Stora Enso

Resolutions by Stora Enso Oyj's Annual General Meeting and the organising meeting of the Board of Directors

Retrieved on: 
Thursday, March 21, 2024
Remuneration, Stora Enso, EUR, Employment, Congress Center, Finance, FAM AB, ADR, Euroclear, AGM, FAM, Shareholder, Audit committee, OTCQX, Citibank, Legislation, Sustainability, APA, STE, Management

HELSINKI, March 21, 2024 /PRNewswire/ -- Stora Enso Oyj's ("Stora Enso" or the "Company") Annual General Meeting (the "AGM") was held on 20 March 2024 at Marina Congress Center in Helsinki, Finland. The AGM adopted the accounts for 2023, adopted the remuneration report for 2023 through an advisory resolution and granted the Company's Board of Directors and Chief Executive Officer discharge from liability for the period.

Key Points: 
  • The Company will publish possible resolutions of the Board of Directors on dividend payments and confirm the record and payment dates of the dividend payments in connection with such resolutions.
  • The AGM resolved, in accordance with the proposal by the Shareholders' Nomination Board, that the Board of Directors shall have eight (8) members.
  • In accordance with the proposal by the Shareholders' Nomination Board, the AGM resolved to elect Kari Jordan as Chair of the Board of Directors and Håkan Buskhe as Vice Chair of the Board of Directors.
  • Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R).

Resolutions by Stora Enso Oyj's Annual General Meeting and the organising meeting of the Board of Directors

Retrieved on: 
Wednesday, March 20, 2024
Remuneration, Stora Enso, EUR, Employment, Congress Center, Finance, FAM AB, ADR, Euroclear, AGM, FAM, Shareholder, Audit committee, OTCQX, Citibank, Legislation, Sustainability, APA, STE, Management

HELSINKI, March 20, 2024 /PRNewswire/ -- Stora Enso Oyj's ("Stora Enso" or the "Company") Annual General Meeting (the "AGM") was held on 20 March 2024 at Marina Congress Center in Helsinki, Finland. The AGM adopted the accounts for 2023, adopted the remuneration report for 2023 through an advisory resolution and granted the Company's Board of Directors and Chief Executive Officer discharge from liability for the period.

Key Points: 
  • The Company will publish possible resolutions of the Board of Directors on dividend payments and confirm the record and payment dates of the dividend payments in connection with such resolutions.
  • The AGM resolved, in accordance with the proposal by the Shareholders' Nomination Board, that the Board of Directors shall have eight (8) members.
  • In accordance with the proposal by the Shareholders' Nomination Board, the AGM resolved to elect Kari Jordan as Chair of the Board of Directors and Håkan Buskhe as Vice Chair of the Board of Directors.
  • Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R).

Invitation to Stora Enso's Q4 2023 results webcast on 1 February 2024

Retrieved on: 
Thursday, January 18, 2024
Teleconference, EET, Interim, Stora Enso

The results will be presented by President and CEO Hans Sohlström and CFO Seppo Parvi.

Key Points: 
  • The results will be presented by President and CEO Hans Sohlström and CFO Seppo Parvi.
  • The presentation can be followed live via the link: https://stora-ensos-q4-fy-2023-results.open-exchange.net/ The webcast link will also be available on Stora Enso's website: storaenso.com/investors .
  • During the webcast presentation, analysts and investors will also have the possibility to ask questions.
  • To participate in the teleconference, please choose the "Teleconference" option on the homepage of the webcast.

VTT Info: Aiming for Emission-Free Pulping, Forest Industry and Scientific Community Join Forces

Retrieved on: 
Wednesday, January 17, 2024
University, CO2, University of Oulu, Research, Wood, Business Finland, Aalto University, Chalmers University of Technology, Knowledge, Science, Business, Ecosystem, Biomass, Carbon, Water, LUT University, Stora Enso, University of Helsinki, Emission, Longevity, Mid Sweden University, VTT

The forest industry, technology companies, research organizations, and universities have joined forces to revolutionize the traditional pulping processes under the joint leadership of VTT Technical Research Centre of Finland and RISE Research Institutes of Sweden .

