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Sustainability Financials Governance Part of Stora Enso’S Annual Report2019 Sustainability

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Sustainability Financials Governance Part of Stora Enso’S Annual Report2019 Sustainability Strategy Strategy Annual Report 2019 Sustainability Our sustainability work Part of Stora Enso’s Annual Report 2019 covers social, environmental, and economic responsibility throughout our value chain, with human rights integrated Sustainability Sustainability into everything we do. Financials Financials Governance Governance Contents Strategy Annual Report 2019 We create a renewable future Governance ......................................... 4 with sustainable Strategy, governance, and stakeholders .................................. 5 Our targets ............................................ 9 forestry. Adopting the SDGs ..............................10 Sustainability Human rights .......................................12 Economic agenda ............................ 55 Customers .......................................... 56 Suppliers ............................................. 60 Investors ............................................. 64 External recognition ........................... 66 Financials Social agenda ....................................16 Environmental agenda .................... 31 Data and assurance ......................... 67 Employees and wider workforce.........17 Materials, water, and energy .............. 32 Reporting scope ................................. 68 Community ......................................... 22 Carbon dioxide ................................... 42 Data by production unit ...................... 69 Business ethics .................................. 27 Forests, plantations, and land use ..... 48 Auditor’s assurance report ................. 72 Print optimised The report contents have been assured by A4 an independent third-party assurance provider Governance with a level of Limited Assurance. A level of Reasonable Assurance has been provided for our direct and indirect fossil CO2e emissions. Download printable PDF of The GRI index is available at Stora Enso’s Annual Report 2019 storaenso.com/gri2019 Strategy Annual Report 2019 Sustainability Governance Strategy, governance, and stakeholders Our targets Sustainability Adopting the SDGs Human rights Social agenda Employees and wider workforce Sustainability Community Business ethics at Stora Enso Environmental agenda Materials, water, and energy At Stora Enso, sustainability covers the social, Carbon dioxide environmental, and economic responsibility of Financials Forests, plantations, and land use our operations. We care for people and the planet – from the forest to innovation, manufacturing, Economic agenda product use, and end-of-life, with human rights Customers integrated into all that we do. Suppliers Investors Data and assurance Reporting scope Data by production unit Auditor’s assurance report Governance We are the renewable Our raw material is Our products Our renewable products GRI Index renewable, recyclable, replace fossil- contribute to a circular materials company and fossil-free. based materials. bioeconomy. 3 Stora Enso 2019: Sustainability Strategy Annual Report 2019 Our year 2019 In 2019, we continued to innovate for a renewable future and supported our customers in meeting consumer demand for sustainable products. Here are some of the highlights of our year throughout our value chain. – Our year 2019 Sustainability Working together for safety Governance Reusing waste Integrating Stora Enso arranged a global Our utilisation rate sustainability Strategy, governance, and stakeholders Safety Week. for process residuals and finance Our targets and waste was Sustainability Read more on page 19 Stora Enso issued its first Adopting the SDGs Green Bonds in February Leadership performance Human rights 2019 collecting Sustainable forestry 84% of our employees reported Enhanced culture of that their manager was able to speaking up Social agenda 98% SEK 6 billion 100% of our wood comes create diverse teams. Read more on page 32 Read more on page 64 from sustainable sources Our formal grievance Employees and wider workforce Read more on page 20 where biodiversity values mechanism was opened to Community are secured. all stakeholders globally. Business ethics Read more on page 48 Read more on page 27 Environmental agenda Employee Materials, water, and energy volunteering Carbon dioxide Supply chain sustainability Financials Forests, plantations, and land use Combatting global warming Strengthening our human We conducted three deep Sustainable innovations 1 771 dives to better understand rights due diligence replacing fossil-based of our employees were Our CO2e emissions were specific supply chains materials Economic agenda involved in community 25% lower than the 2010 We identified development and support