RISK MANAGEMENT PROFILE
STICK TO THE BASICS
Renewable materials company Stora Enso
is the largest pulp and paper manufacturer
in Europe. Sami Silvennoinen (center),
Lars Andersen (left) and Elina Rosenfeld (right)
oversee the risk management program for the
company’s Consumer Board, Packaging Solutions, Biomaterials, Wood Products and Other divisions.
Here, the team shares the risk management wisdom that has strengthened their strategy for sustainable, profitable growth.
ELINA ROSENFELD
Risk and Insurance Specialist, Helsinki, Finland
Responsible for Insurance Procurement and Claims Management
SAMI SILVENNOINEN
Head of Risk Management, Helsinki, Finland
Responsible for
Risk Assessment
LARS ANDERSEN
Technical Risk Manager, Skutskär, Sweden
Responsible for Loss Prevention, Security
and Business Continuity
Stora Enso
Click to learn about Stora Enso’s risk management model.
Risk Assessment
Risk
Transfer
Risk
Prevention
Risk
Recovery
“We need innovative, clever tools that allow us to predict
risk and minimize uncertainty.” – Sami Silvennoinen
“Our risks are very well-defined. This helps us understand what
we can carry on our own and where we need help from an
insurance partner.” – Elina Rosenfeld
“By working directly with FM Global, we keep everything in our own hands and have a direct line of communication with the company’s underwriters, risk engineers and claims people.” – Elina Rosenfeld
“FM Global’s engineers are well-trained, spend a lot of time analyzing our risks, and speak the local language at our mills. This makes a big difference when preventing loss all over the world.” – Lars Andersen
When we began looking for a new insurance carrier, we knew we
wanted a global player who could support our sites around the world.
We value FM Global’s multiple language skills, standards and risk engineering—particularly their knowledge of boiler and machinery
hazards and how to mitigate them. This competency was lacking
among the Nordic insurance providers when we ultimately decided to
work with FM Global in 2017. It’s a benefit we can’t find anywhere else.”
– Lars Andersen
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Need more resources?
Boiler and Machinery
Predictive Analytics
Cyber Resilience Solutions
Nat Haz Toolkit
The Business Impact of Climate Change
© 2019 FM Global. All rights reserved.
See how Stora Enso partners with FM Global to manage its boiler and machinery risk.
Click to learn about the top risks Stora Enso keeps tabs on.
KNOW YOUR RISKS
Click to learn how Stora Enso leaves a mark in risk management at its organization.
MAKE AN IMPACT
Asset and Supply
Chain Vulnerabilities
Asset and Supply
Chain Vulnerabilities
Cyber
Threats
Extreme Weather Events
Extreme Weather Events
Global
Warming
Cyber
Threats
Global
Warming
With operations in more than 35 countries, Stora Enso
considers the exposures associated with the
production and transportation of goods worldwide.
The business needs to prevent attacks that may cause a loss or impact its products and assets to the point of business interruption.
As a global organization, Stora Enso expects to see more extreme weather events in the future, particularly in the Nordics.
Packaging buyers are turning away from plastic, aluminum
and glass products, which presents the opportunity
for Stora Enso to offer alternatives.
Spread your risk management approach and philosophy
to operations personnel, all the way up to
senior management and your board of directors.
Have a structured way of assessing,
reporting and monitoring risks.
Use robust systems to assess risk, manage incidents,
investigate losses and understand their financial impact.
Take what you’ve experienced and adjust
or modify your risk management activities.
Sell In
Implement an
Enterprise-Wide Process
Sell In
Implement an
Enterprise-Wide Process
Embrace Technology
Embrace Technology
Learn from
Losses
Learn from
Losses
The equipment at Stora Enso’s 890-acre (360-hectare) Imatra Mills spans six miles (9.66 kilometers) of Lake Saimaa’s southern shoreline in Imatra, Finland, a city east of Helsinki. The strengths and weaknesses of each piece of equipment are of prime focus for the risk management team’s overall risk assessment.
The equipment at Stora Enso’s 890-acre (360-hectare) Imatra Mills spans six miles (9.66 kilometers) of Lake Saimaa’s southern shoreline in Imatra, Finland, a city east of Helsinki. The strengths and weaknesses of each piece of equipment are of prime focus for the risk management team’s overall risk assessment.
The equipment at Stora Enso’s 890-acre (360-hectare) Imatra Mills spans six miles (9.66 kilometers) of Lake Saimaa’s southern shoreline in Imatra, Finland, a city east of Helsinki. The strengths and weaknesses of each piece of equipment are of prime focus for the risk management team’s overall risk assessment.
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