Stora Enso supports better disclosure of climate risks

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Published 26 September 2018
Global warming presents material risk to companies all over the world, and the effects of it will only increase over time.

The Financial Stability Board’s (FSB) Task Force on Climate-related Financial Disclosures (TCFD) recommends a framework for disclosing climate related risks and opportunities that goes beyond current practices.

The TCFD recommendations respond to a growing demand for improved financial disclosures from companies in relation to climate risks. In addition to investors and regulators, leading companies are also communicating their support for the recommendations through Statements of Support by Accounting for Sustainability (A4S).

As a renewable materials company, Stora Enso is in a unique position to combat global warming. Today, we are one of the few companies globally that assure their carbon dioxide reporting for stakeholders at Reasonable Level. We were also the first in our industry to set ambitious science-based targets to reduce greenhouse gas (GHG) emissions by 31% by 2030, compared to 2010.

To strengthen our commitment to vigorous climate-related reporting, our CFO Seppo Parvi has signed an A4S Statement of Support to express our support for better disclosure of climate risks and opportunities. See all signatories here.