Environment

Alma Media is a predominantly digital media and service company – over 85% of the company’s revenue come from digital business.

The key impacts of climate change on Alma Media relate to energy consumption and availability, tightening regulations, and achieving emission reduction targets. Energy consumption arises from company cars and office buildings, as well as from the server capacity required for digital services, which is increasing due to technological developments such as the growing use of artificial intelligence. Transition risks related to climate change can, if realised, cause cost pressures, regulatory obligations, and reputational impacts if emission reduction targets are not achieved as planned. Alma Media’s strategy supports climate resilience by emphasising energy efficiency, the use of renewable energy, and collaboration with service providers and partners. The company’s ability to manage climate impacts focuses on its own operations and the value chain, including the energy sources of cloud services and other digital solutions. Climate change mitigation is integrated into the company’s sustainability targets and business development.

Alma Media’s climate targets are science-based and validated by the SBT organisation. They cover both the company’s own operations and the most significant emissions in the supply chain. The company’s targets are based on scientific principles, and their implementation is linked to the business model’s transition towards a digital, low-emission business.

Alma Media is committed to reducing its greenhouse gas emissions in line with the Science Based Targets initiative (SBTi) to limit global warming to 1.5°C in accordance with the Paris Agreement. The company’s targets support a strategy focused on the growth of digital business and the relative reduction of printed products, which supports the overall reduction of emissions in the value chain. The climate targets help manage significant impacts, risks, and opportunities related to energy use, the supply chain, and the transition to a low-carbon society. The targets extend to both the company’s own operations (Scope 1 and 2, market-based) and the supply chain (Scope 3).

In 2018, Alma Media was the third media company in the world to publish approved, science-based climate targets.

The base year for emission reductions is defined as 2019. The choice is based on the fact that 2019 serves as a continuation of Alma Media’s previously set science-based emission reduction targets, which were approved in 2016 and achieved ahead of schedule. New emission reduction targets were set in 2020 as a continuation of this development path, and 2019 was defined as the reference year.

Emission reduction targets are set until 2030, and their implementation is monitored and reviewed through interim milestones updated every five years.

Alma Media’s emission reduction targets are set until 2030.

Emissions from Alma Media’s own operations are mainly generated from the heating, cooling, and electricity consumption of office buildings, the energy consumption of data centres, the use of materials, and the use of company cars. To reduce these emissions, the company has initiated several mitigation measures to minimize the negative impact: monitoring and improving the energy efficiency of office buildings, reducing the use of data centres by gradually transitioning to cloud services that use renewable energy, and systematically electrifying the company’s vehicle fleet.

Alma is committed to increasing the share of renewable energy in both its own operations and the value chain. The company ensures that both its own and its partners’ services – including data centres and cloud services – are based on renewable energy whenever possible.

The company’s key suppliers are required to commit to Alma Media’s Supplier Code of Conduct and are encouraged to set greenhouse gas emission reduction targets, for example in accordance with the Science Based Targets initiative. Alma Media engages in active dialogue with its key suppliers to manage environmental risks and support climate goals.