Aktia is working to contribute to a more sustainable society through innovative products and services. We work towards reducing our environmental and climate footprint in connection with business travel and endeavour to reduce our environmental impact through increased resource and energy efficiency.
Our direct environmental impact comes from the consumption of energy, materials, equipment, travel and transport. The development of digital solutions in recent years has contributed to a reduced environmental load. One concrete measure is to reduce environmental stress including that caused by business travel. Aktia encourages the use of public transport instead of private cars for work-related travel and recommends telephone and video conferences to avoid unnecessary travel. Aktia endeavours to improve the routines for managing environmental issues and encourages the use of environmentally friendly solutions in day-to-day activities.
Aktia works to continuously raise awareness of environmental and sustainability issues within the company. We endeavour to reduce paper consumption by sending electronic mail instead of conventional letters. Customers and other stakeholders can receive account statements, customer brochures, insurance forms and financial reports by e-mail or through the internet bank. Moreover, Aktia has created a tool for electronic signatures, which enables the customers to sign agreements via the online bank. Aktia is continuously working to create the conditions for the management banking tasks via the digital channels.
Environmental factors and sustainability issues are taken into account both in Aktia's lending and investment operations.
Our suppliers are mainly domestic service providers with some European exceptions. Because Aktia has relatively few service providers, and most of these are domestic, the company has no formal process for auditing them. We are convinced that suppliers with high quality service delivery also take account of social, ethical and environmental factors in their business activities. The need for a formal audit process for suppliers is evaluated regularly.
Aktia has decided to create a green procurement guideline and supplier Code of Conduct and carry out supplier risk assessment in 2019. Aktia has started to build WWF's Green Office network in its offices starting from its headquarters.
Aktia responds annually to CDP reporting for climate change. The global carbon dioxide emissions are a topical problem attracting more and more attention. As an asset manager, Aktia is in a position where it can affect the environment through its investment decisions, and studies have shown that Aktia's investment process leads to a smaller carbon footprint than the reference market. In December 2018, the carbon footprint of our funds was on average 49% smaller than that of its reference market. Aktia reports the carbon footprint of its own direct equity funds twice a year. In CDP reporting, Aktia reports also group's intensity metrics for CO2 emissions e.g. per square meters, operating income, total assets under management and full time equivalent (FTE) employee.
Aktia is also a signatory to CDP's water and forest initiatives. In spring 2018, Aktia participated in CDP's NonDiscloser campaign encouraging listed companies to report their greenhouse gas emissions.