Business News

Stora Enso continues as top paper company in the Climate Disclosure Leadership Index

Tuesday 28. October 2008 - Stora Enso has maintained its position as the best paper and forest products company in the Nordic region regarding carbon emission disclosure. Stora Enso improved its performance in the Climate Disclosure Leadership Index (CDLI) and is now ranked the third best corporation among Nordic carbon-intensive companies.

The Carbon Disclosure Project’s Nordic report was launched today in Helsinki.
The report lists top companies that have integrated climate change into a key
part of their business strategies. The ranking is based on responses from 188
of the largest listed companies in the Nordic countries. Stora Enso has
participated in the Carbon Disclosure Project since 2003.

“Last year we defined our Group-level carbon footprint and set a CO2 reduction
target. The CDLI results clearly show that we are on the right track. Now we
are focusing on defining product-specific carbon footprints, which will help
our customers and ultimately consumers choose products with low climate
impacts,” says Eija Pitkänen, Head of Sustainability.

The Carbon Disclosure Project (CDP) is an independent non-profit organisation
backed by over 385 institutional investors with a combined USD 57 trillion of
assets under management. The CDP gathers information on corporations’
greenhouse gas emissions, climate change related risks and opportunities, and
sets standards for carbon disclosure methodology and processes. In 2008, over 1
550 corporations worldwide answered the CDP questionnaire.