Sustainability

Sustainability is part of Enersense’s strategy, which supports the ongoing energy transition in society. Our target is to increase the share of revenue that belongs to the EU environmental taxonomy to 65–70% in 2027.

Key guiding sustainability themes for operations

Enersense’s sustainability work focuses on:
• Sustainable work – occupational safety and other personnel matters in its own operations
• Sustainable business – implementing the energy transition by helping customers build a sustainable energy system and promoting renewable energy production as part of a sustainable value chain
• Environmental responsibility – greenhouse gas emissions in the company’s own operations and the value chain.

In addition to the internal material sustainability themes, we are committed to promoting UN Sustainable Development Goals 7, 8, 9, 11 and 13 in our operations. The analysis carried out by the technology company Upright Project in January 2024 describes how well Enersense’s business contributes to the UN’s Sustainable Development Goals. The analysis is based on the alignment of our products and services with each of the 17 UN SDGs and the 169 targets under the SDGs. In light of the results, our operations are particularly well-aligned with goals 7, 8 and 9.

Our operations have a significant positive impact

We studied the net impacts of our core business operations with the help of Upright Project, a technology company. The net impact analysis is based on products and services belonging to Enersense’s core business operations, taking account of the impacts generated throughout the value chain.

According to the analysis, Enersense’s Net impact ratio in 2023 was +46 %, which is among the top 23%, taking into account all globally modelled companies. Due to the strong growth in revenue, our positive impacts also increased compared to last year. The highly positive net impact ratio indicates that we use a modest amount of resources to create a wide range of positive impact on society, knowledge, health and the environment. Significant positive impacts are generated especially through our services related to the maintenance and construction of societally important electrical grids and telecommunications networks, for example.

A comparison of our net impact results with other analysed companies listed on Nasdaq Helsinki reveals how significant positive impact Enersense’s operations have on the surrounding world. Enersense’s Net impact ratio in 2023 was +46%, whereas the average net impact result of the Nasdaq Helsinki reference group was -10%. Enersense’s positive impact on society is highlighted in the comparison especially because of its products and services related to the infrastructure of society.  In addition, the environmental burden caused by our business operations is significantly smaller than that of the reference group on average.

Our net impact profile can be viewed in more detail on Upright Project’s platform.

Greenhouse gas emissions

We are committed to the Science Based Targets initiative (SBTi) and will set science-based near-term emissions reduction targets by the end of 2025. The SBTi-compliant
emissions reduction targets support the Paris Agreement’s policy of limiting global warming to 1.5 degrees, and the measures cover Enersense’s entire supply chain.

In 2023, Enersense’s direct (Scope 1) GHG emissions were 6,159 tCO2e and indirect (Scope 2, purchased energy) market-based GHG emissions were 3,782 tCO2e. The most significant part, over 90%, of Enersense’s direct greenhouse gas emissions are caused by the fuel consumption of vehicles and machines. The Mäntyluoto production plant accounted for 90% of Enersense’s total indirect Scope 2 emissions in 2023. At the end of 2023, we decided that all new power purchase agreements would be based on the use of zero-emission or renewable energy.

Calculation of the other indirect emissions from the value chain (Scope 3) was started in late 2023 and will be completed during 2024.

More information about sustainability at Enersense can be found on our 2023 annual report, which can be downloaded from here.