FINLAND – Stora Enso, a Finnish pulp and paper maker has committed to achieving net-zero carbon emissions by 2040.
This commitment comes as Stora Enso joins The Climate Pledge, an initiative co-founded by Amazon and Global Optimism to bring together companies to reach the goals of the Paris Agreement.
Embracing this commitment, Stora Enso aims to transition to a net carbon-positive state by 2050, delivering entirely regenerative products and solutions.
To meet its objectives, Stora Enso has set a 2030 target to slash absolute Scope 1, 2, and 3 emissions by 50% from its 2019 baseline. This target, harmonized with the 1.5 degrees Celsius scenario, holds approval from the Science Based Targets initiative.
The company’s dedication to The Climate Pledge translates into a concerted decarbonization effort. It emphasizes elevating energy efficiency and shifting from fossil-based to renewable energy sources.
Additionally, Stora Enso prioritizes improving Scope 3 performance, aiming to reduce carbon intensity throughout its value chain. This approach involves collaboration with raw material suppliers, logistics partners, and customers to collectively curb the carbon footprint.
Since its inception, The Climate Pledge has garnered 458 signatories across 58 industries, Stora Enso among them. These signatories commit to three key areas — regular reporting, carbon elimination, and credible offsets.
Stora Enso’s commitment involves comprehensive decarbonization strategies, fundamentally altering business operations. It emphasizes efficiency enhancements, renewable energy adoption, material reduction, and innovative carbon emission elimination methods.
The company pledges consistent monitoring and reporting of greenhouse gas emissions to ensure transparency and accountability in pursuit of emission reduction objectives.
Furthermore, any residual emissions will be neutralized through additional, quantifiable, tangible, permanent, and socially beneficial offsets.
This comprehensive approach underscores Stora Enso’s dedication to combatting climate change and fostering a sustainable future.
In a separate development, the company has shut down a paper machine at its Anjalakoski mills in Finland to adjust production to market developments and to concentrate production of book paper on one machine.
Production on PM 3 was discontinued on 28 November. It will take around 250,000 tpy of production capacity for printing paper from the market.
Previously, the two paper machines at the mill produced magazine paper and newsprint in addition to book paper and had a combined capacity of 435,000 tpy.
At its Anjalakoski mill complex, consisting of the formerly separately named neighboring Anjala (paper) and Ingerois (cartonboard) mills, Stora Enso has a remaining output capacity of 310,000 tpy of folding boxboard and around 180,000 tpy of printing paper following the closure of PM 3.
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