Strategy and governance

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

Sustainability – an essential part of our business strategy

Stora Enso’s strategy for transformation is about sustainable profitable growth based on customer insight and innovation, supported by structured processes and motivated employees. Inherent in our strategy, we work to assure the sustainability of every solution.

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 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. At Stora Enso, sustainability work is led by the Executive Vice President, Sustainability, who reports directly to the CEO and is part of the Group Leadership Team (GLT).

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.