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

2020 results

CLIMATE CHANGE MITIGATION  
Emissions Halving CO2 emissions of own operations and self-developed projects by 2030 CO2 emissions compared to 2019 Own operations: -21%
Self-developed projects: Emissions remained at the base year level. A change in the calculation method in 2020 caused a 10 % reduction
Carbon-neutral use Enable carbon-neutral heating, cooling and hot water in self-developed projects
We started to build ca. 100 apartments with geothermal heating
Reporting Reporting CO2 emissions from 2020 onwards in self-developed projects


Number of projects reported


98% of the targets’ projects calculated