Sustainability Report 2022 published: Veho Group nears ambitious carbon neutrality goals at a good pace

The carbon footprint of Veho Group's properties decreased significantly last year, by a total of 42 percent from the 2021 level. The reduction was caused by a wide range of measures in different Veho countries. At the beginning of 2022, Veho's properties in Lithuania switched entirely to renewable electricity, and the same happened in Veho’s Estonian properties last August. Renewable electricity has been used in Veho properties in Finland since 2019. In addition, the properties’ energy efficiency has been increased in all markets, for example by optimizing lighting and heating and by utilizing the automation of maintenance functions.

All this, and much more information, can be found in the Veho Group Sustainability Report, published on May 9, 2023. It compiles the goals and measures of the group's responsibility work in five countries from three perspectives: environmental responsibility, social responsibility, and good governance.

"Sustainable mobility has guided Veho's operations for a long time. As a family company, ambitious responsibility work is a natural part of who we are. We are guided by an intergenerational approach: we want to leave both the company and the planet to future generations in a better shape than when we received them," says Veho Group CEO Juha Ruotsalainen.

Strong corporate culture enables Veho to reach responsibility goals

Veho Group set ambitious carbon neutrality goals in 2022. The goals committed the entire group to becoming carbon neutral within its own operations in 2025. Veho Finland aims to reach this goal already during 2023. Veho is the first automotive industry player to commit to carbon neutrality within this timeframe.

At Veho, environmental responsibility is about more than energy saving and renewable energy sources. It also includes, for instance, efficient recycling of waste and investing in the electrification of Veho's vehicle fleet, including employee and demo cars.

The well-being of employees and a work atmosphere that is perceived as open and fair are among the most important indicators of social responsibility at Veho. The continuous focus on a good company culture was rewarded in 2022 with the Great Place to Work® (GPTW) certificate. For the first time, it was awarded to all Veho operating countries: Sweden, Finland, Estonia, Latvia, and Lithuania. Veho Bil in Sweden was recognized as the best employer in the field.

"Our strong corporate culture and Veho employees in different countries make it possible to realize our responsibility goals. Nurturing and further developing a good corporate culture is a key part of our strategy and responsibility work," says People and Culture Director Susanna Kohisevankoski.

Great Place to Work is a global certification program that recognizes companies for a positive, trust-based workplace culture.

Founded in 1939, Veho imports Mercedes-Benz vehicles and offers mobility services. Veho’s customers enjoy versatile mobility services and transport solutions from passenger cars to heavy trucks. Veho Group employs about 2,200 people.

Download the report here: Veho Group Sustainability Report 2022