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 ESG commitments, Aspo has defined new 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 2021, the emission intensity improved, due to the growth of the businesses being 0.42.
Driving sustainable innovations: Business-specific KPIs
Improving recycling and waste management: Business-specific KPIs
Social Responsibility
Ensuring employee safety: Key KPI is Lost time incident rate (Lost Time Injury Frequency Rate per Million person-hours). In 2021 the LTIF2 was 8.8 and the target for 2022 is 7.0. Long-term target is zero.
Improving the employee, customer and principal experience:
KPI: Employee satisfaction (People Power)
- Status 2021: AA+ (81)
- Target: maintaining 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 2021: 75%
- 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 in 2022.
Read our 2021 Sustainability report here.