Driven by sustainability

Adven – About Us – Sustainability

Ongoing transitions

Code of Conduct

Governance

Whistleblowing channel

For us, growth and impact go hand in hand. That’s why our sustainability strategy and our company strategy are the same. Acting on our strategy means maximizing our positive impact and minimizing our negative. When we grow while reducing the climate footprint from our sold energy – we know we are making a difference in a larger scale, not only for ourselves, but also for our customers, and the planet.

In the Sustainability Presentation below, we share where we are on our journey, our targets, actions, and some of the challenges we face on the way. We welcome feedback on if we are doing the right things – and doing things right. The same goes for areas that you believe can be improved.

Please share your thoughts with us. Together we become even better.

Read our latest sustainability presentation

Adven & Sustainability 2023

Some of our progress during 2023

Reduced the carbon footprint of each megawatt hour sold by 4%

Increased the share of employees feeling highly motivated with clear targets from 66% to 68.5%

Entered new partnerships estimated to reduce CO2 emissions by 12,231 tonnes.

ISO certified management systems

Quality, safety and environmental aspects are taken into consideration in all our operations. Our operations in Finland, Sweden, Estonia and Latvia are certified by a number of ISO and local certificates.

Visit our local pages for more information:

Adven & The environment

For us, environmental sustainability means solutions that improve energy, water and material efficiency. We strive to develop ways of utilizing renewable and recycled energy sources and invest in making their use more efficient. Our management systems help us guide our work to protect the natural environment surrounding us and to prevent harmful pollution from our operations. To reach our environmental targets, we must phase out all fossil fuels in our own operations and we have a plan on how to suceed with that that is currently being executed in all of our markets.

Our targets

By 2030, we are to reduce the carbon intensity* from our sold energy with 50%
By 2030, we are to be running on 95% renewable and recycled energy
By 2040, we are to be 100% running on renewable and recycled energy

Read more about the targets in our sustainability presentation.

*Scope 1: gCO2e per kWh

Adven & Safety

Ensuring safety at work is vital for us. We want all our own personnel, contractors, and our guests to be able to return home safe and healthy. We have set common targets to ensure continuous improvement in health and safety and to track our performance.

We are following both proactive and reactive health and safety KPIs to keep on top of our progress. We work with continuous improvements to ensure a safe workplace and safe work methods to avoid any injuries or harm to health. The risks of our work methods and work environment are evaluated, and risks are effectively acted upon.

We encourage people to think about their own and other people’s safety and the risks related to their work and make the right choices of work methods, equipment used, personal protective equipment, and other risk control methods applied. Since many years we have encouraged our personnel to actively report safety observations and improvement ideas. These activities lead to an impressive number of effective safety improvement actions and have a very positive effect on the organization’s safety culture.

Read more about safety in our sustainability presentation.

Our sustainability services

We support our customers in their transition towards more sustainable operations. We help reduce CO2 emissions and increase energy, water and resource efficiency.

Industry

We collaborate with big and small industrial sites and build energy, water and resource efficient partnerships that bring value to our customers, to us, and to society.

Property

We tailor-make sustainable energy solutions based on geoenergy for public properties as well as commercial properties such as shopping malls and residential buildings.

Municipality

Through cooperation and joint ownership, we want to strengthen local district heating companies and help them meet the demand for greener energy production.

External evaluations of our sustainability work

In 2024, Adven participated in the EcoVadis sustainability assessment for the first time. Based on our 2023-year performance, Adven received a silver medal, scoring 72 out of 100 points. This places Adven in the 94th percentile, scoring higher than or equal to 94% of all companies evaluated through EcoVadis globally.

Our strategy for sustainable growth

Renewable energy and resource efficiency is not just our way forward, it is a growing demand from society. Add changing consumer behaviors and expectations, forcing companies to improve their products and processes, and we see a growing market for our expertise and offering. Partnering with our customers in their strategies to sustainable growth.

Renewable & Recycled energy sources

For us, it is important that we use renewable and recycled energy sources in our solutions as much as possible – both in our own district heating production, and in the solutions we tailor to industries and properties. Renewable energy sources are sources that do not run out in the foreseeable future but are constantly being renewed.