contrary to world trends where the number of protected species is dropping.
The Navigator Company is an integrated producer of forests, pulp and paper, tissue and energy.
