Green bonds

Acquisition of Swedish certified forestland

Sustainable forest management

Acquisition of Swedish forest holdings in 2019 in connection with the restructuring of Bergvik Skog. 

Bonds 1–6: 100% Bond 7: 60%

The acquired forest assets are 100% certified¹ and amount to 1.39 million hectares, including 1.14 million hectares of productive forest land with standing stock of 143 million m³forest².

98% of the lands Stora Enso owns or manages were covered by forest certification schemes in 2020 (96% in 2018 prior to completion of the restructuring of Bergvik Skog).

Sustainable forest management projects (OPEX)

Sustainable Forest Management

Stora Enso forests in Sweden Sustainable forest management activities funded are:

• Regeneration of forests and plantations managed and harvested by Stora Enso
• Wood harvesting of FSC or PEFC-certified forests (e.g. labor costs)
• Seedlings (e.g. production and procurement of pine, spruce, birch used in forest regeneration)
• Silvicultural operations (e.g. soil preparation, planting, pre-commercial thinning)
• Fertilisation (e.g. labor costs)
• Infrastructure to facilitate sustainable forest management
• Restoration of native forests and conservation of biodiversity.

Bond 7: 10%

Sustainable forest management maintains growth and resilience of the forests. Growing forests absorb carbon dioxide (CO₂) from the atmosphere.³

The Annual forest growth for Stora Enso forests in Sweden was 6.1 million m³ forest in 2020 and in the same year harvesting represented 4.6 million m³ forest².

Gruvön Cross Laminated Timber mill investment

Renewable, Low-Carbon, and Eco-Efficient Products, Product Technologies, and Processes

EUR 45 million investment in a new cross laminated timber (CLT) unit at the Gruvön sawmill in Sweden was completed and production started in 2019.

Bond 7: 9%

CLT production capacity in Gruvön was 50 000 m³ in 2020 (25 000 m³ in 2019), ramping up towards the full capacity of 100 000 m³/year.

One cubic metre (m³) of CLT stores an equivalent of 762 kg of CO₂-eq. The calculation of avoided CO₂ emissions and carbon storage of buildings when made from Gruvön CLT is informed by our third party verified Environmental Product Declaration - EPD for CLT from Gruvön.

Ždirec Cross Laminated Timber mill investment

Renewable, Low-Carbon, and Eco-Efficient Products, Product Technologies, and Processes

EUR 79 million investment in a new production line for cross laminated timber (CLT) at Stora Ensos Ždírec sawmill in the Czech Republic.

Production is scheduled to begin during the third quarter of 2022.

Bond 7: 16%

The estimated annual production capacity will be approximately 120 000 m³ after ramp-up.

The development of third party validated Environmental Product Declarations to help the calculations of avoided emissions and carbon storage of buildings, will commence following start of production. 

Maxau steam turbine investment

Renewable Energy and Waste to Energy

EUR 25 million investment to boost green energy generation at Stora Enso´s Maxau Mill in Germany. The project installed a new steam turbine with a closed-loop cooling system and additional biomass storage. The investment project enabled the use of a higher biomass share and a clear reduction in our CO₂ emissions.

Bond 7: 5%

The avoided CO₂ emissions as a consequence of the investment are
50 000 tonnes of CO₂ emissions annually.