Stora Enso's Annual Report Unveils Sustainability Focus for 2024
Stora Enso's Annual Report Highlights for 2024
Stora Enso Oyj has officially published its Annual Report and Remuneration Report for 2024. This comprehensive document details the company's strategic direction, corporate governance, sustainability initiatives, and financial performance. Stora Enso remains committed to transparency and accountability through its reporting, ensuring stakeholders have access to critical information.
Financial Reporting Compliance
The Annual Report adheres to the stringent European Single Electronic Format (ESEF) requirements. This compliance showcases Stora Enso's dedication to adopting modern reporting standards, reflected in the use of Extensible Hypertext Markup Language (xHTML). The report includes primary financial statements, all uniquely tagged with XBRL markers to enhance data accessibility and usability.
Independent Audits and Assurance
Stora Enso has entrusted the renowned auditing firm PricewaterhouseCoopers Oy to conduct an independent audit of its ESEF Financial Statements. Their assurance report, confirming a reasonable level of validation, is crucial in enhancing stakeholder confidence in the company's financial disclosures. This commitment to high standards ensures that all reports meet the required regulations effectively.
Sustainability Reporting and Standards
The Sustainability Statement is another key feature of Stora Enso's reporting framework, prepared according to the European Sustainability Reporting Standards (ESRS). The independent auditor has provided a level of Limited Assurance following the ESRS guidelines and the Taxonomy Regulation's delegated acts.
Carbon Footprint Insights
Efforts to evaluate and reduce greenhouse gas emissions are apparent in Stora Enso's focus on sustainability, which includes reporting against the GHG Protocol for both direct and indirect emissions (Scope 1 and 2). This comprehensive analysis not only aligns with global efforts to combat climate change but also positions Stora Enso as a leader in sustainable practices within the industry.
Comprehensive Availability of Reports
All pertinent reports — the Annual Report, audited Financial Statements, and the assured Sustainability Statement — are readily available for download. Stora Enso has made these documents accessible to its stakeholders, emphasizing the company's commitment to transparency and engagement.
Key Highlights of the Reports
Stora Enso's operational highlights include being one of the largest providers of renewable products in packaging, biomaterials, and wooden construction. The company’s alignment with sustainable development goals is evident as it continues to evolve in its product supply, promising a shift from fossil-based materials to sustainable alternatives derived from trees. With approximately 19,000 employees and Group sales reaching EUR 9 billion, Stora Enso solidifies its standing in the industry.
Contacting Stora Enso
For further inquiries, stakeholders can reach out to the devoted corporate communications team. Carl Norell, Senior Vice President of Corporate Communications, is the primary contact, reachable at +46 72 241 0349. Also, investor relations queries can be made to Anna-Lena Åström, Senior Vice President of Investor Relations, available at +46 70 210 7691.
Frequently Asked Questions
What are the highlights of Stora Enso's Annual Report for 2024?
The Annual Report highlights Stora Enso's strategic orientation focusing on sustainability, governance, and financial performance, reflecting its ambitious goals for renewable products.
How does Stora Enso ensure compliance with financial reporting standards?
Stora Enso complies with the European Single Electronic Format (ESEF) requirements and employs XBRL tags for all primary financial statements to enhance transparency.
Who conducts the independent audits for Stora Enso?
PricewaterhouseCoopers Oy conducts independent audits of Stora Enso's financial statements, validating the accuracy and compliance of the reports produced.
What sustainability standards does Stora Enso report against?
Stora Enso reports against both the European Sustainability Reporting Standards (ESRS) and the Sustainability Accounting Standards Board (SASB) for various sectors.
How can I access the Annual Report for 2024?
The Annual Report is available for download on Stora Enso's website, ensuring that stakeholders can review the comprehensive details regarding the company’s performance and disclosures.
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