Alma Media receives recognition for its actions to combat climate change

Alma Media Corporation               Press Release                   13.12.2022  

ALMA MEDIA RECEIVES RECOGNITION FOR ITS ACTIONS TO COMBAT CLIMATE CHANGE

Alma Media has received the Leadership level rating A–, the second highest score, in the Climate Change Disclosure 2022 assessment of the international CDP organisation. Last two years, Alma Media received rating B, the third-highest score in the rating. The company has reported to CDP since 2010.

Alma Media has taken big steps in improving its CDP climate score

Alma Media has been engaged in long-term efforts to reduce its greenhouse gas emissions for years. Over the past five years, the company has halved its greenhouse gas emissions from its own activities. The digital transformation of the business will continue to reduce greenhouse emissions from the company’s own operations and in its subcontracting chain.

“Reaching the Leadership level in the assessment reflects the results achieved. It is an important milestone for us while we continue our climate work in a determined fashion. Fighting the climate crisis remains critical and we also need to minimise environmental impacts across our value chain further. Alma Media is committed to cut its absolute Scope 1 and 2 greenhouse gas emissions 52 percent by 2030 compared to 2019.”, says Elina Kukkonen, SVP Communications and Brand. 

These tightened long-term targets were formally validated by the international Science Based Targets initiative organisation in June 2022. The SBTi 1,5 ⁰C targets globally aim to limit global warming to no more than 1.5 degrees Celsius. 

A CDP score is a snapshot of a company’s environmental disclosure and performance

The CDP (former Carbon Disclosure Project) is a global non-profit organisation that assesses companies’ environmental work. The scores are based on the scope of reporting, the identification and management of environmental risks and compliance with the best practices in environmental management. The annual assessment classifies companies promoting sustainable economy globally on the scale A–D. Through this global reporting system companies, cities, states of countries and regions can measure, monitor and control their environmental impacts.

Its popularity has risen. When in 2019, globally about 8,400 companies reported on their environmental impacts through the CDP’s Climate Change Disclosure system, in 2022, that number rose to a record-breaking number of about 18,700 companies and more than 1,100 cities, states and regions. This was over 233% more than when the Paris Agreement was signed in 2015.

CDP’s questionnaires are fully aligned with the recommendations of the TCFD (Taskforce on Climate-related Financial Disclosure).

Learn more about Alma Media as a sustainable investment here.

More information:

Elina Kukkonen, Senior Vice President, Communications and Brand, tel. + 358 10 665 2333

Distribution: key 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, Nettiauto and Nettimoto. 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 businesses and professionals. Alma Media’s international business in Eastern Central Europe, Sweden and the Baltic countries consists of recruitment services and an online marketplace for commercial properties.

Alma Media operates in 11 countries in Europe and employs approximately 1,500 professionals. Alma Media’s revenue from continuing operations was EUR 275.4 million in 2021 of which the share of digital business was 76.9%. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.fi/en/.

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