Annual Report 2023

SASB content index 2023
Stora Enso’s report against the SASB’s Sustainability Accounting Standards includes the standards
for Forest Management and Containers & Packaging. In this SASB content index, the specificstandard indicators are listed with references to the locations of these disclosures in Stora Enso’s
SASB standard

Content indicator

CodeAccounting metricannual reporting. The references are complemented in the index with further data points orinformation, such as explanations on reasons for omissions as necessary. For more information
about Stora Enso’s disclosure of financially material ESG topics, see Stora Enso in capital markets.

Category

Location and comments

Forestry Management
Ecosystem Services & Impacts
RR-FM-160a.1

Area of forestland certified to a third-party forest
management standard, percentage certified toeach standard

Quantitative

Consolidated sustainability figures (Sustainable forestry and biodiversity: Forests, plantations, and lands as of 31 December2023). The certified areas to each forest certification standard in owned and managed lands in different countries are disclosed
in the table.

RR-FM-160a.2

Area of forestland with protected conservation status

QuantitativeConsolidated sustainability figures (Sustainable forestry and biodiversity: Forests, plantations, and lands as of 31 December2023). The protected areas managed by Stora Enso are reported in the context of local landscapes.

RR-FM-160a.3

Area of forestland in endangered species habitat

Quantitative

Sustainable forestry and biodiversity (Biodiversity Leadership Programme). Consolidated sustainability figures (Sustainableforestry and biodiversity: Forests, plantations and lands as of 31 December 2023). Endangered species habitats managed byStora Enso are included in the protected areas reported in RR-FM-160a.2.

RR-FM-160a.4

Description of approach to optimizing opportunities
from ecosystem services provided by forestlands

Discussion and Analysis

Value from forest. Sustainable forestry and biodiversity.

Rights of Indigenous Peoples
RR-FM-201a.1

Area of forestland in indigenous land

Quantitative

Human rights (Acquisition and management of land and natural resource rights). Related information is reported for
Stora Enso's operations in Sweden, Brazil, and China. Community (Community consultations and land use).

RR-FM-210a.2

Description of engagment processes and the due
diligence practices with respect to human rights,
indigenous rights, and the local community

Discussion and Analysis

Human rights. Community (Ways of working). Human Rights Guidelines. Environmental Guidelines (Wood and Fiber Sourcing
and Land Management Policy objectives).

Description of strategy to manage opportunities forand risks to forest management and timber production
presented by climate change

Discussion and Analysis

Report of the Board of Directors (Task Force on Climate-related Financial Disclosures). Value from forest (Innovations forfuture-fit forests).

RR-FM-000.A

Area of forestland owned, leased, and/or managed
by the entity

Quantitative

Note 4.2 Forest assets (Valuation and standing stock of forest assets in main subsidiaries, joint operations and associate company).

RR-FM-000.B

Aggregate standing timber inventory

Quantitative

Note 4.2 Forest assets (Valuation and standing stock of forest assets in main subsidiaries, joint operations and associate company).

RR-FM-000.C

Timber harvest volume

Quantitative

Note 4.2 Forest assets (Valuation and standing stock of forest assets in main subsidiaries, joint operations and associate company).

Climate Change Adaption
RR-FM-450a.1
Activity metrics

Containers & Packaging
Greenhouse Gas Emissions
RT-CP-110a.1Gross global Scope 1 emissions, percentage covered
under emissions-limiting regulations

Quantitative

Consolidated sustainability figures (Climate change: emissions: Stora Enso’s carbon footprint). In 2023, 71% of the Group’s
Scope 1 emissions were covered by the European Union Emissions Trading Scheme (EU ETS).

RT-CP-110a.2

Discussion of long-term and short-term strategy or plan tomanage Scope 1 emissions, emissions reduction targets,and an analysis of performance against those targets

Discussion and Analysis

Climate change: emissions (Progress, Summary of Stora Enso's roadmap for reaching the 2030 target for Scope 1 & 2).

Air Quality
RT-CP-120a.1

1

Oxides of nitrogen (NOx) (excluding N2O)

Quantitative

Consolidated sustainability figures (Energy: Local air emissions). Sustainability data by production unit.

Oxides of sulfur (SO2) (SOx)

Quantitative

Consolidated sustainability figures (Energy: Local air emissions). Sustainability data by production unit.

Volatile organic compounds (VOCs)

Quantitative

Consolidated sustainability figures (Energy: Local air emissions). Sustainability data by production unit.

Particulate matter (PM)Quantitative

Consolidated sustainability figures (Energy: Local air emissions). Fine particles = particulate matters.

