Stora Enso given top rating by CDP for climate action
STORA ENSO OYJ PRESS RELEASE 25 October 2016 at 12.59 EEST
Stora Enso was today classified as a global leader in terms of combatting global warming by the international not-for-profit organisation CDP, which works to drive sustainable economy. CDP has included Stora Enso on its new 2016 Climate A List, in recognition of the company’s long-term actions and strategy to reduce emissions.
“Combatting global warming requires long-term efforts. Therefore Stora Enso has for over a decade been actively reducing the energy intensity of its operations and in many places also its dependency on fossil fuels,” says Noel Morrin, EVP Sustainability at Stora Enso.
“Today, over 75% of the energy the group generates and uses comes from carbon neutral sources inside and outside the company. It is our firm intention to drive down fossil fuel use even more over the next ten years to get as close to zero as possible using technically and commercially feasible means,” adds Morrin.
Stora Enso is among the 9% of corporations participating in CDP’s climate change programme to be awarded a position on the 2016 Climate A List.
Paul Simpson, chief executive officer of CDP says: “We congratulate the 193 A List companies that are leading the charge towards our low carbon future. Companies are key actors in enabling the global economy to achieve its new climate goals, and the leadership of this group points the way for others to take bold action and capitalise on the many opportunities that await.”
Thousands of companies annually submit climate disclosures to CDP at the request of 827 investors representing USD 100 trillion in assets.
For further information, please contact:
Noel Morrin, EVP Sustainability, tel. +46 7307 68898
Ulrika Lilja, EVP Communications, tel. +46 72 221 92 28
CDP, formerly Carbon Disclosure Project, is an international, not-for-profit organisation providing the global system for companies, cities, states and regions to measure, disclose, manage and share vital environmental information. CDP, voted number one climate research provider by investors, works with 827 institutional investors with assets of US$100 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. More than 5,600 companies disclosed environmental information through CDP in 2015. CDP now holds the most comprehensive collection globally of primary corporate environmental data and puts these insights at the heart of strategic business, investment and policy decisions. www.cdp.net https://www.cdp.net/en/research/global-reports/tracking-climate-progress-2016
Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 billion. Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) on the International OTCQX over-the-counter market. storaenso.com
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