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We are integrating sustainability agenda to our funding and financial services. With the Green Bond Framework, our ambition is to offer a format to support fixed income investors and to report the direct environmental impact from some of our investments and business activities.
Stora Enso has the long-term aim to secure funding partners that have sustainability as a fundamental part of their agenda. We aim to influence and develop the financial markets to ensure that sustainability becomes an integral part of decisions and credit evaluation. Stora Enso's Green Bond Framework is based on and aligned with the 2017 version of the Green Bond Principles (GBP) published by the International Capital Markets Association (ICMA).
In accordance with the Green Bond Framework, proceeds from Green Bonds will be used solely to finance or refinance projects (going back up to two years) and activities defined under the Eligible Categories presented below.
To be eligible for Green Bond proceeds, the projects must fall within one of the following Eligible Categories as per Stora Enso Green Bond Framework.
1. Sustainable Forest Management
2. Renewable, Low-Carbon, and Eco-Efficient Products, Product Technologies, and Processes
3. Energy Efficiency
4. Renewable Energy and Waste to Energy
5. Sustainable Water Management
6. Waste Management and Pollution Control
For more information on our eligible projects, categories, reporting and impacts, see our Green Bond Framework.
Stora Enso has the long-term aim to secure funding partners that have sustainability as a fundamental part of their agenda. We aim to influence and develop the financial markets to ensure that sustainability becomes an integral part of decisions and credit evaluation. In addition to green bonds described in this report, Stora Enso has an undrawn EUR 700 million Revolving Credit Facility (RCF) loan signed in 2021, where the pricing mechanism is linked to our science-based climate targets.
