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Financial success through sustainable operations


We strive to continuously improve our sustainability performance and reporting, and to keep investors informed of our progress, ambitions and future direction.


Opportunities and challenges
The global pool of Socially Responsible Investors (SRIs) and the incorporation of Environmental, Social and Governance (ESG) analysis into investment decision-making is growing. This encourages companies to be more sustainable in their operations while also delivering a return on shareholders investment. We believe that only sustainable operations can ensure long-term financial success.

Stora Enso’s Investor Relations are guided by several laws and regulations, including the EU’s Market Abuse Regulation (MAR), the Finnish Securities Markets Act, Nasdaq rules in Helsinki and Stockholm, and the standards of the Finnish Financial Supervisory Authority.

Our policies
 Disclosure Policy
• The Stora Enso Code of Conduct.


How we work
Stora Enso’s major shareholders are long-term investors who value sustainable business practices and closely follow our sustainability performance and reporting.

We actively maintain open dialogue with our investors on ESG matters through face-to-face meetings, conference calls, seminars, and webcasts. We also regularly share information on our sustainability performance with shareholders in our Interim and Annual Reports, stakeholder letters, web updates, and investor newsletters.

In 2017, our Investor Relations function organised 13 investor meetings focusing on ESG-related topics, including one-to-one meetings, conference calls, and one webinar. The focus was on Stora Enso’s sustainability strategy and activities. In total, approximately 40 investor representatives participated in these meetings.

In December 2017, Stora Enso signed a new Revolving Credit Facility (RCF) loan where part of the pricing is based on Stora Enso’s ability to reduce greenhouse gas emissions per tonne of pulp, paper, and board produced, agreed in accordance with the Science Based Targets initiative.The facility size is EUR 600 million with maturity in January 2023.The purpose of the facility is to act as an undrawn back-stop facility.13 commercial banks participated in the RCF loan as lenders.