Project Details
Project
Stora Enso Green and Sustainability-Linked Bond Framework Second-Party Opinion (2023)
Client
Stora Enso
Project Type
Sustainability Linked Bond or Note; Green Bond/Loan;
Industry Group
Paper & Forestry
Use of Proceeds
Sustainable forestry; Eco-efficient products; Energy efficiency; Renewable energy; Water/waste water management; Pollution prevention and control;
Location
Finland
Evaluation Date
May 2023
Evaluation Summary
Use of Proceeds Instruments
Green Bond Principles 2021 and Green Loan Principles 2023
Sustainalytics is of the opinion that the Stora Enso Green and Sustainability-Linked Financing Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2021 and Green Loan Principles 2023. The eligible categories for the use of proceeds – Sustainable Forest Management, Sustainable Product Processes, Energy Efficiency, Renewable Energy and Waste to Energy, Sustainable Water Management, and Waste Management and Pollution Control – are aligned with those recognized by the Green Bond Principles and the Green Loan Principles and are expected to lead to positive environmental impact.
Sustainability-Linked Instruments
Sustainability-Linked Bond Principles 2020 and Sustainability-Linked Loan Principles 2023
Sustainalytics is of the opinion that the Stora Enso Green and Sustainability-Linked Financing Framework aligns with the Sustainability-Linked Bond Principles 2020 and Sustainability-Linked Loan Principles 2023.