Greenhouse gas emissions

Front page Sustainability Greenhouse gas emissions

Greenhouse gas emissions in 2025

In 2025, the Kreate Group’s direct and indirect CO₂e emissions (Scopes 1–3) totalled 58,064 (40,542) tonnes of CO₂e, representing an increase of 43% compared with the previous year. Total emissions intensity relative to revenue, i.e. CO₂e emission intensity, was 184.2 (147.2) t/MEUR.

Differences in emission intensity are mainly due to differences in Kreate’s active project portfolio and the phase of large projects, as well as procurement. The significance of large projects is emphasised particularly with regard to Scope 3 emissions, where materials are typically the largest source of emissions. Greenhouse gas emissions are calculated based on annual procurements; therefore, in multi-year projects, large material purchases at the beginning of a project increase greenhouse gas emissions in that year. In 2025, the largest source of Scope 3 greenhouse gas emissions was exceptionally fuels, the use of which more than doubled compared with the previous year.

In 2025, Kreate’s direct (Scope 1) emissions amounted to 4,181 (3,798) t CO₂e, indirect emissions from energy production (Scope 2) to 181 (241) t CO₂e, and other indirect greenhouse gas emissions (Scope 3) to 53,703 (36,503) t CO₂e. Emission intensity relative to revenue was 13.3 (13.8) t/MEUR for Scope 1, 0.6 (0.9) t/MEUR for Scope 2, and 170.4 (132.5) t/MEUR for Scope 3. In the financial year 2025, changes in emission intensity do not unambiguously reflect the impact of the measures included in the transition plan, as emissions are influenced by factors such as the structure of the project portfolio and the timing of procurements, particularly with respect to Scope 3 emissions.

Greenhouse gas emissions	2023*	2025	2024	%, 2025/2024
Scope 1 greenhouse gas emissions
Gross Scope 1 greenhouse gas emissions (tCO₂e)	3 969	4 181	3 798	110 %
Percentage of Scope 1 greenhouse gas emissions covered by regulated emissions trading systems (%)	0	0	0	0 %
Scope 2 greenhouse gas emissions
Location-based gross Scope 2 greenhouse gas emissions (tCO₂e)	217	181	241	75 %
Market-based gross Scope 2 greenhouse gas emissions (tCO₂e)	N/A	N/A	N/A	N/A
Significant Scope 3 greenhouse gas emissions
Total gross Scope 3 indirect greenhouse gas emissions (tCO₂e)	56 757	53 703	36 503	148 %
Purchased goods and services	44 814	32 501	28 996	112 %
Fuel- and energy-related activities (not included in Scope 1 or Scope 2 emissions)	11 763	17 966	4 965	363 %
Total greenhouse gas emissions
Total greenhouse gas emissions (location-based) (tCO₂e)	60 944	58 064	40 542	144 %
Total greenhouse gas emissions (market-based) (tCO₂e)	N/A	N/A	N/A	N/A

Greenhouse gas intensity
Total greenhouse gas emissions / revenue	190,4	184.2	147,2	125 %

*2023 is baseline year

Kreate’s climate targets

2030: -50%

Emission intensity change, Scope 1+2, compared to the 2023 intensity level

2045: Climate neutral

Emission intensity change, Scope 1+2, compared to the 2023 intensity level

Scope 3

No numerical target level.
We are committed to promoting the reduction of Scope 3 emissions in cooperation with clients and other stakeholders.

Transition plan

Kreate is committed to contributing to a sustainable society with the aim of limiting global warming to 1.5°C, achieving climate neutrality by 2050 and phasing out activities related to fossil fuels.

Transition plan

Reducing our footprint

We combat climate change by promoting resource-efficient infrastructure construction and energy efficiency in our own operations, while minimising adverse impacts on the environment.

Reducing our footprint

Principles for preparing CO2e metrics

Scope 1 and Scope 2 greenhouse gas emissions include the Group’s emissions. These do not include emissions from investment targets.

Scope 3 greenhouse gas emissions include the Group’s indirect emissions. Kreate does not have operational control over its joint venture, KFS Finland Oy. In accordance with ESRS 1, points 62–67, Kreate has included the joint venture’s data through business relationships, reporting it as part of Scope 3 emissions. Consequently, KFS Finland is treated as a subcontractor, and its emissions are reported under Scope 3 to the extent that they occur at Kreate’s worksites. Fuel- and energy-related activities (not included in Scope 1 or Scope 2 emissions) cover subcontractor fuel use as well as Kreate’s estimated air travel emissions.

Group CO₂e intensity = Total Group greenhouse gas emissions (Scope 1–3) / Group IFRS revenue.

Group greenhouse gas emissions = Finland’s business CO₂e emissions + Sweden’s business CO₂e emissions.

Finland’s CO₂e emissions are based on volume data collected from purchase invoices and category-specific emission factors. Finland’s business operations cover the activities of Kreate Oy. Sweden’s CO₂e emissions are estimated in relation to Finland’s operations, under the assumption that their CO₂e intensity is equal.

Sweden’s CO₂e emissions (Scope 1/2/3) = Finland’s CO₂e emissions (Scope 1/2/3) / Finland’s revenue × Sweden’s revenue.

Since the Group’s greenhouse gas emissions calculations are derived from Finland’s CO₂e emissions accounting, the following section outlines the methodology for calculating Finland’s emissions:

Finland’s Scope 1 CO₂e emissions = Purchased fuel volume by category (liters) × Category-specific emission factor (kg CO₂e/l)

Finland’s Scope 2 CO₂e emissions = Purchased electricity (kWh) × Emission factor (kg CO₂e/kWh) + Purchased district heating (kWh) × Emission factor (kg CO₂e/kWh)

Finland’s Scope 3 CO₂e emissions = Purchased materials by category + Subcontractor fuel consumption by category + Waste management. Each category is multiplied by its specific emission factor. The Scope 3 calculations do not include minor emission sources that are insignificant to the overall total, such as emissions from small tools and private vehicle commuting.

Emission factors are sourced from the Finnish Environment Institute, the Finnish Transport Infrastructure Agency’s infrastructure emissions database, and OneClickLCA’s published emission factors. Emission factors are reviewed at the end of the reporting period.

In CO₂e reporting, an assumption is made that Sweden’s operations are comparable to Finland’s, introducing uncertainty in reporting.

The metrics have been externally assured as part of the sustainability report assurance scope. However, the metrics and their results have not been separately validated by any other external party.