The divisions are responsible for their respective line of business and are organized and resourced to deal with all business issues. The CEO steers the divisions through quarterly and as needed Business Performance Reviews as well as the GLT meetings.
The investment planning is carried out by the divisions and, if certain monetary thresholds are exceeded, reviewed by the Investment Working Group comprising Group and division representatives and headed by the CTO. The CEO is responsible for the investment allocations and decisions, as well as proposals to the Board of Directors.
Innovation is organised and driven within the divisions to drive market and customer focus. The progress of innovation efforts are evaluated in quarterly Business and Innovation Reviews with the CEO, CFO, CTO, the division Head and the division Innovation Head.
The GLT is responsible for all policy issues relating to sustainability. Everyday sustainability issues are handled by the Sustainability function together with the Legal function, HR function, Sourcing function and the divisions, which are responsible for the operational management of sustainability issues. The overall direction for sustainability is developed by the Stora Enso Sustainability Performance Network (SPN) whose members come from the divisions and other key functions. The work of the SPN is incorporated into recommendations to the CEO, Group Leadership Team and when appropriate also to the Board of Directors’ via its Sustainability and Ethics Committee.
The Company has user boards for certain cross-functional service functions (Logistics, IT, Energy and parts of Wood Supply). These user boards consist of representatives of the divisions using these services. The user boards supervise and steer the operations of the respective functions.
The Company has established proper disclosure policies and controls, and process for quarterly and other ongoing reporting.