Investor Presentaiton

EU Taxonomy is still in its early days 29 28 January 2022 Stora Enso ESG investor presentation storaenso • Forest industry and its main products are largely out of the scope of the EU Taxonomy • Therefore, only a few relevant economic activity categories to report on - The most relevant categories for Stora Enso are forest management in its own forests, manufacturing of wooden-based materials and components for improving buildings' energy efficiency, and bio-based electricity and heat sales. Proportion of taxonomy eligible activities Turnover CAPEX OPEX 5% 4% 6% THE RENEWABLE MATERIALS COMPANY

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