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Elisa Oyj

Environmental & Social Information Mar 15, 2022

3216_sr_2022-03-15_80771603-9a4a-4686-882a-89f9a92a6008.pdf

Environmental & Social Information

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SUSTAINABILITY

REMUNERATION 2021 GOVERNANCE

ANNUAL REVIEW FINANCIALS

Economic sustainability

p.22

p.27

p.11 p.17

Description of the report

Elisa's sustainability report for 2021 is a statement of Elisa's non-financial information and includes information in accordance with the EU Taxonomy Regulation. The report forms part of Elisa's annual report, which is published in Finnish and English and consists of five parts: an annual review, a sustainability report, financial statements, a corporate governance statement and a remuneration statement. The entire annual report is available at elisa.com/corporate/investors/annualreport/.

This verified sustainability report has been prepared primarily according to the Core requirements of the Global Reporting Initiative (GRI) Standards, but also including some indicators according the Comprehensive requirements. Elisa also reports non-financial information with reference to the SASB (Sustainability Accounting Standards Board) framework. We do not currently report all the indicators included in the standard, but we will also continue to evaluate them in future. In addition, the Nasdaq Nordic ESG Reporting Guide has been taken into account in preparing the report. ESG index 2021 includes GRI, SASB and our own indicators and is part of the report.

Elisa also publishes climate-related financial information in accordance with the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations in a separate TCFD report, which is available on our website.

Elisa's sustainability reports are verified by a third party. The 2021 corporate sustainability report is verified by KPMG Oy Ab. The limited verification covers the sustainability section of Elisa's 2021 annual report. The reporting period is the calendar year 2021.

The reporting of key aspects covers all of the business functions and subsidiaries included in Elisa's consolidated financial statements: Consumer Customers, Corporate Customers, Production, Support and the subsidiaries.

The reporting corresponds to the reporting scope of Elisa Group. For some indicators, the scope has been limited due to a lack of reliable information. Any deviations due to these limitations or changes in calculation methods are indicated alongside the relevant indicators. We will continue to develop the coverage of our reporting in these respects. The financial information in this report comes from the consolidated financial statements, and it complies with IFRS accounting principles.

With regard to environmental indicators, the most significant environmental effects of the parent company and its subsidiaries have been calculated in accordance with GRI guidelines. The calculation of carbon dioxide emissions is based on the Greenhouse Gas Protocol Corporate Standard. The figures for Scope 3 emissions are reported according to the GHG Protocol Corporate Value Chain Standard. The reporting of Scope 2 emissions takes into account GHG Protocol Scope 2 instructions. For a description of the calculation method, please see our corporate sustainability website. With regard to personnel, figures for both the parent company and subsidiaries are included. Structural changes in the Group are presented in more detail in the annual report.

This is Elisa's ninth verified sustainability report, and the publication date for the 2021 report is 15 March 2022. Previous reports are available at elisa.com/corporate/ investors/.

Contacts

Ms Minna Kröger, Vice President, Corporate Sustainability [email protected], tel. +358 50 572 7620

Investor relations

Sustainability at Elisa

Elisa's mission is a sustainable future through digitalisation. Accordingly, we tackle common issues that are important for people, society and sustainable development.

We are a trailblazer in the provision of telecommunications and digital services, and our business goal is to provide value and sustainable solutions for society and our customers.

Comprehensive, reliable and fast data communication connections are a prerequisite for a competitive and equitable information society. As our operating environment is becoming increasingly digital, we play a key role in influencing society and the operating and working environments of companies and citizens in our main market areas, Finland and Estonia, as well as internationally.

We are committed to the UN Global Compact and are signatories to the UN Women's Empowerment Principles. We respect human rights and international anti-corruption conventions in all countries where we operate and in our partner network.

It is essential for us to promote:

  • Protection of everyone's privacy by ensuring safe digital environments
  • A fair and inclusive digital society
  • Innovation
  • Resource efficiency and measures to combat climate change

By building a sustainable future through digitalisation, we are contributing to the UN Sustainable Development Goals, which are essential to our operations. We can both reduce the negative impact of our own operations (sustainability footprint) and provide sustainable digital solutions to customers and other stakeholders (sustainability handprint).

