CDP, the international non-profit organisation that promotes sustainability, has identified Stora Enso as a Nordic leader in disclosing climate change data to investors and other stakeholders. In CDP’s Nordic Climate Disclosure Leadership Index (CDLI), Stora Enso receives a score of 99/100. High scores within the index indicate that a company provides robust climate data with a high level of transparency.
“Since our core business is based on renewable raw materials, we are in a unique position when it comes to controlling our carbon emissions,” says Noel Morrin, EVP Global Responsibility at Stora Enso. “Combating global warming is a top priority and our commitment to transparent reporting helps us make the right decisions that can drive change.”
In order to be ranked in the index, CDP performs an independent assessment on the company’s climate work. The constituent organisations within CDLI are ranked within the top 10% in their respective region.
Paul Dickinson, executive chairman and co-founder of CDP says: “As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable. For this reason we congratulate those businesses that have achieved a position on CDP’s Climate Disclosure Leadership Index.”
At the request of 822 investors who represent EUR 86 trillion in assets, thousands of companies submit annual climate disclosures to CDP. Top scores assure investors that companies are accountable and well prepared to respond to changes in market demands and emission regulations.
For further information, please contact:
Noel Morrin, EVP Global Responsibility, tel. +46 7307 68898
Ulrika Lilja, EVP Global Communications, tel. +46 1046 71668
About CDP
CDP, formerly Carbon Disclosure Project, is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 822 institutional investors with assets of €86 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. More than 5 500 companies disclosed environmental information through CDP in 2015. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. www.cdp.net https://www.cdp.net/CDPResults/CDP-Nordic-climate-change-report-2015.pdf
Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wood and paper on global markets. Our aim is to replace non-renewable materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 27 000 people in more than 35 countries, and our sales in 2014 were EUR 10.2 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) on the International OTCQX over-the-counter market.