Our approach to sustainability
Fighting climate change
Our aim is to help create a world that runs entirely on renewable energy, and we want to do it in a sustainable way.
Our core business is dedicated to solving one of Earth’s most crucial and complex challenges, climate change. Our mission is to own and operate one of the largest renewable energy fleets in the Nordics.
We stand at the forefront of the energy transformation with our valued customers and partners by supplying sustainable, reliable, and affordable energy.
Our project development and construction are dedicated to working in a way that causes minimal disturbance to the environment.
UN Sustainable Development Goals in our business
The UN Sustainable Development Goals are central to our business. Our contributions are actualized most in our business activities in the following UN SDGs:
Good Health and Well-Being. We take good care of our employees’ health, safety and well-being. We bring significant regional economic benefits to our project localities.
Affordable and Clean Energy. We produce renewable energy and increase the availability of renewably sourced electricity in the market.
Decent Work and Economic Growth. We take good care of our employees, and we grow responsibly. We strive to boost economic growth spurred by renewable energy.
Industry, Innovation, and Infrastructure.
We use the latest technology at our power plants and ensure long service life and continuous energy production. We build new energy infrastructure in the Nordics.
Responsible Consumption and Production. We conserve and recycle materials wherever possible. We provide our customers opportunities to consume sustainable and renewably sourced electricity.
Climate Action. By producing renewable energy and supporting the green transition, we take significant climate action and reduce both our and our customers’ emissions.
Life Below Water. We take seafloor, ocean health and marine biodiversity into consideration when planning offshore wind power.
Life on Land. We take care of people and the environment. Preserving biodiversity is at the core of our sustainability efforts in both wind and solar power projects.
Partnerships. With our partners, we make innovation possible and support the green transition in the Nordics. We invest in developmental cooperation with the government, municipalities and educational institutes. We are a responsible partner and expect the same commitment from our stakeholders.
Commitment to the UN Sustainable Development Goals comes naturally to Ilmatar as clean and affordable energy is one of the most important tools in the fight against the climate crisis. Preventing climate change, on the other hand, is crucial to the success of all the SDGs.
Energy from a new, constructed wind farm is one of the single most effective environmental actions
Our sustainability strategy
Our sustainability strategy and targets are based on a double-materiality assessment, which assess our impact on people and the environment (the inside-out view) as well as the potential financial risks and opportunities for us (the outside-in view). Our stakeholders assessed that the most material topics for us to focus on are:
- Energy transition enabler
Ilmatar is committed to perform its business in the most sustainable way possible. Ilmatar contributes strongly to mitigating climate change by producing fossil-free energy. Positive handprint is not enough for us. We strive to reduce our footprint, including the footprint of our supply chain, where a substantial part of the carbon emissions occur. We also continuously assess the impacts of climate risks to our portfolio.
- Biodiversity and circularity enhancing activities
To support biodiversity Ilmatar searches for best available solutions regarding land-use in its’ projects to conserve biodiversity and to mitigate any negative environmental impacts. Ilmatar develops biodiversity-supporting and circularity enhancing operations and mitigates any negative impacts on nature or animals.
- Human rights and safety in the supply chain
As the majority of the potential negative impacts regarding human rights and occupational health and safety risks lay within the supply chain, Ilmatar selects its’ partners and contractors carefully. By tracking their performance and setting targets for improvement, Ilmatar promotes human rights throughout its’ supply chain.
Communicating transparently about targets, measures and results helps to enhance sustainability throughout the value chain.
- Attractive employer
Working for a purpose drives Ilmatar and its employees. Ilmatar focuses on wellbeing of the employees and developing their expertise. Ilmatar fosters diversity and provides equal career opportunities to attract the best possible team members.
- Active community member
Ilmatar wants to be an engaging member of the communities where it operates to ensure the security of the surroundings for all users of the areas. To make that possible, Ilmatar engages actively with local communities throughout the different operational stages. An open dialogue helps to understand local priorities and address potential concerns.
- Accountable and fair actor
Ilmatar operates transparently, ethically, fairly and equally, following good corporate governance principles. Expecting the counterparties also to follow the same high standards as Ilmatar. Above compliance, Ilmatar acts as a fair tax-payer and strictly refuses any anti-competitive measures and any form of bribery and corruption.
For each of these six material topics, we have set measurable targets, which are in line with our Group strategy until 2027.
Our sustainability goals
1 Energy transition enabler
- 4GW of green energy production assets in operation
- Reduction of CO2 footprint in line with 1.5C ambition
- 100% use of renewable energy in own operations
- Climate risk assessment for 100% of our operating assets
2 Biodiversity and circularity enhancing activities
- Biodiversity assessment for 100% of projects (incl. solar)
- 100% of installed solar panels will be recycled in the future
3 Human rights and safety in supply chain
- Human rights commitment integrated in 100% supply contracts
- LTIF <4 including contractors
4 Attractive employer
- eNPS rate >40
- 100% of employees have a development plan
- Females in highest management positions >40%
- Zero-tolerance for harassment
5 Active community member
- 100% of projects with a public consultation event organized
- 100% of projects with dedicated project development manager
6 Accountable and fair actor
- Zero-tolerance for bribery and corruption
- 100% of personnel trained on corporate governance (incl. code of conduct, anti-corruption, human rights, environmental policy)
*LTIF = lost time incident frequency
*eNPS = employee net promoter score
Our vision is a world powered by renewable energy!
Collaborate with us to work for cleaner environment and climate