Responsibility

Sustainability runs through our strategy from megatrends to customer needs and our offering. Skilled and diverse Elematic people and good leadership play a central role in the sustainable progress and growth of our business.

Precast concrete solutions for sustainable construction

Precast concrete is resource-efficient, scalable, and flexible, and provides architectural freedom. It makes the whole construction process more efficient. Concrete structures have a long service life and low need for maintenance and repair, providing significant sustainable value.

CONCENTRATING ON WHAT MATTERS MOST

In our materiality assessment, we analyzed Elematic’s and our stakeholders’ interests concerning relevant topics through interviews and a survey and reviewed the regulatory landscape regarding sustainability. For each potential topic, we considered Elematic’s environmental, social, and governance (ESG) impacts. As a result, we prioritized the most material sustainability topics for Elematic. The latest materiality assessment was carried out in 2022

Committed to United Nation’s SDG’s

Our sustainability approach and targets are aligned with the following UN Sustainable Development Goals (SDGs), prioritized as the most relevant for our operations:

• Decent work and economic growth (8)
• Industry, innovation and infrastructure (9)
• Responsible consumption and production (12)
• Climate action (13)

Elematic will further align the company’s  sustainability targets and performance reporting with SDGs.

SOLUTIONS AND INNOVATIONS

PRECAST CONCRETE SOLUTIONS FOR SUSTAINABLE CONSTRUCTION

In a typical housing project, on fourth of the lifecycle carbon footprint comes from the manufacturing of building products. The frame is the biggest source of building emissions, accounting for 69% of all emissions. Elematic innovates building construction with precast.

OUR MATERIAL FOCUS ARE:

• Sustainable products, technologies and services
• R&D and innovations

We invest strongly in research and development, and the share of R&D expenses of our annual net sales is 3.2 percent (3.8 percent). One of the cornerstones of our R&D work is the safety and environmental friendliness of our machinery. We continuously reshape and develop our precast technology. We provide our customers with effective, energy-efficient, environmentally friendly, and safe products that leverage the latest technology. We will evaluate the environmental impacts of all our key machines (40 pcs) by 2025. By the end of 2023, the evaluation has been completed for 31 devices.

We will evaluate the enviromental impacts of all our key machines (40 pcs) by 2025. 

ENVIRONMENTAL SUSTAINABILITY

ETHICS AND TRANSPARENCY ENABLE  EFFICIENT AND PREDICTABLE OPERATIONS

Elematic develops the built environment with a focus on how materials, methods, and processes can reduce the environmental burden and contribute positively to society.
Along with this important role, Elematic strives to minimize its own environmental impact.

OUR MATERIAL FOCUS AREAS:

• Resource & energy efficiency of products over the lifecycle
• Elematic’s emissions, waste, and recycling

Concrete is the world’s most widely used construction material. However, it has
significant environmental impacts due to the high CO2 emissions arising from the
production of cement, which is used as a raw material in concrete. As the demand
for sustainable building materials grows, low-carbon concrete is becoming
increasingly important.

Elematic plays an important role in the transition towards a more
environmentally sustainable society. Our aim is to develop innovative products
as well as process improvements to minimize the use of energy and raw
materials, CO2 emissions, waste, and hence costs. We are also dedicated to
promoting sustainable practices throughout the precast industry and actively
participate in initiatives to reduce environmental impacts.

OUR CARBON FOOTPRINT

We are currently in the process of completing our emissions calculation for the calendar year 2022 and 2023, which is expected to be finalized by the Autumn 2024. Results are published here when available.

Accompanying results cover the calendar year 2021.

SOCIAL RESPONSIBILITY

COLLABORATION FOR SAFETY AND KNOWLEDGE

Elematic’s strategy highlights the importance of people and leadership. Our knowledgeable and committed people have a key role to play as we strive for strong growth. Elematic’s goal is to offer employees versatile career paths and development opportunities.

OUR MATERIAL FOCUS AREAS:

• Health & safety
• Employee well-being and development & leadership

As a technology forerunner, we provide unique opportunities to participate in building a more sustainable future. We are known for our collaborative, supportive and low-hierarchy work culture. Our strategic people-related themes include development, diversity, and job rotation, among others.

Elematic continues to expand its international presence. Therefore, we remain steadfast in our commitment to valuing and prioritizing the well-being of our employees across all locations. Our dedicated team of employees travels across the world visiting our customers, which are spread across more than 100 countries on six continents. In 2023, our new plant and production facility in China started to operate. During the year, we invested in developing our e-learning platform to provide increased training opportunities for our people. Furthermore, we identified the leadership training needs of managers.

ECONOMIC AND GOVERNANCE

ETHICS AND TRANSPARENCY ENABLE EFFICIENT AND PREDICTABLE OPERATIONS

Elematic complies with local laws and regulations and strives to abide by high standards of business conduct.

Our material focus areas:

• Financial stability and performance
• Business ethics
• Responsible supply chain

The management culture of Elematic is based on our company values:

• Customer is our priority
• We keep our promise
• We work together
• Dare to renew!

Everyday activities at Elematic are guided by our policies, guidelines and instructions.

• Code of Conduct
• Quality and environmental policy
• Data security guidelines and instructions
• Machine safety instructions and line and factory safety
• Procurement policy
• Safety

STAKEHOLDERS

Elematic keenly follows developments in the society and engages stakeholders.  Long-term business relations and partnerships are characteristic for Elematic. Our key stakeholders are customers, owners, suppliers and sub-contractors, agents, and potential new and current employees. Other relevant stakeholder groups include schools and universities, local communities where we operate, authorities and regulators as well as industry associations and networks.

Memberships

• • Betong Norge
  • East Office of Finnish Industries Oy
  • German-Finnish Chamber of Commerce
  • IPHA (International Prestressed Hollowcore Association)
  • NPCA (National Precast Concrete Association USA)
  • PCI (Precast/Prestressed Concrete Institute)
  • Concrete association of Finland