Key Points: 
  • The forest industry, technology companies, research organizations, and universities have joined forces to revolutionize the traditional pulping processes under the joint leadership of VTT Technical Research Centre of Finland and RISE Research Institutes of Sweden .
  • "Due to the limited nature of forest resources, the growth opportunities for the industry are constrained.
  • The key to achieving this lies in fostering innovation and coming together as an industry and as a research ecosystem.
  • This transformation is not just about meeting industry standards; it's about setting new benchmarks for environmental responsibility and operational excellence.

Stora Enso commits to net-zero carbon emissions

Retrieved on: 
Tuesday, December 12, 2023
Carbon, STE, Science, Climate, Part, EUR, Renewable energy, Signature, Neutralisation of Rabaul, Sarly Adre Sarkum, Carbon accounting, Stora Enso, Climate Pledge Fund, Steiner's Taxonomy of Tasks

HELSINKI, Dec. 12, 2023 /PRNewswire/ -- Stora Enso commits to reach net-zero carbon emissions by 2040 by becoming a signatory of The Climate Pledge.

Key Points: 
  • HELSINKI, Dec. 12, 2023 /PRNewswire/ -- Stora Enso commits to reach net-zero carbon emissions by 2040 by becoming a signatory of The Climate Pledge.
  • Committing to net-zero emissions by signing The Climate Pledge is a logical step for Stora Enso in its long-term ambition to become net carbon positive, and to offer 100% regenerative products and solutions by 2050.
  • Stora Enso remains committed to deliver on its existing 2030 target to reduce absolute Scope 1, 2 and 3 emissions by 50% from the 2019 baseline.
  • Neutralise any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net-zero annual carbon emissions by 2040.

Global Low-Carbon Construction Material Market Set to Reach $578.85 Billion by 2032, Fueling Sustainable Building Practices Worldwide - ResearchAndMarkets.com

Retrieved on: 
Wednesday, November 8, 2023
Construction & Property, Other Construction & Property, Carbon, Nucor, CRH plc, AGC Inc., Stora Enso, SSAB, Cemex, ArcelorMittal, En+ Group, CO2, Benchmarking, Traction, CRH, Building material, Norsk Hydro, Natural gas, Anna Vertua Gentile

The metal segment is estimated to lead the low-carbon construction material market in terms of materials.

Key Points: 
  • The metal segment is estimated to lead the low-carbon construction material market in terms of materials.
  • Key recent developments in the market include strategic partnerships, innovative solutions, and initiatives by key players:
    In July 2023, Cemex, S.A.B.
  • de C.V. announced record sales of its Vertua net-zero carbon concrete in Colombia, with over 100,000 cubic meters of production.
  • Key players in the global low-carbon construction material market, including manufacturers and ecosystem contributors, have been profiled in the study.

Stora Enso Oyj's share-based long-term incentive plan for the President and CEO

Retrieved on: 
Wednesday, October 25, 2023
Policy, Tax, Remuneration, Employment, EUR, Annual report, Management, Stora Enso

HELSINKI, Oct. 25, 2023 /PRNewswire/ -- The Board of Directors of Stora Enso has decided on a CEO Performance Share Plan for 2023–2025 under the Company's share-based long-term incentive programme. This plan aims to support the long-term shareholder value creation and considers the change in leadership. Due to the CEO change on 18 September 2023, there are deviations from Stora Enso's Remuneration Policy 2022.  The long-term incentive plan consists of performance shares (Performance Share Plan) with a two-year vesting period. The long-term incentive plan includes targets related to balance sheet, capital expenditure, strategy and sustainability. The potential payout is based on the Company's performance in relation to the targets over the two-year plan period. Share reward will be paid in Stora Enso R shares. The maximum value of the plan is set at EUR 2 million at grant, which corresponds to approximately 169,420 shares at the share price on 18 September 2023.  No new shares will be issued in connection with the execution of the plan, and there is no dilutive effect on the number of Stora Enso's registered shares. Besides attainment of the performance criteria, the share reward is subject to continuation of employment. The share rewards earned within the CEO Performance Share Plan for 2023–2025 will be delivered in the fourth quarter of 2025. Applicable taxes will be deducted before shares are delivered.Further details about the CEO remuneration and deviation from the policy will be published in Stora Enso's Remuneration Report 2023 which will be part of the Annual Report.

