YIT Corporation
Climate Impact & Sustainability Data (2023, 2024)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Sustainable lifestyle for customers
- Reducing environmental impact of own operations
- Occupational safety
- Good governance and preventing corruption and grey economy
- Safeguarding biodiversity
- Promoting competence development of personnel
- Respecting human rights
- Responsible subcontracting and procurement
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Climate change mitigation
- Occupational safety
- Responsible procurement
- Biodiversity
- Sustainable living environments
Environmental Achievements
- Received approval from the Science Based Targets initiative (SBTi) for its emissions reduction targets.
- Aims to reduce the lifecycle emissions of its completed buildings (Scope 3) and reach carbon neutrality by 2030 (Scope 1 and 2 emissions).
Social Achievements
- Focus on promoting competence development of personnel, with at least 300 people trained in project management expertise.
- Regular assessment of human rights impacts and development actions based on assessment results.
Governance Achievements
- All YIT employees complete YIT Code of Conduct training.
- YIT’s Board of Directors is responsible for approving strategic targets related to sustainability and oversees risk management.
Climate Goals & Targets
Long-term Goals:
- Carbon neutral in its own operations by 2030.
Medium-term Goals:
- Reduce absolute scope 3 GHG emissions by 30% by 2030 from a 2019 base year.
- Decrease the value chain emissions of projects by 30% by 2030.
Short-term Goals:
- Reduce GHG emissions from own operations (Scope 1 and 2) by 90% by 2030 from a 2019 base year.
- Increase sorting rate of construction waste to >80%.
Environmental Challenges
- Significant impact of construction on climate and the need for reducing CO2 emissions (around 30% in Finland).
Mitigation Strategies
- Science-based targets for emission reduction (Scope 1, 2, and 3).
- Transition to low-carbon construction materials.
- Encouraging suppliers and contractors to develop low-carbon alternatives.
Supply Chain Management
Responsible Procurement
- Transition to low-carbon construction materials.
- Improve transparency in the supply chain.
- Prevent unauthorized work on YIT construction sites by workers outside EU, EEA or Switzerland.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Green Bond Principles (GBPs), Green Loan Principles, Greenhouse Gas Protocol, EU Taxonomy
Certifications: ISO 14001, ISO 45001, ISO 9001, ISO 50001 (Latvia and Lithuania)
Third-party Assurance: Sustainalytics (second party opinion), Independent verifier (annual statement)
UN Sustainable Development Goals
- 5. Gender equality
- 6. Clean water and sanitation
- 7. Affordable and clean energy
- 8. Decent work and economic growth
- 11. Sustainable cities and communities
- 12. Responsible consumption and production
- 13. Climate action
- 15. Life on land
- 16. Peace, justice and strong institutions
The most relevant SDGs have been integrated into YIT’s sustainability targets and are used in the sustainability impact assessment process.