Stora Enso achieves milestone in carbon reduction
STORA ENSO OYJ PRESS RELEASE 11 February 2025 at 9:00 EET
By the end of 2024, Stora Enso achieved a 53% reduction in Scope 1 and 2 emissions, surpassing the target of a 50% reduction by 2030 from the 2019 base year. This milestone reflects the Group's long-term commitment to proactive decarbonisation efforts.
In 2021, Stora Enso set its ambition to align with the 1.5-degree scenario of the Paris Agreement with a target of absolute Scope 1 and 2 emission reduction by 50% by 2030 from the 2019 base year. The 53% reduction by the end of 2024 is mainly attributed to mitigation measures, such as fuel switches and improvements in energy efficiency, and the impact from site closures. While Stora Enso acknowledges this progress, the Group's target is to maintain this level until 2030 and explore opportunities to further improve.
“I am pleased to share this progress on our path towards net zero as part of our long-term commitment to sustainability. Through driving efficiency in the way we work, we are able to reduce our climate impact and support our customers achieve their climate ambitions,” says Hans Sohlström, President and CEO, Stora Enso.
Stora Enso’s science-based target also includes a 50% reduction in Scope 3 emissions by 2030 from the 2019 base year. “For Scope 3, which includes indirect emissions from our value chain, we are actively engaging and partnering with our suppliers and customers to pursue the same level of decarbonisation despite its greater complexities,” says Toby Croucher, Chief Sustainability Officer at Stora Enso.
Further details on Stora Enso’s sustainability performance in 2024 will be presented in the Annual Report to be published on 13 February, 2025.
For further information, please contact:
Carl Norell
SVP Corporate Communications
Tel. +46 72 241 0349
Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
Tel. +46 70 210 7691
The forest is at the heart of Stora Enso, and we believe that everything made from fossil-based materials today can be made from a tree tomorrow. We are the leading provider of renewable products in packaging, biomaterials, and wooden construction, and one of the largest private forest owners in the world. In 2024, Stora Enso had approximately 19,000 employees, and the Group sales were EUR 9 billion. Stora Enso’s shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA OTC Markets (OTCQX) as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF).
STORA ENSO OYJ
For further information, please contact:
Carl Norell
SVP Corporate Communications
Tel. +46 72 241 0349
Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
Tel. +46 70 210 7691
