The Business of Sustainable Forestry Case Study - STORA

Download or read book The Business of Sustainable Forestry Case Study - STORA written by James A. McAlexander and published by . This book was released on 1999-06 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: We changed our attitudes, we listened, we learned, we cooperated, and we took the initiative. - Granqvist, supervising forester, STOR.Over the past ten years, Swedish forest products giant STORA has transformed its forest management to implement and verify a commitment to sustainable forestry. The company has hired a staff ecologist, implemented ecological landscape planning, brought local environmentalists into its management planning, retrained its workforce, and adopted new forest conservation measures. Most recently, STORA became Europe's first major timber company to have a large block of its forests certified by a third party as sustainably managed.Headquartered in Falun, Sweden, STORA is one of the largest forest products companies in the world with 1996 sales of $5.9 billion. The company ranks fifth worldwide in paper and board production, producing 1.9% of the world's production compared to 3.2% for industry leader, International Paper Co. STORA sells primarily paper products, but also runs four sawmills and is involved in power production, banking, and associated financial operations. The company owns a total of 2.3 million hectares of forest, primarily in Sweden, but it has holdings in Portugal and Canada, as well.In 1996 STORA became one of the first large commercial forestry operations in the world to attain third-party certification. The Forest Stewardship Council (FSC), the oldest and most credible certification system with environmentalists, certified STORA's holding in the Ludvika district. STORA's size and its importance in the global forest products industry makes its actions a milestone in the development of sustainable forestry. As STORA's evolution towardsustainable forestry indicates, certification has already become a strategic consideration for some forward-looking companies.