Elisa ranks 55th on Time and Statista's World's Most Sustainable Companies list.

Time magazine and Statista have published a global listing of the world's most sustainable companies. Elisa was ranked 55th, improving its performance in all areas of sustainable development. The company was ranked 2nd after Nokia among Finnish companies and improved its ranking by 11 places since last year. The report evaluates companies' performance using over 20 key indicators related to sustainable business practices.

Time magazine and Statista have recently published a global listing of the world's most sustainable companies, with Finnish telecommunications pioneer Elisa (OTC:ELMUY) making significant strides. The company was ranked 55th, improving its position by 11 places from the previous year. This notable ascent places Elisa as the second most sustainable company in Finland, trailing only Nokia.

Elisa's improved ranking is a testament to its substantial progress in sustainable development. The company has achieved a 71% improvement in mobile network energy efficiency and has set a target for net-zero emissions by 2040. These advancements underscore Elisa's commitment to environmental sustainability and its alignment with global sustainability goals.

The comprehensive survey, which evaluated nearly 6,000 companies from 36 countries across 21 industries, highlights Elisa's dedication to sustainable business practices. The company serves over 2.8 million customers in Finland and Estonia, with international operations in over 100 countries, generating revenue of EUR 2.2 billion in 2024.

Elisa's success in sustainability is not an isolated case. The banking sector, particularly, is showing a growing commitment to sustainability. The Net-Zero Banking Alliance, which includes 144 members as of September 2024, demonstrates the banking sector's dedication to achieving net-zero emissions by 2050. Banks are increasingly recognizing the importance of environmental, social, and governance (ESG) factors in their operations and investment decisions [2].

ESG scores, which measure a company's exposure to long-term environmental, social, and governance risks, are becoming increasingly influential in investment decisions. The assets of ESG funds worldwide reached a value of 480 billion U.S. dollars in 2023, indicating a growing interest from investors in sustainable practices [2].

While Elisa's ranking and achievements are commendable, the report also highlights the broader trend of companies worldwide improving their sustainability performance. As investors and financial professionals continue to prioritize ESG factors, companies like Elisa are likely to face increased scrutiny and pressure to enhance their sustainability efforts.

References:
[1] https://www.stocktitan.net/news/ELMUY/time-statista-elisa-ranked-55th-most-sustainable-company-in-1gxwqhuirhls.html
[2] https://www.statista.com/statistics/1272380/comparison-esg-scores-largest-banks-worldwide/