The 2024 sustainability report has been published. The report has been prepared following the basic module of the VSME standard. This standard is designed for sustainability reporting by small and medium-sized enterprises. The report is divided into clear sections and includes information on governance, environmental responsibility, social impact, and economic responsibility.
Challenges in the Operating Environment in 2024
The year 2024 brought challenges to many industries in Finland. New investments slowed down, the market situation changed, and many competitive companies ceased operations. According to Technology Industry Assiosiation of Finland, confirmed orders for 2024 decreased compared to the previous year, making the year difficult for many in the sector.
More Detailed Emission Data Enhances Transparency in Our Sustainability
In 2024, the report was for the first time prepared in line with the VSME standard. The new report contains more numerical data regarding West Welding’s consumption and emissions. For example, Scope 1 and Scope 2 greenhouse gas emissions are included in the report and have been calculated according to the GHG Protocol using the carbon footprint calculation tool provided to member companies by Teknologiateollisuus ry. The purpose of the sustainability report is to increase the transparency of West Welding’s operations and to communicate transparently about our social, environmental, and economic impacts.
Read our 2024 sustainability report via the link below,
VSME Sustainability report 2024
or on our sustainability page.
More information about the Voluntary Reporting Standard for Small and Medium-sized Enterprises (SMEs) is available on the EFRAG page.
