We disclose the metrics used by Elisa to assess and manage climate-related and increasingly also nature-related risks and opportunities in line with its strategy and risk management process, as recommended in TCFD.
Since 2009, reducing carbon emissions has been part of our business strategy process. Currently, we have several key performance indicators that measure our success in enabling a low-carbon society, in line with our business strategy.
Elisa was among the first Finnish companies in 2018 to adopt goals prepared in accordance with the requirements of the Science Based Targets initiative and confirmed as being in line with the Paris Agreement.
In early 2023, Elisa’s updated near-term climate target was approved by the Science Based Targets initiative (SBTi), along with the new long-term target for net-zero as the first publicly listed Finnish company:
Near-term climate target: Elisa Corporation is committed to reducing absolute scope 1, 2 and 3 GHG emissions by 42% by 2030 from the base year 2021. We will achieve it without offsets or beyond value chain mitigation.
Net-zero target: Elisa Corporation is committed to reducing absolute scope 1, 2 and 3 GHG emissions 90% by 2040 from the base year 2021. We will prioritise decarbonisation through direct emissions reductions, and all residual emissions will be neutralised in line with SBTi criteria before reaching net-zero emissions.
We drive our ambitious climate targets in Elisa’s Climate Transition Plan, by continuously developing and if necessary, pivoting our current operations.
Elisa’s carbon footprint (Scope 1 and 2) has decreased by more than 77% compared to 2016. The mitigation measures include the use of carbon-free electricity, network optimisation and increasingly energy efficient new technologies as well as the utilisation of data centres’ waste heat in the district heating network. Elisa is a pioneer of flexible work in Finland and the Elisa Ideal Work operating model and opportunities for location- independent work have reduced personnel’s travel and emissions to a significant degree.