stora enso Stora Enso rated a global leader for climate action by CDP

Stora Enso has been top-rated in combatting global warming by the international non-profit organisation CDP, which works to build a sustainable global economy. CDP has included Stora Enso on its new 2018 Climate A List, which identifies the global companies that are taking leadership in climate action.

“We are proud of this recognition of our long-term work to reduce our emissions,” says Noel Morrin, EVP Sustainability at Stora Enso. “For over a decade we have been actively reducing the energy intensity of our operations and our dependence on fossil fuels. In December 2017, Stora Enso became the first forest products company to set ambitious science-based targets for reducing greenhouse gas emissions throughout our value chain.”


Stora Enso has also signed a Revolving Credit Facility (RCF) loan where part of the pricing is based on the group’s performance in reducing greenhouse gas emissions. This progress is reported in Stora Enso’s annual and interim reports. In addition, Stora Enso has published a Green Bond Framework and asks suppliers about their carbon dioxide emissions in all tenders.

“Ultimately, it is our renewable materials that make a difference,” Morrin says. “They are a key solution to combatting global warming as they store carbon and replace fossil-based materials.”

Paul Simpson, CEO of CDP says: “Congratulations to all companies that made it onto CDP’s A List this year. We need to urgently scale up environmental action at all levels in order to meet the goals of the Paris Agreement and the Sustainable Development Goals. It’s clear that the business world is an essential player in this transition and the A List companies are set to make a substantial contribution to those goals.”

Thousands of companies annually submit climate disclosures to CDP. In 2018, disclosures were requested by 650 investors representing over USD 87 trillion in assets, and over 7 000 companies submitted their climate data.

In addition to the CDP rating, Stora Enso has been top-ranked in both the quality of greenhouse gas management and carbon performance by the Transition Pathway Initiative (TPI). TPI is a global initiative led by asset owners and supported by asset managers and looks into how companies’ carbon performance now and in the future might compare to the international targets and national pledges made as part of the Paris Agreement.

Stora Enso’s fossil carbon emission summary for 2017

For further information, please contact:
Noel Morrin, EVP Sustainability, tel. +46 7307 68898
Eeva Taimisto, Head of Sustainability Communications, tel. +358 2046 21263
Investor enquiries:
Ulla Paajanen, SVP, Investor Relations, tel. +358 40 763 8767

Storm Enso es un líder mundial para la acción climática por el cdp grueso Enso oyj Noticias para inversores 22 de enero de 2019 a las 9:00 am Enso ha sido la mejor calificada en la lucha contra el calentamiento global por parte de la organización internacional sin fines de lucro . cdp ha incluido en el grueso de Enso su nuevo clima de 2018, que es un líder mundial en acción climática. "Estamos orgullosos de este trabajo a largo plazo para reducir nuestras emisiones", dice noel morrin, evp Sustainability en stora Enso. Los combustibles fósiles. En diciembre de 2017, Stora Enso se convirtió en la primera empresa forestal. Desempeño en la reducción de emisiones de gases de efecto invernadero. este progreso se informa en los informes anuales y provisionales de stora enso. Además, stora Enso ha sido publicada en inglés. "En última instancia, son nuestros materiales renovables los que marcan la diferencia", dice morrin. Paul Simpson, director general de cdp, dice: “Felicitaciones a todas las compañías que lograron ingresar a la lista de cdp este año. Necesitamos asegurarnos de que hacemos lo mismo. Miles de empresas envían anualmente información sobre el clima al cdp. En 2018, archivados bajo 650 inversores, presentaron sus datos climáticos. Además de la calificación de cdp, stora Enso ha sido mejor clasificada en la ruta de transición (tpi). tpi es una iniciativa global liderada por empresas y empresas.

STORA ENSO OYJ - FINLANDIA - 22 enero 2019