Recognitions, Commitments, and Collaborative projects
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Recognitions of Elo’s responsibility efforts and collaboration
EcoVadis
In 2024, Elo received the Gold Medal in an EcoVadis assessment. EcoVadis is one of the world’s largest companies carrying out sustainability assessments. It bases its assessment on four main themes: environment, labour and human rights, ethics and sustainable procurement. There are four levels of recognition: platinum – top 1%, gold – top 5%, silver – top 15% and bronze – top 35%.
EcoVadis has evaluated more than 130,000 companies from more than 220 industries. The methods used in the assessment and the rating derived from it are based on international sustainability standards, such as the UN Global Compact, the Global Reporting Initiative (GRI) and ISO 26000.
Ways to reduce Elo’s carbon footprint include reducing emissions from buildings owned by Elo and more sustainable investment.
Member of the Peace of Mind network
Elo is a member of the Peace of Mind network. The network aims to make the strengthening of mental health part of everyday life in all workplaces. As a responsible employer seeking an excellent employee experience, we want to promote mental health and integrate it as an integral part of our work and management culture.
For Elo, it is important that we speak openly about mental health issues. We follow the Peace of Mind model, which is based on prevention, low-threshold services and help in life's crises.
Green Office
Elo passed the Green Office audit in the summer of 2024, and was awarded the WWF Green Office certificate. The certificate is a recognition of Elo’s operations meeting external criteria and our commitment to continuous improvement.
The WWF Green Office is an environmental management tool for organisations. Its implementation has included the assessment of the carbon footprint of Elo’s office and causes of its adverse environmental impacts. Green Office requires that goals are set for different years and their achievement is monitored. These goals have been set in Elo’s responsibility network.
Age certificate
Among the first companies in Finland, Elo has been granted an age management certificate. The age certificate is a recognition for an organisation that already promotes a more equal working life and an invitation for anyone who wants to be part of this change. The certificate indicates that our company treats employees of all ages equally at different stages of their careers. Elo's score in the certification was high, and the criteria for awarding the certificate were clearly met.
We have joined commitments and collaborative projects such as:
As part of implementing responsibility, we participate in a wide range of commitments and collaborative initiatives, listed below. Elo’s year of commitment is indicated in parentheses.
Responsible Investing
Principles and initiatives guiding the overall responsibility of our investment activities.
PRI, UN-supported Principles for Responsible Investment (2008)
Finsif, Finnish Sustainable Investment Forum (2010)
Climate Action
Initiatives and networks aimed at mitigating climate change and supporting the transition to a low-carbon economy.
Climate Action 100+, investor initiative engaging companies with the highest greenhouse gas emissions (2017)
IIGCC, Institutional Investors Group on Climate Change – international network of institutional investors (2017)
PAII, Paris Aligned Investment Initiative, IIGCC initiative promoting Paris Agreement-aligned investments (2019)
CLC, Climate Leadership Coalition, climate-business network (2020)
Net Zero Asset Owner Commitment, PAII-aligned commitment to Paris Agreement-consistent investing (2021)
Environmental Impact Reporting
Frameworks and initiatives supporting the measurement and reporting of environmental and climate impacts.
CDP, organization promoting environmental impact reporting (2015)
TCFD, Task Force on Climate-Related Financial Disclosures, framework for reporting climate-related financial factors (2017)
TPI, Transition Pathway Initiative, investor initiative collecting company- and sector-level data on the transition to a low-carbon economy (2022)
TNFD, Task Force on Nature-Related Financial Disclosures, luontoon liittyvien taloudellisten tekijöiden raportointiviitekehys (2024)
Other Responsibility-Related Initiatives
Voluntary agreements and collaboration programs related to real estate and energy efficiency.
TETS and VAETS, energy efficiency agreements for commercial and rental residential properties (2017)
Investor Alliance for Human Rights, investor network focused on human rights (2021)