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 & TNFD - Metrics & targets, A.
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 2020, Elisa became the first Nordic telco to go carbon neutral.
Elisa is also one of the leading companies to have ambitious goals in line with limiting global warming to 1.5 degrees by 2025:
- We will reduce our emissions (Scopes 1 and 2) by 50% compared to 2016.
- We will reduce emissions related to travelling and waste, as well as emissions from the supply chain (Scope 3) by 12% compared to 2016.
Elisa’s carbon footprint (Scope 1 and 2) has decreased by more than 78% compared to 2016. The 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. The Elisa Ideal Work operating model and opportunities for location- independent work have reduced personnel’s travel and emissions to a significant degree.
Elisa achieved carbon neutrality in 2020, by implementing both energy reduction measures and acquiring carbon Gold Standard-certified carbon emission offset credits (for energy use that cannot yet be fully based on renewable options, personnel’s commutes and mobility, as well as the network’s backup power).