Sustainability management

Sustainability as part of YIT's renewed strategy

Sustainability is a significant component of YIT's strategy. The strategy for 2019–2021 is based on the cornerstones of urbanisation, digitalisation and sustainability, which we have identified as the most significant megatrends with respect to our operations. To execute our strategy and enhance our progress, we launched three development programmes: Performance, Customer Focus and Green Growth.

With the Green Growth development programme, we support growth and the development of productivity by applying the principles of sustainable development. Our goal is to identify the current state of our operations, set sustainability targets and enhance our operations through energy efficiency, material efficiency and the circular economy. The programme also aims to create new business in line with the principles of sustainable development.

Read more about YIT's strategy

Our sustainability practices

We guide our sustainability in many ways. You can explore the most important topics below.

Code of ConductCode of Conduct

YIT's Code of Conduct

YIT's mission, vision and values are the foundation of our operations and ways of working. YIT's Code of Conduct are a concrete expression of what compliance with our values means in our work with different stakeholders.

Suspected misconducts investigated without delay

We expect every employee at YIT to report to their immediate superior if they suspect a breach of the company's business principles. In addition, all countries where YIT operates have appointed persons in charge of ethics who escalate the processing of reported misconduct.

For already years we have also been using a reporting channel maintained by a third party, allowing our employees to report confidentially, and, if necessary, anonymously any suspected misconduct. A report can be submitted online or by telephone in 15 languages. Each suspected misconduct will be investigated carefully and without delay, and will lead to appropriate action.

How to report a concern

Policies and principlesPolicies and principles

YIT is committed to good corporate governance through compliance with laws and regulations and by implementing best practices. Find more information on YIT's corporate governance here.

Below you can find YIT's policies and principles regarding sustainability, human resources, quality, occupational safety and environment.

Targets and performance indicatorsTargets and performance indicators

A look ahead: Sustainability targets and performance indicators at YIT

Targets guide our operations in the short and long term. Each year, we set targets and KPI’s for each of the material sustainability theme and report on their implementation. In addition, in the autumn of 2019, we set long-term sustainability targets to mitigate climate change. We will also report annually on our progress towards these goals.

YIT's long-term sustainability targets

Theme	Long-term targets	Key indicator and results
CLIMATE CHANGE MITIGATION
Emissions	Halving CO2 emissions of own energy consumption and self-developed projects by 2030	CO2 emissions (t CO2) compared to 2019
Carbon neutrality	Opportunity for carbon neutral use of buildings in self-developed projects	•••
Reporting	Reporting project specific CO2 emissions from 2020 onwards in self-developed projects	••• Number of projects reported

YIT's sustainability targets for 2019

Theme	Targets 2019	Key indicator and results
1. CREATING SUSTAINABLE, COMFORTABLE AND SAFE URBAN DEVELOPMENT BY UTILISING OPPORTUNITIES PROVIDED BY THE CIRCULAR ECONOMY
Circular economy	Defining YIT’s potential for the circular economy and setting objectives Initiating circular economy pilot projects	••• •••
Sustainable urban development	Extending the key indicators for sustainable urban development	•••
2. COMPLIANCE WITH GOOD CORPORATE GOVERNANCE AND PREVENTING CORRUPTION AND THE GREY ECONOMY
Responsible business principles	Updated YIT Code of Conduct (YIT Code II) online course: coverage 100% of personnel by the end of 2019	Number of persons who have completed the YIT Code of Conduct online course (percentage of personnel)
Fighting corruption and transparent actions	Zero incidents (crimes and misdemeanours)	Number of resolved crimes and misdemeanours Number of control findings made by internal audit and the corrective actions performed
3. OCCUPATIONAL SAFETY
Preventive indicators	Culture: Work Safety Challenge workshops Smart operating methods: Digitalisation of weekly site assessments and occupational safety observations (YIT Finland Ltd)	Executive management and 500 delegates from participating countries Deployment of a digital tool (YIT Finland Ltd) in 2019
Reactive indicators	A zero-accident workplace	LTIF <5 (own personnel)
4. PROMOTING THE PERSONNEL’S OCCUPATIONAL WELL-BEING AND COMPETENCE DEVELOPMENT
Happy people	A positive work atmosphere An excellent path into the industry for students Good supervisory work and investment into HR development A human rights assessment completed in 2019	Spirit index for the Voice HR survey: objective > 78% Number of trainees: 1,000 trainees/seasonal employees in 2019 Trainee feedback (recommendation index): > 90% (YIT Finland Ltd) Participation in supervisor trainings: objective 100 supervisors in 2019 Exit rate %: max. 4.5% (rolling review period of 6 months, resignation for personal reasons) Assessment completed and its results factored into annual planning
5. IMPLEMENTING RESPONSIBLE SUBCONTRACTING AND PROCUREMENT
Audits and harmonising procurement processes	Harmonising auditing policies and processes, implementation of best practices at the new YIT (incl. responsibility) Harmonising supplier audits and the implementation of best practices (incl. responsibility)	Auditing policies and processes have been defined and approved Supplier audits have been harmonised
Increasing transparency	Real-time development of supplier monitoring using data analytics as part of responsibility assessments (YIT Finland Ltd) Developing a responsible supply chain: A gap analysis for responsible procurement and a preliminary risk assessment	A tool has been deployed (YIT Finland Ltd) Completed and the results have been factored into annual planning
6. REDUCING THE ENVIRONMENTAL IMPACTS OF YIT’S OWN OPERATIONS
Energy and material efficiency	Energy and material efficiency: defining operative efficiency/potential for the circular economy in various business functions and setting targets	•••
Carbon calculations	Developing YIT’s energy reporting and CO2 calculation models (Group-level and project level calculation)	•••
Recycling and reuse of materials	Developing YIT’s waste reporting model (YIT Finland Ltd) Increasing the use of recycled asphalt (RAP)	••• The proportion of recycled asphalt (RAP) 20% out of all asphalt produced in 2021
Reducing the environmental impacts	Certification of YIT Finland Ltd’s business operations in accordance with the ISO 14001 standard	All business operations have been certified (ISO 14001)

