Stora Enso selected for the FTSE4Good responsible investment index for the 10th year in a row
Stora Enso has been included for the 10th consecutive year in the FTSE4Good
Index Series, one of the most widely recognized indexes for socially responsible
investments. Companies chosen for the FTSE4Good Index Series must meet stringent
social, ethical and environmental criteria. The FTSE4Good index facilitates
responsible investments by continuously measuring the performance of leading
companies.
The criteria used for the index cover environmental management, climate change,
human rights, supply chain labour standards, and efforts to counter bribery. The
criteria are regularly revised to ensure that they reflect the highest standards
of responsible business practice.
“For us, being listed in the FTSE4Good index for the 10th year running is a sign
of real improvement. The index is uncompromising - if you stop improving, you
risk dropping out,” says Stora Enso CEO Jouko Karvinen. “This fits well with the
way we see corporate responsibility at Stora Enso. It is not something you
accomplish once and then stop working on - it forms the core of everything we
do, and we have to find ways to improve every day.”
The FTSE4Good index is revised twice a year, when companies receive information
about whether they have been selected for the list. The index has been designed
by FTSE with the support of UNICEF, and uses data provided by the Ethical
Investment Research Service (EIRIS).
About the FTSE Group
FTSE is an independent company jointly owned by The Financial Times and the
London Stock Exchange. FTSE does not give financial advice to clients, which
allows for the provision of truly objective market information. FTSE indexes are
used extensively by a range of investors such as consultants, asset owners, fund
managers, investment banks, stock exchanges and brokers.
Stora Enso's responsibility work has also been recently recognised by:
The Dow Jones Sustainability Indexes
The Dow Jones Sustainability Indexes are the first global indexes to track the
financial performance of leading sustainability-driven companies. Companies are
included in or deleted from the indexes based on their economic, environmental
and social performance. The indexes provide investors with reliable and
objective benchmarks to manage their sustainability portfolios.
The Ethisphere Institute's World's Most Ethical Companies for 2010
Stora Enso has also been named as one of the World's Most Ethical Companies for
2010 by the Ethisphere Institute. This research institute is a leading
international think tank dedicated to the creation, advancement and sharing of
best practices in business ethics, corporate social responsibility,
anti-corruption work and sustainability.
For further information, please contact:
Heidi Puusa, Director, Group Identity and Sustainability Communications, tel.
+358 2046 21309
www.storaenso.com
www.storaenso.com/sustainability
www.storaenso.com/globalresponsibility
Stora Enso is a global paper, packaging and wood products company producing
newsprint and book paper, magazine paper, fine paper, consumer board, industrial
packaging and wood products. The Group is the world leader in forest industry
sustainability. We offer our customers solutions based on renewable raw
materials. Our products provide a climate-friendly alternative to many
non-renewable materials, and have a smaller carbon footprint. Stora Enso is
listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora Enso
employs some 27 000 people worldwide, and our sales in 2009 amounted to EUR 8.9
billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and
Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs
(SEOAY) in the International OTCQX over-the-counter market.