Stora Enso Highlights Commitment to Sustainable Financing
Stora Enso's Commitment to Green Financing
Stora Enso has proudly released its annual Green and Sustainability-Linked Financing Report for the year ahead. This report highlights the allocation of proceeds and the tangible impacts achieved through various green financing instruments.
Understanding the Financing Framework
Stora Enso's Green and Sustainability-Linked Financing Framework is structured to support investments that align with a vision of sustainability for the company. This robust framework focuses on facilitating the Group's sustainability goals and fostering the transition toward a circular bioeconomy. Significant proceeds from existing green bonds fall into two main categories: sustainable forest management and sustainable product processes.
Current Financial Position in Green Bonds
By the close of the previous year, Stora Enso held a remarkable twelve green bonds or bilateral loans, cumulatively reaching a total nominal value of EUR 2,427 million. It is noteworthy that no new bonds were issued during this period, emphasizing the company's strategic approach in managing its current investments.
Expert Insights on Green Financing Initiatives
Leading the conversation around this report, Kaarlo Höysniemi, SVP of Group Treasury at Stora Enso, remarked, "Our report outlines a dedicated approach to green financing, allowing investors to engage in initiatives that tackle climate change effectively. It reflects our unwavering commitment to sustainable forestry and the renewable wood-based products we provide, along with detailing the environmental impacts linked to each bond issued."
Accessing the Financing Report and Framework
The detailed Green and Sustainability-Linked Financing Report and its associated framework are available for interested parties online, providing a comprehensive overview of Stora Enso's green financing strategy and outcomes.
About Stora Enso
At the core of Stora Enso's operations lies the forest, and the company firmly believes that materials currently produced from fossil resources can be replaced with products sourced from trees. Stora Enso maintains a leadership position as a provider of renewable products across packaging, biomaterials, and wooden construction. With a vast landholdings as one of the largest private forest owners globally, Stora Enso has built a sustainable foundation for its business. In recent times, the company has employed approximately 19,000 individuals while generating sales that totaled EUR 9 billion. Their shares are prominently listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R), with additional trading in the USA OTC Markets (OTCQX) under the ticker symbols SEOAY, SEOFF, and SEOJF.
Frequently Asked Questions
What is the purpose of Stora Enso's Green and Sustainability-Linked Financing Report?
The report aims to outline how proceeds from financing instruments are allocated and their resultant impact on sustainability goals.
What categories do Stora Enso's green bonds fall into?
The green bonds specifically focus on sustainable forest management and sustainable product processes.
How many green bonds does Stora Enso currently have?
As of the end of the previous year, Stora Enso held twelve outstanding green bonds and bilateral loans.
Who can be contacted for further information regarding investor relations?
Kaarlo Höysniemi, SVP Group Treasury, and Anna-Lena Åström, SVP Investor Relations, can be contacted for more information regarding investors.
What is the company's vision regarding sustainable products?
Stora Enso believes in replacing fossil-based materials with wood-based alternatives to support a more sustainable future.
About The Author
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