Stora Enso, a global leader in renewable products, has recently released its Green and Sustainability-Linked Financing Report for 2023. This report provides a detailed overview of how the proceeds from the company’s green bonds are being utilized and the positive environmental impacts being achieved.
By the end of 2023, Stora Enso had a total of fourteen outstanding green bonds or bilateral loans amounting to EUR 2.594 million. These proceeds are allocated to projects related to sustainable forest management and sustainable product processes as per Stora Enso’s Green and Sustainability-Linked Financing Framework. The report outlines the specific projects funded by these proceeds and the environmental benefits they have generated.
Kaarlo Höysniemi, SVP Group Treasury at Stora Enso, emphasized the company’s commitment to sustainability by stating, “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.”
Stora Enso encourages interested parties to access the Green and Sustainability-Linked Financing Report and Framework on their official website for further information. For any specific inquiries, individuals can reach out to Kaarlo Höysniemi, SVP Group Treasury, or Anna-Lena Åström, SVP Investor Relations, using the provided contact details.
As part of the global bioeconomy, Stora Enso specializes in providing renewable products in packaging, biomaterials, and wooden construction. With a strong focus on sustainability, the company offers low-carbon and recyclable fiber-based products to support customers in meeting the growing demand for renewable and sustainable solutions. With around 20,000 employees and sales of EUR 9.4 billion in 2023, Stora Enso continues to drive innovation in the field of renewable materials.
Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R), with additional trading options in the USA through ADRs and ordinary shares on OTC Markets (SEOAY, SEOFF, SEOJF).
To learn more about Stora Enso’s sustainability efforts and green financing initiatives, visit their official website at storaenso.com. This information was originally published by Stora Enso Oyj and distributed through Cision. More details can be found at the source link provided.
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