Climate Change Data

Caverion Corporation

Climate Impact & Sustainability Data (2015, 2020, 2021, 2023)

Reporting Period: 2015

Environmental Metrics

Total Carbon Emissions:52,100.3 tCO2e
Total Energy Consumption:172.8 GWh
Carbon Intensity:21.3 tCO2e/revenue in 2015

ESG Focus Areas

  • Reducing negative environmental impacts
  • Excellent leadership
  • High-quality service
  • Responsible operation

Environmental Achievements

  • Reduced accident frequency rate to 8.3 (from 10.1 in 2014)
  • Reduced sick leave rate to 4.1% (from 4.4% in 2014)
  • 71% of revenue came from OHSAS 18001-certified operations

Social Achievements

  • Launched a common Code of Conduct training program
  • Conducted the second employee engagement survey, Caverion Spirit, with 79% response rate
  • Employed approximately 1,300 summer employees, thesis students, and trainees

Governance Achievements

  • Implemented common Safety Guideline and Ground Rules
  • Harmonised safety management reporting throughout the group
  • Launched a common Code of Conduct training program

Climate Goals & Targets

Medium-term Goals:
  • Complete Code of Conduct training for all employees by end of 2016
Short-term Goals:
  • Conduct performance development discussions with all employees twice a year

Environmental Challenges

  • Slowdown in the oil industry in Norway affecting business
  • Need to improve feedback and development opportunities for employees
Mitigation Strategies
  • Finding alternative solutions to layoffs (internal transfers, pension arrangements, fixed-term agreements)
  • Developing action plans based on Caverion Spirit survey results

Supply Chain Management

Responsible Procurement
  • Center-lead category management model
  • Utilizing group-wide best practices
  • Purchasing from best suppliers globally
  • Building long-term relationships with suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4

Certifications: OHSAS 18001

Awards & Recognition

  • Oslo municipality awarded Caverion for being the best Apprenticeship Company

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:22,675 tCO2e/year
Scope 1 Emissions:18,866 tCO2e/year
Scope 2 Emissions:3,809 tCO2e/year
Scope 3 Emissions:302 tCO2e/year (Business travel, air travel)
Total Energy Consumption:96.5 GWh/year
Carbon Intensity:10.5 tCO2e/EURm revenue in 2020

ESG Focus Areas

  • Environment
  • Work Safety
  • Our people
  • Compliance and economic responsibility
  • Supply chain

Environmental Achievements

  • Reduced Scope 1-2 CO2 emissions from 29,447.5 tonnes in 2019 to 22,675 tonnes in 2020.
  • 91% of Caverion’s business was ISO 14001 environmentally certified in 2020.
  • CO2 savings for customers from Energy Performance Contracting (EPC), Remote centers and Building Management Systems exceeded annual Scope 1-2 emissions.

Social Achievements

  • Improved health and safety performance, achieving one of the best LTIFR (Lost Time Injury Frequency Rate) in the last few years at 4.2.
  • Launched Caverion Map of Wellbeing to promote employee well-being.
  • Conducted safety training for top management to support line managers in safety initiatives.

Governance Achievements

  • Implemented a common people management system in November 2020.
  • Published Caverion’s Remuneration Policy for the first time, receiving recognition as the Best Remuneration Policy in Finland in the mid-cap company category.
  • Continued implementation of revised Supplier Code of Conduct, reaching 63% coverage of purchase volume by the end of 2020.

Climate Goals & Targets

Medium-term Goals:
  • By 2030: Positive carbon handprint 10 times greater than own carbon footprint (Scope 1-2).
Short-term Goals:
  • By 2025: Positive carbon handprint 5 times greater than carbon footprint.

Environmental Challenges

  • Coronavirus pandemic impacting operations and supply chain.
  • Reducing the environmental footprint of the company's vehicle fleet (95% diesel).
Mitigation Strategies
  • Implemented remote working capabilities.
  • Active supply chain management to avoid disruptions.
  • Increased use of gas, hybrid and full electric business cars.
  • Reduced store pick-ups to reduce driving kilometers and emissions.

Supply Chain Management

Supplier Audits: Pilot program for common group-wide supplier audit process.

Responsible Procurement
  • Category management model.
  • Supplier Code of Conduct (63% purchase volume coverage).

Climate-Related Risks & Opportunities

Opportunities
  • Developing energy-efficient products and services.

Reporting Standards

Frameworks Used: GRI Standards (Core option)

Certifications: ISO 14001 (91% of business), ISO 9001 (100% of business), ISO/IEC 27001 (common IT services), OHSAS 18001/ISO 45001 (91% of business)

UN Sustainable Development Goals

  • Good health and well-being
  • Gender equality
  • Decent work and economic growth
  • Industry, Innovation, and Infrastructure
  • Sustainable cities and communities
  • Climate action

Caverion's 2025 sustainability targets and KPIs are linked to these SDGs.

