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Stora Enso in 2020 We Want to Support Industries, Producers and Retailers in Meeting the Growing Demand for Eco- Friendly and Circular Solutions

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Stora Enso in 2020 We Want to Support Industries, Producers and Retailers in Meeting the Growing Demand for Eco- Friendly and Circular Solutions Stora Enso in 2020 We want to support industries, producers and retailers in meeting the growing demand for eco- friendly and circular solutions. We are the renewable materials company Significant potential the world today. Forest is a valuable, cash flow gives us flexibility. The market growing asset that ensures a long-term effects of Covid-19 have posed challenges for profitable growth fiber supply for our products. for our paper and pulp businesses. Our raw material is Our products Our renewable products The year 2020 was shaped We also adjusted our long-term financial With other parts of our diverse portfolio renewable, recyclable, replace fossil- contribute to a circular by an uncertain political and targets and our goal is to grow profitably by continuing to perform well, the overall more than 5% annually, excluding Paper. impact has been limited. and fossil-free. based materials. bioeconomy. economic landscape, but above The majority of our future growth will come all by the pandemic. In these from the high-margin packaging business, True to sustainability challenging times for societies, Building Solutions, and Biomaterials Sustainability is integral to our relevance companies, and individuals, innovations. as a business, our role as a responsible Stora Enso has remained member of society, and our ability to Sales Employees Sales by destination resilient. Our business is built on Innovation through collaboration contribute to a greener world. Our a renewable raw material, serving We will concentrate our innovation emphasis is on social, environmental, and Europe 72% global markets with products efforts and resources on new sustainable economic responsibility in our operations EUR 8.6 billion 23 000 Asia Pacific 18% that help consumers make packaging materials, sustainable barriers, and the value chain. North America 4% eco-friendly choices. and biochemicals. Speed to market is Production unit South America 2% essential and we will continue to push Competitive edge Sales office Other 5% this through collaboration and an open As I see it, the winners will be companies Design Studio Making choices innovation approach. that have businesses which are sustainable Innovation Centre for growth and value in the long term from an environmental, Forests and plantations We have renewed our strategy, entering Investments to support social and financial perspective, that stay a new phase in our transformation strategic focus and innovation close to their customers and innovate journey and shaping our business for Oulu Mill was converted from paper to based on consumers’ future needs, Personnel by country1 accelerated growth and value. We will kraftliner. This is a major step forward in and that can manage volatility. This is focus on Packaging, Building Solutions, our transformation. We are ramping-up Stora Enso’s competitive edge. Legend FinlandValue 26% in % and Biomaterials innovations. These the production of formed fiber products, The renewable future grows in 72% XX% Europe Sweden 21% are the areas where we have the leading investing in cross laminated timber (CLT) the forest. Asia Pacific 18% XX% China 15% XX% North America 4% market positions and are in the frontline of and a granulation and packing plant for South America Poland 8%2% XX% customer driven innovation. And we can lignin, and conducting a feasibility study on Other 5% XX% Total Germany101% 4%XX% build on strong and competitive assets to expanding pulp and board production. Russia 5% drive accelerated profitable growth. Other Europe 17% Although we have specific growth Business during the pandemic Brazil and Uruguay 3% areas, our ability to create value has We have built a strong liquidity position its foundation in forest. We are one and continue active working capital Annica Bresky Other countries 1% of the largest private forest owners in management and cost savings. A strong President and CEO 1 Including 50% of the employees at Veracel in Brazil and Montes del Plata in Uruguay. This is a summary of Stora Enso in 2020. The full annual report is available at storaenso.com/annualreport 1 Legend Value in % Finland 26% XX% Sweden 21% XX% China 15% XX% Poland 8% XX% Germany 4% XX% Russia 5% XX% Other Europe 17% XX% Brazil and Uruguay 3% XX% Other countries 1% XX% Total 100% XX% 1 1 This is Divisions in brief Packaging Materials Packaging Solutions Biomaterials Stora Enso Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden construction and paper. We employ some 23 000 people and have sales in more than 50 countries and our shares are listed on