Sustainable finance
Green and Sustainability-Linked Financing Report 2025
At the end of 2025, Stora Enso had twelve outstanding green bonds or private placements, with a total nominal amount of EUR 1,658 million. The proceeds fall into two of the eligible categories associated with Stora Enso’s Green and Sustainability-Linked Financing Framework: Sustainable forest management and Sustainable product processes. The report describes the projects financed with the proceeds and the achieved environmental impacts.
Green and Sustainability-Linked Financing Report
Green and Sustainability-Linked Financing Framework
Stora Enso's Green and Sustainability-Linked Financing Framework launched in May 2023 is based on the Group's sustainability agenda and goals, driving the transformation towards a circular bioeconomy. The framework allows Stora Enso to issue both green and sustainability-linked financing instruments, as well as a combination of the two.
The green financing element of the framework comprises of the following six eligible asset categories:
- Sustainable forest management
- Sustainable product processes
- Energy efficiency
- Renewable energy and waste to energy
- Sustainable water management
- Waste management and pollution control.
The sustainability-linked financing element specifies key performance indicators for Stora Enso’s performance on climate change, circularity, and biodiversity.
The Green and Sustainability-Linked Framework has been developed in accordance with the Sustainability-Linked Bond Principles (SLBP) 2020 and Green Bond Principles (GBP) 2021 published by the International Capital Markets Association (ICMA) as well as the Green Loan Principles (GLP) 2023 and Sustainability-Linked Loan Principles (SLLP) 2023 established by APLMA, LMA and the LSTA.
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