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    STERV   FI0009005961

STORA ENSO OYJ

(STERV)
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Delayed Quote. Delayed Nasdaq Helsinki - 07/23 11:29:43 am
16.6 EUR   +3.01%
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Stora Enso Oyj : joins WWF's Forests Forward impact platform

06/10/2021 | 05:06am EDT

Stora Enso has joined the new WWF platform, Forests Forward. The platform engages businesses and investors to deliver on forest related sustainability ambitions, such as biodiversity protection and forest restoration.

As participants in Forests Forward, companies commit to engaging in areas such as sustainable forest management and trade, better silviculture, reforestation and ecosystem restoration, and biodiversity protection and recovery. Forests Forward aims to support companies, investors and communities in improving the management of a targeted 150 million hectares of forest globally by 2030.

'Sustainable forestry and biodiversity are at the top of Stora Enso's forest management agenda. We can play a key role in contributing to more sustainable forest management, which will be enhanced with collaborations across the sector. The cooperation with WWF is a great example of a collaboration where we can exchange knowledge and findings to accelerate positive change together,' says Annette Stube, EVP, Sustainability at Stora Enso.

Forests Forward will enable companies to define and implement forward-looking, innovative pathways that have positive, clear impacts on forest landscapes. It will also enable investors to make a positive contribution to the global sustainability agenda. The platform includes an emphasis on communities and local forest management, calling for recognition of the critical role indigenous people and local communities play in forest conservation.

Forests Forward is a natural continuation for over 20 years of collaboration between Stora Enso and WWF. Within the WWF Forests Forward platform, Stora Enso cooperates with WWF Finland to promote the conservation and ecologically sustainable use of forests among private forest owners. Furthermore, together with WWF-Russia, Stora Enso supports sustainable forest management in the forest sector by promoting credible forest certification and good conservation values. At the end of 2020, the total area of forests in Russia certified by Stora Enso exceeded 1.3 million hectares.

About WWF Forests Forward
Forests Forward is WWF's main impact focused, multi-stakeholder forest sector engagement mechanism that shows the value of responsible production and sourcing of products that directly and indirectly relate to forests, and takes action to deliver positive impacts on forest landscapes, biodiversity, and people. At the heart of Forests Forward is a desire to demonstrate the full value of forests, not just for the wood they supply but for the many other benefits they provide.

For further information, please contact:
Ulrika Lilja
EVP, Communications and Marketing
tel. +46 72 221 9228

Part of the bioeconomy, Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has some 23 000 employees, and sales in over 50 countries. Our sales in 2020 were EUR 8.6 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). storaenso.com

STORA ENSO OYJ

Disclaimer

Stora Enso Oyj published this content on 10 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2021 09:05:02 UTC.


© Publicnow 2021
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Financials
Sales 2021 9 486 M 11 163 M 11 163 M
Net income 2021 812 M 955 M 955 M
Net Debt 2021 2 666 M 3 137 M 3 137 M
P/E ratio 2021 16,0x
Yield 2021 2,77%
Capitalization 13 214 M 15 545 M 15 551 M
EV / Sales 2021 1,67x
EV / Sales 2022 1,65x
Nbr of Employees 23 000
Free-Float 85,1%
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 16,60 €
Average target price 17,84 €
Spread / Average Target 7,46%
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Managers and Directors
Annica Bresky President & Chief Executive Officer
Seppo Matti Parvi Chief Financial Officer
Jorma Olavi Eloranta Chairman
Teemu Salmi Chief Information Officer
Hans Torgny Stråberg Vice Chairman
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