Sanoma Celebrates A- CDP Rating for Third Year in Row
Sanoma Achieves Outstanding CDP Rating
Sanoma Corporation has achieved an impressive CDP Climate Change rating of A- for three consecutive years. This rating, recognized globally as the benchmark for corporate environmental reporting, underscores Sanoma's commitment to enhancing sustainability practices. With such high scores, including a strong CDP Forest rating of B, the company continues to prioritize environmental governance.
Commitment to a Low-Carbon Economy
Kaisa Uurasmaa, Head of Investor Relations and Sustainability at Sanoma, expressed pride in the company's ongoing progress. “Receiving the CDP Climate Change rating of A- once again highlights our dedication to transitioning towards a low-carbon economy,” she stated. The company’s ambitious targets are aligned with the Science Based Targets initiative (SBTi), which aims to significantly reduce greenhouse gas emissions in both operations and across the value chain.
Emissions Reduction Initiatives
Sanoma is targeting a 42% reduction in its own operational greenhouse gas emissions (Scope 1 and 2) and a 38% decrease in emissions from its value chain (Scope 3) by 2030, compared to 2021 levels. Notably, by the end of 2023, the company has reported a 31% reduction in its own operational emissions and a 29% reduction in value chain emissions, demonstrating effective progress ahead of schedule.
Investments in Renewable Energy
A significant aspect of Sanoma's sustainability strategy includes investments in renewable energy sources. Notably, the installation of 2,125 solar panels at key facilities has contributed to substantial emission reductions. These initiatives exemplify how Sanoma is actively engaging with both its operations and suppliers to minimize the overall environmental impact.
Recognition and Future Goals
The CDP assessment is a rigorous process, with more than 24,800 organizations across 130 countries participating. Sanoma’s consistent rating reflects not only its commitment but also the increasing standards set by CDP for leadership level ratings. The company plans to publish detailed sustainability performance, including significant emissions data, in its upcoming Annual Report for 2024.
Sustainable Investment Focus
Sanoma is committed to the UN Sustainable Development Goals and has also signed the UN Global Compact. This showcases its dedication to responsible and sustainable business practices—part of what makes Sanoma a compelling option for investors seeking sustainable investments. Sanoma's diverse portfolio not only includes educational resources but also robust media services that engage audiences through independent journalism and entertainment.
About Sanoma Corporation
Sanoma operates across Europe, employing nearly 5,000 professionals. With a net sales amount of around 1.3 billion euros and an operational EBIT margin of 13.4% in 2024, the company continues to expand its influence in the media and learning sectors. The company's shares are traded on Nasdaq Helsinki, and more information can be found on their official website.
If you have any questions or require additional details, please reach out to Kaisa Uurasmaa, Head of Investor Relations and Sustainability, via telephone at +358 40 560 5601.
Frequently Asked Questions
1. What does the CDP rating A- signify?
The CDP rating of A- indicates that a company is a leader in environmental sustainability and demonstrates significant efforts in combatting climate change.
2. How is Sanoma reducing its greenhouse gas emissions?
Sanoma is actively reducing emissions by investing in renewable energy sources and implementing effective emission reduction strategies outlined by its SBTi targets.
3. What are Sanoma's specific emissions reduction targets?
Sanoma aims to cut its Scope 1 and 2 emissions by 42% and its Scope 3 emissions by 38% by 2030 from a 2021 baseline.
4. How does the CDP assess companies?
The CDP evaluates companies based on their environmental impact and sustainability performance, including emissions reduction and resource management.
5. Where can I find more information about Sanoma's sustainability efforts?
More detailed information about Sanoma’s sustainability strategies and performance can be found in their Annual Report and on the official Sanoma website.
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