Sustainability and Safety / Sustainability

Sustainability

Sustainability is part of our values, strategy and development programmes. All employees promote practical sustainability work in their own areas of responsibility. In our sustainability work, we consider the economic, social, environmental and governance aspects of our operations, and the work is integrated as part of our company’s strategy. In line with our vision, gases enable a path towards the delivery of a carbon-neutral society, and we provide a foundation for it. Sustainability work is therefore at the core of what Gasgrid does. The importance of sustainability in the company is also reflected in the values created together with the personnel, which, among other elements, emphasise a sense of responsibility, we take care of safety, we are efficient and agile, and we pursue the interests of the customer and society. We also aspire to build the future according to our values as a leader of change.

Sustainability management

Gasgrid’s Board of Directors is responsible for the strategic management of sustainability and reports on it to our owner in the Annual General Meeting. Our operational sustainability activities are led by the company’s CEO in co-operation with the Management Team. Tangible actions under the sustainability programme are promoted and developed by the head of Gasgrid’s sustainability unit with their team. Sustainability as a whole is managed in accordance with the company’s management framework in the sustainability forum, which involves responsible persons from different functions on a broad basis. As part of the sustainability programme, tasks are set for each quarter and they are monitored monthly in the sustainability forum.

Sustainability work is tied to the company’s strategic performance goals, and sustainability is guided at Gasgrid by the sustainability programme and the commitments and goals that support it.

The Corporate Governance Policy and Code of Conduct and a certified management system guide our operations and their development

Policies and principles have been defined to guide Gasgrid’s operations. The Corporate Governance Policy defines the responsibilities and framework of different functions. The Code of Conduct outlines the rights and obligations that guide the personnel. The Code of Conduct brings several different policies together. In addition, risk management is governed by the risk management policy and information security by the information security policy.

Gasgrid’s management system is based on the customer and the services they require. A key process map and the related processes have been defined for the company. Gasgrid’s certified management system (ISO 9001, ISO 14001, ETJ+, ISO 45001) covers Gasgrid Finland’s operations.

Gasgrid’s subsidiaries are part of Gasgrid’s overall management system and follow the same principles in their operations. The management system will be assessed separately and any other certifications will be expanded gradually to cover the subsidiaries’ operations where applicable. The certification of the subsidiaries’ management system will be defined later on based on customer and stakeholder expectations and their own needs. A subsidiary may have in place other certification standards and safety requirements (e.g. MTMSA). Gasgrid is not yet certified in compliance with the ISO 27001 information security standard, but we follow information security requirements in our operations.

Sustainability programme 2025–2026

A sustainability programme has been set for Gasgrid Group’s businesses for 2025–2026, i.e. until the end of the current strategy period. The programme, which covers all of the ESG themes, consists of four ESG themes related to the environment, social responsibility and good governance. The themes are Excellent governance (G), People and culture (S), Security of supply and safety (S) and Environmental responsibility (E). The programme is based on a double materiality analysis in compliance with the Corporate Sustainability Reporting Directive (CSRD), which was carried out in autumn 2024.

Outcome of the sustainability programme in 2024

In 2024, Gasgrid extensively promoted the development of sustainability within the material topics through several projects and tasks. We reported on the topics’ progress as part of our annual report. Below is a summary of the outcomes.

The report was prepared in accordance with the GRI with reference reporting framework, selected key performance indicators and GRI 11 Oil and Gas 2021 sector guidelines, and our own indicators, such as security of supply. The 20 indicators in the report are verified by PricewaterhouseCoopers Oy.

Sustainability success stories in 2024

In 2024, we were successful in our sustainability work, for example, in the following areas:

– We achieved 100 per cent security of supply in gas transmission. 2024 was the fifth consecutive year without unplanned supply interruptions. The security of supply of gas transmission is one of the primary goals of our operations, and we offer our customers safe and reliable gas transmission every day of the year.

– Stakeholders consider Gasgrid a sustainable company according to the Trust&Reputation survey conducted by T-Media in autumn 2024. Stakeholders were asked for their views on the statement that “Gasgrid is a sustainable company”. In the survey, Gasgrid’s sustainability received a rating of 4.16 on a scale of 1–5, which can be considered an excellent result.

– More than 1,800 days without injuries. 2024 was the fifth year in a row without a single accident leading to the absence of our own personnel. Our goal is for zero accidents to occur to our personnel or service providers in our operations.

You can see more of our positive impacts on society in the value creation diagram below.

Stakeholder co-operation and material sustainability topics

We develop our operations and sustainability work extensively with our internal and external stakeholders through active dialogue and many other channels. In our stakeholder co-operation, our goal is also to provide information on the opportunities offered by clean gases and the hydrogen economy in Finland. We have identified the following actors as our most important stakeholders:

Material sustainability topics

During 2024, we conducted a double materiality analysis in order to prepare for the requirements of the Corporate Sustainability Reporting Directive, CSRD. In order to validate the results, we conducted comprehensive analyses by interviewing stakeholders and Gasgrid employees.

We mapped the value chain’s key actors and stakeholders for the materiality analysis

The value chain studied in the double materiality analysis included the origin of gases, suppliers, Gasgrid’s own business operations and the delivery of products and services to customers. For the double materiality analysis, we identified key stakeholders on which Gasgrid has identified or potential impacts or which have sustainability-related expectations and demands from Gasgrid or which impact Gasgrid’s opportunities to succeed and develop its business sustainably.

Gasgrid’s material sustainability topics

In the double materiality analysis, we identified six material sustainability topics, of which four are material in terms of both the impacts and financial materiality. The most material topics that emerged were climate change, affected communities, own workforce, and governance and business conduct. Based on the materiality of impacts, we also assessed that the workers in the value chain, and biodiversity and ecosystems are material for Gasgrid.

Society's commitment

Society’s Commitment to Sustainable Development is a national sustainable development strategy agreed by the Finnish National Commission on Sustainable Development and at the same time a concrete tool. It is a shared long-term vision for the future of Finland.

Society’s Commitment sets out policies and targets to make a good life possible now and in the future. The vision of Society’s Commitment is a prosperous and globally responsible Finland that safeguards the carrying capacity of nature. Commitments are made in the sitoumus2050.fi service.

We are committed to systematically reducing and preventing methane emissionsg

Gasgrid’s goal is to achieve an annual saving of 20 tonnes of methane emissions in the natural gas and biogas transmission system by 2025 through active measures. A total of 120 tonnes in methane emissions will be saved from 2020 to 2025. The indicator is savings made through active measures.

Global Compact

Gasgrid is committed to the UN Global Compact, which is the world’s largest corporate sustainability network, with more than 20,000 companies from over 160 countries. We do business in a way that respects the UN Sustainable Development Goals and are committed to acting in accordance with the UN Global Compact Principles for Responsible Business.

Responsible business is vital to ensure the competitiveness, growth and future of Finnish companies. The network provides us with information, support, training and tools to develop our sustainability work.

We are committed to the UN Global Compact.