Potential offtaker

Sanoma Corporation

www.sanoma.com

Estimated electricity consumption

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Countries of production presence

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Sanoma Corporation is a leading media and learning company based in Finland. The company operates in the Periodical Publishers sector, and it has a significant presence in the European market. Sanoma Corporation has a rich history that spans over 130 years, and it has evolved over time to become a modern, innovative, and sustainable company.

Sanoma Corporation is committed to decarbonisation and reducing its carbon footprint. The company has set ambitious targets to reduce its greenhouse gas emissions and become carbon neutral by 2030. Sanoma Corporation recognizes that the media and learning industry has a significant impact on the environment, and it is committed to taking action to mitigate this impact.

One of the ways that Sanoma Corporation is working towards decarbonisation is through its corporate energy strategy. The company is investing in renewable energy sources such as wind and solar power to reduce its reliance on fossil fuels. Sanoma Corporation has also implemented energy-efficient measures in its buildings and operations to reduce its energy consumption.

In addition to its corporate energy strategy, Sanoma Corporation has also implemented a corporate power purchase agreement (PPA) to support its renewable energy goals. A PPA is a long-term contract between a renewable energy generator and a corporate buyer. The buyer agrees to purchase a certain amount of renewable energy from the generator at a fixed price over a specified period. Sanoma Corporation has entered into a PPA with a wind farm in Finland, which will supply the company with renewable energy for the next 10 years.

Sanoma Corporation's commitment to renewable energy is not only good for the environment, but it also makes good business sense. By investing in renewable energy sources, the company is reducing its exposure to volatile fossil fuel prices and ensuring a stable and predictable energy supply. Sanoma Corporation's renewable energy strategy also aligns with its values and mission to create a better future for its customers, employees, and stakeholders.

Sanoma Corporation's commitment to sustainability extends beyond its energy strategy. The company has also implemented a range of initiatives to reduce waste, promote recycling, and conserve resources. Sanoma Corporation has set targets to reduce its water consumption, increase its use of recycled materials, and reduce its waste generation. The company also encourages its employees to adopt sustainable practices in their daily work and personal lives.

Sanoma Corporation's sustainability efforts have been recognized by external organizations. The company has been included in several sustainability indices, such as the Dow Jones Sustainability Index and the FTSE4Good Index. Sanoma Corporation has also received awards for its sustainability reporting and transparency.

In conclusion, Sanoma Corporation is a leading media and learning company based in Finland that is committed to sustainability and decarbonisation. The company is investing in renewable energy sources, implementing energy-efficient measures, and promoting sustainable practices in its operations. Sanoma Corporation's commitment to sustainability is not only good for the environment, but it also makes good business sense. The company's renewable energy strategy aligns with its values and mission to create a better future for its customers, employees, and stakeholders. Sanoma Corporation is a shining example of a company that is leading the way towards a more sustainable and prosperous future.

✓ Science Based Targets member
✓ Declared Net Zero commitment