Supply chain biodiversity assessment
Summary
Stora Enso required technical support to develop a high-level understanding of its impacts and dependencies on biodiversity and the nature-related risks and opportunities associated with its Biomaterials Division.
How we helped
Little Blue Research, with the support of globalbalance helped Stora Enso undertake a biodiversity screening assessment aligning with the beta versions of the TNFD. The team provided recommendations for Stora Enso to consider for the development of its approach to the management of biodiversity in its non-wood supply chain and for the implementation of the TNFD Framework.
Client description
Stora Enso
20,000+ employees
Case study details
Main service: Integrating nature into business
Sector: Industrials
Assessment location: Europe
Capital(s)
Challenges
• Providing a broad understanding of emerging integrated nature-related risks and opportunities and how these relate to Stora Enso.
• Using proxy data in place of limited available data to prioritise risks and opportunities and recommended next steps across business activities undertaken by the Biomaterials Division.
Outcomes
• High-level outputs from piloting the initial stages of the LEAP approach, and overview of priority nature-related risks and opportunities of the Biomaterials Division.
• Recommended next steps to further implement the LEAP approach, in preparation for the proposed disclosures of the TNFD framework and to further mitigate and/or realise nature-based risks and opportunities.
"The team at Little Blue Research were instrumental in helping us understand
how the division could approach the TNFD framework and gave us the tools we needed to scale our approach across the organisation."
Carem Zanardo, Sustainability Manager, Biomaterials Division
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