1Annual Report 2023

SASB standard

Content indicator

Code

Accounting metricCategory

Location and comments

Total energy consumed

Quantitative

Consolidated sustainability figures (Energy: Key figures for energy). When including all production units, the Group's totalenergy consumption was 25 TWh in 2023 (33 in 2022). The Group's reporting of energy consumption is expressed as watt
hours and is based on lower heating values.

Percentage grid electricity

Quantitative

The share of grid electricity in the total energy consumption was 5% in 2023 (11% in 2022). Electricity from Pohjolan Voima Oy(PVO), where Stora Enso is a minority shareholder, accounted as own electricity generation.

Percentage renewable

Quantitative

The share of renewable energy in the total energy consumption was 65% in 2023 (65% in 2022). Includes trading ofGuarantees of Origin of electricity. Grid electricity information partly based on previous year data due to data availability at thetime of Stora Enso's annual report publication. The Group's reporting on bioenergy follows the criteria set by the EU Renewable
Energy Directive (RED) and Emission Trading Scheme (ETS), and national legislations. For more information, see also Energy
and Sustainable forestry and biodiversity (Stora Enso Biodiversity Leadership Programme).

Total self-generated energy

Quantitative

The Group's total energy self-sufficiency rate was 72% in 2023 (69% in 2022). Electricity from Pohjolan Voima Oy (PVO),
where Stora Enso is a minority shareholder, accounted as own generation. For more information, see also Energy.

RT-CP-140a.1

1) Total water withdrawn, 2) total water consumed,
percentage of each in regions with High or ExtremelyHigh Baseline Water Stress

Quantitative

Water (Progress, Water availability and water stress).

RT-CP-140a.2

Description of water management risks and discussion of Discussion and Analysis
strategies and practices to mitigate those risks

Water

RT-CP-140a.3

Number of incidents of non-compliance associatedwith water quality permits, standards, and regulations

Quantitative

Environmental incidents. Six of the reported incidents (at six sites) were water-related.

Amount of hazardous waste generated,
percentage recycled

Quantitative

Consolidated sustainability figures (Circularity, materials, residuals, and waste: Key figures for circularity, materials, residuals, andwaste). Hazardous waste is defined following the European Union Waste Framework Directive. Breakdown data for hazardous
waste recycling from our authorised service providers is not collected and thus not available.

RT-CP-250a.1

Number of recalls issued, total units recalled

Quantitative

No incidents during the reporting year.

RT-CP-250a.2

Discussion of process to identify and manage
emerging materials and chemicals of concern

Discussion and Analysis

Product stewardship (Product safety, Certified sustainability).

Energy ManagementRT-CP-130a.1

Water Management

Waste Management
RT-CP-150a.1
Product Safety

Product Lifecycle Management
RT-CP-410a.1

Percentage of raw materials from (1) recycled content,(2) renewable sources, and (3) renewable andrecycled content

Quantitative

Consolidated sustainability figures (Circularity, materials, residuals, and waste: Material use by type). Recycled paper andboard is both renewable and recycled content.

RT-CP-410a.2

Revenue from products that are reusable, recyclable
and/or compostable

Quantitative

Circularity (Progress). The Group’s reporting is currently based on production volumes. Revenue-based reporting currently notsupported by the systems.

RT-CP-410a.3

Discussion of strategies to reduce the environmental
impact of packaging throughout its lifecycle

Discussion and Analysis

Circularity. Product stewardship.

RT-CP-430a.1

Total wood fiber produced, percentage fromcertified sources

Quantitative

Consolidated sustainability figures (Sustainable forestry and biodiversity: Key forest related figures).

RT-CP-430a.2

Total aluminium purchased, percentage fromcertified sources

Quantitative

In 2023, Stora Enso purchased 178 tonnes of aluminium for its packaging products (253 tonnes in 2022). The used aluminium
was not certified against sustainability certification schemes.The Group also utilises chemicals that include aluminium.
The Group's Varkaus mill in Finland recycles Used Beverage Cartons (UBC) and in the recycling process separates aluminium,
which is sold as a recycled aluminium product.

RT-CP-000.A

Amount of production, by substrate

Quantitative

Report of the Board of Directors (Production and external deliveries).

RT-CP-000.B

Percentage of production as: (1) paper/wood (2) glass(3) metal, and (4) plastic

Quantitative

All of Stora Enso's packaging products are based on wood fibre.

RT-CP-000.C

Number of employees

Quantitative

Report of the Board of Directors (Social and employee matters: Employees).

Supply Chain Management

Activity metrics

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