The Group also included in the list of the 100 most sustainable companies in the worldHelsinki, Finland, 2011-03-17 08:00 CET (GLOBE NEWSWIRE) -- Stora Enso has been named by the Ethisphere Institute as one of the World’s Most Ethical Companies for 2011. Ethisphere’s WME list recognises companies’ ethical leadership, compliance practices and corporate social responsibility. Stora Enso has now been selected for the list for the fourth time running, out of a record number of nominee companies.
“As companies strive to maintain a competitive advantage, good ethics translate into better business, and better business means better bottom lines. Stora Enso recognises the important role that principled practices play in brand reputation, which ultimately is the most valuable asset for a corporation,” said Alex Brigham, Executive Director of the Ethisphere Institute. “Each year the competition gets more intense for the World’s Most Ethical Companies, and this year was no exception with a record number of organisations vying for this distinguished honour. Ethisphere congratulates Stora Enso on being one of the World’s Most Ethical Companies for 2011.”
The WME ranking process involves reviewing ethical codes, litigations and regulatory infraction histories; evaluating investments in innovation and sustainable business practices; assessing activities designed to improve corporate citizenship; and studying nominations made by senior executives, industry peers, suppliers and customers.
Ethisphere has been working for five years as a think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability. Other listed companies include American Express, eBay, Ford Motor Company, Adidas, Starbucks, PepsiCo and the Xerox Corporation.
Read more about the methodology behind this scheme and view the complete list of the World’s Most Ethical Companies for 2011 at http://ethisphere.com/worlds-most-ethical-companies-rankings/.
Stora Enso’s responsibility work widely recognised in 2011
Stora Enso’s corporate responsibility work has already received several external recognitions this year. In February Stora Enso was selected for the SAM Sustainability Yearbook, the most comprehensive global publication on corporate sustainability. On the basis of our environmental, social and financial performance, Stora Enso has also been included in the Global 100 list of the 100 most sustainable companies in the world, announced at the 2011 World Economic Forum in Davos, Switzerland.
For further information, please contact:
Terhi Koipijärvi, Head of Global Responsibility, tel. +358 2046 21347
Eeva Taimisto, Communications Manager, Group Identity and Sustainability Communications, tel. +358 2046 21263
Stora Enso is a global paper, packaging and wood products company producing newsprint and book paper, magazine paper, fine paper, consumer board, industrial packaging and wood products. The Group is the world leader in forest industry sustainability. We offer our customers solutions based on renewable raw materials. Our products provide a climate-friendly alternative to many non-renewable materials, and have a smaller carbon footprint. Stora Enso is listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora Enso employs some 26 000 people worldwide, and our sales in 2010 amounted to EUR 10.3 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market.
STORA ENSO OYJ