Social responsibility

Algol’s goal is to be an excellent and desirable partner for all its stakeholders. As a family business, we foster entrepreneurship, straightforward collaboration, and the ability to respond rapidly. Throughout our value chain, we comply with human rights as defined in the UN Declaration of Human Rights, which include, among others, freedom of thought, conscience and religion, equality among people, and the prohibition of discrimination.

Find out more about Algol’s social responsibility in our Sustainability Statement.

Own workforce

We employees versatile work tasks and opportunities to develop their professional skills. As an employer, we operate responsibly by encouraging the development of personal skills and a healthy work-life balance. We offer a stimulating work environment that promotes learning. We value continuous and open dialogue with our personnel to develop our practices.

Algol had a total of 495 permanent employees at the end of 2024 and operations in 10 countries.

Algol and its Group companies conduct annual employee satisfaction surveys. In 2024, the survey response rates varied among Group companies from 72% percent to 100%. Our employees perceive the Group's strengths as, among other things, the meaningfulness of their work and the support of their colleagues.

Our permanent goal is to reduce the number of occupational accidents and injuries within the entire Group to zero. We invest in proactive occupational safety. In 2024, a total of 162 safety rounds were conducted at all Group locations, and the total number of safety observations in was 2262. All accidents and serious near-misses within the Algol Group are investigated internally.

Algol recruits summer workers each year to strengthen its business activities while providing young people with meaningful experiences in working life. In 2024, Algol was named the third most responsible summer employer in the category for large businesses in the Oikotie Responsible Summer Job of the Year campaign.

Code of business conduct training rate in 2024. Target for the year 2025: 100% of the personnel to undergo the training.

Amount of completed discussions in 2024. Target for the year 2025 is 100%.

The amount of safety observations in 2024. The amount includes observations during the safety walks. Number of safety walks: 162 (2023: 175).

Workers in our supply chain

We require suppliers to comply with all applicable laws and other legislation, regulations, general and specific obligations, agreements, guidelines and good business practices in all their activities.

Customers and end-users

We provide our customers with high-quality services based on a genuine interest in andunderstanding of the needs and requirements of our customers. We strive to build long-term relationships with our customers, suppliers and business partners based on mutual trust.

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.