Sustainable development is not only important for the entire Ilmatar Group, but it is also the foundation of our entire existence. Our contribution to solving one of the greatest challenges of our time, the climate crisis, forms the backbone of our entire business model.
We do our part in preventing climate change by developing, owning and operating one of the largest renewable energy production capacity in the Nordic countries. We do so by replacing fossil fuels with solar and wind power, both on land and at sea.
We want to do more than just increase the production of green energy. We want to do it as sustainably as possible for the environment, people and society.
Our vision is to intensively contribute to the construction of large-scale solar energy in Sweden. This way, we can increase the availability of rebewable energy. We also want to help reach our national climate target.
Large-scale solar energy is one of the fastest and most cost-effective ways to reduce environmental impact. Solar cells do not emit greenhouse gases when they generate energy. Indeed, solar energy is one of the best options for the environment, even when considering emissions from manufacturing the solar cells and building infrastructure.
The emissions during the entire life cycle of solar parks amount to approximately 18 gCO2/kWh. That is just a little more than wind power, which is by far the most eco-friendly form of energy. It is however still significantly less than bioenergy, gas or coal whose greenhouse gases are manifold. Emissions from coal, for example, are about 40 times higher than those from solar energy.
ESG broadly refers to how sustainable and responsible a company’s corporate governance is. It means that a company not only bears responsibility for the environment, but also acts against corruption, discrimination and human rights violations, among other things.
The primary notion behind our environmental work is not only to keep the negative environmental impact of all our projects at a minimum, but to ensure that they also have a positive impact on our nature. For this reason, we are planning various forms of collaboration to attract more pollinators to our solar parks, and we continually measure our environmental impact and carbon dioxide emissions during construction of the parks. We are also exploring the possibilities of recycling or reusing solar panels, together with Stena Recycling.
At Ilmatar Solar, we care about people, whether they are our own employees, employees in our supply chain or residents in our operating communities. We collaborate in various programmes to promote human rights throughout the value chain, which has traditionally been a problem with solar cells. We are a member of the United Nations Global Compact and Human Rights Program. We do our best to take good care of our employees and support and sponsor many young athletes, associations and projects with good intentions.
Ilmatar joined the UN Global Compact in 2021. We are committed to its Ten Principles in the areas of human rights, labour, environment and anti-corruption.
The UN Global Compact aims to develop and facilitate the progress of the environmental, social, and economic sustainability of companies and societies.
The UN’s global Sustainable Development Goals are at the heart of what we do. We focus primarily on the following:
Goal 7: Ensure access to affordable, reliable, sustainable and modern energy for all
Goal 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Goal 9: Build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation
Goal 12: Ensure sustainable consumption and production patterns
Goal 13: Take urgent action to combat climate change and its impacts
We at Ilmatar subscribe to fair working conditions for all our employees. Likewise, we ensure that the same applies to those who work for our subcontractors. We treat our employees and partners equally and have an absolute zero-tolerance policy against all forms of discrimination and harassment. Furthermore, we do not tolerate any form of forced labour or the use of child labour, and we respect employees’ freedom of association.
We are proud to be part of the UN’s Global Compact Business & Human Rights Accelerator, a six-month international program aimed at businesses in different sectors and regions. The program is pragmatic in nature and will help us to move from promises to actions regarding human and labour rights. We look forward to bringing together a network of colleagues to work together to promote respect for human and labour rights globally in business and supply chains.
At Ilmatar Solar, we value a responsible corporate culture that promotes sustainable business and a healthy work community. We have an anonymous Whistleblowing channel, for example, where anyone can report irresponsible behavior or behavior that violates our Code of Conduct, our values or the law. We take all illegal activities and activities that athwart our ethical values very seriously. We encourage everyone to inform us if such suspicions arise.