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“We welcome ongoing developments in forestry legislation and sustainability initiatives worldwide, and we strongly believe that mandatory and voluntary actions must work hand-in-hand to achieve meaningful sustainability outcomes,” said Matteo Mascolo, FSC's Lead for EU Affairs & Engagement. FSC fully supports the creation of deforestation-free markets and continues to underline the urgency of swift action to prevent deforestation. FSC was one of 170 NGOs co-signing a letter of urgency for the timely implementation of the Regulation.

Beginning in October 2019, the silhouette of the Green Bay Broadway (GBB) mill began to change. The first of two 400-foot stacks, a significant part of the Green Bay skyline for decades, started to be removed. The north stack was no longer being used for exhaust after GBB replaced a coal-fired boiler with a new natural gas boiler back in 2015. The mill is installing another natural gas boiler in late 2020 while the remaining south stack is scheduled for removal in 2021. The investment in natural gas boilers, a piece of the $80 million sustainability investments at GBB, helped the mill to decrease its emissions of nitrous oxide by 67 percent and sulfur dioxide by more than 80 percent. When the second natural gas boiler is activated later this year, the facility will be completely coal-free in its operations and will reduce emissions to near zero levels.

Stora Enso remains committed to deliver on its existing 2030 target to reduce absolute Scope 1, 2 and 3 emissions by 50% from the 2019 baseline. This target is aligned with the 1.5-degree scenario and is approved by the Science Based Targets initiative. Stora Enso will continue its decarbonisation journey to improve energy efficiency and to switch from fossil-based energy sources to renewable ones. Stora Enso will further improve its Scope 3 performance by enhancing efficiency and lowering carbon intensity in the value chain, collaborating with its raw material suppliers, logistics suppliers, and customers. Signatories of The Climate Pledge agree to: – Measure and report greenhouse gas emissions on a regular basis. – Implement decarbonisation strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies. – Neutralise any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net-zero annual carbon emissions by 2040.