Patria is committed to the United Nations Sustainable Development Goals (SDGs) and is a signatory to the United Nations Global Compact.
Out of our selected key goals, environmental sustainability is related to UN SDGs number 12 “Responsible consumption and production” and 13 “Climate action”.
Patria Group's environmental sustainability is directed by its environmental policy, relevant environmental legislation, international principles, and stakeholder requirements related to environmental sustainability.
The material aspects of Patria's environmental sustainability, based on double materiality analysis, include climate change mitigation and adaptation, energy efficiency, and circular economy, which includes waste recycling.
Patria has been committed to the Science Based Target initiative (SBTi) since 2022 and to promote sustainable development in its operations by means of concrete measures. Read more at SBTi.
Issued by SBTi, Patria has received final approval for its near-term targets to 2030. These targets align with the Paris Agreement and support the ambition to limit global warming to 1.5 degrees Celsius.
Patria’s validated emission reduction near-term targets to 2030 are:
- Reduce absolute scope 1 and 2 (own operations) emissions by 42% by 2030 compared to the baseline year 2023
- Reduce absolute scope 3 (value chain) emissions by 25% by 2030 compared to the baseline year 2023
Read more about Patria’s climate actions.
Materials are used resource efficiently to avoid waste in Patria's operations. With maintenance, repair and overhaul activities Patria extends the lifecycle of its own and customers’ products. Commitment to circular economy includes avoiding, reducing, reusing, recycling, and in the end disposing of waste created in operations. Read more about Patria’s resource efficiency.
Patria Group’s has been persistently doing sustainability work for years, and during the years 2023-2024 the Group has prepared for the EU’s corporate sustainability reporting directive (CSRD) in advance.
Read more about Patria's environmental management system and sustainability in Annual Report.