Good governance

We comply with legislation and our Code of Conduct in everything we do, and we expect our partners to do the same. Elisa's Code of Conduct defines how we operate based on our values. Elisa Corporation observes the Finnish Corporate Governance Code from the Securities Market Association.

Corporate Governance Statement 2021

Management of corporate responsibility

Material aspects of sustainability at Elisa are discussed and approved by Elisa Corporate Responsibility Management Board, Elisa Executive Board and the Board's Audit Committee. Elisa's Board of Directors confirms and signs off on the annual responsibility report, including the nonfinancial information.

In 2021, Elisa Corporate Responsibility Management Board met six times, and themed working groups met once every quarter.

Management descriptions by Elisa's sustainability areas

Development and measurement

Sustainability has been part of Elisa's strategy since 2009. In 2021, the main focus areas for our strategic sustainability actions were ensuring digital trust, promoting equality and equal opportunities, and driving innovation in both material and energy efficiency, as well as fostering a shared understanding of our mission. The measures taken in these priority areas form part of our business strategies and action plans, and they are described in more detail by area in this report.

As part of the strategy process, we have updated Elisa's sustainability focus areas starting from 2022. We have also assessed and prioritised those UN Sustainable Development Goals that we can significantly influence through our own actions. We are involved in building sustainable industry, innovation and infrastructure (SDG 9), reducing inequality (SDG 10), taking climate action (SDG 13) and promoting peace, justice and strong institutions (SDG 16).

We have set specific targets and success indicators for the different areas of sustainability. In addition to these, we monitor stakeholders' perceptions of our success with the Sustainability metric. This is also one of Elisa's strategic scorecard indicators. Elisa's sustainability is monitored monthly as part of consumer and corporate customer surveys in Finland and Estonia. The surveys ask 8,000 respondents whether Elisa is a responsible actor in society. The results of the surveys guide our actions to develop our responsible practices.

In 2021, we used a monthly internal survey to monitor how Elisa's mission guides people's daily decisions at work. Elisa employees had discussions in mission workshops to build a common understanding of what a sustainable future and sustainability mean in our daily work. More than 93% of Elisa's teams have already taken part in a mission workshop.

Elisa corporate responsibility governance model

We utilised data and artificial intelligence to help society as the COVID-19 pandemic continued.

Risk management

Risk management is an essential part of Elisa's internal control system. It aims to ensure that risks affecting the company's business are identified, influenced and monitored. The company classifies risks into strategic, operational, insurable and financial risks. The material sustainability risks and mitigation methods are introduced within each sustainability area.

COVID-19 measures

The coronavirus pandemic continued to affect our operating environment in 2021. We focused on providing sustainable and innovative digital solutions for our customers, and on ensuring a safe and secure working and service environment.

Our persistent development of flexible ways of working proved to be a significant advantage for Elisa and its employees. Despite the restrictions on mobility, we were able to carry on working safely, thanks to the remote working culture we have adopted. Based on the results of the annual commuting survey, Elisa employees worked an average of 3.45 remote days per week as the exceptional circumstances continued (measurement period November 2021, N = 2,362).

We ensured the safety of our staff and customers, and we made sure there was an orderly transition between hybrid and remote working models in response to the pandemic. We won the Work Environment of the Year award from RAKLI (a Finnish association of property owners and construction clients) and the Finland Chapter of the International Facility Management Association thanks to the support we provided for Elisa employees and our

partners in the switch to remote working during the pandemic, enabled through digitalisation.

We paid special attention to providing wellfunctioning and easy-to-use remote services. At the outset of the pandemic, we set up a virtual shop, and we have continued to provide free digital support in the use of online services. We stepped up nationwide home delivery services and safe in-store device pickups. Our Omaguru service offers remote support to assist our customers in setting up and troubleshooting all the devices they have at home, while Yritysguru provides the same assistance to businesses.

Furthermore, our customers and stakeholders can experience these services both live and virtually in Elisa's 5G Showroom. We also enabled virtual live visits to our network management centre and IT service production for our corporate customers.

During the year, we came to society's aid in many ways with the help of data and artificial intelligence. In Finland, the Helsinki University Hospital (HUS) used smart snapshots and anonymised mobility data provided by Elisa to predict the spread of the pandemic. The snapshot solution developed by Elisa for HUS utilises data collection, aggregation, analysis, automation and visualisation to monitor and forecast the coronavirus situation.

