HELSINKI, Oct. 20, 2021 /PRNewswire/ -- Stora
Enso's ambition is to offer 100% regenerative products and
solutions by 2050. By adopting a regenerative stance, Stora Enso is
shifting its sustainability goals from minimising negative
environmental impact to becoming a net positive1
contributor within the defined focus areas of climate, circularity
and biodiversity by 2050.
Being regenerative means providing renewable and fully
circular products and solutions that help reduce climate
impact and support biodiversity
restoration.
"As a renewable materials company, our core business is
about offering solutions to sustainability challenges. To balance
staying within planetary boundaries and securing economic and
social progress, the world needs a transformation away from fossil
dependency and a linear economy. With this commitment Stora Enso
aims to be a leading actor in driving the transformation towards a
biobased circular economy. We will be transparent with our
progress, taking a science-based approach, to offer regenerative
solutions that not only mitigate environmental impact, but restore
and rebuild," says Annica
Bresky, Stora Enso's President and
CEO.
New sustainability targets
Stora Enso is also committing to new 2030 targets for its key
sustainability priorities: climate change, biodiversity and
circularity.
With its updated science-based targets, Stora Enso commits to
reducing absolute scope 1 and 22 greenhouse gas (GHG)
emissions from operations by 50% by 2030 from the 2019 base-year,
aligned with the 1.5-degree scenario. Stora Enso also commits to an
ambitious target to reduce scope 32 GHG emissions by 50%
by 2030 from the 2019 base-year. The science-based targets have
been approved by the Science Based Targets initiative, a
partnership between CDP, the United Nations Global Compact (UNGC),
the World Resources Institute (WRI) and the World Wide Fund for
Nature (WWF).
As part of its new ambition, Stora Enso commits to
achieving a net-positive impact on biodiversity in its own forests
and plantations by 2050 through active biodiversity management. A
set of actions towards 2030 has been developed and initiated to
improve biodiversity on species, habitat and landscape
levels.
"Stora Enso uses its own forest in Sweden as a development platform for enhancing
biodiversity. We will, for example, increase the share of
broad-leaved trees and the amount of dead wood. Continuous cover
forestry will be tested to evaluate its impact on biodiversity and
forest growth in areas suitable for this method. Furthermore, Stora
Enso will unify and expand performance evaluations that assess the
quality of our work in Finland,
Sweden, Russia and the Baltics in order to enhance
biodiversity," says Jari
Suominen, Executive Vice President, Forest Division at Stora Enso.
Our work will be supported by a science-based monitoring
programme and more than 15 indicators tracking progress on the
species, habitat and landscape levels. During 2022 Stora Enso will
start to share data on its progress through a new online reporting
tool and support forest owners with enhanced biodiversity services.
As a global renewable materials company, Stora Enso also aims to
improve biodiversity globally, even beyond the forest sector,
through knowledge sharing and active participation in formulating
new policies and standards.
Stora Enso's circular economy target outlines the
commitment to transparent and circular material flows that help
minimise waste and combat climate change. The interim targets for
this include achieving 100% recyclable products by 2030. Flagship
projects focused on infrastructure will help drive recycling at
scale. This involves engagement along our value chain and new
circular business models.
1Net Positive refers to a way of
doing business where our products are being recycled, where we
remove more CO2 from the atmosphere than we emit and
enhance biodiversity.
2Scope 1: Direct fossil CO2e
emissions from production. Scope 2: Indirect fossil CO2e
emissions related to purchased electricity and heat. Scope 3:
Emissions from other sources along our value chain.
For further information,
please contact:
Satu Härkönen
Press Officer, Stora Enso
Tel. +358 40 832 7458
Investor enquiries:
Ulla PaajanenSVP
Investor Relations
Tel. +358 40 763 8767
Part of the bioeconomy, Stora Enso is a leading global
provider of renewable solutions in packaging, biomaterials, wooden
constructions and paper. We believe that everything that is made
from fossil-based materials today can be made from a tree tomorrow.
Stora Enso has some 23 000 employees, and sales in over 50
countries. Our sales in 2020 were EUR 8.6
billion. Stora Enso shares are listed on Nasdaq Helsinki Oy
(STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition,
the shares are traded in the USA
as ADRs (SEOAY).
storaenso.com
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Stora Enso
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