The Board has a Sustainability and Ethics Committee which is
responsible for overseeing the Company’s sustainability and ethical
business conduct, its strive to be a responsible corporate citizen,
and its contribution to sustainable development. The Committee
regularly reviews Stora Enso’s Sustainability Strategy and Ethics and
Compliance Strategy and, in accordance with Stora Enso’s corporate
governance structure, oversees their effective implementation. In its
work the Committee takes into consideration Stora Enso’s Purpose
and Values as well as Code of Conduct and Business Practice Policy.
The Committee comprises two to four Board members who are
nominated annually by the Board. The members are independent of
and not affiliated with Stora Enso. At least one Committee member is
expected to have sufficient prior knowledge and experience in handling
responsibility and ethics matters.
The Committee meets regularly, at least two times a year. The
Chairman of the Committee presents a report on each Sustainability
and Ethics Committee meeting to the Board. The tasks and
responsibilities of the Committee are defined in its charter, which is
approved by the Board. Sustainability and Ethics Committee members
may receive remuneration solely based on their role as directors. The
compensation is decided by the shareholders at an AGM.
Anne Brunila (chairman), Hock Goh and Göran Sandberg were elected as members of the Sustainability and Ethics Committee on 28 March 2018.
Remuneration: chairperson EUR 10 300 and member 6 200 per annum as decided by the AGM in 2018.
The Committee prior to the AGM on 28 March 2018 comprised three members: Anne Brunila (Chairman), Hock Goh and Göran Sandberg.
The Committee in each of its meeting reviews the areas
relevant for the Committee’s work, including an update on
sustainability matters as well as ethics and compliance matters.
The Committee further reviews sustainability and ethics and
compliance KPI’s, sustainability reporting as well as relevant
sustainability initiatives and processes carried out during the year.
An important part of the Committee’s work consists of overseeing
reported compliance cases.