In Estonia, we partnered with MindTitan to analyse anonymised online data to determine the extent to which people were following the travel advice from the public authorities during the pandemic. During the COVID-19 restrictions, we analysed mobility data in Estonia for the public and private sectors, and we also published the data on our Estonian website.

Elisa's measures during the exceptional situation caused by COVID-19

Commitments

Elisa is committed to the principles of the UN Global Compact and is proud to bear its responsibility for global sustainable development. Our commitments and climate action include

  • Science Based Targets initiative (SBTi)
  • The Climate Pledge initiative
  • Finnish Energy Efficiency Agreement for Industries

In 2021, we were among the first companies to sign up to the Climate Pledge. We also became a member of Inklusiiv Community, which promotes diversity.

Our determined work to improve quality and the customer experience was rewarded when Elisa became the first telecom operator in the world to receive the highly significant six-star certificate in the EFQM Global Award assessment. We also received the 2021 Finnish Quality Award from Excellence Finland.

For the second year in a row, Finnish consumers chose Elisa as the most responsible company in its industry in the Sustainable Brand Index survey. Elisa was the only Finnish company to make it into the top ten of the Financial Times European Climate Leaders 2021 list. Elisa and Polystar achieved Silver level in EcoVadis' sustainability assessment.

Elisa's memberships and commitments

Stakeholder dialogue

Active stakeholder dialogue is an important part of the daily development of Elisa's business operations and sustainability. We are engaged in a continuous dialogue with our stakeholders through regular meetings and a number of questionnaires and surveys. Regular assessment of the material aspects and social and business impact of our operations is an important part of our sustainability work in Elisa Corporate Responsibility Management Board.

Compliance development measures

The purpose of Elisa's Compliance Programme is to ensure that Elisa's operations comply with the law and the Elisa Code of Conduct. The key development measures taken throughout the Elisa Group during the year were:

  • eLearning training courses on the updated Elisa Code of Conduct for all employees
  • Developing Group-wide compliance management
  • Updating the Code of Ethical Purchasing
  • Assessing Elisa's human rights due diligence commitment and the resulting development measures
  • Updating our Human Rights Policy
  • Providing targeted human rights training for Elisa employees in Finland and internationally
  • Actively participating in the work of the Joint Audit Co-operation (JAC) Human Rights Working Group and involvement in JAC's human rights declaration
  • Implementing a supply chain human rights risk survey

  • Implementing an anti-bribery and corruption programme: anti-bribery and corruption training (eLearning for all employees in Finland and Estonia, target group-specific training courses), development and piloting of a bribery risk survey tool

  • Updating the competition law guidelines and related training (target group-specific training courses)
  • Contractual training (target group-specific training courses)
  • Revising the Group-wide export control and sanctions policy

We made sure that we provided a safe environment for working and services.

Elisa's updated sustainable value creation model

Megatrends

Stakeholders

Corporate customer business Elisa's resources Impact

Processes & practices

Mission: A sustainable future through digitalisation

Values: Customer orientation, Responsibility, Renewal,

Consumer customer business

Employees

Production

Automation & AI

Partners

Aging population

International businesses Strategy

Support

Societal players

Climate change & Scarce natural resources DIGITAL We secure people's privacy in a safe and reliable digital environment

SOCIAL We advance a fair and digitally inclusive society

ECONOMIC We intensify innovation and drive sustainable value creation

ENVIRONMENTAL We enable our customers to become more resource efficient

Results orientation and Collaboration

Policies and principles

DATA & TECHNOLOGIES Processes, production units incl. subcontractors

PEOPLE & RELATIONSHIPS Employees and know-how Partner and expert networks

FINANCIAL Revenue, profit

ENERGY & MATERIALS

Electricity, fuel, district cooling, district heating and material assets

Shareholders Customers

Safe connections

KPI's and performance in 2021

Sustainable value to society

Corporate responsibility Target year:

2021

Performance: 88%

Digital

We secure people's privacy in a safe and reliable digital environment

disturbances Reducing the number of network
Target year: 2021
Performance: 97%

Cyber security

Target year: 2021

Performance: 73%

All elisians have completed data protection training

75%

Target year: 2021

Performance:

