Slide 1: Stora Enso ESG investor presentation
Q3 2024 Stora Enso ESG investor presentation
Slide 2: Disclaimer
Disclaimer It should be noted that certain statements herein which are not historical facts, including, without limitation those regarding expectations for market growth and developments; expectations for growth and profitability; and statements preceded by “believes”, “expects”, “anticipates”, “for
Slide 3: Stora Enso in brief
Stora Enso in brief Stora Enso is one of the largest private forest owners in the world, and a leading provider of renewable products in packaging, biomaterials, and wooden construction. Stora Enso shares are listed on NASDAQ OMX Helsinki and Stockholm and traded in the USA as ADRs and Ordinary Shar
Slide 4: Global megatrends drive the demand for renewable materials
Global megatrends drive the demand for renewable materials Our aim is to replace non-renewable materials with renewable products. This purpose underpins our commitment Circularity Eco-awareness to accelerate the transition to a circular bioeconomy through forests that sequester carbon and wood-based
Slide 5: Long-term regenerative ambition
Long-term regenerative ambition Our long-term ambition is that all of our products and Transition to a regenerative materials system solutions will be 100% regenerative by 2050: renewable and fully circular products and solutions that help reduce Climate Circularity Biodiversity climate impacts by s
Slide 6: Annual climate impact
Annual climate impact1 Our products Our value chain emissions2 Our forests remove carbon3 Our products substitute fossil-based store carbon4 alternatives, saving5 6.5 −4.3 −2.5 −13.4 million tonnes million tonnes of CO2 million tonnes million tonnes of CO2 of CO2 of CO2 1 Negative value indicates a
Slide 7: ESG recognitions by rating agencies
ESG recognitions by rating agencies ESG rating Stora Enso score/ Rating compared to peers best possible score CDP Climate A-/A Among the highest ranked in the industry Forest A/A Water A-/A FTSE Russell 4.4/5 Among the highest ranked in the industry ISS Corporate Rating B/A+ Among the highest ranked
Slide 8: Sustainability performance Q3 2024
Sustainability performance Q3 2024 Key performance indicator 30 Sep 30 June 31 Dec 30 Sep Target 2024 2024 2023 2023 Absolute Scope 1 and 2 CO2e 50% reduction by the end of 2030 -49% -46% -42% -38% emissions from 2019 baseline Total recordable injury (TRI) rate, 5.0 5.1 4.7 4.8 4.6 by the end of 202
Slide 9: ESG focus areas
StoraEnso: ESG focus areas
Slide 10: Our climate commitment
Our climate commitment 50% reduction by 2030 Actions Halving CO2e emissions by 2030 from the 2019 baseline • Increasing energy efficiency efforts and switching energy both in own operations and across the value chain, in line sources to renewable ones. with the 1.5-degree scenario. Verified by the S
Slide 11: Progressing towards our 2030 science-based target
Progressing towards our 2030 science-based target Scope 1 & 2 CO2e emissions Scope 3 CO2e emissions 0% -3% 3% 5% 0% -12%-13% 8 2.8 -24% -5% 7 -42% -10% -34% -15% 2.4 -46%-49% 6 -25% Million tonnes Million tonnes 2.0 -30% 5 -35% 1.6 -50% -45% -50% -50% 4 1.2 3 -55% -70% -65% 0.8 2 -75% -90% 1 0.4 -85
Slide 12: Reduce, reuse, and recycle materials and resources
Reduce, reuse, and recycle materials and resources • Our process raw materials are largely renewable: wood, recycled board and paper, and purchased pulp, and paper. • Long-lived, wood-based products serve as carbon capturers, and can be reused, recycled or used for energy at the end of their lifecyc
Slide 13: Innovation and partnerships in circularity
Innovation and partnerships in circularity • Our target is to achieve 100% technically* recyclable Target to achieve 100% technically recyclable products products by 2030, placing increased focus on circularity in the innovation processes. • Designing for recyclability involves the wider value chain
Slide 14: Steering actions through the Biodiversity Leadership Programme
Steering actions through the Biodiversity Leadership Programme • Stora Enso is one of the largest private forest owners in the world, and we recognise our responsibility to safeguard forests and nature, striving for a net positive impact on biodiversity. • Biodiversity actions are steered through a
Slide 15: Tracking biodiversity performance through three sets of indicators
Tracking biodiversity performance through three sets of indicators Impact indicators Long-term indicators Indicators for plantations monitor harvesting operations monitor developments across monitor biodiversity in tree the forest landscape plantations • High stumps • Broadleaved forests • Protected
Slide 16: Certifications for sustainable forest management
Certifications for sustainable forest management • Forest certification ensures that the raw material comes The target is to maintain the forest certification coverage from responsibly managed forests. Biodiversity is an level of at least 96% for own and leased forest lands integral part of forest c
Slide 17: Freshwater is central to production and forest growth
Freshwater is central to production and forest growth • Surface water accounts for 99% of total water withdrawal in our production processes. Almost 96% of the water is returned to the local ecosystem after being cleaned at treatment plants. • Although water is relatively abundant at the production
Slide 18: Fostering a diverse and inclusive workplace
Fostering a diverse and inclusive workplace Diversity, equity, and inclusion Share of females Q3 2024: • Promoting a diverse and inclusive working environment throughout the organisation to enhance performance, collaboration, and innovation. 25% among all 25% among all 30% in the Group managers empl
Slide 19: Committed to an accident-free workplace
Committed to an accident-free workplace • Our safety commitment applies equally, not only to our own employees, but also to contractors and other visitors at our sites. • Focus is placed on proactive safety initiatives and the engagement of employees, preventive risk management, the investigation of
Slide 20: Respecting human rights Engaging with local communities
Respecting human rights Engaging with local communities • The UN Guiding Principles on Business and Human • We have a long history in engaging with local Rights guide our human rights approach, involving the communities. The form and frequency of the identification of potential risks, mitigating adv
Slide 21: Governance and Board level ESG responsibilities
Governance and Board level ESG responsibilities Governance practices Sustainability is owned by the Board of Directors, the President and Chief Executive Officer, and the Group Leadership Team. The CEO holds ultimate responsibility for the implementation of the Group’s sustainability agenda. Sustain
Slide 22: ESG reporting and sustainable finance
ESG reporting and sustainable finance 22
Slide 23: Reporting on our sustainability performance
Reporting on our sustainability performance Sustainability Accounting Integrated annual report Global Reporting Initiative (GRI) Standards Board (SASB) The report includes a strategy review, The sustainability report is prepared in accordance with the GRI Standards covering all Reporting on the Fore
Slide 24: Sustainable finance
Sustainable finance • Stora Enso has the long-term aim to secure funding partners that have sustainability as a fundamental part of their agenda. • Stora Enso signed its first sustainability-linked credit facility already in 2017 and published its first Green Bond Framework in 2018. • The new Green
Slide 25: Stora Enso
IK StoraEnso