Investor Presentaiton

Our leading performance in ESG is recognised (ESG rating agencies in alphabetical order) + CDP DISCLOSURE INSIGHT ACTION PLATINUM Top 1% 2021 ecovadis Sustainability Rating • • Climate A-*, Forest A- and Water B MSCI ESG RATINGS CCC B BB BBB storaenso Highest recognition level (Platinum) received SUSTAINALYTICS a Momingstar company AAA A AA AAA RATED • ESG rating increased from AA to AAA (highest possible score) • ESG rating improved. from 19.6 to 18.0** out of 40.0 FTSE Russell • ESG rating increased from 4.1 to 4.2 out of 5.0 Transition Pathway Initiative • Top-ranked in both management quality and carbon 30 • SOCIAL ISS QualityScore Highest Rating By INSTITUTIONAL SHAREHOLDER SERVICES ENVIRONMENTAL ISS QualityScore Highest Rating By INSTITUTIONAL SHAREHOLDER SERVICES 28 January 2022 ESG QualityScore highest possible score in Social & Environment Stora Enso ESG investor presentation VigeoEiris*** • ESG rating improved from 68 to 73 out of 100 *Ongoing appeal process for Climate **0 being the highest possible score ***V.E. part of Moody's ESG solutions THE RENEWABLE MATERIALS COMPANY

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