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Stora Enso Publishes Annual and Remuneration Reports for 2024

Stora Enso, a global leader in renewable products, has officially released its Annual Report and Remuneration Report for 2024. These documents provide critical insights into the company's strategic directives, governance policies, sustainability commitments, and financial performance.

Detailed Report Overview

The Annual Report, available on storaenso.com/annualreport, consists of several sections that are essential for stakeholders. It includes a comprehensive strategic report outlining the organization’s objectives and initiatives aimed at bolstering company growth and sustainability. Additionally, it covers corporate governance structures and a detailed sustainability statement that aligns with European reporting standards.

In adherence to the European Single Electronic Format (ESEF) reporting requirements, Stora Enso's financial statements are structured in XHTML format, allowing enhanced accessibility and standardization. These primary financial documents are equipped with XBRL tags, which facilitate improved data tracking and reporting accuracy. To ensure the integrity of these statements, PricewaterhouseCoopers Oy conducted an independent audit and provided reasonable assurance on the ESEF financial statements.

Sustainability Initiatives

One of the highlights encompassed within this report is the Sustainability Statement. This section has been meticulously prepared in accordance with the European Sustainability Reporting Standards (ESRS), again emphasizing Stora Enso's commitment to sustainability. PricewaterhouseCoopers Oy also furnished a level of Limited Assurance using ESRS Standards, ensuring the alignment with the Taxonomy Regulation delegated acts. Furthermore, Stora Enso is dedicated to its greenhouse gas emissions reporting for Scope 1 and 2 under the GHG Protocol, accentuating the company’s responsibility in combatting climate change.

In addition, Stora Enso demonstrates compliance with the SASB's Sustainability Accounting Standards for Forest Management and Containers Packaging, reflecting their dedication to transparency and best practices in environmental stewardship. The relevant standard indicators are conveniently accessible through the SASB content index online, allowing stakeholders to delve deeper into Stora Enso's sustainability metrics.

Access to Reports

Stakeholders can access both the Annual Report and the Remuneration Report through storaenso.com/annualreport, where they can find downloadable materials in both XHTML and PDF formats. These reports encompass vital information regarding Stora Enso's performances, including comprehensive financial statements and audited sustainability claims made in Finnish.

The Future Vision

Stora Enso's core belief centers around the potential to replace all fossil-based materials with renewable alternatives derived from forests. With approximately 19,000 employees and projected Group sales reaching EUR 9 billion in 2024, Stora Enso remains at the forefront of innovation in renewable products across packaging, biomaterials, and sustainable construction.

Moreover, as one of the world's largest private forest owners, the company embodies a vision that encourages sustainable forestry practices and the development of renewable materials. This approach not only aligns with global sustainability goals but also proposes alternative solutions to many industries currently dependent on non-renewable resources.

The company’s shares are strategically listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R), further underscoring its influence in the capital market. Additionally, its shares are traded over-the-counter in the United States as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF).

For further assistance or inquiries regarding the reports, stakeholders are encouraged to reach out to:

• - Carl Norell, SVP Corporate Communications, at +46 72 241 0349
• - Anna-Lena Åström, SVP Investor Relations, at +46 70 210 7691

In summary, Stora Enso's recent release of its Annual and Remuneration Reports illustrates its commitment toward transparency, sustainability, and strategic growth. These documents represent an important resource for investors, analysts, and anyone interested in following Stora Enso’s journey towards a more sustainable future.