Stora Enso has been included for the 10th consecutive year in the FTSE4Good Index Series, one of the most widely recognized indexes for socially responsible investments. Companies chosen for the FTSE4Good Index Series must meet stringent social, ethical and environmental criteria. The FTSE4Good index facilitates responsible investments by continuously measuring the performance of leading companies.
The criteria used for the index cover environmental management, climate change, human rights, supply chain labour standards, and efforts to counter bribery. The criteria are regularly revised to ensure that they reflect the highest standards of responsible business practice.
"For us, being listed in the FTSE4Good index for the 10th year running is a sign of real improvement. The index is uncompromising - if you stop improving, you risk dropping out," says Stora Enso CEO Jouko Karvinen. "This fits well with the way we see corporate responsibility at Stora Enso. It is not something you accomplish once and then stop working on - it forms the core of everything we do, and we have to find ways to improve every day."
The FTSE4Good index is revised twice a year, when companies receive information about whether they have been selected for the list. The index has been designed by FTSE with the support of UNICEF, and uses data provided by the Ethical Investment Research Service (EIRIS).