Stora Enso
Stora Enso is a provider of renewable products in packaging, biomaterials and wooden construction.

Stora Enso, a provider of renewable products in packaging, biomaterials and wooden construction, has launched a combined Green and Sustainability-Linked Financing Framework to further integrate sustainability into its funding and financing activities.

The framework is based on Stora Enso’s sustainability agenda and goals, driving the transformation towards a circular bioeconomy. It allows Stora Enso to issue both green and sustainability-linked financing instruments, as well as a combination of the two.

The green financing element of the framework comprises of the following six eligible asset categories: sustainable forest management, sustainable product processes, energy efficiency, renewable energy and waste to energy, sustainable water management, and waste management and pollution control. 

The categories are designed to promote the transition towards a low-carbon and environmentally sustainable society in accordance with Stora Enso’s sustainability agenda. The sustainability-linked financing element specifies key performance indicators for Stora Enso’s performance on climate change, biodiversity and circularity.

Stora Enso says it has set an ambitious goal of offering 100% regenerative solutions by 2050. Being regenerative means providing renewable and fully circular products and solutions that help reduce climate impact and support biodiversity restoration. In terms of biodiversity, Stora Enso commits to achieving a net-positive impact on biodiversity in its own forests and plantations through active biodiversity management. For climate, Stora Enso has set an interim science-based target to halve its greenhouse gas emissions in own production and value chain by 2030 from the 2019 baseline.

“We are very pleased to further reinforce the connection between our sustainability agenda and financing strategy, demonstrating our strong commitment to creating value in the bioeconomy. With this framework, we transparently disclose the progress we are making to maximize our positive impact on the society, thus enabling investors to support our renewable materials journey,” says Kaarlo Höysniemi, SVP Group Treasury.

Stora Enso signed its first sustainability-linked revolving credit facility in 2017 and issued its first green bonds in 2019. In total, Stora Enso has issued eleven green bonds, bilateral loans or sustainability-linked facilities with a total nominal amount of approximately EUR 3.1 billion.

The Green and Sustainability-Linked Framework has been developed in accordance with the Sustainability-Linked Bond Principles 2020, Green Bond Principles 2021, Green Loan Principles 2023, as well as the Sustainability-Linked Loan Principles 2023.

Skandinaviska Enskilda Banken acted as advisor on the establishment of the Green and Sustainability-Linked Financing Framework. Stora Enso has engaged Sustainalytics as external reviewer to provide an independent second party opinion on the framework.

Packaging South Asia — resilient, growing and impactful — daily, monthly — always responsive

The multi-channel B2B in print and digital 17-year-old platform matches the industry’s growth trajectory. The Indian, South Asian, Southeast Asian, and Middle East packaging industries are looking beyond the resilience of the past three years. They are resuming capacity expansion and diversification, with high technology and automation in new plants and projects.

As we present our 2024 publishing plan, India’s real GDP growth for the financial year ending 31 March 2024 will exceed 6%. The packaging industry growth will match the GDP growth in volume terms and surpass it by at least 3% in terms of nominal growth allowing for price inflation in energy, raw materials, consumables, and capital equipment.

The capacity for flexible film manufacturing in India increased by 45% over the past four years. With orders in place, we expect another 20% capacity addition in 2024 and 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels are growing similarly. As the consumption story returns over the next six months, we expect demand to return and exceed the growth trajectory of previous years. The numbers are positive for most of the economies in the region – and as shown by our analytics, our platform increasingly reaches and influences these.

For responsible and sustainable packaging, with its attendant regulations and compliances, there is significant headroom to grow in India and the region. Our coverage includes the entire packaging supply chain – from concept to shelf and to waste collection, sorting, and recycling.

We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers. This is a large and complex canvas – the only thing that can work is your agile thinking and innovation together with our continuous learning and persistence.

The coming year looks to be an up year in this region, and this is the right time to plan your participation and marketing communication – in our rich and highly targeted business platform with human resources on the ground. Share your thoughts and plans to inspire and mobilize our editorial and advertising teams!

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– Naresh Khanna (25 October 2023)

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