Stora Enso publishes Green and Sustainability-Linked Financing Report 2023

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Stora Enso releases its Green and Sustainability-Linked Financing Report for 2023, showcasing the allocation of green bond proceeds and environmental impacts. With EUR 2,594 million in total nominal amount from fourteen outstanding green bonds, the report focuses on sustainable forest management and product processes.

HELSINKI, March 28, 2024 /PRNewswire/ -- Stora Enso has published its Green and Sustainability-Linked Financing Report for 2023. It details how the proceeds of the green bonds are allocated and outlines the environmental benefits achieved through these bonds.

At the end of 2023, Stora Enso had fourteen outstanding green bonds or bilateral loans, with a total nominal amount of EUR 2,594 million. The proceeds fall into two of the eligible categories associated with Stora Enso's Green and Sustainability-Linked Financing Framework: Sustainable forest management and Sustainable product processes. The report describes the projects financed with the proceeds and the environmental impacts achieved.

"The report offers insights into our financing practices aligned with our sustainability targets and outlines how investors contribute to our journey. It highlights Stora Enso's potential to mitigate climate change and promote the circular bioeconomy through forests that sequester carbon and wood-based products replacing fossil-based alternatives," says Kaarlo Höysniemi, SVP Group Treasury.

The Green and Sustainability-Linked Financing Report and Framework are available on storaenso.com.

For further information, please contact:

Kaarlo Höysniemi
SVP Group Treasury
tel. +358 400 251 179
Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials and wooden construction, and one of the largest private forest owners in the world. We create value with our low-carbon and recyclable fiber-based products, through which we support our customers in meeting the demand for renewable sustainable products. Stora Enso has approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in OTC Markets (OTCQX) in the USA as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors  

STORA ENSO OYJ

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SOURCE Stora Enso Oyj

FAQ

What does Stora Enso's Green and Sustainability-Linked Financing Report for 2023 detail?

The report details the allocation of green bond proceeds and outlines the environmental benefits achieved through these bonds.

How much was the total nominal amount of Stora Enso's outstanding green bonds at the end of 2023?

The total nominal amount of Stora Enso's outstanding green bonds at the end of 2023 was EUR 2,594 million.

What are the eligible categories associated with Stora Enso's Green and Sustainability-Linked Financing Framework?

The eligible categories associated with Stora Enso's Green and Sustainability-Linked Financing Framework are Sustainable forest management and Sustainable product processes.

What does the report highlight about Stora Enso's potential?

The report highlights Stora Enso's potential to mitigate climate change and promote the circular bioeconomy through forests sequestering carbon and wood-based products replacing fossil-based alternatives.

Where can the Green and Sustainability-Linked Financing Report and Framework be found?

The Green and Sustainability-Linked Financing Report and Framework can be found on storaenso.com.