Our sustainability goals

Vestum's sustainability goals in the short and long term

Sustainability is a strategically important issue for Vestum, and we have a long-term commitment to promote and contribute to a sustainable society.

Vestum’s board has therefore set long-term and short-term sustainability targets for Vestum’s operations. The purpose of the sustainability targets is to create a clear picture for Vestum’s internal and external stakeholders when it comes to Vestum’s sustainability work. The long-term targets extend to 2040 and focus on areas deemed especially important from a sustainability perspective for Vestum's operations. The short-term targets currently extend to the end of 2026. The set sustainability targets are described below.

Climate

Climate change is one of the greatest challenges of our time, and Vestum operates in sectors that currently contribute significantly to climate emissions. Therefore, Vestum needs to take action to reduce its adverse climate impact.

By 2026, Vestum shall reduce CO₂e-emissions by 25% in scope 1, 2, and 3 by a total of 25% per unit of revenue to contribute to the goals of the Paris Agreement. Vestum's base year for measurement will be 2023.

By 2040, Vestum shall achieve net-zero climate impact across scope 1, 2, and 3 emissions.

Biodiversity

Biodiversity, along with the climate challenge, is crucial in ensuring our societies' stability in the future. Therefore, Vestum's operations must be environmentally conscious, considering nature and ecosystems, and strive to minimize any negative impact on biodiversity within Vestum's operations and throughout our value chain. Any unavoidable negative impact should be offset through measures that promote and support biodiversity.

By 2026, Vestum shall have assessed its impact on biodiversity. Vestum's board has also decided that Vestum should establish scientifically grounded goals for both climate and biodiversity, initiating a process to have them approved by SBTi (Science Based Targets Initiative).

By 2040, Vestum's shall achieve a net-zero impact on biodiversity.

Workplace environment

The framework for Vestum’s operations includes jobs that are physically challenging or expose workers to other forms of increased risk. Work environment issues therefore have the highest priority within Vestum, and we operate based on a zero-accident vision within the group.

By 2026, Vestum shall have established, through active measures and educational efforts, a group-wide structure and culture that ensures both accurate reporting of incidents and accidents and encourages individual employees to speak up if the work environment is perceived as unsafe.

By 2040, Vestum shall eliminate serious work accidents.

Gender equality

It is central to Vestum's success that all competence is utilized, and that Vestum is an equal and inclusive workplace. Vestum also operates in sectors where there is a general need for increased gender equality, which Vestum wants to contribute to.

By 2026, Vestum shall have a minimum of 35% female managers and at least 15% female employees throughout the company.

By 2040, Vestum shall have an even gender distribution across all employees. 

Skills recruitment

Vestum aims to contribute to social sustainability by providing internship and apprenticeship opportunities. In this way, Vestum can contribute to increased employment, livelihood, and diversity, while simultaneously reducing unemployment.

By 2026, Vestum shall have provided at least  400 internship and apprenticeship positions.

By 2040, Vestum shall  have provided at least 1,800 internship and apprenticeship positions.