Sustainable value creation
Socially, financially and environmentally sustainable business is a requirement for producing long-term value. A responsibly led, growing company can create jobs, tax revenues and wellbeing.
Sustainability forms an integral part of our acquisition process and ownership agenda. Aspo's businesses aim to be forerunners in sustainability. In order to support our ESG commitments Aspo has defined new ESG targets for the material areas of the group and its business operations. The main target is to reduce emission intensity CO2e (tn) / turnover (t€), by 30% by the year 2025. The starting point (2020) is 0.44, while the target level (2025) is 0.30. In 2021, the emission intensity improved, due to the growth of the businesses being 0.42.
Aspo’s Code of Conduct defines a common set of rules for responsible business in all the Group’s subsidiaries. It gives guidance in areas where employees need to make personal and ethical decisions. This Code of Conduct applies to all Aspo Group employees and operations. Code of Conduct is approved and issued by Aspo’s Board of Directors.
Aspo Group’s CEO is in charge of the management of Aspo’s sustainability. The CEO reports to the company’s Board of Directors in accordance with the risk management policy.