green leaves

Sustainable finance

Stora Enso has integrated sustainability agenda to its funding and financial planning. The company aims to secure funding partners who prioritise sustainability and to influence the development of financial markets so that sustainability is an integral part of decision-making and credit evaluation.

Green and Sustainability-Linked Financing Report 2025

At the end of 2025, Stora Enso had twelve outstanding green bonds or private placements, with a total nominal amount of EUR 1,658 million. The proceeds fall into two of the eligible categories associated with Stora Enso’s Green and Sustainability-Linked Financing Framework: Sustainable forest management and Sustainable product processes. The report describes the projects financed with the proceeds and the achieved environmental impacts. 

Green and Sustainability-Linked Financing Report

Oulu mill

Green and Sustainability-Linked Financing Framework

Stora Enso's Green and Sustainability-Linked Financing Framework launched in May 2023 is based on the Group's sustainability agenda and goals, driving the transformation towards a circular bioeconomy. The framework allows Stora Enso to issue both green and sustainability-linked financing instruments, as well as a combination of the two.

The green financing element of the framework comprises of the following six eligible asset categories:

  1. Sustainable forest management
  2. Sustainable product processes
  3. Energy efficiency
  4. Renewable energy and waste to energy
  5. Sustainable water management
  6. Waste management and pollution control.

The sustainability-linked financing element specifies key performance indicators for Stora Enso’s performance on climate change, circularity, and biodiversity.

The Green and Sustainability-Linked Framework has been developed in accordance with the Sustainability-Linked Bond Principles (SLBP) 2020 and Green Bond Principles (GBP) 2021 published by the International Capital Markets Association (ICMA) as well as the Green Loan Principles (GLP) 2023 and Sustainability-Linked Loan Principles (SLLP) 2023 established by APLMA, LMA and the LSTA.

Sustainable finance contact

Kaarlo Höysniemi

Kaarlo Höysniemi

SVP Group Treasury
CFO Office

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