Stora Enso’s Sustainability Report Receives Award

November 19, 2021

By: The Working Forest Staff

Company Press Release — Stora Enso’s Sustainability Report 2020 was chosen as the best in Finland in a competition organized by an independent group of expert organizations. In addition, for the fourth consecutive year, Stora Enso’s report has been included in the top ten sustainability reports globally, according to the World Business Council for Sustainable Development (“WBCSD”).

Stora Enso’s Sustainability Report won the award for Finland’s best sustainability report of the year. The report was particularly recognized for being comprehensive, strongly linked to the company’s core business, and it excelled in all areas of the competition. In addition, Stora Enso’s report was the winner of the stakeholder category, this year chosen by the Finnish Climate Fund.

“Sustainability performance is high on the agenda for all our stakeholders and we are proud to be acknowledged for our reporting. In addition to being informative and transparent, good reporting needs to be engaging and compelling, while easy to absorb. We constantly develop our reporting to reflect sustainability contributions, as well as pursuing our ambitions and meeting new challenges,” says Annette Stube, EVP Sustainability at Stora Enso.

In WBCSD’s Reporting matters publication, Stora Enso’s report is recognized as an example of best practice in how it outlines the materiality assessment process to identify and prioritize significant sustainability impacts.

The Stora Enso Annual Report 2020 consists of Strategy, Financials, Sustainability, Governance, and Remuneration. The Annual Report is available at storaenso.com/annualreport.

The sustainability report review has been organized since 1996. This year it was carried out in cooperation with Aalto University, Climate Leadership Coalition, Finland’s Sustainable Investment Forum (Finsif), Hanken, Nasdaq, the Finnish Association of Auditors, the Association for Environmental Management, the Ministry of the Environment, and the corporate responsibility network FIBS. This year, a total of 47 sustainability reports from different organizations were evaluated.

The WBCSD produces Reporting matters to help improve the effectiveness of non-financial corporate reporting. The publication lists Stora Enso’s Sustainability Report as one of the top ten in the world out of the 168 reviewed within the scope of the publication, without disclosing the exact rankings.

 

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