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Sustainability and Ethics Committee

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.
 
Current members
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.
 
In 2017
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.