Environmental responsibility

We aim to be a customer-oriented, sustainable and reliable partner for our stakeholders. At

Algol Group, the key areas of environmental responsibility are climate change, pollution, and

resource use and the circular economy.

Find out more about Algol’s environmental responsibility in our Sustainability Report.

Climate change

In line with our Code of Business Conduct, we continuously analyse our carbon footprint, with the goal of achieving carbon neutrality.

Algol ensures that all Group companies have first mapped their emissions, climate targets and plans, after which the Group-wide long-term plan to limit global warming to 1.5 °C in line with the Paris Agreement will be defined.

The Algol Group’s Scope 1 and 2 emissions have already been mapped. The majority of emissions in the Algol Group’s operations are generated as indirect emissions (Scope 3 of the GHG protocol). The carbon footprint assessment for Scope 3 emissions has been initiated by Algol Chemicals.

*Own vehicles include finance leased vehicles (Scope 1).

Pollution

The Algol Group is committed to preventing pollution and monitoring pollution-related policies. We prevent environmental pollution and minimise environmental impacts by promoting recycling and reducing waste. We use a safety management system to prepare for emergencies and various possible accident scenarios.

Resource use and the circular economy

We comply with environmental protection legislation and regulations, strive to minimise the environmental impact of our operations, and utilise natural resources efficiently.

Social responsibility

As a family enterprise we foster entrepreneurship, smooth collaboration and the ability to react rapidly. Our committed and responsible employees work in accordance with our values.

Governance

Algol acts in all cases in accordance with its Code of Business Conduct, respecting the law and regulations, contracts and other obligations, and good business practices. Algol’s values and principles guide daily operations and decision-making. Our corporate culture is developed in cooperation with employees.

Environmental responsibility

We minimise the environmental impact of our operations and use natural resources efficiently. We continuously improve our practices and guidelines. We make sure that all employees are aware of these guidelines and their implications for their work.