Social

We advance a fair and digitally inclusive society

Customer satisfaction in relation to NPS
target
2021
81%
Employee engagement score
2021
95%
All elisians have completed the
Code of Conduct training
Continuous
93%
Supply chain sustainability development
Continuous
100% of procurement and
corporate responsibility teams
completed Elisa CoEP -training

We intensify innovation and drive sustainable value creation

Elisa's medium-term financial targets CO2 emission savings

Economic

elisa.com/investors

Environmental

We enable our customers to become more resource efficient

Target year: 2021
Performance: 95%

Science Based Target (SBTi) (T1)

Target year: 2025

Performance:

100%

ELISA SUSTAINABILITY 2021 10

TARGETS AND PERFORMANCE 2021

Reducing the number of network disturbances

97%

Cyber security

73%

All elisians have completed data protection training

75%

DIGITAL SUSTAINABILITY

We secure people's privacy in a safe and reliable digital environment

Digitalisation connects us wherever we are. Everybody must have the opportunity to use digital services securely.

Elisa plays an important role in making this possible, and the foundations of our business are the trust of our customers, wellfunctioning services and information security.

Our society and businesses depend on well-functioning and secure communications, connections and services. Elisa plays a key role in enabling its customers' participation in the digital society in Finland and Estonia.

We deliver reliable communication networks and provide our customers with secure services using high-speed connections.

We develop services that strengthen business continuity and cyber security for our public sector and corporate customers. We also offer services based on this expertise to other operators internationally.

Securing serviceability in society

Our new online services also provide significant support for critical communication between the public authorities and other parties. Elisa was selected in 2020 as the sole provider for the Virve 2.0 public safety network in Finland due to the quality and coverage of Elisa's network. Virve 2.0 will be available from 2022, and will cover 4G, 5G and IoT.

Transparency and communication

Cooperation and trust

We are a key player in securing the supply and serviceability of Finland's national telecommunications and ICT services. For example, many social and business activities – such as working and studying from home – would have been impossible during the COVID-19 pandemic without high-quality, secure telecommunications connections. In Finland, Elisa took part in and was involved in planning crisis and continuity exercises (UUSIMAA21 and TIETO2020) together with the authorities and other businesses, both during planning and as a participant.

We are also a key player in Estonia, our second-largest market area. During the year, we participated in crisis management exercises with the authorities to ensure the functionality of the mobile network. We took part in exercises with the Estonian government to prepare for cyber threats.

We also updated our data protection policy and internal security guidelines during the year.

Fast network free of disruptions for everybody

A fast communications network free of disruptions is the cornerstone of a digitalised society.

Our aim is to continuously reduce the number of incidents through proactive and other measures. In 2021, there were 68,414 incidents, and we were able to reduce the number of incidents by 97% through proactive measures.

Our 5G mobile network continued to expand during the year – now it already covers 70% of people in Finland and 150 municipalities. The results of an independent benchmarking study conducted in September show that Elisa's 5G network has by far the best coverage in Finland.

Elisa has also invested in strengthening the mobile network in less populated areas. We anticipated the risk

of power failures caused by weather events and other natural phenomena, and we ensured that the mobile network will keep running smoothly during repairs through operational drills, for example. In Estonia, a drill was carried out through a live virtual communication platform specifically developed for this purpose, which allowed the participants and institutions participating in the drill to exchange information in real time.

Elisa's Cyber Security & Service Operations Center (cSOC) monitors the functionality of our services, manages incident resolution, and handles internal and external communication about incidents. We ensure that all of our connections and services remain functional through active 24/7 monitoring, predicting and eliminating faults, and network modifications.

As a result of our persistent development of quality and automation, the number of incidents in Elisa's network has decreased significantly, even though service usage has increased. In Finland, Elisa's network did not have any serious incidents (severity rating A) in 2021 (source: Finnish Transport and Communications Agency).

We ensure the security and quality of our network and the mobile technology we use by operating our network ourselves, using automation solutions that we have developed. We also work closely with experts and operators in the field.

