Stora Enso’s remuneration policy, published in January 2020, has been ranked the best for Large Cap companies in Finland.
The members of the ranking committee include representatives from the pension insurance company Varma, the Directors’ Institute of Finland, and Nasdaq. The aim of the ranking is to promote good governance practices. Analysis of the remuneration policies for governance bodies was based on, for example, the content, relevance and readability of the text, and how easy it is to find the document.
Stora Enso’s remuneration policy was particularly praised for its connection to the Group's strategy and sustainability work. The policy was also considered thorough and precise.
“This is a highly appreciated accolade for the work we have done in Stora Enso to prepare this policy. The remuneration elements must drive the company’s business strategy and its long-term financial interests. Stora Enso’s clear and transparent remuneration policy is formulated to achieve that goal,” says Jorma Eloranta, Chair of Stora Enso’s Board of Directors and its Remuneration Committee.