Caverion Sustainability Profile
Caverion Corporation, commonly referred to as Caverion, is a leading provider of technical solutions in the building and construction industry. Headquartered in Finland (FI), the company operates extensively across the Nordic and Central European regions, delivering innovative services in building systems, industrial services, and maintenance. Founded in 2014, Caverion has quickly established itself as a key player, focusing on energy efficiency and sustainable solutions. The company offers a comprehensive range of services, including HVAC, electrical engineering, and facility management, distinguished by its commitment to digitalisation and smart building technologies. Caverion's market position is bolstered by its dedication to enhancing customer value through integrated solutions, making it a trusted partner for businesses seeking to optimise their operations and reduce environmental impact.
DitchCarbon Score
How does Caverion's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Other Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Caverion's score of 60 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Caverion's reported carbon emissions
In 2023, Caverion reported total carbon emissions of approximately 3.2 billion kg CO2e, comprising Scope 1 emissions of about 19.6 million kg CO2e, Scope 2 emissions of approximately 13.3 million kg CO2e, and Scope 3 emissions of around 3.2 billion kg CO2e. The company has set ambitious climate commitments, aiming to achieve a positive carbon handprint five times greater than its Scope 1 and 2 carbon footprint by 2025. Additionally, Caverion is committed to reducing its absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030, based on 2023 levels, and aims for a similar reduction in Scope 3 emissions related to the use of sold products for fossil fuels. Caverion is also aligned with the Science Based Targets initiative (SBTi), committing to emissions reduction targets consistent with the Paris Agreement to limit global warming to 1.5 degrees Celsius. The company plans to electrify its service fleet, with a target of having half of its 4,400 vehicles electric by the end of 2025 and all by 2030. These initiatives reflect Caverion's dedication to sustainability and its proactive approach to mitigating climate change impacts.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 27,317,700 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 8,821,800 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | 2,178,600 | 0,000,000 | 00,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Caverion's Industry?
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Caverion's Scope 3 Categories Breakdown
Caverion's Scope 3 emissions, which increased by 76% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 86% of Scope 3 emissions.
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Caverion's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Caverion has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Caverion's sustainability data and climate commitments
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