Stora Enso acknowledged the concept of double materiality in its sustainability approach and reporting. The Group's impacts on the environment and people are reported in both the strategy and sustainability reporting section of the report. The most significant financial opportunities and risks related to sustainability topics are highlighted in the section strategy.

The process is progressing as planned, and the company are working closely with joint venture partners to manage the interest from potential buyers. The Packaging Solutions division is a packaging converter that provides premium fiber-based packaging products and services used by leading brands across multiple market areas, including retail, e-commerce, and industrial applications. The division also provides design and sustainability services for customers to optimise material use, logistics, and reduce CO2 emissions.

The first entrepreneurs started in Sweden in 2022, and four new harvesting partners have started their business during 2023. The concept continues to expand with new partners outside Sweden and has now been launched in also Finland, Lithuania, and Norway. The Sustainability and Communications Support Groups at both joint operations convene regularly with representation from both joint venture partners.

Stora Enso supports the European Green Deal, which provides an action plan to boost the economy through green technology, promoting sustainable industry and transport, and cutting pollution. In 2023, the Group continued its various nature conservation projects with WWF Finland and its long-term cooperation with the Swedish University of Agricultural Sciences (SLU) on biodiversity, forest growth and yield, and remote sensing. Through cooperation with local authorities and waste management companies, and by managing its own collection facilities, Stora Enso secures a sufficient supply of PfR.

Recycled newspapers and magazines are used to produce certain paper grades at Stora Enso's Langerbrugge site in Belgium, and recovered board is used to make specific containerboard grades at the Ostroleka site in Poland and at the Varkaus site in Finland. One of the pivotal legislative initiatives related to Stora Enso's product offering and circularity is the EU Packaging and Packaging Waste Regulation (PPWR), a fundamental pillar of the Circular Economy Action Plan of the European Green Deal. Using long-term energy supply contracts to ensure reliable energy supply.

Stora Enso works closely with logistics partners to identify and implement low-emission transport solutions for sold products to customers. In cases of non-conformity, Stora Enso takes a collaborative approach by working with the supplier to implement a corrective action plan. This plan requires the supplier's commitment, and Stora Enso's purchasers monitor its execution.

The auditor shall be an authorised public accounting firm, which appoints the responsible auditor. The Packaging Solutions division are joint arrangements, whereby the partners who have joint control of the arrangement have rights to the assets, and obligations for the liabilities, relating to the arrangement. Joint ventures are joint arrangements, whereby the partner who have joint control of the arrangements have rights to the net assets of the joint arrangement.

The Group has two joint operations, Veracel and Montes del Plata. The Packaging Solutions division was a packaging converter that provides premium Fiber-based packaging products and services use by leading brands across multiple market area, including retail, e- commerce, fresh produce, and industrial applications. The company also provides design and sustainability services For further details about the pilot, please see the case study at littleblue research.com.

Stora Enso has participated in the WBCSD's TNFD pilot project 'Roadmap to Nature Positive' which provides an analysis for forest products value chain having high impact on nature. Joint control is the contractually agreed sharing of control of the joint arrangement, which exists only when decisions on relevant activities require the unanimous consent of the parties sharing control. Joint operations are joint arrangements, whereby the partnership who have joint control of the agreement have rights to the assets.