Veho's carbon footprint and climate work

The common target of the whole Veho Group is to be carbon neutral in all own operations by 2025. We are tracking our carbon footprint and are working hard to reach this goal.

We assess the carbon footprint of our own operations through two categories: (1) vehicle emissions and (2) energy use at facilities. Altogether, the Group’s carbon emissions increased by 7 % in 2021 compared to 2020, when the first Scope 1 and 2 calculations were conducted. We have identified actions in both categories that have the greatest emissions reduction potential, and we are currently evaluating implementation possibilities. Concrete actions were taken already at the end of 2021: on 1.1.2022, we changed all electricity in Lithuania to renewable and increased the usage of renewable district heating in Finland in all areas where available. This means changing about 10 000 MWh of district heating in Finland to renewable, low-emission heating annually.

Our total carbon footprint increased in 2021 mostly due to better data availability, a better understanding of our operational footprint, and an improved calculation methodology. However, our emissions did increase in practice because of a colder winter compared to 2020, leading to increased heating consumption. In addition, there were time periods when several large real estate facilities were in use at the same time due to migrating operations from one facility to another, resulting in higher emissions compared to normal operations. These cases include Finnish facilities in Espoo, Vantaa, and Oulu.

More specific data, methodology, and assumptions related to Veho’s carbon footprint can be found in the Data section at the end of the Sustainability Report 2021.