Stora Enso Releases Comprehensive Green and Sustainability Financing Report for 2024
Stora Enso, a prominent global leader in renewable solutions, has recently published its annual Green and Sustainability-Linked Financing Report for 2024. This report outlines the allocation of proceeds from various green financing instruments and vividly illustrates the impact these efforts are making in promoting sustainability within the organization by investing in projects that align with their strategic goals.
The company’s Green and Sustainability-Linked Financing Framework is specifically designed to channel funds toward initiatives that support their sustainability objectives, particularly in fostering a circular bioeconomy. The funds raised through green bonds have been earmarked for two primary categories critical to the framework: sustainable forest management and sustainable product processes. As of the end of 2024, Stora Enso had a remarkable twelve green bonds or bilateral loans nearing a total nominal value of EUR 2,427 million. Notably, no new bonds were issued during this year, showcasing a careful yet impactful approach to financing.
Kaarlo Höysniemi, the Senior Vice President of Group Treasury, expressed the core intent behind the report, stating, "The report outlines our focused approach to green financing, offering investors opportunities to support climate change mitigation and adaptation. It underscores Stora Enso's commitment to sustainable forestry and wood-based renewable products, and details the environmental impacts associated with each issued bond." This statement encapsulates the essence of Stora Enso’s dedication to not only financial success but also environmental stewardship.
The Green and Sustainability-Linked Financing Report, alongside the Framework, is readily accessible on Stora Enso's official website, making it transparent for stakeholders interested in the environmental outcomes tied to their investments.
Stora Enso centers its mission on forest resources, emphasizing a pivotal belief that materials currently derived from fossil sources can, and should, be sourced from trees in the future. As a provider of sustainable products in packaging, biomaterials, and wooden construction, the company is recognized as one of the largest private forest owners globally. With about 19,000 employees in 2024 and a reported sales figure of EUR 9 billion, Stora Enso stands at the forefront of the industry's transition towards sustainability.
Moreover, their shares are actively traded on notable exchanges including Nasdaq Helsinki Oy and Nasdaq Stockholm AB, enhancing their visibility and accessibility to a broader investor base. This commitment to sustainability and transparency positions Stora Enso amongst leaders in the corporate responsibility domain, allowing them to foster growth while ensuring that environmental concerns are adequately addressed.
The ongoing evolution towards environmentally friendly practices is paramount for industries worldwide. Stora Enso’s annual report unravels their narrative of responsibility, innovation, and forward-thinking strategies that not only cater to market demands but also prioritize the health of our planet. Through comprehensive initiatives and transparent reporting, Stora Enso is setting a benchmark for what successful corporate sustainability looks like in today's business landscape.
The company’s Green and Sustainability-Linked Financing Framework is specifically designed to channel funds toward initiatives that support their sustainability objectives, particularly in fostering a circular bioeconomy. The funds raised through green bonds have been earmarked for two primary categories critical to the framework: sustainable forest management and sustainable product processes. As of the end of 2024, Stora Enso had a remarkable twelve green bonds or bilateral loans nearing a total nominal value of EUR 2,427 million. Notably, no new bonds were issued during this year, showcasing a careful yet impactful approach to financing.
Kaarlo Höysniemi, the Senior Vice President of Group Treasury, expressed the core intent behind the report, stating, "The report outlines our focused approach to green financing, offering investors opportunities to support climate change mitigation and adaptation. It underscores Stora Enso's commitment to sustainable forestry and wood-based renewable products, and details the environmental impacts associated with each issued bond." This statement encapsulates the essence of Stora Enso’s dedication to not only financial success but also environmental stewardship.
The Green and Sustainability-Linked Financing Report, alongside the Framework, is readily accessible on Stora Enso's official website, making it transparent for stakeholders interested in the environmental outcomes tied to their investments.
Stora Enso centers its mission on forest resources, emphasizing a pivotal belief that materials currently derived from fossil sources can, and should, be sourced from trees in the future. As a provider of sustainable products in packaging, biomaterials, and wooden construction, the company is recognized as one of the largest private forest owners globally. With about 19,000 employees in 2024 and a reported sales figure of EUR 9 billion, Stora Enso stands at the forefront of the industry's transition towards sustainability.
Moreover, their shares are actively traded on notable exchanges including Nasdaq Helsinki Oy and Nasdaq Stockholm AB, enhancing their visibility and accessibility to a broader investor base. This commitment to sustainability and transparency positions Stora Enso amongst leaders in the corporate responsibility domain, allowing them to foster growth while ensuring that environmental concerns are adequately addressed.
The ongoing evolution towards environmentally friendly practices is paramount for industries worldwide. Stora Enso’s annual report unravels their narrative of responsibility, innovation, and forward-thinking strategies that not only cater to market demands but also prioritize the health of our planet. Through comprehensive initiatives and transparent reporting, Stora Enso is setting a benchmark for what successful corporate sustainability looks like in today's business landscape.
Topics General Business）
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