Helen publishes climate transition plan
Helen has published a climate transition plan outlining the company’s targets and measures to reduce emissions by 2040. The plan is based on targets approved by the Science Based Targets initiative and is aligned with the Paris Agreement.
Helen has already phased out coal and is electrifying its heat production by investing in electric boilers and heat pumps. In addition, the company is investing in renewable energy, hydrogen production, energy storage and electricity grids. Over the long term, Helen aims to move away from combustion-based energy production and has launched a nuclear energy project to accelerate this transition. Utilising waste heat generated by data centres in the district heating network also supports the company’s objective of phasing out combustion.
“The climate transition plan brings together the key choices through which we will reduce emissions while at the same time ensuring security of energy supply. The plan is part of Helen’s long-term strategy, which is centred on a clean transition, flexibility and profitability,” says Maiju Westergren, Helen’s SVP, Sustainability and Public Affairs.
The company aims to reduce emissions from its own energy production and the energy it sells by 77% by 2030 compared to the 2019 baseline. Progress on the climate transition plan and the achievement of emission reduction targets will be monitored annually as part of emissions accounting.
What is a climate transition plan?
A climate transition plan describes a company’s actions to mitigate climate change. The plan integrates climate targets, emissions reduction measures, investments, and climate-related risks and opportunities into the company’s strategy and financial planning. Helen’s climate transition plan covers the entire group, excluding Väre Ltd and Väre Salkunhallinta Ltd.