(BRIEF) Stora Enso has published its Green and Sustainability-Linked Finance Report 2023, highlighting the allocation of proceeds from green bonds and bilateral loans. The report highlights the environmental benefits achieved through sustainable forest control projects and production processes. With a nominal price of €2,594 million spread across fourteen outstanding bonds, the report highlights Stora Enso’s commitment to climate change mitigation and the promotion of the circular bioeconomy. The report and framework are available on the Stora Enso website.
(PRESS RELEASE) HELSINKI, March 28, 2024 — /EuropaWire/ — Stora Enso (HEL: STERV), a leading provider of renewable responses in packaging, biomaterials, wood structures and paper, presents its latest FY2023 Green and Sustainability-Linked Financial Report, highlighting the concrete effects of its green bonds on environmental sustainability. The report meticulously describes the allocation of proceeds from green bonds and bilateral loans, highlighting the environmental transformation they have facilitated.
At the end of 2023, Stora Enso was proud to hold fourteen notable green bonds or bilateral loans, with a truly considerable amount of €2,594 million in total face value. This budget has been meticulously channelled towards projects in two key categories eligible under the Green and Sustainability-Related Financing Framework: sustainable forest management and sustainable production processes. The report highlights the express projects financed through that budget, highlighting the remarkable environmental effects they have generated.
Kaarlo Höysniemi, Group Senior Vice President of Treasury at Stora Enso, underlines the importance of the report, stating: “The report provides insights into our financial practices aligned with our sustainability goals and outlines how investors are contributing to our journey. It highlights Stora Enso’s prospects for climate mitigation, replacing and publicizing circular bioeconomy forests that sequester carbon and wood-based products as a replacement for fossil alternatives,”
The full Green and Sustainability-Linked Finance Report, as well as the framework, can be easily consulted on Stora Enso’s official website, storaenso. com, giving stakeholders a perfect overview of the company’s sustainable finance initiatives.
The report and framework on financing green and sustainable progress are available on storaenso. com.
As a player in the global bioeconomy, Stora Enso is a leading supplier of renewable products in the fields of packaging, biomaterials and wood construction, and one of the largest owners of personal forests in the world. We create prices with our recyclable and low-carbon materials. fibre products, through which we help our consumers meet the demand for sustainable and renewable products. Stora Enso has around 20,000 employees and our turnover in 2023 will be €9. 4 billion. Stora Enso shares are indexed to Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded on the U. S. OTC (OTCQX) markets in the form of ADRs and common shares (SEOAY, SEOFF, SEOJF). storaenso. com/investisseurs
SOURCE: STORA ENSO OYJ
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