L&T's year 2023

Lassila & Tikanoja plc’s Board of Directors approved the updated strategy of the Group in October. In the updated strategy, the company’s Environmental Services and Industrial Services divisions are seeking new growth opportunities by focusing particularly on material circularity-related business solutions. Growth is sought through business development and potentially through complementary acquisitions.

We tightened our climate target by setting a net-zero goal as the first circular economy company in Finland. In practice, the net-zero target means reducing L&T’s own operations and the entire supply chain’s (Scope 1, 2, and 3) greenhouse gas emissions by 90% from the 2020 levels by 2045.

We developed climate efforts in the supply chain, for example, by setting new emission targets for transportation procurement, improving emission reporting, and including supplier-specific emission information in the reporting. We also piloted a self-assessment process for our suppliers.

We invested in developing our employees’ expertise with a total of 42,000 training hours during the year. The trainings were related to, among other things, improved work practices, occupational safety, and ethical principles of operation.

In 2023, we electrified our fleet, especially in Sweden, where 70% of the total fleet consisted of electric vehicles at the end of 2023. L&T has 54 low-emission heavy vehicles and 349 light vehicles that run on either biogas or electricity.

We helped our customers take concrete actions for biodiversity by offering nature services. In 2023, we restored 87,000 m2 of meadows together with our customers and removed harmful invasive species from 42,000 m2 of areas to make way for native vegetation.

We launched a project in the spring of 2023 with the goal of hiring employees from the Philippines for cleaning tasks. Through the project, over 50 Filipinos have already been employed during 2023.

We have updated our ethical principles for our employees, that is, our Code of Conduct. During the year, 94% of our employees in Finland completed the training. We have also launched a new whistleblowing channel for reporting misconduct.

We work together with our customers to mitigate climate change and biodiversity loss. Our mission is to keep materials in circulation for as long as possible and provide solutions for sustainable use of the built environment.

You can be yourself with us. We treat each other and our suppliers fairly. We want our employees to thrive, which is why we invest in employee well-being and occupational safety.

We operate with integrity and transparency throughout our value chain. L&T’s goal is to ensure that there are no serious accidents or violations in the company’s operations. We emphasize the importance of compliance with laws and regulations in our business activities.