Aktia Bank Group
Climate Impact & Sustainability Data (2020, 2021, 2023)
Reporting Period: 2020
Environmental Metrics
Total Carbon Emissions:556.64 tCO2e/year (Scope 2 location-based)
Scope 1 Emissions:0.00 tCO2e/year
Scope 2 Emissions:556.64 tCO2e/year
Scope 3 Emissions:52,889.04 tCO2e/year
Total Energy Consumption:3,807.74 MWh/year
Waste Generated:8,878 kg/year
Carbon Intensity:101.2 tonnes CO2e per million euros of earnings
ESG Focus Areas
- Solvent and reliable
- Partner for economic well-being
- The most attractive workplace in the business
- Environmentally responsible actor
Environmental Achievements
- Reduced carbon dioxide emissions caused by electricity consumption in all leased business premises by 42% from the 2018 level.
- Aktia's new main office was granted the WWF Green Office label.
- The carbon footprint of Aktia Asset Management’s own equity funds was 68% lower than that of the reference market.
Social Achievements
- Improved employee work motivation and satisfaction.
- Granted almost 12,000 private customers an installment-free period free of charge.
- Improved corporate customers' satisfaction with Aktia and their contact persons (NPS 63% and 83% respectively).
Governance Achievements
- Achieved A+ in two categories of UN PRI reporting on responsible investing.
- Received a B rating in CDP’s climate change mitigation reporting.
- Updated materiality analysis, remuneration policy, and sustainability principles for investments and lending.
Climate Goals & Targets
Long-term Goals:
- Aktia Asset Management’s own equity funds to have a smaller carbon footprint than funds on the reference markets in the long run.
Short-term Goals:
- Reduce carbon dioxide emissions from electricity consumption in all leased business premises by 10% from the 2018 level by the end of 2023.
Environmental Challenges
- Coronavirus pandemic impacting business and operations.
- Market drop in March 2020 impacting financial results.
- Increased queuing times in telephone banking service.
Mitigation Strategies
- Offered installment-free periods to private and corporate customers.
- Increased number of employees in telephone service and extended working hours.
- Introduced a new chatbot service.
- Implemented remote work for approximately 80% of personnel.
Supply Chain Management
Responsible Procurement
- Supplier code of conduct
- Green procurement guidelines
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
- Changes in consumer preferences
Opportunities
- Resource efficiency
- Using renewable energy
- New business opportunities
Reporting Standards
Frameworks Used: GRI Standards, TCFD
Certifications: WWF Green Office
UN Sustainable Development Goals
- Goal 8 (Decent work and economic growth)
- Goal 9 (Industry, innovation and infrastructure)
- Goal 13 (Climate action)
- Goal 17 (Partnerships for the goals)
Aktia's operations contribute to these goals through responsible investing, lending, and workplace practices.
Awards & Recognition
- Morningstar Awards
- Lipper Fund Awards
- Scandinavian Financial Research Gold Award
- WWF Green Office label
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Corporate Governance
Governance Achievements
- Complied with the 2020 Corporate Governance Code for Listed Companies issued by the Finnish Securities Market Association.
- Established principles for diversity on the Board of Directors aiming for even gender distribution.
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Finnish Corporate Governance Code 2020
Reporting Period: 2023
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Risks in sustainability of operations, and risks in environmental, social and governance issues affect all operations of Aktia.
Mitigation Strategies
- Aktia incorporates corporate responsibility as one of the pillars of its operations. Aktia aims to be a solvent, reliable and environmentally responsible partner for economic well-being and the most attractive workplace in the business.