Sustainable Products & Innovation

  • Energy Performance Contracting (EPC)
  • Remote centers
  • Building Management Systems

Awards & Recognition

  • Best Remuneration Policy in Finland (mid-cap company category)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:28,765 tCO2e
Scope 1 Emissions:25,055 tCO2e
Scope 2 Emissions:3,701 tCO2e
Total Energy Consumption:19.8 GWh

ESG Focus Areas

  • Decreasing our footprint
  • Increasing our handprint
  • Caring for our people
  • Ensuring sustainable value chain

Environmental Achievements

  • Reduced LTIFR to an all-time low of 4.0
  • Handprint doubled the size of the footprint (Scope 1-2)
  • Innovation: Turning condensation heat from supermarket into clean energy
  • Replacement of 75 fossil fuel-led service vehicles with EVs in Norway

Social Achievements

  • Offered apprenticeships to more than 800 young professionals
  • Launched a campaign in Norway to prevent harassment
  • Employee engagement survey showed high levels of safety responsibility, extra effort willingness, and customer service prioritization

Governance Achievements

  • Committed to the UN Global Compact and Sustainable Development Goals
  • Joined the Science Based Targets initiative
  • Completed seven acquisitions strengthening capabilities in various areas

Climate Goals & Targets

Medium-term Goals:
  • Positive carbon handprint 10 times greater than carbon footprint (Scope 1-2) by 2030
Short-term Goals:
  • Positive carbon handprint 5 times greater than carbon footprint (Scope 1-2) by 2025

Environmental Challenges

  • COVID-19 pandemic impacting safety and wellbeing
  • Rising material prices, shortages, and delivery delays in the supply chain
Mitigation Strategies
  • Following official regulations and customer guidance, providing instructions to employees
  • Optimising the supply chain and managing pricing, utilizing group-wide best practices and purchasing from the best suppliers

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct
  • Continuous consolidation of purchases to selected suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (Core option)

Certifications: ISO 14001, ISO 45001, ISO 9001, ISO/IEC 27001

UN Sustainable Development Goals

  • Good health and wellbeing
  • Gender equality
  • Decent work and economic growth
  • Industry, Innovation, and Infrastructure
  • Sustainable cities and communities
  • Climate action

Sustainability targets and KPIs linked to these SDGs

Sustainable Products & Innovation

  • Smart building automation
  • Smart heating and cooling
  • Sustainable refrigeration
  • Industrial solutions
  • EV charging
  • Solar panels

Awards & Recognition

  • Best Remuneration Report 2020 in Finland (mid-cap company category)
  • Best Remuneration Policy 2020 in Finland (mid-cap company category)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:3,215,683 tCO₂e/year (Scope 1-3)
Scope 1 Emissions:19,645 tCO₂e/year
Scope 2 Emissions:13,291 tCO₂e/year
Scope 3 Emissions:3,215,683 tCO₂e/year
Total Energy Consumption:57.2 GWh/year

ESG Focus Areas

  • Decreasing our footprint
  • Increasing our handprint
  • Caring for our people
  • Ensuring sustainable value chain

Environmental Achievements

  • Sent emission reduction targets for SBTi validation, aiming for at least 42% reduction of total emissions (Scope 1, 2, and 3) by 2030 compared to 2021.
  • Completed Scope 3 GHG emission inventory calculations.
  • Installed Norway's first public charging station for heavy transport.
  • Developed a solution for the Caverion Drive automation system, optimizing hotel energy consumption.

Social Achievements

  • Achieved an overall employee engagement score of 74% with an 82% response rate in the bi-annual employee engagement survey.
  • Launched a safety and wellbeing culture improvement initiative.
  • Launched a DEI program for top management and hiring managers.
  • Continued the implementation of sustainability eLearning, achieving a 97% completion rate.

Governance Achievements

  • 80% of purchase volume covered by the Supplier Code of Conduct.
  • Implemented a practical Managing misconduct handbook.
  • Introduced separate Speak-up guidelines to ensure high-quality whistleblowing report systems.
  • Rolled out a mandatory eLearning on competition law for relevant employees.

Climate Goals & Targets

Long-term Goals:
  • In line with the Paris agreement 1.5⁰C goal by 2030.
Medium-term Goals:
  • Reduce at least 42% of total emissions (Scopes 1-3) compared to 2021 by 2030.
  • Ten times carbon handprint over footprint (Scope 1-2) by 2030.
  • 15% share of female employees by 2025.
  • >90% Supplier Code of Conduct sign-off rate by 2025.
  • 100% of tender requests to include sustainability criteria by 2025.
Short-term Goals:
  • More than half of the service van fleet to be electric by 2025.
  • Five times carbon handprint over footprint (Scope 1-2) by 2025.

Environmental Challenges

  • Supply chain disruptions due to ESG risks (environmental, labor, human rights, ethical, and sustainable procurement).
  • Data availability needed to fulfil the requirements for substantial contribution and Do No Significant Harm (DNSH) for EU Taxonomy alignment.
  • Potential human rights risks related to subcontractor practices.
Mitigation Strategies
  • Invested in EcoVadis Sustainability Intelligence Suite to evaluate and mitigate ESG risks in the supply chain.
  • Engaged in active supplier dialogue to reduce environmental impact and strengthen cooperation.
  • Implemented human rights risk management in the supply chain and due diligence process using EcoVadis.
  • Provided ethical reporting channels for internal and external stakeholders.

Supply Chain Management

Supplier Audits: Supplier risk assessments and audits conducted regularly.

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Temperature-related risks
  • Flooding (impacting EV charging stations)
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001 (93% of business), ISO 45001 (93% of business), ISO/IEC 27001

UN Sustainable Development Goals

  • Good health and wellbeing
  • Gender equality
  • Clean water and sanitation
  • Affordable and clean energy
  • Decent work and economic growth
  • Industry, innovation, and infrastructure
  • Sustainable cities and communities
  • Responsible consumption and production
  • Climate action

Initiatives contribute to these goals through various actions described in the report.

Sustainable Products & Innovation

  • Smart refrigeration system (CO₂ heat pumps)
  • Caverion Drive automation system for hotels

Awards & Recognition

  • Golden Helmet award