5627 GA Eindhoven
The renewable materials company Stora Enso has become the first forest products company to set ambitious science-based greenhouse gas (GHG) emission reduction targets to address significant emissions along the company’s value chain. The targets have been approved by the Science Based Targets initiative.
“For over a decade we have been actively reducing the energy-intensity of our operations and our dependence on fossil fuels,” says Stora Enso CEO Karl-Henrik Sundström. “As a company operating in a bioeconomy and using renewable raw materials, we are in a unique position to take the next step. We are now committing to further reducing our CO2and other greenhouse gas emissions in line with the 2°C limit set for global warming by the Paris Agreement. The new targets coveremissions from our own operations, but also includes engagement targets for our partners all through the value chain.”
The target commits Stora Enso to reducing greenhouse gas (GHG) emissions from operations by 31% per tonne of pulp, paper and board produced by 2030 from a 2010 base-year. To reduce emissions in the value chain, Stora Enso commits to have 70% of non-fibre suppliers and downstream transportation suppliers in terms of spend set their own GHG reduction targets by 2025, towards the aim that these suppliers adopt science-based GHG reduction targets by 2030. In addition, the company will educate 100% of customer-facing staff on the advantages of setting science-based targets by 2020.
Science Based Targets initiative mobilizes companies to set science-based targets and boost their competitive advantage in the transition to the low-carbon economy. It is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The initiative defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.