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European Climate Pact

Overview

Location

Finland

Sector

Paper & forestry

Organisation type
Business

Company Information

Stora Enso is a global manufacturer of pulp, paper and other forest products. Its main activity revolves around the production of packaging, biomaterials, wooden construction and paper solutions. The company is headquartered in Helsinki, Finland. In 2021, it reported a total of 23,071 employees and a revenue of 10.1 billion Euro.*

*Source

Our progress towards decarbonization

 

GHG Emissions

North Star

  • Stora Enso Oyj has a target to reduce absolute scopes 1 and 2 CO2e emissions 50% by 2030 from a base year of 2019. Stora Enso Oyj has a target to reduce absolute scope 3 CO2e emissions 50% by 2030 from a base year of 2019

Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

  • How we want to achieve this – our roadmap

  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

​​​​​​MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Forests

Our actions – the Pathway

  • Commit to zero gross deforestation
  • Participate in jurisdictional approaches to promote the implementation of forests-related policies and commitments
  • Support or implement projects focused on ecosystem restoration and protection beyond no deforestation
  • Work beyond first tier suppliers to manage and mitigate deforestation risks through supply chain mapping or capacity building
  • Work with direct suppliers to support and improve their capacity to comply with our forests-related commitments, policies, and other requirements
  • Work with smallholders along the company's value chain to support good agricultural practices and reduce deforestation or conversion of natural ecosystems through financial or technical assistance
  • Publicly disclose data on forest-related impact to investors through a public platform
  • Have a publicly available forest policy, with well-defined goals and targets, that is used to inform internal decision-making
  • Have board-level oversight of forests-related issues
  • Have forests issues be fully integrated in all parts of long-term strategic business plans
  • Make a comprehensive forests-related risk assessment, that checks the following criteria: full coverage of relevant operations, considers risks beyond six years and availability of forest risk commodities, quality of forest risk commodities, impact of activity on the status of ecosystems and habitats, social impacts, and includes local communities; Stakeholders considered is local communities
  • Assess company and suppliers' compliance with forests regulations and/or mandatory standards when sourcing commodities from regions with high deforestation risk 
  • Have a system to control, monitor, and verify compliance with no-deforestation policies/commitments that covers all relevant operations and supply chains and shows more than 90% of total volume in compliance

​​​​​​MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Forests 2022

 

Water

Our actions – the Pathway

  • Have an internal price on water 
  • Publicly disclose data on water-related impact to investors through a public platform
  • Have board-level oversight of water issues
  • Integrate water-related issues into the company's long-term business objectives
  • Integrate water-related issues into the company's strategy to achieve long-term business objectives
  • Regularly monitor and measure key water security metrics at least for 75% of the company's facilities

​​​​​​​​​​​​​MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Water 2022

Governance & Strategy

North Star

  • Stora Enso Oyj have a publicly available 1.5°C aligned low-carbon transition plan

​​​​​​​​​​​​​MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals​​​​​​​

​​​​​​​​​​​​MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

Our actions – the Pathway

  • Have an ongoing and transparent dialogue with our value chain around climate-related issues​​​​​​​

​​​​​​​​​​​MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022