By the end of 2024, Stora Enso achieved a 53% reduction in Scope 1 and 2 emissions, surpassing the target of a 50% reduction by 2030 from the 2019 base year. This milestone reflects the group's long term commitment to proactive decarbonisation efforts
In 2021, the company set its ambition to align with the 1.5 degree scenario of the Paris Agreement with a target of absolute Scope 1 and 2 emission reduction by 50% by 2030 from the 2019 base year.
The 53% reduction by the end of 2024 is mainly attributed to mitigation measures, such as fuel switches and improvements in energy efficiency, and the impact from site closures.
While Stora Enso acknowledges this progress, the group's target is to maintain this level until 2030 and explore opportunities to further improve.
‘I am pleased to share this progress on our path towards net zero as part of our long term commitment to sustainability. Through driving efficiency in the way we work, we are able to reduce our climate impact and support our customers achieve their climate ambitions,’ said Hans Sohlström, president and CEO.
The company’s science based target also includes a 50% reduction in Scope 3 emissions by 2030 from the 2019 base year. ‘For Scope 3, which includes indirect emissions from our value chain, we are actively engaging and partnering with our suppliers and customers to pursue the same level of decarbonisation despite its greater complexities,’ said Toby Croucher, chief sustainability officer.
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