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People and Ethics

We conduct business in a socially responsible manner throughout our value chain.

We set high ethical and professional standards throughout our global operations, and fully respect and support the human rights and labour rights of all our employees and the communities around our operations. We are committed to ensure that our workplaces are healthy and safe, and we aim to make Stora Enso an employer of choice.
Our long-term commitment to respect and support human rights is reflected in our corporate purpose ‘Do good for the people and the planet’.

Our human rights approach is aligned with the UN Guiding Principles on Business and Human Rights. In addition to people working in our own operations, our commitment extends to our suppliers, business partners, communities surrounding our operations and other stakeholders within our sphere of influence.

Results from our Group-wide Human Rights Assessments are available in a PDF format. The report is consolidated by the Danish Institute for Human Rights (DIHR).


Our People Strategy sets out our goals for human capital development, focusing on four key areas:


Workforce planning and people recruitment

Alignment and engagement

Occupational health and safety

For each of these prioritised areas we have defined ambitions, targets and actions related to our
personnel. Enhancing our performance in all these areas will contribute to Stora Enso’s overall business
strategy to transform into a renewable materials company.

We believe diversity is a key factor behind improved performance and innovation. We consider aspects such as gender, age, nationality and individual differences like varying experiences when assessing diversity within Stora Enso.
A robust approach to safety issues
We are striving to become an accident-free workplace, and we start the journey towards this goal every morning. Our leaders play a crucial role in shaping our safety culture, but each employee at our units is responsible for making every workday an accident-free day. Our guiding principle is “Everybody home
safe, every day”. 
Ethical business conduct and legal compliance are not only cornerstones of our way of doing business, but also paramount for living up to Stora Enso’s corporate Purpose ‘Do Good for the People and the
Planet’ and our Value ‘Do What’s Right’.
We believe that an ethical approach will lead to successful business, foster accountability and enhance our good reputation. Our work aims to strengthen our organisational culture, which encourages our employees and stakeholders to take part in open and honest discussions on ethical issues related to Stora Enso.

Our operations have wide-ranging impacts on different groups of stakeholders locally, regionally and globally. In addition to minimising any adverse impacts that our activities may have, we also aim to enrich economic and social conditions in the communities where we operate. By creating shared value we aim to increase Stora Enso’s competitiveness, while at the same time promoting improvements on economic, environmental, ethical, and social issues along our value chain.


Common rules for all employees

Stora Enso has a single set of values that are applied wherever we operate. Our Code of Conduct defines common rules for all our employees, and provides guidance on Stora Enso’s approach to ethical business practices, environmental values, and human and labour rights.


Our Business Practice Policy  gives our employees more detailed guidance on topics such as antitrust, corruption, gifts and entertainment, conflicts of interest and money laundering.


Stora Enso pays taxes in full compliance with all applicable local, national and international laws and regulations. In addition to corporate income taxes we also pay other kinds of taxes such as property and energy taxes. Taxes collected by Stora Enso include value added taxes (VAT) and payroll taxes.
Stora Enso’s approach to tax planning
Stora Enso’s approach is to conduct non-aggressive tax planning. This may involve taking advantage of tax incentives granted by governments on reasonable grounds where Stora Enso’s business operations are in alignment with the goals of the incentive scheme.

Stora Enso has operations in following locations that offer favorable tax treatments:

Our joint venture Montes del Plata will start running a pulp mill in a Special Economic Zone in Uruguay in 2014.

Pulp from our joint venture Veracel in Brazil is traded via a pulp sourcing and marketing company based in Amsterdam.

Stora Enso owns 51% of a holding company in the British Virgin Islands. This holding company came into the Group’s ownership structure with the acquisition of the Inpac International packaging company in July 2011. The holding company does not practice any operating or financing activities, and Stora Enso does not make any tax savings by owning this company.

Stora Enso holds two companies in Luxembourg and a company in United Arab Emirates. None of these companies is used for tax planning purposes.