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Stora Enso Sets a CO2 Reduction Target

2008-03-14 20:35 788

HELSINKI, Finland, March 14 /Xinhua-PRNewswire/ -- Stora Enso has published today its CO2 reduction target of 20% by 2020 in its Annual Report for 2007. The target covers Stora Enso’s direct CO2 emissions from production as well as indirect emissions from purchased electricity and heat. The baseline year for the target is 2006.

At the same time Stora Enso presents the results of its carbon footprint study. In addition to direct CO2 emissions from production units and indirect emissions from purchased electricity and heat the study also covers outsourced activities such as transportation and harvesting. Stora Enso’s carbon footprint study follows the widely accepted protocol set out by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD).

“Defining the carbon footprint is the first step in identifying business case opportunities to reduce emissions. We have now taken our commitment to the next level by setting a reduction target”, says Eija Pitkanen, Head of Sustainability at Stora Enso.

It is anticipated that the reduction will be primarily achieved through improvements in energy efficiency as well as increased use of biomass instead of fossil fuels.

Stora Enso’s Annual Report 2007 which contains more information on the CO2 reduction target and the results of the carbon footprint study is available at http://www.storaenso.com/annualreport .

Previous press releases concerning the Group’s actions to mitigate climate change are available at http://www.storaenso.com/press:

-- 5 November 2007: Stora Enso invests to improve energy efficiency and

cost leadership at mills in Belgium and Germany - Group takes

further steps to help to mitigate climate change

-- 4 October 2007: Stora Enso best paper company in the Climate

Disclosure Leadership Index

-- 19 June 2007: Stora Enso invests in its Mills in Sweden and Finland

-- 16 March 2007: Stora Enso and Neste Oil to join forces in biofuel

development

About Stora Enso

Stora Enso is an integrated paper, packaging and forest products company producing newsprint and book paper, magazine paper, fine paper, consumer board, industrial packaging and wood products. Stora Enso’s sales totalled EUR 13.4 billion in 2007. The Group has some 38 000 employees in more than 40 countries on five continents. Stora Enso has an annual production capacity of 13.1 million tonnes of paper and board and 7.5 million cubic metres of sawn wood products, including 3.2 million cubic metres of value-added products. Stora Enso's shares are listed in Helsinki and Stockholm.

Source: Stora Enso Oyj
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