Identifying and assessing climate impacts, risks, and opportunities is an important part of our climate work. We are committed to science-based climate targets, and our emissions reduction roadmap guides our goals. Elenia’s Net Zero Business Plan puts these goals into action.
The aim is to identify potential climate-related risks and opportunities
We have identified and assessed the impacts of Elenia’s operations on the climate and the climate risks and opportunities that have a material impact on Elenia’s business operations, strategy and financial decision-making. In addition, we have adopted climate scenarios that help us to assess the impact of risks and opportunities in the short, medium and long term. The identification and management of climate risks and opportunities as well as Elenia’s climate scenario analysis are based on the TCFD recommendation (Task Force on Climate-Related Financial Disclosures).
More information on Elenia’s climate-related impacts, risks and opportunities is provided in our sustainability report.
We are committed to the science-based SBTi climate targets
Elenia has been committed to science-based climate efforts in accordance with Science Based Targets initiative since 2021. Elenia has also created an emission reduction roadmap to pursue ambitious emission reductions in our own operations by 2030.
We have set targets for reducing the greenhouse gas emissions of our operations in alignment with the Science Based Targets initiative and the Paris Climate Agreement. According to the target validated by the SBTi, Elenia will reduce its greenhouse gas emissions by 42 per cent by 2030, including Elenia’s own emissions and the emissions arising from purchased energy. Elenia has also set an even more ambitious target of reducing the emissions of its own operations by 75 per cent (Scope 1 and 2) by 2030, using 2020 as the baseline.
Elenia is also committed to setting SBTi aligned targets for the entire value chain (Scope 1, 2 and 3). These targets must be met by 2050, which means a reduction of approximately 90 per cent in emissions throughout our entire value chain.
These ambitious targets require a strong commitment to take action by both Elenia and our partners. We want to engage the commitment of our partners to climate action and sustainability, as the direction we are moving in is to set emission reduction targets for the entire supply chain. Cooperation with the partner network plays an important role in achieving the targets.
More information on Elenia's emissons is provided in our sustainability report.
SBTi is a joint project between the Carbon Disclosure Project (CDP), the UN Global Compact corporate sustainability initiative, the World Resources Institute and the World Wide Fund for Nature (WWF).
Emission reduction roadmap guides the targets
To achieve the SBTi targets and Elenia’s own emission reduction targets, Elenia has created an emission reduction roadmap and allocated emission reduction measures that are material to the company’s operations until 2035.
The emission reduction targets for 2026 in accordance with the roadmap are as follows:
- Scope 1: Development to ensure new SF6-free solution for compact secondary switchgear is available for use in 2027.
- Scope 2: Acquisition of guarantees of origin for electricity losses and own use of energy, covering energy in 2026.
- Scope 3: Development of incoming raw material reporting (e.g. development of GHG emission calculations for power cables).
- SBTi commitment: At least 35% of the total value of annual purchases is sourced from suppliers committed to the SBTi initiative
More information on our emission reduction roadmap is provided in our sustainability report.
Elenia’s Net Zero Business Plan 2020–2035 turns the targets into actions
In 2025 we expanded Elenia’s Net Zero Business Plan to cover Scope 3 emissions as well as Scope 1 and Scope 2 emissions. The Scope 3 emission reduction targets focus on three themes:
- network materials
- the main grid and regional network and
- contracting partners.
Electricity network materials – especially the use of aluminium and plastic – represent the majority of our emissions, so the most significant emission reduction targets will be targeted at the procurement of lower-emission materials.
The most important measure is the gradual transition to low-carbon cables and conductors. We also aim to promote the phase-out of fossil fuels by our contracting partners. The share of biofuels will be gradually increased. Over 40 per cent of our partners are committed to the SBTi, and these commitments will also help Elenia to achieve its emission reduction targets.