Our strategy for 2022–2025 will be executed through three strategic priority areas: Focus, Productivity, and ESG (Environmental, Social, Governance) Our updated ESG strategy will set new standards for the industry.
- Regarding Environmental criteria, we commit to the Science Based Targets initiative (SBTi) to limit global warming to 1.5 degrees in line with the Paris Climate Agreement.
- Concerning Social criteria, we continue to develop and build better living environments. Furthermore, our goal is a zero-accident work community. We develop proactive measures for improving occupational safety with a target of continuously decreasing accident frequency.
- In terms of Governance criteria, we maintain a strict approach towards combatting the grey economy. We do not tolerate corruption, labour exploitation, or discrimination.
YIT is the first Finnish construction company to commit to reducing emissions from both its own operations and its value chain in accordance with the Science Based Targets Initiative (SBTi). With this commitment, we strengthen our previous climate actions and update our current climate targets to be more comprehensive, which also reduces our customers' emissions. The SBTi has approved and validated our emission reduction targets in June 2023.
YIT has also established a Green Finance Framework to support investments promoting the transition towards a low-carbon circular economy. The Green Finance Framework will enable YIT to issue green bonds and other green financial instruments to finance projects with environmental benefits. The Framework will be one of the tools to support YIT to reach its climate and sustainability targets.