#Finland #Annual Report #Helsinki #Stora Enso #Remuneration Report

Stora Enso Releases Its 2024 Annual and Remuneration Reports

Stora Enso has announced the publication of its Annual Report and Remuneration Report for the year 2024, available for download at storaenso.com/annualreport. This comprehensive report provides insights into the company’s strategic direction, corporate governance frameworks, and sustainability commitments, as well as detailed financial statements reflecting its performance over the year.

Overview of the Annual Report

The Annual Report is designed in compliance with the European Single Electronic Format (ESEF) regulations, utilizing the Extensible Hypertext Markup Language (xHTML). This format ensures all primary financial statements are accurately labeled with XBRL tags, facilitating transparency and easier access for stakeholders and investors. Notably, the independent audit firm PricewaterhouseCoopers Oy has verified these ESEF Financial Statements, providing a level of reasonable assurance in accordance with international auditing standards.

The financial health of Stora Enso is encapsulated in this report, where they emphasize the group’s sales totaled EUR 9 billion in 2024, underlining an extensive operational footprint that includes approximately 19,000 employees globally. The report encapsulates key financial metrics, an evaluation of market challenges, and strategic initiatives undertaken to address evolving market demands.

Sustainability Commitment

A hallmark of Stora Enso’s report is its Sustainability Statement, crafted in line with the European Sustainability Reporting Standards (ESRS). This commitment to sustainability is reflected in the company's aspiration to innovate while maintaining a minimal environmental footprint. Stora Enso reports its direct and indirect greenhouse gas emissions under the GHG Protocol, ensuring comprehensive transparency regarding its climate impacts.

Furthermore, Stora Enso adheres to the Sustainability Accounting Standards Board (SASB) standards concerning forest management and container packaging, providing detailed indicators through an accessible online SASB content index. This dual approach of rigorous financial reporting and robust sustainability practices underscores the company's dedication to responsible business practices in today’s environmentally-conscious landscape.

Governance and Future Prospects

The Annual Report not only provides financial insights but also details the company's governance structures aimed at enhancing stakeholder trust. Stora Enso's leadership emphasizes the importance of robust governance in driving long-term value for shareholders and ensuring adherence to ethical practices across all operations.

In light of the ever-evolving market dynamics and growing emphasis on sustainability, Stora Enso’s strategic report outlines numerous initiatives planned for the future. These include advancements in renewable materials, continued investment in sustainable forestry, and expansion into new markets to ensure growth while contributing positively to the environment.

How to Access the Reports

Both reports, alongside the audited financial statements and affirmed sustainability reports in Finnish, are readily available for download. Interested parties can access these files and explore the comprehensive insights offered by Stora Enso’s 2024 reporting at the dedicated annual report page.

Stora Enso continues to redefine its role in the forest products industry, striving to innovate with renewable materials and maintain its position as one of the largest private forest owners globally. The publication of these reports signals its ongoing commitment to transparency, sustainability, and ethical governance in its operations.

For any inquiries regarding the reports, Carl Norell (SVP Corporate Communications) and Anna-Lena Åström (SVP Investor Relations) can be contacted at the details provided in the release.