Strategy and governance

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As a company transforming into a renewable materials company, our sustainability strategy is an important component of our wider company business strategy, as well as our corporate governance.

 

Sustainability – an essential part of our business strategy

Our business strategy is to transform from a European pulp and paper company into a value-creating renewable materials company focusing on growth markets. At the core of our strategy is our aim to replace non-renewable materials in society with our renewable material-based products and solutions – to promote more sustainable living globally.

 

Our Sustainability Agenda

Stora Enso’s Sustainability Agenda covers the social, environmental, and economic responsibility of our operations throughout the value chain. The agenda addresses ten sustainability topics identified as material to Stora Enso, including Human rights that sits alongside the entire framework. To further our Sustainability Agenda, we have set ambitious targets and Key Performance Indicators (KPIs) for our work. Read more about our approach to sustainability here.

sustainability-agenda-stora-enso 

 

Sustainability governance

Sustainability is a key element of Stora Enso’s corporate governance, promoted by the Board of Directors, the CEO, and the Group Leadership Team (GLT). The CEO has the ultimate responsibility for the successful implementation of our sustainability strategy.

Governance bodies

governance-bodies-stora-enso 

The Board of Directors’ Sustainability and Ethics Committee

The Committee oversees the implementation of our Sustainability Strategy, and Ethics and Compliance Strategy. It comprises of between two and four Board members who are nominated annually by the Board. The members are independent of and not affiliated with Stora Enso. At least one Committee member is expected to have sufficient prior knowledge and experience in managing responsibility and ethics matters.

 

Ethics and Compliance Management Committee

The Committee supervises and monitors legal and regulatory compliance-related issues, policies, processes and tools. It consists of the General Counsel (chair), CEO, CFO, Head of HR, Head of Internal Audit, and the Legal Counsel dedicated to compliance matters.
Group of peopleGroup of people

Human rights

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