What does sustainability in business premises mean?

Properties' lifecycle influences sustainability

Sustainability targets affect also company's business premises. The sustainability of business premises is a value choice alongside the company’s other sustainability choices.


What does ESG-sensitive and long-term sustainable property development mean in practice?

The responsibility and sustainability of property development and business premises construction can be considered from many different points of view. The ESG breakdown provides an excellent framework for such considerations that clarifies and facilitates the addressing of different themes.

Environment – criteria for environmental responsibility

The renewable natural resources produced by the Earth over a year are currently already used up nearly halfway through the year. In order to preserve the conditions for a good life for future generations, it is important to reduce consumption and develop operations in a way that reduces environmental impacts. As a property developer and builder, we have a great responsibility to choose materials with a lower carbon footprint compared to conventional alternatives, and at the same time increase the sorting rate of our construction site waste in a determined way.

Social – criteria for social responsibility

We are aware of our own responsibility in developing our society and building a better living environment. Our task is to identify the effects of global megatrends on the property market and provide our customers with business premises solutions that take environmental, social and governance aspects into account when it comes to business premises and at the same time increasing the well-being of personnel.

Governance – criteria for governance responsibility

Responsible construction also includes employment and building contracts to ensure that we do not use illegal labour or trample on employment contracts on our construction sites. We undertake to comply with the principles of good corporate governance and YIT Code of Conduct.

Read more about future-proof property development

 

Our updated strategy sets new standards for the entire construction industry in terms of responsibility

YIT strategia

As regards the environmental criteria, we are committed to the Science Based Targets initiative (SBTi) and its target to limit global warming to 1.5°C, in accordance with the Paris Agreement. YIT is the first Finnish construction company to commit to reducing emissions from its own operations and its value chain in accordance with the Science Based Targets initiative. As part of the commitment, we will step up our previous climate efforts and update our current climate targets to make them more comprehensive and offer solutions that help our customers reduce their own emissions.

As regards the social criteria, we will continue our efforts to build a better living environment. We are striving to reduce occupational accidents by 30% by 2025 and putting special effort in strengthening well-being at work and personal growth.

As regards the governance criteria, we will continue our stringent approach to the prevention of the grey economy. We do not accept corruption, labour exploitation and discrimination.

We also promote our ESG objectives throughout our supply chain. In future, we will require our suppliers to observe the same standards concerning the environment, society and governance as we do. We believe that this will set new standards for the entire industry. Read more about our strategy.