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PREWORDS
New Normal
The Confederation of Finnish Industries (EK) is the leading business organisation in Finland. It predicted three different scenarios for the future in Finland based on the overall situation in Europe, varying from the state of continuing war to the rebuilding of Europe. Each of the scenarios highlighted the importance of green transition and sustainability. If the war situation continues, their importance will undoubtedly increase. Besides the scenario models, preparation for cyber threats has been seen as important.
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Also, difficulties in raw materials and components supply chains in addition to labour shortages were identified.
These trends in public scenarios were recognised at FORCIT during 2022. Many threats, opportunities and fast changes in international economics also affected us, but we succeeded in keeping a high level of delivery reliability and in developing our business in these special circumstances.
New Thinking
The FORCIT Group Leadership team members started the year by training themselves in the field of sustainability. The essential focus factors were named as the basis for our roadmap work, which was also completed in 2022.
To better understand overall expectations from our customers, a materiality analysis was conducted. The identified focus factors, in conjunction with the materiality analysis, exposed several essential connection points which help our business sector to be more sustainable.
The first carbon footprint data for group-level operations showed the importance of sustainable supply chains. In 2022, economics, demands for metals in the field of energy production, changes in supply chains and the importance of carbon emissions were tied together in a new way.
New Target
The Intergovernmental Panel on Climate Change (IPCC) reported in April 2022 that the current trends in emissions will lead to a global warming of around three degrees by the end of the century, unless fast and effective emission reduction measures are undertaken over the next two decades.
Fossil energy has had a major role in causing climate change, but the ongoing energy transformation offers opportunities to find solutions to this issue. Many types of low-emission technologies have become cheaper and are being introduced faster. At FORCIT, we have continued investing in fossil-free energy and are waiting for the new technology to be approved by ADR regulations.
These elements, listed above, gave more potential for our sustainability work, and we finalised an ambitious roadmap to carbon neutrality. Energy sources, supply chains and regulations are changing fast, and we are ready to step onboard and contribute to the green transition in the mining and excavation businesses.
