Aiming to be forerunners
Sustainability forms an integral part of our acquisition process and ownership agenda. Aspo's businesses aim to be forerunners in sustainability. Aspo has defined new ESG themes and targets for the material areas of the group and its business operations. Key ESG themes are:
- Growing our business while lowering pressure to the environment
- Improving Aspo experience for people in our value chain
- Driving sound governance practices at all levels
In order to support our sustainability commitments, Aspo has defined specific ESG targets.
Environment
The main target is to reduce emission intensity CO2 (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 2022, the emission intensity improved, due to the growth of the businesses, operational excellency and new operating models and stood at 0.33 (0.42).
Driving sustainable innovations: Business-specific KPIs
Improving recycling and waste management: Business-specific KPIs
Social Responsibility
Ensuring employee safety: Key KPI is injury frequency. In 2022, the Total Recordable Injury Frequency (TRIF) was 8.1 (8.8). Even though TRIF improved from the previous year, we did not reach the target of 7.0 set for 2022.
Improving the employee, customer and principal experience:
KPI: Employee satisfaction (People Power)
- Status 2022: AA
- Target: AA+
KPI: Net promoter score
- To be measured frequently in all businesses
Enhancing product and service quality: Business-specific KPIs
Governance
Sound governance practices: Key KPI is % of completion of Code of Conduct & Compliance training
- Status 2022: 100%
- Target 2022: 100%
Thorough risk management: Further development of systematic risk management process together with portfolio companies.
Continuous development of the Sustainability program: Integration of ESG targets to personnel incentive system groupwide was done in 2022.
Read our 2022 Sustainability report here.