Alma Media commits to 1.5 degrees climate target
Alma Media Corporation Press Release December 8, 2021
ALMA MEDIA COMMITS TO 1.5 DEGREES CLIMATE TARGET
Alma Media commits to update the climate targets covering GHG emissions from company operations (scopes 1 and 2), and the subcontracting chain (scope 3). The targets are consistent with the need to limit global warming to 1.5 degrees Celsius, required by the Science Based Target initiative. The targets will have to be further validated by the SBTi organisation.
Alma Media commits to reduce its absolute Scope 1 and 2 GHG emissions by 46% by 2030 from a 2019 base year, focusing on fuel consumption of company cars and electricity, district heating and cooling of the facilities. Further, Alma Media commits to reduce Scope 3 GHG emissions by 14% targeting on purchased goods and services, for example emissions from printing business and logistics by 2030 from a 2019 base year.
Alma Media is a low carbon category company. Today 76% of the total revenues come from digital sources. Of current operations, only 4 per cent of CO2 emissions are attributable to Alma Media`s own operations and 96% to subcontracting chain. In 2016 Alma Media became the third media company in the world to set Science Based targets, which are now updated.
“The sustainability profile of our portfolio has continued to improve. This is attributable to the divestments of regional media, acquisitions of digital businesses and our own active efforts to accelerate digital transformation of the business. We see further opportunities in strengthening the positive impact of our operations in journalism, digital marketplaces and services which aim to increase climate awareness and enables sustainable choices for consumers and businesses”, says Mr. Kai Telanne, CEO of Alma Media.
Transparency in environmental reporting helps to track progress – Alma Media among the best of the Nordic media companies
A growing number of companies and organisations around the world report their activities in line with CDP reporting. The CDP, which is carried out annually, is an international climate change initiative aimed at listed companies, in which more than 13000 companies analyse the risks and opportunities posed to them by climate change and report on their annual carbon dioxide emissions. Reporting will enable the collection of company-specific information on issues such as climate change, greenhouse gas emissions and adaptation to climate change.
Alma Media uses this reporting framework to disclose environmental information to its stakeholders. In the latest report, enclosed, Alma Media maintained its solid score B and was reported “to take coordinated action on climate issues”. Alma Media took part in the survey for the 15th time.
Further information about:
Science Based Targets initiative
CDP
Elina Kukkonen
SVP, Communications and Brand
Tel. 010 665 2333
Distribution: NASDAQ Helsinki, main media, www.almamedia.fi
Alma Media in brief
Alma Media is a digital service business and media company with a strong capacity for renewal. We are building sustainable growth from media to services, providing content and services that benefit users in their everyday lives, work and leisure time. In Finland, our best-known brands include Kauppalehti, Talouselämä, Iltalehti, Etuovi.com and Nettiauto. Our recruitment services include prace.cz and jobs.cz in the Czech Republic, Profesia.sk in Slovakia and mojposao.net in Croatia.
In Finland, our business operations include leading housing and automotive marketplaces, financial and professional media, national consumer media and content and data services for professionals and businesses. Alma Media’s international business in Eastern Central Europe, Sweden and the Baltic countries consists of recruitment services, an online marketplace for commercial properties and direct marketing services.
Alma Media operates in 11 countries in Europe and employs approximately 1,500 professionals. Alma Media’s revenue from continuing operations was EUR 230.2 million in 2020. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com.