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Stora Enso’s Sustainability policy describes the group’s overall approach to this important topic. It focuses on areas which Stora Enso has identified as priorities. Stora Enso’s sustainability strategy is incorporated into the wider company business strategy.
During 2016 Stora Enso introduced a new framework for the group’s sustainability work, to build on all the work done over many years in this field. The new agenda builds a framework based on the classic Triple Bottom Line model widely used in corporate responsibility work. Stora Enso’s Sustainability Agenda encompasses the social, environmental, and economic responsibility of the group’s operations throughout the value chain. The agenda addresses ten topics of sustainability that are material to Stora Enso: Human Rights; Employees and wider workforce; Community; Business Ethics; Materials, water, and energy; Carbon dioxide; Forests, plantations, and land use; Customers; Suppliers; and Investors.
In line with the Sustainability Agenda the group has set ambitious targets and selected key performance indicators (KPIs) for its work. Progress is monitored in group-level and division-level business reviews. Consolidated results on all material sustainability indicators are reported annually.
Sustainability is the responsibility of line management supported by subject matter experts throughout the group. Each business division also has its own Head of Sustainability who reports directly to the Executive Vice President of the division. Stora Enso’s sustainability work is steered by the Sustainability Council, whose members come from the group’s five divisions, Sourcing and Logistics, and group Sustainability team. The CEO carries ultimate responsibility for successful implementation of Stora Enso’s Sustainability Agenda.
More information on Stora Enso’s approach to sustainability and consolidated results on all material sustainability key performance indicators are published in the separate Sustainability Report 2016.
The report contents have been assured by an independent third-party assurance provider with a level of limited assurance. A level of reasonable assurance has been provided for Stora Enso’s direct and indirect fossil CO2 emissions. The Board of Directors’ Sustainability and Ethics Committee has reviewed the disclosures in the Sustainability Report.
Environmental investments and liabilities
In 2016 Stora Enso’s environmental investments amounted to EUR 41 (EUR 41) million. These investments were mainly to improve the quality of air and water, to enhance resource efficiency and energy self-sufficiency, and to minimise the risk of accidental spills.
Stora Enso’s environmental costs in 2016 excluding interest and including depreciation totalled EUR 172 (EUR 183) million. These costs include taxes, fees, refunds, permit-related costs, and repair and maintenance costs, as well as waste water treatment chemicals and certain materials.
Provisions for environmental remediation amounted to EUR 100 (EUR 91) million at 31 December 2016, details of which are in Note 22, Other Provisions. There are currently no active or pending legal claims concerning environmental issues that could have a material adverse effect on Stora Enso’s financial position. Cost related to environmental remediation measures amounted to EUR 9 (6) million.