the Helsinki (STEAV, STERV) and Stockholm (STE A, STE R) stock exchanges. The Packaging Materials division The Packaging Solutions division The Biomaterials division is a global leader in the circular develops and sells premium meets the growing demand for Our fiber-based materials are renewable, recyclable and economy with our premium fiber-based packaging products and the replacement of products made fossil free. Our solutions offer low-carbon alternatives renewable and recyclable packaging services. Our high-end eco-friendly from fossil-based and hazardous to products based on finite resources. We believe that materials based on both virgin packaging products are used by materials with bio-based solutions. everything that is made from fossil-based materials today and recycled fiber. Addressing leading brands across multiple We use all fractions of biomass, like can be made from a tree tomorrow. the needs of today’s eco-conscious market sectors, including store retail, lignin and sugars, to develop new consumers, we help customers e-commerce and industrials. The solutions. We work to replace fossil- replace fossil-based materials portfolio includes corrugated and based materials with new applications with low-carbon, renewable and other converting, design services, such as carbon for energy storage, Our purpose: recyclable alternatives for their automation solutions, and scalable bio-based binders, and bio-based food and drink, pharmaceutical innovations such as formed fiber carbon fiber. The division’s offering or transport packaging. A wide and biocomposites. includes a wide variety of pulp grades Do good for people and selection of barrier coatings enables to meet the demands of paper, board, the planet. Replace fossil- design optimisation for various tissue, textile and hygiene product demanding packaging end-uses. producers as well as materials from based materials with side streams of our processes, such renewable solutions. as tall oil and turpentine from biomass. Our values: Wood Products Forest Paper Lead. Do What’s Right. The Wood Products division is The Forest division creates value Stora Enso is the second largest the largest sawn wood producer in with sustainable forest management, paper producer in Europe, with an Europe and a leading provider of competitive wood supply and established customer base and sustainable wood-based solutions innovation, which are the foundation a wide product portfolio for print for the construction industry. Our for Stora Enso’s renewable offerings. and office use. Customers benefit growing Building Solutions business The division manages Stora Enso’s from Stora Enso’s broad selection of offers building concepts to support forest assets in Sweden and the 41% paper products made from recycled low-carbon construction and eco- share of Tornator, the majority of whose and virgin fiber, our technical friendly designs. We develop digital forest assets are located in Finland. expertise and our sustainability tools to simplify the designing of The division is also responsible for know-how as well as our mill and building projects with wood. We also wood sourcing for Stora Enso’s customer service centre network. offer applications for windows, doors Nordic, Baltic and Russian operations and for packaging industries. and B2B customers. Stora Enso is one of the biggest private forest owners in the world. 2 3 How we create value as a renewable materials company Our solutions provide low-carbon alternatives to products based on finite resources. Key inputs Key outputs Key impacts • Investments in human rights due diligence programme • 22 human rights development actions • Respect for human rights in operations finalised in Group function processes • 23 000 direct employees and sales in more than 50 countries • Personnel turnover 13.0% • EUR 1 270 million salaries and benefits • OHS and well-being • 6.1 TRI rate • Impacts of injuries, illness, and well-being • Employee and leadership development • Illness related absenteeism 3.6% • Engaged and motivated employees and • Partnerships with communities and universities • Leadership index 84/100 a capable organisation Our fiber-based Social • EUR 2.7 million voluntary community investments • 343 voluntary community investment projects • EUR 980 million value through taxes borne • Business ethics and compliance • Code of Conduct index 86/100 and collected materials • Value creation with local communities CO • Value through ethical operations in the market place 2 are renewable CO2 CO 2 and recyclable. • 2.39 million hectares of lands we own or manage • 9.7 million tonnes of board, market pulp, and paper • Net climate impact of -11.5 million tonnes of CO2e • 35 million m3 of wood used • 5.3 million m3 of wood products • Other environmental impacts of operations and • EUR 91 million environmental investments • Certification coverage 98% for lands in wood production along the
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