Climate change mitigation

Climate change mitigation

Climate change mitigation is one of YIT's strategic goals

Our goal is to reduce greenhouse gas emissions (CO2e emissions) from both our own operations and self-developed projects. Reducing greenhouse gas emissions requires, among other things, improving operational efficiency and reducing waste, implementing new circular economy solutions and making broader use of renewable energy.

We also take climate change into account in our risk management. In autumn 2020, we launched a detailed climate change risk and opportunity assessment (TCFD), which assessed two different global warming scenarios and their effects on YIT's business. Based on the assessment, we will further develop our risk management.

The use and construction of the built environment account for about half of the world’s consumption of natural resources and approximately 40% of the total consumption of energy. Also, a third of all greenhouse gas emissions arise from the use and construction of buildings. (World Business Council for Sustainable Development)

Sustainability goals to mitigate climate change

In 2019, we published long-term sustainability goals to mitigate climate change. We report annually on the progress of these goals.

YIT's long-term sustainability targets

Theme

Long-term targets

Key indicators

2021 results

CLIMATE CHANGE MITIGATION  
Emissions Halving CO2 emissions of own operations and self-developed projects by 2030 CO2 emissions compared to 2019 Own operations: -17 %
Self-developed projects: Emissions declined 1,6 % compared to the previous year.
Carbon-neutral use Enable carbon-neutral heating, cooling and hot water in self-developed projects
In the Housing segment, geothermal heat was confirmed in 12 properties, which helps reduce the full life cycle greenhouse gas emissions related to heating, cooling and hot water by 49% compared to a property that uses ordinary district heating.
Reporting Reporting CO2 emissions from 2020 onwards in self-developed projects


Number of projects reported


100 % of the targets' projects calculated.