In 2024, Panostaja continued its responsibility work actively. Panostaja wants to be involved in building sustainable and vital companies that build a better society and future. Promoting sustainable business is an essential part of the strategy of the company and each segment. Responsible business models are in a key role in the value creation of the segments, and their significance will increase further in the future, as the sustainability requirements of the customers impact the development of the business models. The sustainability perspective is a significant element of assessing new segments and the entire acquisition process.
Panostaja makes preparations for CSRD reporting
In the spring of 2024, Panostaja released its first responsibility report based on the 2023 information. The reporting is based on the Corporate Sustainability Reporting Directive (CSRD), which applies to Panostaja as a listed company. If necessary, Panostaja also helps its segments with the preparation of a sustainability report and encourages them to prepare their own sustainability accounts and ethical guidelines. At the moment, the majority of Panostaja’s segments do not have legislative obligations regarding reporting.
In 2024, Panostaja carried out double materiality analyses pursuant to the CSRD standards and is, based on these efforts, developing indicators that are ideally suited to examining the sustainability of Panostaja’s business operations. The indicators stem directly from the company’s operations and also steer the operations.
Sustainable business is evident in many areas
Panostaja is also committed to the UN Principles for Responsible Investment (PRI). In 2024, Panostaja issued the first reports based on the PRI specifications. The principles pertain to the consideration of environmental matters, social responsibility and corporate management methods in investment activities.
Panostaja is developing its own processes based on these principles. Financial responsibility is ensured by responsibly guiding the capital, which has a positive impact on society. Strong financial management is at the core of building sustainable business. As regards social responsibility, Panostaja is examining the impacts of its operations on its personnel, value chain personnel and the communities impacted by Panostaja. The administrative dimension of responsibility manifests itself in Panostaja’s operations in the form of openness, transparency, zero tolerance for corruption and misconduct, and the promotion of an ethical and sustainable corporate culture. Environmental responsibility is ensured throughout the ownership period of the companies. Responsibility is assessed as part of the due diligence process as early as during the investment process. Panostaja considers environmental responsibility in the development of its segments and understands the impacts the use of its products and services have on the environment.
Panostaja supports the responsibility efforts of its segments by funneling resources into it and training company employees on the relevant topics. The year 2024 involved active dialogue with stakeholders on responsibility, which has enabled forming an even more comprehensive picture of the impacts of Panostaja’s activities. The strong responsibility efforts for Panostaja and its segments will continue through 2025.
Panostaja is confident in the following:
- The importance of responsibility in society will increase dramatically
- Responsibility is a competitive factor that creates new business opportunities
- Strong responsibility is part of each company’s value creation process
Focus areas in the building of responsible and sustainable business:
- Financial responsibility and value creation
- Social responsibility and vitality
- Good governance and management
- Responsibility for the environment
Read more: https://panostaja.fi/en/responsibility/
Return back