Stora Enso Oyj R shares represent the R class shares of Stora Enso Oyj, a global renewable materials company headquartered in Helsinki, Finland. These shares provide holders with equal dividend rights... Stora Enso Oyj R shares represent the R class shares of Stora Enso Oyj, a global renewable materials company headquartered in Helsinki, Finland. These shares provide holders with equal dividend rights to A shares but carry reduced voting power, with every ten R shares equating to one vote at the Annual General Meeting. The company operates through key segments including Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, and others, delivering sustainable solutions such as fiber-based packaging, pulp for paper and hygiene products, wood construction materials, and biomass-derived chemicals like tall oil and turpentine. Stora Enso focuses on replacing fossil-based materials with renewable, recyclable alternatives, serving industries like retail, e-commerce, pharmaceuticals, and construction across more than 30 countries with around 19,000 employees. As part of a dual-class structure common in Nordic markets, R shares enhance liquidity while supporting long-term governance stability, playing a vital role in the basic materials sector, particularly paper and forest products.
In 2024, Stora Enso was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Stora Enso has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Stora Enso are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
Metric
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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1.3 CCM/CCA - Forest management
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c
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3.5 CCM/CCA - Manufacture of energy efficiency equipment for buildings
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4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy
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c
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Metric
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned Opex
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Total Taxonomy Eligible Opex
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c
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1.3 CCM/CCA - Forest management
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c
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1.4 CCM/CCA - Conservation forestry
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c
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2.4 PPC - Remediation of contaminated sites and areas
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3.4 CCM/CCA - Manufacture of batteries
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3.5 CCM/CCA - Manufacture of energy efficiency equipment for buildings
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4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy
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Metric
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned Capex
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Total Taxonomy Eligible Capex
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1.3 CCM/CCA - Forest management
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c
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3.4 CCM/CCA - Manufacture of batteries
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c
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3.5 CCM/CCA - Manufacture of energy efficiency equipment for buildings
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b
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c
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4.15 CCM/CCA - District heating/cooling distribution
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c
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4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy
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b
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c
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7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies
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Limited Data Preview
You are viewing a limited preview of Stora Enso’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Stora Enso’s EU Taxonomy Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Stora Enso’s data sources below and access millions more through our Disclosure Search.
a. Stora Enso's Annual Report 2024
b. Stora Enso's Annual Report 2023
c. Stora Enso's Annual Report 2022
Insights into Stora Enso's Revenues from Sustainable Activities
In 2024, Stora Enso reported EU Taxonomy-eligible revenues of EUR 568.00 million, representing 6.3% of its total turnover. Of this amount, EUR 428.00 million of Stora Enso's revenues was classified as EU Taxonomy-aligned, indicating that 4.7% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Stora Enso's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover
Have Stora Enso's revenues become more sustainable over time?
Since 2022, Stora Enso's taxonomy-aligned revenues decreased by 27.69%, indicating a long-term decline in environmentally sustainable revenue performance.a, c
Compared to the previous year (2023), Stora Enso's taxonomy-aligned revenues decreased by 2.08%, suggesting that Stora Enso may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.a, b
How much of Stora Enso's revenue is eligible under the EU Taxonomy?
In 2024, Stora Enso reported that EUR 568.00 million of its revenue was eligible under the EU Taxonomy, representing 6.3% of the company's total turnover. Of this amount, EUR 428.00 million (4.7% of total revenue) was classified as Taxonomy-aligned. This means that 1.6% of Stora Enso's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Stora Enso's eligible revenue is aligned with the EU Taxonomy?
In 2024, Stora Enso reported that EUR 428.00 million of its revenue was aligned under the EU Taxonomy, representing 4.7% of its total turnover.a
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
Stora Enso's Eligibility & Alignment Overview
Stora Enso's Contribution to Environmental Objectives
Total Taxonomy Aligned Turnover
How is Stora Enso's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Stora Enso reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 4.7%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Stora Enso earn from selling climate-related solutions ?
In 2024, Stora Enso reported that EUR 425.91 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 4.7% of the company's total revenue,indicating that Stora Ensohas limited exposureon solutions that support climate action through its commercial activities.a
Insights into Stora Enso's CAPEX from Sustainable Activities
In 2024, Stora Enso reported EU Taxonomy-eligible CAPEX of EUR 73.00 million,representing 6.7% of its total CAPEX. Of this amount, EUR 64.00 million of Stora Enso's CAPEX was classified as EU Taxonomy-aligned, indicating that 5.9% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Stora Enso's Taxonomy-Eligible Capex Over Time
Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex
Have Stora Enso's increased its investment in sustainable activities over time?
Since 2022, Stora Enso's taxonomy-aligned capital expenditure (CAPEX)decreased by 1.67%,indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.a, c
Compared to the previous year (2023), Stora Enso's taxonomy-aligned CAPEX increased by 3.51%,highlighting Stora Enso's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a, b
How much of Stora Enso's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Stora Enso reported that EUR 73.00 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 6.7% of the company's total CAPEX. Of this amount, EUR 64.00 million (5.9% of total CAPEX) was classified as Taxonomy-aligned. This means that 0.8% of Stora Enso's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Stora Enso's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Stora Enso reported that EUR 64.00 million of its CAPEX was aligned under the EU Taxonomy, representing 5.9% of its total capital investment.a
This low alignment reflects that Stora Enso is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Stora Enso's Eligibility & Alignment Overview
Stora Enso's Contribution to Environmental Objectives
Total Taxonomy Aligned Capex
How is Stora Enso's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Stora Enso reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 5.9%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Stora Enso is investing in climate-related solutions?
In 2024, Stora Enso allocated EUR 64.31 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 5.9% of the company's total capital expenditure,indicating that Stora Ensohas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into Stora Enso's OPEX from Sustainable Activities
In 2024, Stora Enso reported EU Taxonomy-eligible OPEX of EUR 94.00 million,representing 12.5% of its total operating expenses (OPEX). Of this amount, EUR 68.00 million of Stora Enso's OPEX was classified as EU Taxonomy-aligned, indicating that 9.1% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Stora Enso's Taxonomy-Eligible Opex Over Time
Total Taxonomy Eligible Opex
Total Taxonomy Aligned Opex
Have Stora Enso's increased its spending in sustainable activities over time?
Since 2022, Stora Enso's taxonomy-aligned operating expenditure (OPEX)decreased by 11.65%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.a, c
Compared to the previous year (2023), Stora Enso's taxonomy-aligned OPEX decreased by 8.08%, suggesting that Stora Enso may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.a, b
How much of Stora Enso's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Stora Enso reported that EUR 94.00 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 12.5% of the company's total OPEX. Of this amount, EUR 68.00 million (9.1% of total OPEX) was classified as Taxonomy-aligned. This means that 3.4% of Stora Enso's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Stora Enso's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Stora Enso reported that EUR 68.00 million of its OPEX was aligned under the EU Taxonomy, representing 9.1% of its total operational expenditure.a
This low alignment reflects limited operational focus on green activities, suggesting that sustainability considerations have yet to be fully integrated into core operating processes.
Stora Enso's Eligibility & Alignment Overview
Stora Enso's Contribution to Environmental Objectives
Total Taxonomy Aligned Opex
How is Stora Enso's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Stora Enso reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 8.8%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0.3%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Stora Enso's operational budget supports climate-related solutions?
In 2024, Stora Enso allocated EUR 65.74 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 8.8% of the company's total OPEX,indicating that Stora Ensohas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.a
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