Paf commits to reach Net-Zero

We are committed to reduce our climate impact in line with the Paris Agreement’s 1.5°C target.

That is why we have submitted science-based targets, which are approved by the Science Based Target initiative (SBTi).

Our near-term targets state that we will reduce our scope 1 and scope 2 emissions by at least 46% by 2030, from a 2019 base year.

Paf also commits to reach Net-Zero by 2040. As part of this, we commit to reduce our scope 1, 2 and 3 emissions with at least 90% by 2040, from our base year.

SBTi is a robust and scientific framework that provides climate targets and methodologies for companies around the world.

The Åland sustainability agenda

UN Global Development Goals

Climate-smart head office

During Paf’s 50th year of operation, its newly built head office was put into use. The starting point for the building and its design was to create a pleasant workplace and reduce Paf’s environmental footprint. Hence the head office is structured as a passive building, where renewable energy is used as far as possible.

Large parts of the slanted, bow-shaped exterior walls of the building are covered by a special sealing layer that reduce heating emissions, and 742 solar panels collect daylight in order to generate energy for use inside the building.

Inside the building there is motion detector-controlled LED lighting and water reducing nozzles, and on the parking lot 20 electric car chargers have been installed for the employees to use.

Big parts of the head office is built with glulam. This because it is;

• Renewable and domestic
• Strong and lightweight
• Fireproof
• Clean and easy to work with
• Good for indoor environment
• Timber absorbs carbon dioxide

Annual Carbon Accounting

For the first time, Paf has conducted an extensive analysis of its climate impact, with over 95% of carbon emissions included in the reporting. A comprehensive calculation is a critical first step towards achieving Net-Zero by 2040.

We have recalculated the 2019 base year using the same methodology and specifications as for 2023. The results for 2023 are directly comparable to those of the 2019 base year, an essential factor for tracking progress and identifying trends.

Paf’s entire operations had a total climate impact of 5,896 tCO₂e in 2023, which is a slight decrease from the 2019 base year that resulted in 5,919 tCO₂e.

The emissions intensity, i.e. the total amount of emissions in relation to Paf’s turnover, decreased from 51.83 tCO₂e/1M€ (2019) to 35.03 tCO₂e/1M€ (2023).

As in previous years, the largest share of our greenhouse gas emissions comes from scope 3, representing 98.7% of our total emissions. Scope 3 emissions increased by approximately 1.5% compared to the base year 2019.

Read our Carbon Accounting Report for 2023 here.