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Stora Enso targets net-zero carbon emissions by 2040

 Monday, December 18, 2023

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Stora Enso targets net-zero carbon emissions by 2040

Stora Enso, one of the leading provider of renewable products in packaging, biomaterials and wooden construction, has decided to take a sustainable leap towards a better future. The company now commits to reach net-zero carbon emission by 2040 by becoming a signatory of The Climate Pledge.

Committing to net-zero emissions by signing The Climate Pledge is a logical step for Stora Enso in its long-term ambition to become net carbon positive, and to offer 100% regenerative products and solutions by 2050. Stora Enso remains committed to deliver on its existing 2030 target to reduce absolute Scope 1, 2 and 3 emissions by 50% from the 2019 baseline. This target is aligned with the 1.5-degree scenario and is approved by the Science Based Targets initiative.

Stora Enso will continue its decarbonisation journey to improve energy efficiency and to switch from fossil-based energy sources to renewable ones. Stora Enso will further improve its Scope 3 performance by enhancing efficiency and lowering carbon intensity in the value chain, collaborating with its raw material suppliers, logistics suppliers, and customers.

Signatories of The Climate Pledge agree to:

– Measure and report greenhouse gas emissions on a regular basis.

– Implement decarbonisation strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies.

– Neutralise any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net-zero annual carbon emissions by 2040.

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