- Difficult market conditions with increasing interest rates, geopolitical uncertainty, and declining consumer purchasing power.
- Dramatic slowdown in demand in the Finnish housing market.
- Increased inflation on materials and labor costs.
- Weak demand on the investor side due to high yields and high financing costs.
- Challenges in obtaining project and customer financing.
- Climate change risks (physical and transition risks).
YIT Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, YIT Corporation disclosed greenhouse gas emissions of 27.2K tCO2e/year (Scope 1 & 2 market-based). By scope: Scope 1: 19.4K tCO2e/year; Scope 2: 7.8K tCO2e/year (market-based); Scope 3: 837.6K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
27.2K tCO2e/year (Scope 1 & 2 market-based)
2023
Renewable Energy
37% of total energy use
of total energy
Waste
213.3K tons/year
2023
Energy Use
184.5K MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 19.4K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 7.8K tCO2e/year (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 837.6K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 27.2K tCO2e/year (Scope 1 & 2 market-based) |
| 2020 | 71.8K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- YIT became the first Finnish construction company to have its emissions reduction targets validated by the Science Based Targets initiative.
- Scope 1 and Scope 2 emissions decreased by 18% compared to 2022.
- Scope 3 emissions decreased by 31% compared to 2022.
- Sorting rate of construction waste in Finland was 89% (75% in 2022).
🎯 Climate & Sustainability Targets
📅 Medium-term
- Reduce GHG emissions from own operations (Scope 1 and 2) by 90% by 2030 from a 2019 base year.
- Reduce emissions in the value chain (Scope 3) by 30% by 2030 from a 2019 base year.
🔭 Long-term
- Carbon neutral in its own operations by 2030.
🌱 ESG Focus Areas
climate change mitigationoccupational safetyresponsible procurement