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 3.25 billion kg CO2e, comprising 19,645,000 kg CO2e from Scope 1, 13,291,000 kg CO2e from Scope 2, and about 3.22 billion kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its carbon footprint, aiming for a 42% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, based on a 2023 baseline. Additionally, Caverion is committed to achieving a positive carbon handprint five times greater than its Scope 1 and 2 emissions by 2025. Caverion's climate commitments include adherence to the Science Based Targets initiative (SBTi), aligning its emissions reduction strategies with the Paris Agreement to limit global warming to 1.5 degrees Celsius. The company plans to electrify its service fleet of 4,400 vehicles, with a target of having half of them electric by the end of 2025 and all by 2030. Overall, Caverion's proactive approach to sustainability reflects its commitment to reducing its environmental impact while enhancing its positive contributions to climate action.
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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?
How Carbon Intensive is Caverion's Location?
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.
Top Scope 3 Categories
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.
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Frequently Asked Questions
Common questions about Caverion's sustainability data and climate commitments