Finago takes climate action among the forerunners of Nordic software companies with validated science-based targets

Finago’s near-term emissions reduction target has been validated by the Science Based Targets initiative (SBTi). The external validation confirms that our targets are in line with climate science and the level of emission reductions that are required to reach the Paris Agreement’s goal to limit global warming to 1.5°C.

The validation is a significant milestone in Finago’s sustainability journey, which has progressed systematically since 2022. By setting science-based targets, we’re not only accelerating our own actions. We’re raising the bar for the entire industry, being one of the first financial and HR business software companies in the Nordics to receive SBTi validation.

“We’ve built a strong foundation over the past years and now we’re proud to have further raised our climate ambitions. SBTi validation confirms that our climate actions follow the best available science. It means that we’ve also increased the demands we place on ourselves in line with the criteria of the SBTi. Our targets guide how we develop our solutions and run our operations every day,” says Anni Kivisilta, Chief HR & Sustainability Officer at Finago.

Summary of Finago’s climate targets validated by the SBTi

Finago’s science-based near-term climate targets apply to emissions from our own operations (scope 1 and 2) and other indirect emissions from its operations (scope 3).

We commit to reducing absolute scope 1 and 2 greenhouse gas (GHG) emissions by 42% from 2024 levels by the year 2030. We also commit to reducing absolute scope 3 GHG emissions covering purchased goods and services, fuel- and energy-related activities, business travel, and employee commuting by 25%. Within the same timeframe, we further commit to ensuring that 46% of our largest suppliers measured by spending covering purchased goods and services, will have science-based targets.

A commitment to transparency and continuous improvement

With the SBTi approval, we’ll strengthen our reporting practices. We’ll continue to follow our progress against the validated near‑term science‑based target. We’ll also engage our partners and suppliers to accelerate emissions reductions throughout the value chain.

“This approval is a beginning, not an endpoint. It’s a motivator,” adds Kivisilta. “We’ll keep improving, keep learning, and keep pushing forward to create a more sustainable future for our customers, our employees, and the society.”