Corporate Social Responsibility and GRI

Environmental Impacts


G4-EN3 Energy consumption within the organisation and G4-EN5 Energy intensity

The total energy consumption covers OP Financial Group's heat, electricity and fuel consumption in all countries where the Group operates. In 2016, the total energy consumption was 138 230 (142 360) MWh, down by 2.9% from the previous year. Consumption on sites not covered by consumption monitoring has been calculated on the basis of specific consumption by type of real property. These sites account for approximately half of the consumption.

The electrical energy for the Vallila campus and the data centres is generated entirely through wind power.

The energy intensity, or total energy consumption per employee, of OP Financial Group offices decreased to 11.3 (11.7) MWh/year/person.


2014 2015 2016
District heating 77,716 73,400 72,050
District cooling 2,868 2,670 5,360
Fuels (Heating and reserve power) 6,946 7,060 3,780
Electricity 80,311 59,230 57,040
Total (MWh) 167,841 142,360 138,230


G4-EN15 Direct greenhouse gas (GHG) emissions 
(Scope 1)
G4-EN16 Energy indirect greenhouse gas (GHG) emissions (Scope 2)
G4-EN18 Greenhouse gas (GHG) emissions intensity

Direct greenhouse gas emissions (scope 1) are created by fuel consumed by standby generators for OP’s own premises. Energy indirect greenhouse gas (GHG) emissions (scope 2) are the result of electricity and heating energy consumption in the premises. In 2016, electricity for the Vallila campus was generated entirely by renewable energy forms.

The energy emission factors used in emission calculations are based on the 2015 Electricity generation statistics by Statistics Finland, the 2015 District Heating Statistics, the IEA district heating and electricity data for 2014 (excluding Finland), the Ecoinvent 3.3 database and, with respect to green electricity, data provided by the Finnish Green Building Council (FIGBC).

Scope 1 and 2 emissions (tonnes CO2e)

2014 2015 2016
Scope 1 1,800 5 3
Scope 2, market-based 37,114 23,446 18,556
Scope 2, location-based - 27,178 26,088
Intensity, CO₂e-tonnes/person 3.00 1.93 1.52

G4-EN17 Other indirect greenhouse gas (GHG) emissions (Scope 3)

Purchased products and services include emissions generated by office stationery, mail transport services, external data centres and customer magazines.

With respect to indirect emissions, we also calculate emissions generated by equity funds. Read more at (in Finnish).

Scope 3 emissions (tonnes CO2e)

2014 2015 2016
Purchased products and services 2,266 2,508 2,612
Waste from operations 598 609 129
Business travel 2,408 2,622 3,841
Employee commuting 951

G4-EN19 Reduction of greenhouse gas (GHG) emissions

OP's corporate social responsibility programme has set a target to reduce the carbon footprint of its own operations annually. The direct greenhouse gas emissions from OP’s own operations (Scopes 1+2) totalled 18,559 CO2e-tonnes (23,451) or 1.52 tonnes (1.93) per person. These emissions (Scopes 1+2) have decreased by approximately 47 per cent from 2011 (comparative 2011 34,847 tonnes of CO2e). The main reason for this was the removal to new, energy-efficient offices and the increase in the use of renewable energy. In 2016, the electricity consumed by the Vallila premises was generated entirely by wind power.

The CO2 emission limit for the OP Central Cooperative's company cars is 150 g/km. At the end of 2016, the average CO2 emissions of company cars equalled 125 g/km (130). In 2016, business travel caused 3,841 tonnes of CO2 emissions (2,622). OP uses video and online conferencing technology to reduce business travel. Its travel guidelines state that trains or buses must be favoured for travel within Finland. OP Cooperative employees have a employer-subsidized commuter ticket to encourage the use of public transport for commuting.

OP is an indirect opinion leader in encouraging customers to take environmental impacts into account when making financing, insurance and investment decisions, and in recommending the use of e-services and electronic documents.


G4-EN23 Total weight of waste by type and disposal method

In 2016, the OP offices managed by OP-Services in the Helsinki Metropolitan Area generated a total of 289 tonnes of waste (1,089). 82.5 per cent (79) was recycled or reused.