The divisions are responsible for their respective line of business and
are organised and resourced to deal with all business issues. The
CEO steers the divisions through quarterly and as needed Business
Performance Reviews as well as the GLT meetings.
Strategic investment projects are approved on group level following
the mandate by the CEO and Board of Directors. Each Division will in
addition be granted an annual allocation intended for smaller annual
replacement and development needs in relation to investments. All
projects are reviewed by the Investment Working Group comprising
group and division representatives and headed by the CFO (also the
allocation proposals are made by IWG).
Innovation is organised and executed within the divisions to drive
market and customer focus. The progress of innovation efforts are
evaluated in quarterly Business and Innovation Reviews with the CEO,
CFO, head of group innovation, the division Head and the division
Innovation Head. Innovation funding is supported from group level by
both the innovation and the digitalisation fund, where divisions make
proposals, which are then reviewed and decided by IWG.
Sustainability is the responsibility of line management supported by
subject matter experts throughout the group. Each business division
also has its own Head of Sustainability who reports directly to the
Executive Vice President of the division. Stora Enso’s sustainability
work is steered by the Sustainability Council, whose members come
from the group’s five divisions, Sourcing and Logistics, and group
Sustainability team which reports to the Executive Vice President
for Sustainability who in turn reports to the CEO. The CEO carries
ultimate responsibility for successful implementation of Stora Enso’s
The Company has user boards for certain cross-functional service
functions (Logistics, IT, Energy and parts of Wood Supply). These user
boards consist of representatives of the divisions using these services.
The user boards supervise and steer the operations of the respective
The Company has established proper disclosure policies and
controls, and process for quarterly and other ongoing reporting.