Corporate responsibility
Our corporate responsibility is guided by our vision of being a trailblazer in sustainable and flexible hydropower. Our operations are based on utilising hydropower in a way that is sustainable for nature, people and the economy.
Our corporate responsibility work is founded on identifying material impacts, risks, and opportunities. This double materiality assessment forms the basis for our corporate responsibility programme’s matters and their connecting themes.
Themes and topics of our corporate responsibility programme
The three themes of the corporate responsibility programme 2024–2028 reflect the topics that are the most material to our business operations and stakeholders.
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Flexible and renewable hydropower
- Balancing fluctuations in electricity production and prices
- Climate change mitigation
- Increasing hydropower capacity
- Responsible procurement and purchasing practices
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Vibrant local nature and communities
- Protecting biodiversity
- Migration connection to Ounasjoki for migratory fish
- Use of rivers and local collaboration
- Economic added value for the area
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Flourishing and talented team
- Personnel well-being
- Pioneering hydropower expertise
- Corporate responsibility actions with partners
- Utilising the latest technology and solutions
Safety, security of supply and delivery, cost efficiency and ethical principles for business form the foundation of our corporate responsibility.
Management and commitments
Our corporate responsibility programme covers the focus areas, targets and key measures of our work. Kemijoki Oy supports the UN’s Sustainable Development Goals (SDGs) and is committed to the principles of the Global Compact.
For each of the three key themes of our corporate responsibility programme, we have set long-term primary targets and KPIs that guide our operations. In addition, the programme includes numerous other targets and actions. Our management, experts and partners have all committed to implementing the programme together.
Primary targets and KPIs of Kemijoki Oy’s corporate responsibility programme 2024–2028
Flexible and renewable hydropower
TOPICS
MAIN GOALS
MEASURES
Balancing fluctuations in electricity production and prices
Total availability of our power plants at an excellent level
Annual %-based realisation
Balancing fluctuations in electricity production and prices
Flexible hydropower allows for increasing other renewable forms of energy production and electrification of society in a climate-friendly way
The flexibility of Kemijoki Oy’s hydropower production in relation to consumption, on a scale from -100 % to +100 %
Climate change mitigation
Kemijoki Oy aims to reduce its Scope 1, 2, and 3 emissions by 22.7% by 2030, compared to the base year 2024, in line with the Paris Agreement’s 1.5-degree emissions reduction pathway
Annual emissions
Increasing hydropower capacity
We promote pumped storage power with determination
The Ailangantunturi pumped storage power project is progressing towards investment decision readiness
Responsible procurement and purchasing practices
Zero confirmed procurement-related cases
Substantiated reports from the whistleblower channel
Vibrant local nature and communities
TOPICS
MAIN GOALS
MEASURES
Protecting biodiversity
We promote biodiversity in a goal-oriented manner
Mapping the natural values of the 35 most significant sites as well as reparation and implementation of action plans
Migration connection to the Ounasjoki river for migratory fish
We promote biodiversity in a goal-oriented manner
1) Taivalkoski fishway in use by 2028
2) Preliminary planning of the migration solutions at other power plants south of Rovaniemi
Use of rivers and local collaboration
Acceptability for hydropower develops favourably in Kemijoki Oy’s operating areas (Finland)
Stance towards hydropower, on a scale from 1 to 5
Economic added value for the area
We generate economic added value and continuity for the area by investing, paying property tax and dividends, and providing support and donations
Investments in environmental and social impact mitigation, property taxes, donations
Flourishing and talented team
TOPICS
MAIN GOALS
MEASURES
Personnel well-being
Occupational safety is always the first priority
Zero accidents for Kemijoki Oy personnel or for others working for us
Trailblazing hydropower expertise
Individuals working for Kemijoki Oy have received induction, and we jointly develop our hydropower expertise
Kemijoki Oy’s personnel, partners, and contractors have valid occupational safety inductions, corporate responsibility licenses, and competition law training
Corporate responsibility actions with partners
We deepen partnerships and develop hydropower expertise
Partnerships’ sustainability assessment in annual reviews
Principles, requirements and commitments
The key principles of our corporate responsibility are:
Dialogue
We engage in dialogue with our stakeholders, also concerning challenging issues.
Materiality
We focus on the corporate responsibility matters that are material to our stakeholders and business operations.
Openness and transparency
We communicate about our operations comprehensively and transparently.
Kemijoki Oy’s operations are founded on compliance with statutory requirements. Permits and obligations guide our operations in relation to matters concerning dam safety, use of waterways and fish, among others.
Ethical principles define the general operating principles according to which we treat each other and conduct our business operations. Our corporate responsibility work is guided by the guidelines on corporate responsibility provided in the Finnish Government Resolution.
We operate in accordance with international and national climate targets. We promote the UN’s Sustainable Development Goals (SDGs). As a company, we support six of the UN’s SDGs in particular. We are also committed to the principles of the UN’s Global Compact corporate responsibility initiative.
Key Flag Symbol
Finnish operator
Being a Finnish operator is an important aspect of our sustainability. The Association for Finnish Work has awarded the Key Flag Symbol for the energy produced by Kemijoki Oy and the company’s expertise related to hydropower production.