Sustainable Development Goals (SDG)Sustainable Development Goals (SDG)

Value creationValue creation

Material themes and materiality assessmentMaterial themes and materiality assessment

The foundation for our sustainability

What are the most significant aspects of sustainability for us? What do our stakeholders expect from us?

We conducted a materiality assessment process to find answers to these questions in collaboration with an independent third party in summer 2018. The questionnaire included 22 sustainability themes and invited the respondents to assess the importance of each team to YIT’s operations and YIT’s impacts on the surrounding society, environment and economy. The survey was met with widespread interest and we received more than 2,000 responses in total. The respondents represented a wide range of stakeholders, including customers, employees, shareholders, investors, partners, municipalities and the public administration.

We analysed the survey results in YIT’s internal workshops and strategy development processes. As a result of our analysis, we chose YIT’s six most
significant sustainable development themes. Our material sustainability themes are also described in our materiality matrix.

YIT’s Group Management Team confirmed and approved the materiality matrix in November 2018. Each year we set targets and performance
indicators for each theme. See current targets below.

The results of the materiality assessment serve as the guideline for our sustainability work.

Material themes

Creating sustainable, comfortable and safe urban development by utilising opportunities provided by the circular economy.
Compliance with good corporate governance and preventing corruption and the grey economy.
Occupational safety.
Promoting the personnel’s occupational well-being and competence development.
Implementing responsible subcontracting and procurement.
Reducing the environmental impacts of YIT’s own operations.

Managing material themesManaging material themes

Collaboration in society Collaboration in society

Below you can find more information on YIT's collaboration actions.

Stakeholder collaboration

This is how we meet the stakeholders’ expectations.

100+ Good Deeds

Our 100 Good Deeds campaign was a gift to a 100-year-old Finland, however we still continue the good deeds. Through good deeds we share joy around us.

Read more about the 100+ Good Deeds here (only in Finnish).

Sponsoring

We spread common good via our 100 Good Deeds programme. Read more about our sponsoring practices.

sponsoring

Sustainability management

Sustainability as part of YIT's renewed strategy

Our sustainability practices

Code of ConductCode of Conduct

YIT's Code of Conduct

Suspected misconducts investigated without delay

Policies and principlesPolicies and principles

Targets and performance indicatorsTargets and performance indicators

A look ahead: Sustainability targets and performance indicators at YIT

YIT's long-term sustainability targets

YIT's sustainability targets for 2019

Sustainable Development Goals (SDG)Sustainable Development Goals (SDG)

Value creationValue creation

Material themes and materiality assessmentMaterial themes and materiality assessment

The foundation for our sustainability

Material themes

Managing material themesManaging material themes

Collaboration in society Collaboration in society

Stakeholder collaboration

100+ Good Deeds

Sponsoring

YIT Group

Short links

YIT Head Office

Sustainability management

Sustainability as part of YIT's renewed strategy

Our sustainability practices

Code of ConductCode of Conduct

Policies and principlesPolicies and principles

Targets and performance indicatorsTargets and performance indicators

Sustainable Development Goals (SDG)Sustainable Development Goals (SDG)

Value creationValue creation

Material themes and materiality assessmentMaterial themes and materiality assessment

Managing material themesManaging material themes

Collaboration in society Collaboration in society

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