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Holmen AB is a company based in Sweden that operates within the forestry industry. Its core business encompasses forest management, paperboard, paper products, and renewable energy. The company manages extensive forest resources, which serve as the foundation for its operations in producing sustainable paper and paperboard primarily used in packaging, publishing, and printing. Additionally, Holmen is involved in renewable energy generation, particularly focused on hydro and wind power. Holmen AB's headquarters are located in Stockholm, Sweden. The company’s strategic positioning is strengthened by its integration of sustainable practices and its substantial forest holdings, which support its production and energy ventures.

BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual-listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore US oil and gas assets were sold in 2018, and the remaining petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. It purchased copper miner Oz Minerals in fiscal 2023 and half of the Vicuña copper joint venture in fiscal 2025. It is entering the potash market through the development of its Jansen project in Canada. However, due to low prices, BHP placed its nickel business on care and maintenance in 2024.