Elisa complies with all regulations from the Finnish Radiation and Nuclear Safety Authority (STUK) and other authorities. All our new access points undergo a safety assessment to ensure that they are placed in a way that is safe for people and the environment. Decisions made by the Finnish and Estonian authorities on the use of technology are based on the results of international academic research.

Elisa network incident management development

Digital security

We ensure that the digital environment functions well and remains secure by, for example, using the latest technology and continuously improving the security of our networks, hardware and services.

We maintain our employees' first-class expertise through training and other means. We also cooperate with the authorities on an ongoing basis in matters such as serviceability.

We have separate security agreements with our key partners that cover data protection and key security issues. We audit our partners and monitor the implementation of improvements and corrective actions based on the findings of those audits.

Cyber security

Cyber security is a key part of our operations and the quality of our services. Improving cyber security is one of our ongoing goals, and our performance reached 73% of the target level in 2021. Elisa manages cyber security throughout its organisation with a separate steering group. Our key principles include developing our cybersecurity culture, transparency, clear communication, strong stakeholder cooperation, layered cyber-protection, and continuous development of our operations.

We have partly automated functions such as compliance management (including supplier audits). We promote cooperation and continuous improvement with internal cybersecurity drills and through cooperation with our customers and the authorities.

Elisan digital sustainability

We approach cyber security from three angles:

  • We have effective processes in place to prepare for cyber threats and minimise their negative impact on our business. Continuous development of our cSOC expertise is at the core of our operations. 1.
  • We provide our corporate customers with continuous cybersecurity services from the Elisa Cyber Security Center, which is a service independent of operators and hardware manufacturers that monitors the IT environments of several major Finnish organisations 24/7. The service enables comprehensive cyber-monitoring of a variety of business environments. Elisa's cybersecurity services complement Elisa's network and information security services, which means that we can provide organisations with preventive and proactive security services, cyber-incident detection and repair services. 2.
  • We develop and share our expertise and collaborate in cybersecurity communities and with the public authorities, while developing a secure digital society. 3.

Actions and preparing for cyber threats

Increasingly often, various types of cyber threats affect our customers, public organisations, companies and our employees. We manage information security incidents through Elisa's Cyber Security Operations and continuous training. This allows us to effectively prepare for information security threats.

The number of different types of online and telephone scams is constantly growing. For example, the FluBot malware spread widely in Finland at the end of the year 2021. Elisa takes active measures to prevent cyberattacks and to ensure customer trust and the security of internet and telephone services.

Elisa was the first operator in Finland to introduce anti-scam measures to combat scam calls from abroad.

We have particularly invested in developing how we manage information security vulnerabilities and internal instructions.

We have been able to significantly reduce the number of high-severity vulnerabilities and further expand our vulnerability hunting ("bug bounty") programme. During the year, we had 2,472 registered hackers who detected 115 vulnerabilities, and we paid 7,000 US dollars in bounties.

We also supported talented young hackers, who found and reported vulnerabilities in the Finnish matriculation examination system through the Generation Z Challenge hacking and information security campaign on the Elisa platform.

Increasing awareness

Resilient cyber security is particularly important in cloud environments, and our key measures are to improve our detection and response capabilities and our risk-based protection measures. We have systematically increased the amount of cybersecurity preparedness training that we do and have conducted drills covering scenarios such as ransomware and denial-of-service attacks.

We continued the cyberattack simulation training that we started in 2020 (known as "purple teaming") and have achieved significant improvements in our

protection, detection and response capabilities.

In 2021, we updated our cybersecurity training to better reflect how we work today and focused our training on specific roles.

We continued to raise awareness among Elisa employees by using the gamified HoxHunt phishing training platform. Due to our continuous training methods, Elisa employees are good at identifying and reporting phishing messages, outperforming a global control group in identifying malicious messages.

We also increased Elisa employees' and our partners' cyber awareness with our monthly Cyber Weather Newsletter, and by publishing a quarterly snapshot of Elisa's security events with the aid of stories and statistics. In addition, we offered tips on how to detect phishing.

Privacy protection

Privacy protection is a fundamental human right. In line with our human rights policy, we also use a high level of data protection in all our operations to protect the right to privacy in the digital environment as well.

Our goal is for all Elisa employees to complete annual data protection training; in 2021 we reached 75% of our target.

