Climate and environment

Eltel is focused on reducing its carbon emissions and strives to enable the transition to a carbon-neutral society. In our aim to manage and minimize the climate and environmental footprint of the projects we deliver, important steps are being taken toward efficient resource use and a circular economy.

Climate change mitigation

We have both direct and indirect negative impacts on the climate, mainly due to greenhouse gas emissions from our direct operations and across our value chain. These emissions primarily stem from the fuel consumption of our fleet of around 3,000 vehicles, energy use within our facilities, and materials and services in the supply chain. Other sources of emissions are waste, business travel, and employee commuting.

We also recognize a potential transition risk as our customers increasingly prioritize climate change mitigation within their value chains. If we cannot meet their expectations and demonstrate effective climate change mitigation efforts across the entire value chain, it could become a barrier to securing customer contracts and
expanding business opportunities.

Actions in 2024

Progress on fleet electrification was achieved – Replacing fossil fuel vehicles with fully electric vehicles is a crucial part of our efforts to mitigate climate change within our operations. In 2024, the share of electric vehicles increased from 9.3% to 14.0%.
Biofuel use in transportation increased by 175,000 litres – Overall, we replaced 376,000 litres of fossil diesel with HVO during the year.

Use of renewable electricity increased – All Nordic country units now purchase renewable energy from their main electricity suppliers.
Supplier engagement increased – During the year we have prioritized SBTi-committed suppliers in the procurement process. We also support smaller suppliers in setting their own SBTi targets.