Tulikivi Oyj
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:8308.96 tCO2e
Total Energy Consumption:9139 MWh
Water Consumption:5954 m3
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Defined its carbon footprint (8308.96 t CO2e), corresponding to 248 t CO2e/million € of turnover or 41 t CO2e/person.
- Reduced carbon emissions by using bioenergy instead of electricity, heating oil, or gas.
- New Kermansavi range meets EU ecodesign directive emission limits.
Social Achievements
- Maintained employee well-being with initiatives to minimize sick leave and maintain a good work atmosphere.
- Supported community activities in Juuka and Heinävesi.
- Promoted gender equality and diversity in the workforce.
Governance Achievements
- Implemented robust governance and control systems, including internal audit and risk management.
- Established a zero-tolerance policy for bribery and corruption.
- Published a remuneration report.
Climate Goals & Targets
Long-term Goals:
- Achieve net-zero emissions.
- Develop Suomussalmen talc project to investment phase.
Medium-term Goals:
- Increase market share in Central European stove market with the Jero range.
- Increase sauna product sales.
Short-term Goals:
- Develop and launch a new electric stove range in spring 2024.
Environmental Challenges
- Decreased demand for fireplaces in the second half of 2023 due to lower energy prices and high interest rates reducing new construction and housing sales.
- General economic slowdown affecting new and renovation construction.
- Supply chain disruptions.
Mitigation Strategies
- Developed new Jero product line combining heat retention of traditional fireplaces with compact size of stoves.
- Continued sales and training efforts to expand distribution network for Tulikivi and Kermansavi fireplaces.
- Focused on product development, improved manufacturing efficiency, and fixed cost control.
Supply Chain Management
Responsible Procurement
- Considers environmental and social aspects in supplier selection.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI, IFRS
Certifications: ISO 9001, ISO 14001
Third-party Assurance: KPMG Oy Ab
Sustainable Products & Innovation
- Jero product line
- New electric stove range
Awards & Recognition
- Sauna from Finland award for Villa Have sauna at Loviisa Housing Fair