GRI data

Economic responsibility indicators

EC1 Direct economic value generated and distributed
  2014 2015 2016
Net sales 1 1,548 1,578 1,647
Suppliers and partners 776 776 802
Personnel remuneration 248 266 275
Dividends and interests 239 238 248
Taxes and other public oblications 54 56 60
Capital expenditure investments 2 192 196 204
       
Taxes 329 363 383
Corporate tax 54 56 60
Value-added tax 173 199 207
Income tax and withholding tax 84 87 93
Public fees 8 10 12
Other taxes and public fees 10 11 11
1 Incl. financial incomes
2 Capital expenditure investments differs from GRI definition and doesn't include investments in licenses.
EC2 Financial implications and other risks and opportunities due to climate change
Risk Description Impact assesment Risk management/opportunity
Fuel/energy taxes and
regulations
Changes caused either directly or indirectly by climate change in the taxation of electricity, taxation of transmission of electricity and any carbon dioxide tax. Amendments in taxation increase Elisa's costs. For example estimated costs from increased transmission costs are about 200,000 EUR. Estimated implications are less than 1% of the operational costs. Optimisation of the electricity consumption of the data communications network, introduction of energy efficient solutions. Our customers can act in a more energy efficient way by using our services. For example, based our studies, one virtual server is 95% more energy efficient than one physical server.
General environmental
regulations
Finland´s new national Climate Change Act came into force on 06.01.2015. The law provides for climate policy planning system and monitoring the achievement of climate change goals. It will potentially increase the need for even more detailed measurement and monitoring of energy consumption. This also adds pressures to more ambitious carbon target setting and carbon pricing. Estimated cost for Elisa of carbon pricing is 100,000–200,000 EUR. Estimated implications are less than 1% of operational costs. We are constantly working on better measurement and calculations, using renewable energy and aiming to set more ambitious mid – and long-term targets to our carbon footprint. Our customers can reduce their own carbon footprint by using digital services, for example our virtual meeting services. Based on our calculations, one virtual meeting will save 25 kg CO2 per meeting.
Extreme weather
phenomena
Climate change causes extreme weather phenomena that are a threat to Elisa's mobile networks. Storms cause power failures and interruptions in Elisa's services. In 2016, there was one serious disruption caused by weather. The increase in the number of disruptions causes higher personnel costs and costs incurred in replacing broken equipment. Elisa has in place a real-time, comprehensive monitoring system for network disturbances. This enables identification of disturbances and rapid repairs. The demand for real-time measurement and monitoring services will increase in the future.
Changes in average
temperature
Rising average temperatures and heat waves will increase the need for cooling in Elisa's telecommunications and data centres and facilities. Costs will increase due to the increased electricity consumption incurred from investments in cooling devices. On the other hand, in mobile sites, the technology is moving outside. Elisa has a data centre in Espoo that uses heat loss energy generated by the data centre servers for district heating in the region.
Growing environmental awareness of our
stakeholders
Climate change increases the environmental awareness of Elisa's stakeholder groups. Reporting to stakeholders is increasing, as are the requirements for climate-friendly operations. Any failure to respond to the growing requirements of stakeholder groups will affect Elisa's reputation. Elisa's services make it possible to build a lower carbon society. Growth in Elisa's business may also create new business operations. For example, our new Elisa remote measurement service to asthma patients could save CO2 emissions of 12% and monetary savings of 20% when compared to the old process.
EC7 Development and impact of infrastructure investments and services supported
  2014 2015 2016
Capital expenditure, EUR million 1 191 196 204
CAPEX/revenue, % 12 12 13
1 Investments are mainly commercial investments.

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