To increase transparency, Stora Enso will establish a Forest division and start reporting it separately at the beginning of 2020. The new Forest division will include Stora Enso’s Swedish forest assets (including the recently-acquired Bergvik Skog Väst AB) and its 41% share of Tornator with the majority of its forest assets located in Finland.
The Forest division will also include wood supply operations in Finland, Sweden, Russia and Baltic countries. Tree plantations in the southern hemisphere linked to local pulp mills continue to be reported as before under the Biomaterials and Consumer Board divisions. After establishing the new Forest division, segment Other reporting will include Group functions, logistics and other operations
Stora Enso’s CEO, Karl-Henrik Sundström, says: “As a major player in the bioeconomy, access to wood is critical for us. Taking forest assets under direct ownership gives us more flexibility to optimise our wood supply and operations. Furthermore, as wood is the single most important raw material and the biggest share of our costs, as well as a large part of the balance sheet, it will make sense to increase the transparency of reporting now, when we have successfully finalised the acquisition of Swedish forest holdings.”
Today, Stora Enso has forest assets valued at more than EUR 4.1 billion (land and biological assets) in its balance sheet, the highest value being of biological assets of EUR 3.6 billion among Nordic companies. In Sweden, Stora Enso owns 1.4 million hectares of forest, of which 1.14 million hectares are productive forest land with standing stock of 143 million m³.
There are quite a few steps to the process of turning trees into premium office paper with extraordinary sustainability credentials. In this article we explain how our office paper is made.
This year started out on the road for the Multicopy sales and marketing team. In total we are participating in about ten European trade shows in January and February alone. And what a boost of energy it is to meet clients, suppliers, end users and industry colleagues! Thank you all for coming to our stand!
As the number of environmentally conscious businesses are growing, so is the interest for adding sustainable investments to the portfolio. Putting money in green bonds – earmarked loans to support environmentally-friendly and sustainable climate solutions – is a popular choice. And it’s the one that Stora Enso decided to go with in 2019 when a Green Bond programme was initiated.