Teleste Corporation
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:107,170 tCO2e/year
Scope 1 Emissions:261 tCO2e/year
Scope 2 Emissions:915 tCO2e/year
Scope 3 Emissions:105,994 tCO2e/year
ESG Focus Areas
- Climate change mitigation
- Sustainable public transport
- Sustainable supply chain
- Employee well-being
- Corporate governance
Environmental Achievements
- Extended emissions calculation to include Scope 3 emissions (2022 data)
- Started separate collection of plastic at Littoinen production facility
- Organized waste sorting training at all Finnish sites
- Updated Supplier Code of Conduct and Sourcing policy
- Committed to the UN Global Compact
Social Achievements
- Launched Teleste’s culture vision, focusing on employee engagement, well-being, innovation, and performance
- Enhanced cooperation with educational institutions
- Provided traineeship and summer job opportunities
- Participated in the Responsible Summer Job campaign
Governance Achievements
- Initiated measures to streamline Teleste’s legal group structure, creating separate legal entities for Broadband Networks and Public Safety and Mobility businesses
- Established a North American Advisory Board to support the North American networks business
Climate Goals & Targets
Medium-term Goals:
- Reduce Scope 1 emissions by 100% by 2030
- Reduce Scope 2 emissions by 50% by 2030
- Reduce Scope 3 (transport) emissions by 20% by 2030
Short-term Goals:
- Reduce Scope 1 emissions by 40% by 2026
- Reduce Scope 2 emissions by 20% by 2026
- Reduce Scope 3 (transport) emissions by 10% by 2026
Environmental Challenges
- Weak overall result in 2023 due to global economic situation, higher costs and interest rates, lower-than-expected volume in Broadband Networks business
- Lower-than-expected orders due to cost reduction measures and investment cuts by network operators
- Delivery postponements due to delays and material availability problems
- Uncertain market situation and continued supply chain challenges
Mitigation Strategies
- Initiated measures to increase operational efficiency, cut costs, and protect cash flow
- Implemented measures to pass higher costs through to sales prices
- Prioritized operations and adapted cost structures to improve profitability
- Streamlined legal group structure
- Established North American Advisory Board
Supply Chain Management
Supplier Audits: Corporate responsibility survey completed by 86% of key suppliers in 2023
Responsible Procurement
- Updated Supplier Code of Conduct
- Sustainable sourcing practices
Climate-Related Risks & Opportunities
Opportunities
- Product innovation and green technologies to reduce carbon footprint
Reporting Standards
Frameworks Used: UN Global Compact, EU Taxonomy Reporting Framework, Corporate Sustainability Reporting Directive (CSRD)
Sustainable Products & Innovation
- Intelligent network devices with optimized power consumption
- Remotely controlled and maintained devices
Awards & Recognition
- Four out of five stars in Broadband Technology Report’s annual Diamond Technology Reviews for DAN3 Remote PHY device