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Stora Enso named Supplier Engagement Leader by CDP for its supplier engagement on climate change

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Stora Enso named Supplier Engagement Leader by CDP for its supplier engagement on climate change

February 10, 2021 - 12:05
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HELSINKI, Feb. 9, 2021 (Press Release) -Stora Enso has been named a Supplier Engagement Leader for supplier engagement on climate change by the CDP.

The CDP Supplier Engagement Rating (SER) provides a rating for how effectively companies are engaging their suppliers on climate change. The companies with the best SER are celebrated as Supplier Engagement Leaders – which this year is the top 7% of companies who disclosed to the full CDP climate questionnaire.

“Companies’ emissions don't end at the factory door. In fact, CDP data shows a company's supply chain emissions are over 11.4 times greater than its direct emissions on average. Meaningful corporate climate action means engaging with suppliers to reduce emissions across the value chain. Despite the challenges from COVID-19, in 2020 nearly 400 companies achieved a place on CDP's Supplier Engagement Leaderboard. Congratulations to these companies – as Supplier Engagement Leaders, they are driving the transition towards the net-zero sustainable economy,” says Sonya Bhonsle, Global Head of Value Chains, CDP.

“To achieve the ambitious climate goals of our company, we drive change in our extensive supply chain. We encourage our suppliers to set their own climate targets, use supplier CO2 emission levels and trends as part of sourcing decisions, and work towards lower CO2 emissions from our logistics. We further strengthened this ambition in 2020 by adding greenhouse gas requirements to our updated Supplier Code of Conduct ,” says Johanna Hagelberg, EVP Sourcing and Logistics at Stora Enso.

Stora Enso’s science-based targets

With its science-based targets, Stora Enso commits to reducing greenhouse gas (GHG) emissions from operations by 31% per tonne of pulp, paper, and board produced by 2030, compared to a 2010 baseline. To reduce emissions in our value chain, we also commit to ensuring 70% of our non-fiber suppliers and downstream transportation suppliers in terms of spend set their own GHG reduction targets by 2025, and adopt science-based GHG reduction targets by 2030.

Stora Enso’s updated Supplier Code of Conduct

Stora Enso’s updated Supplier Code of Conduct became valid at the beginning of 2021. It expresses more explicitly the requirement for our suppliers to actively monitor, report, and strive to reduce greenhouse gas emissions from their operations and value chain. The Supplier Code of Conduct is a legally binding document that our suppliers must commit to.

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.