Key Points: 
  • HELSINKI, Oct. 25, 2023 /PRNewswire/ -- The Board of Directors of Stora Enso has decided on a CEO Performance Share Plan for 2023–2025 under the Company's share-based long-term incentive programme.
  • Due to the CEO change on 18 September 2023, there are deviations from Stora Enso's Remuneration Policy 2022.
  • The long-term incentive plan consists of performance shares (Performance Share Plan) with a two-year vesting period.
  • The share rewards earned within the CEO Performance Share Plan for 2023–2025 will be delivered in the fourth quarter of 2025.

Stora Enso Oyj Interim Report January-September 2023: Focusing on actions for a profitability turnaround and capital release

Retrieved on: 
Tuesday, October 24, 2023
Pressure, Stora Enso, Acquisition, EEST, CEST, Growth, Commercial, Webcast, Interim, EUR, Turnaround ADR, STE, Management, Cryptocurrency

Stora Enso's President and CEO Hans Sohlström comments on the third quarter 2023 results:

Key Points: 
  • Stora Enso's President and CEO Hans Sohlström comments on the third quarter 2023 results:
    "In my role as the newly appointed CEO of Stora Enso, my focus lies on the Company's profitability turnaround and shareholder value generation.
  • To demonstrate my personal commitment, and confidence, I invested 1 million euro in Stora Enso shares in my first week as the CEO."
  • "In line with the previous quarter's prediction, Stora Enso had an unsatisfactory financial performance in the third quarter.
  • Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R).

Stora Enso Oyj Interim Report January-September 2023: Focusing on actions for a profitability turnaround and capital release

Retrieved on: 
Tuesday, October 24, 2023
Pressure, Stora Enso, Acquisition, EEST, CEST, Growth, Commercial, Webcast, Interim, EUR, Turnaround ADR, STE, Management, Cryptocurrency

Stora Enso's President and CEO Hans Sohlström comments on the third quarter 2023 results:

Key Points: 
  • Stora Enso's President and CEO Hans Sohlström comments on the third quarter 2023 results:
    "In my role as the newly appointed CEO of Stora Enso, my focus lies on the Company's profitability turnaround and shareholder value generation.
  • To demonstrate my personal commitment, and confidence, I invested 1 million euro in Stora Enso shares in my first week as the CEO."
  • "In line with the previous quarter's prediction, Stora Enso had an unsatisfactory financial performance in the third quarter.
  • Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R).

Change in Stora Enso's Group Leadership Team

Retrieved on: 
Tuesday, October 24, 2023
Smurfit Kappa, STE, Continental Packaging Solutions, Stora Enso, EUR, ADR (treaty), Management

HELSINKI, Oct. 24, 2023 /PRNewswire/ -- Stora Enso appoints Ad Smit as Executive Vice President of the Packaging Solutions division and a member of the Group Leadership Team.

Key Points: 
  • HELSINKI, Oct. 24, 2023 /PRNewswire/ -- Stora Enso appoints Ad Smit as Executive Vice President of the Packaging Solutions division and a member of the Group Leadership Team.
  • From 2012, Ad was the CEO of De Jong Packaging Group, which Stora Enso acquired in January 2023.
  • "I'm delighted to welcome Ad Smit to Stora Enso's leadership team.
  • "On behalf of Stora Enso and the Group Leadership Team, I sincerely thank David Ekberg for his leadership and achievements during the past years.