Our climate impact calculations are based on science and the most up-to-date available knowledge.
Do you want to know more about Stora Enso?
Stora Enso combats climate change with renewable materials, resource efficient production and sustainable forest management. Our products help customers and society at large to reduce greenhouse gas emissions by providing low-carbon alternatives to solutions based on fossil fuels and other non-renewable materials.
Our science-based target (SBT) is to reduce absolute Scope 1 and 2 greenhouse gas (CO2e) emissions from operations by 50% by 2030 from the 2019 baseline, in line with the 1.5-degree scenario. We are also committed to an ambitious target to reduce Scope 3 CO2e emissions by 50% by 2030 from the 2019 baseline.
The SBTs have been approved by the Science Based Targets initiative, a partnership between CDP (Carbon Disclosure Project), the United Nations Global Compact (UNGC), the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF).
Our performance on Scope 1 and 2 is reported quarterly in the interim reports. By the end of 2023, Scope 1 and 2 CO2e emissions were 1.52 million tonnes or 41% less than in the base year. We continue to further reduce our Scope 1 and 2 emissions from operations by investing in energy efficiency, and by increasing the share of clean energy sources, including wood-based biofuels from sustainable sources.
An estimated 76% of the emissions in the carbon footprint are generated elsewhere along the value chain. In 2023, Stora Enso’s estimated Scope 3 CO2e emissions along the value chain were 4.95 million tonnes or 34% less than in the baseline.
The most effective ways to reduce our direct fossil CO2 emissions are to further improve our energy-efficiency, and to continue to increase our use of biomass fuels. For over a decade, we have been actively reducing the energy intensity of our operations – and in many places also our dependency on fossil fuels.
Combatting global challenges such as climate change does not happen in isolation. Value chain emissions often represent the largest portion of companies’ carbon footprint. To reach our Scope 3 CO2 reduction target, we work with suppliers and logistics to further improve efficiency and lower carbon intensity. One tool in implementing and enforcing emission reductions is the Stora Enso Supplier Code of Conduct, which is the common set of requirements for all suppliers.
Stora Enso evaluates risk and opportunities related to global warming through the Enterprise Risk Management (ERM) process, which forms an integral part of our management approach. We also routinely calculate the financial impacts of potential cost increases in relation to emission allowances and energy prices. For more information on Stora Enso’s reporting according to TCFD recommendations within the categories of governance, strategy, risk management and metrics, see the Climate-related financial disclosure (TCFD) index published in our Annual Report.
