Stora Enso gets top rating for climate action

GreenPrint

Stora Enso has been classified as a global leader in terms of combatting global warming by the international not for profit organisation CDP, which works to drive sustainable economy. CDP has included Stora Enso on its new 2016 Climate A List, in recognition of the company’s long term actions and strategy to reduce emissions.

‘Combatting global warming requires long term efforts. Therefore Stora Enso has for over a decade been actively reducing the energy intensity of its operations and in many places also its dependency on fossil fuels,’ said Noel Morrin, executive vice president Sustainability.

‘Today, over 75% of the energy the group generates and uses comes from carbon neutral sources inside and outside the company. It is our firm intention to drive down fossil fuel use even more over the next ten years to get as close to zero as possible using technically and commercially feasible means.’

Stora Enso is among the 9% of corporations participating in CDP’s climate change programme to be awarded a position on the 2016 Climate A List.

Paul Simpson, chief executive officer of CDP, said: ‘We congratulate the 193 A List companies that are leading the charge towards our low carbon future. Companies are key actors in enabling the global economy to achieve its new climate goals, and the leadership of this group points the way for others to take bold action and capitalise on the many opportunities that await.’

Thousands of companies annually submit climate disclosures to CDP at the request of 827 investors representing USD 100 trillion in assets.