Do you want to know more about Stora Enso?
For 2021, Stora Enso is publishing one combined report covering our:
Strategy,
Financials,
Sustainability reporting,
Corporate governance and
Remuneration.
In 2021, we made significant progress in our strategic ambition to lead in sustainability and transform into ‘The renewable materials company’. Our focus on growth in leading market positions has resulted in record high profitability and a strong balance sheet. We foresee significant growth potential for our products within packaging, biomaterials innovations and building solutions, and this is where we focus strategic efforts and investments.
“Our customers are increasingly aware of the advantages of products which are circular and climate friendly.”
Looking at our performance in 2021, Stora Enso showed tremendous adaptability and resilience. We delivered record high results across our key business areas, overcoming macroeconomic turbulence and supply chain disturbances. An increased demand for eco-friendly products, the hard work of our people, and our resilient business model have together supported our strong performance.
A strong demand for our packaging materials and solutions has been a major driver behind our solid 2021 results. In light of sustainability trends and the pandemic, the need for eco-friendly and hygienic food packaging is more important than ever. At the same time, consumer behaviour is changing rapidly. All this, in turn, boosts market size and demand for sustainable packaging. We are leading in sustainable consumer packaging with strong market positions, and are investing to meet a growing demand.
Stora Enso is the world’s largest producer of lignin, one of the main building blocks of a tree. In 2021, our pilot plant in Sunila, Finland started producing lignin-based hard carbon. Our product Lignode is a sustainable alternative to carbon-based battery anodes in electric vehicles. We predict that this opportunity alone has significant sales potential.
Wood-based building solutions is another key growth area, addressing the need to replace less climate-friendly construction materials such as concrete and steel. In 2021, we launched several new concepts to grow our market share of wooden construction. Here, we are well positioned to capture new business as the share of wood used in building projects is expected to grow more than 10% by 2030.
Stora Enso is one of the world’s largest private forest owners. Sustainably managed, our growing forests have a positive climate impact, both as a carbon sink and through circular end-products. Global megatrends, with sustainability at the core, call for fossil-free materials and new applications for renewable and innovative materials.
To support our strategic objectives, we have renewed our sustainability ambitions. We take a regenerative stance within climate, circularity, and biodiversity. By 2050, we aim to offer 100% regenerative solutions. To reach this goal, we have set ambitious 2030 science-based targets to reduce greenhouse gas emissions by 50%, aligning with the 1.5-degree scenario. Furthermore, 100% of our products will be technically recyclable by 2030.
We made significant progress in 2021, strengthening our position for continued growth. This is bolstered by business resilience, a strong safety and people agenda and a proactive and flexible approach to customer collaboration. Stora Enso continuously evolves, and we have the ability and raw material platform to make our business truly integral in the green revolution. Circular products from the forest are part of the solution to combat climate change, a legacy that we will pass on to future generations.
The renewable future grows in the forest.
Annica Bresky
President and CEO
| Language | Name | Download as XBRL | View as XBRL |
| English | Annual Financial Statements 2021 | Download | View |
| Finnish | Tilinpäätös 2021 | Lataa | Avaa |
| Swedish | Bokslut 2021 | Ladda ned | Öppna |
