Monday, May 12, 2025
With a goal of a 50% absolute reduction in Scope 1 and 2 emissions by 2030 compared to the 2019 base year, Stora Enso set out in 2021 to align with the 1.5-degree scenario of the Paris Agreement. The impact of facility closures and mitigating strategies like fuel switching and energy efficiency upgrades is mostly responsible for the 53% decrease by the end of 2024. Although Stora Enso recognises this improvement, the Group’s goal is to keep it at this level until 2030 and look for ways to go even better.
“I am pleased to share this progress on our path towards net zero as part of our long-term commitment to sustainability. Through driving efficiency in the way we work, we can reduce our climate impact and support our customers achieve their climate ambitions,” expresses Hans Sohlström, President and CEO, Stora Enso.
A 50% decrease in Scope 3 emissions from the 2019 base year by 2030 is another aspect of Stora Enso’s science-based goal. “For Scope 3, which includes indirect emissions from our value chain, we are actively engaging and partnering with our suppliers and customers to pursue the same level of decarbonisation despite its greater complexities,” points out Toby Croucher, Chief Sustainability Officer at Stora Enso.
The core of Stora Enso is the forest, and the company believes that everything that is made now from fossil fuels may be made tomorrow from a tree. They are one of the biggest private forest owners in the world and the top supplier of renewable products for packaging, biomaterials, and wooden building. About 19,000 people worked for Stora Enso in 2024, and the company generated EUR 9 billion in sales. Shares of Stora Enso are traded on Nasdaq Stockholm AB (STE A, STE R) and Nasdaq Helsinki Oy (STEAV, STERV). Additionally, the shares are traded as ordinary shares (SEOAY, SEOFF, and SEOJF) and ADRs on the USA OTC Markets (OTCQX).
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