suppliers in investment activities Customers base-year level. areas related to our priority improving their operations. Innovations published during during working hours. human rights and defined 2019 will replace fossil-based Read more on page 42 Read more on page 60 Suppliers actions to address them. materials in lithium-ion Read more on page 22 batteries, food packaging, Investors Read more on page 12 and cosmetics packaging. Read more on page 56 Data and assurance CO Reporting scope 2 Data by production unit Auditor’s assurance report Governance GRI Index Strategy Annual Report 2019 Sustainability is integrated into Sustainability our strategy and Governance Strategy, governance, and stakeholders Our targets innovation work. Sustainability Adopting the SDGs Human rights Social agenda Employees and wider workforce Community Business ethics Environmental agenda Materials, water, and energy Carbon dioxide Financials Forests, plantations, and land use Economic agenda Customers Suppliers Investors Governance Data and assurance Strategy, governance, and stakeholders 5 Reporting scope Our targets 9 Data by production unit Adopting the SDGs 10 Auditor’s assurance report Governance Human rights 12 GRI Index 5 Stora Enso 2019: Sustainability Strategy Stora Enso’s strategy for growth is based on customer insights Annual Report 2019 Strategy, governance, and innovation, supported by structured processes and motivated employees, and underlined and encircled by sustainability. The demand for food, clothing, housing, energy, infrastructure, and and stakeholders consumer products continues to increase, driven by global megatrends such as population growth, urbanisation, rising incomes, The world needs a new approach to materials. and changing lifestyles. More people and more consumption mean that the planet’s resources are being stretched even further. Forests play an important role in the transition to By replacing fossil-based materials with Stora Enso’s renewable – Governance – Strategy, governance, and stakeholders Sustainability a fossil-free, more sustainable world. solutions, we will help drive the transition from a fossil fuel consuming world into a sustainable future based on the bioeconomy. By responding to today’s challenges and demands for a greener Governance planet, we bring value to our customers, employees, investors, suppliers, Strategy, governance, and stakeholders and other stakeholders. Sustainability is central to our strategy, innovation framework, and how we support customers with renewable products Sustainability Our targets based on raw materials from sustainably managed forests. Adopting the SDGs Our Sustainability Agenda encompasses the social, environmental, and economic responsibility of our operations throughout the value Human rights chain. The agenda is based on the Triple Bottom Line framework widely used in corporate responsibility work. It addresses the ten sustainability topics identified as material to Stora Enso and our key Social agenda stakeholders: Employees and wider workforce; Community; Business Employees and wider workforce ethics; Materials, water, and energy; Carbon dioxide; Forests, plantations, and land use; Customers; Suppliers; and Investors. Community Respect for human rights is considered so integral to our long-term Business ethics success that it is an overarching theme of our Sustainability Agenda. In line with the agenda, we have set targets and defined key performance indicators (KPIs) for our sustainability work. Progress Environmental agenda is regularly monitored at Group level and via division-level business reviews. Consolidated results on our performance are reported Materials, water, and energy annually in our Sustainability report. Selected sustainability indicators Carbon dioxide are also reported quarterly in our Interim Reports. Stora Enso acknowledges the importance of the United Nations Financials Forests, plantations, and land use Sustainable Development Goals (SDGs) as part of a commonly agreed global ambition to end poverty, protect the planet, and improve the lives and prospects of everyone, everywhere. Read more about our Economic agenda approach to the SDGs on pages 10–11. Customers Sustainability governance Suppliers At Stora Enso, sustainability is promoted by the Board of Directors, Investors the President and CEO (CEO), and the Group Leadership Team (GLT). The CEO holds the ultimate responsibility for the successful implementation of our sustainability strategy. Data and assurance The Board of Directors’ Sustainability and Ethics Committee oversees the implementation of our sustainability strategy and the Reporting scope ethics and compliance strategy. The committee met four times Data by production unit in 2019 and has reviewed the disclosures in this report. The main focus areas of the committee during the year are described in our Auditor’s assurance report
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