Stora Enso Oyj

Paper Products / Forest Products

STERV.HE

€ 12 1.8

Share price

$ 10 bn

Market Cap

$ 13 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

5.4x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -9.3% weighted average for S&P 500

FY2022

Stora Enso Oyj aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2019

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

In line with the +NaN% weighted average for S&P 500

FY2022

Stora Enso Oyj aims to reduce Scope 3 by 50% by 2030 from a base year 2019

1.5°C

GHG emissions and Carbon intensity

Stora Enso Oyj reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 2,350 Kt (-10 /-0.4% y-o-y). Also positively, carbon intensity plummeted to 195 t (-41 /-17.4% y-o-y).

Stora Enso Oyj's Scope 3 emissions soared to 7,830 Kt (+750/+11% y-o-y). The time series has been volatile over the last few periods.

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -102 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -458 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	2,350	2,100	240	7,830	12,079	195
2020Q4	2,360	2,180	320	7,080	10,015	236
2019Q4	2,870	2,240	490	7,420	11,301	254
2018Q4	3,220	2,480	890	7,470	12,397	260
2017Q4	3,080	2,340	900	7,540	11,339	272
2016Q4	3,010	2,390	770	7,110	10,803	279
2015Q4	3,090	2,240	1,190	7,260	11,246	275
2014Q4	3,450	2,400	1,410	6,880	13,470	256