Packaging material supplier Stora Enso has signed up to The Climate Pledge, furthering its commitment to being not only a net-zero business but also being net carbon positive.
Stora Enso has a long-term ambition to become net carbon positive and to offer 100% regenerative products and solutions by 2050. The business remains committed to deliver on its existing 2030 target to reduce absolute Scope 1, 2 and 3 emissions by 50% from the 2019 baseline. This target is aligned with the 1.5-degree scenario and is approved by the Science Based Targets initiative (SBTi).
Stora Enso has stated that it will ‘continue its decarbonisation journey’ to improve energy efficiency and to switch from fossil-based energy sources to renewable ones. Stora Enso will further improve its Scope 3 performance by enhancing efficiency and lowering carbon intensity in the value chain, collaborating with its raw material suppliers, logistics suppliers and customers.
As a signatory of The Climate Pledge, Stora Enso has also now agreed to:
- Measure and report greenhouse gas emissions on a regular basis;
- Implement decarbonisation strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions and other carbon emission elimination strategies; and
- Neutralise any remaining emissions with additional, quantifiable, real, permanent and socially beneficial offsets to achieve net-zero annual carbon emissions by 2040.
