The Financial Times has listed 300 European Climate Leaders 2021. The list includes European companies that achieved the greatest reduction in their greenhouse gas (GHG) emissions between 2014 and 2019. Vaisala is proud to be near the top of the list.
Vaisala, a global leader in weather, environmental, and industrial measurements, is ranked 14th on the Financial Times list of 300 European climate leaders. Climate change is turning into an ever more crucial challenge for our planet, and with this study the Financial Times underlines great achievements but also encourages companies to do more.
“It is a great honour to be included on the top of Financial Times’s Climate Leaders list, and it is a result of consistent and excellent work on reducing our own carbon footprint. We can see that the climate situation is getting more urgent, creating a chain of environmental, societal, and economic impacts on our planet. This calls also for actions from the private sector to step up and be a key driver of change in the transition to a low-carbon economy,” says Kai Öistämö, President and CEO, Vaisala.
Vaisala achieves this excellent position, whether ranked by GHG emission reduction aligned with revenue growth during the years 2014–2019 or total reduction of GHG emissions in the same timeframe. Vaisala’s figures on these scales are 37.3% (average per year) and 86.9% (total) respectively. The great reduction is largely due to the fact that Vaisala has worked towards using 100% renewable electricity and achieved this target in 2020.
The Financial Times’ study takes into account Scope 1 and 2 emissions, meaning those emissions directly produced by a company itself and those produced in generating the energy used by the company. Other parts of the value chain, such as suppliers and product use, are left out.
“We have taken great measures to reduce our carbon footprint continuously, and if we look at our latest figures from last year, they surpass even the 86.9% in the Financial Times’ list. In 2020, our total reduction of core emissions from the 2014 baseline was actually 94%. Sustainability really is at the core, and it is visible not only in our own operations but throughout the value chain. We place expectations on our suppliers so that they act according to our sustainability standards. Also, the net impact of our solutions is demonstrably positive: the greatest impact of our products stems from our product use,” explains Marjo Hietapuro, Sustainability Manager, Vaisala.
“The fact that we are able to do good for our planet in every part of our value chain makes me very proud to work for Vaisala. Our handprint is positive: as our customers use our products, they can, for example, prepare for extreme weather events beforehand, make renewable energy production more efficient, or reduce the emissions from their industrial processes. We help them to build a better future for our planet. It is truly extraordinary to get to work for a company where everything we do is meaningful,” Öistämö concludes.