We strive to continuously improve our sustainability performance and reporting, and to keep investors informed of our progress, ambitions, and future direction.



In 2019, Stora Enso issued its first green bonds, collecting SEK 6 billion. In addition, a SEK 1 billion Green Loan was issued in May 2019. The proceeds of both were solely used for financing
Stora Enso’s acquisition of forest assets in Sweden and were 100% allocated by the end of 2019. The acquired forest assets are 100% certified by FSC and PEFC.

Stora Enso was highly commended in the Finance for the Future Awards by Accounting for Sustainability (A4S) in 2019, where the Group’s climate leadership was also recognised.

How we work

Stora Enso's main shareholders are long-term investors that place high value on sustainable business practices and continuously monitor and evaluate our performance.

We actively maintain open dialogue with our investors on ESG matters through face-to-face meetings, conference calls, seminars, and webcasts. We also regularly share information on our sustainability performance with shareholders in our Interim and Annual Reports, stakeholder letters, web updates, and investor newsletters.

Our policies

  • Disclosure Policy
  • Stora Enso Code

Opportunities and challenges

Investors are increasingly recognising the importance of corporate sustainability in their investment decision-making by exploring ways to integrate environmental, social, and governance (ESG) performance into their investment strategies. Investors also perceive sustainability as a valuable growth driver for companies and sustainability reporting as an important tool in identifying investment opportunities that can generate long-term shareholder value. Hence, companies are encouraged to aim for more sustainable operations while investors expect financial rewards from their investments.

Stora Enso’s Investor Relations are guided by several laws and regulations, including the EU’s Market Abuse Regulation (MAR), the Finnish Securities Markets Act, Nasdaq rules in Helsinki and Stockholm, and the standards of the Finnish Financial Supervisory Authority.


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Human rights

Our commitment to respect human rights covers all our operations, including our employees, contractors, suppliers, and surrounding communities.