We consider data protection principles whenever we are processing personal data during our

operations. Our privacy policy principles describe our practices regarding processing personal data, such as the reasons for processing the data and the means we use, which we consider when developing new services, for example. We also ensure in various ways that our partners also meet our data protection requirements, including through agreements, audits and other mutually agreed ways. In addition, we provide our staff with regular data protection training. We also have Data Protection Ambassadors working in different parts of Elisa who can use their expertise to help ensure that privacy protection is implemented in the various functions.

Our customers can easily check what information about them we process. Elisa received more than 16,000 personal data inquiries in 2021.

In 2021, regulatory guidance and case law on data protection continued to change, both nationally and internationally. We also continued internationalising our own operations, working hard to ensure that any transfer of personal data is compliant and secure, both for our customers and in our own international operations.

We are offering our corporate and consumer customers a new data protection service (Elisa Identiteettisuoja) to protect their electronic identity. This also allows us to offer our employees and partners more user-friendly and secure ways to work virtually.

Fair and responsible use of information

Data is at the heart of Elisa's business. It is important for a company to understand its knowledge resources and know how to use them. At Elisa, we promote data democracy, which means that Elisa employees understand what kind of data we have, where to find it and how to manage it responsibly. Increasing the visibility of digital information and utilising standardised, rolebased workflows are essential parts of responsible data management.

Having high-quality data is one of the key enablers of our mission. A salesforce system implemented in Elisa's Corporate Customers unit has enabled better customer relationship and sales management. Among other things, the integrity, confidentiality and availability of data assist in speeding up troubleshooting during change and incident management processes. We also launched a training course for Elisa employees on data quality management.

To support data democracy and raise awareness among Elisa employees, we also published a data and analytics newsletter covering our new data strategy, among other matters. We updated ethical principles for artificial intelligence to cover as well data ethics.

Elisa's responsible handling of data received an honourable mention in an annual Finnish sustainability reporting assessment, which grants awards to the best sustainability reports in Finland.

Elisa's Ethical Data and AI Principles support data democracy and responsible data management

Read more about digital security at Elisa

Ethical use of artificial intelligence

Analytics, artificial intelligence, machine learning and robotics are important tools for making the most of data. We continued to develop our AI, machine learning and robotics processes and solutions. Robotic process automation is a key tool for enabling digitalisation at Elisa. With the aid of automation, we reached 7.5 million robotics transactions during the course of the year.

Together with Aalto University, we have developed Elisa Puhebotti for natural speech recognition in the Finnish language. Elisa Puhebotti utilises AI and the best Finnish-language recognition algorithm in the world to recognise natural language, which allows both speech and text to be understood. Elisa Puhebotti makes around 70% fewer errors than the next-best solution.

Technology aiding in healthcare

Retirements and the workloads of nursing staff are increasing the need for digitalisation in joint municipal authorities across Finland. Taking advantage of data improves the quality of home care services, which allows older people to remain in their own homes for longer.

Using sensors and data to monitor health facilitates more accurate forecasts. It also allows shorter reaction times and more independent living for home care clients. Healthcare professionals can save time utilising the digital tools.

Elisa's digital services for home care help ease staff shortages and reduce the carbon footprint.

Elisa Digihoiva enables several different functions (such as video calls, home sensors, wrist alarms, medicine reminders, remote metering and electric locks) to be used through a single interface.

The service allows motion data to be used in monitoring the health and activities of older people living in their own homes, and appointments can be scheduled according to the client's circadian rhythm. This frees up home care employees to see the most urgent clients in the morning and provides up-to-date situational awareness for both healthcare professionals and the relatives of older people. The service also helps involve the relatives in the healthcare service. By using Elisa Digihoiva and 25 tablet computers for remote visits, the town of Kaarina in southern Finland was able to reduce the amount of driving due to home care visits by 800 km per week.

Healthcare staff have given positive feedback about utilising digital services, and the services have been especially well received by the customers and their relatives: for example, the service has made it possible for relatives to have lunch with the (home care) customers.

Elisa's Digihoiva user club shares good practices with customers and aims to avoid stumbling blocks.

"The Elisa Digihoiva service has been found to be well suited for monitoring the wellbeing and safety of customers living at home."

Digi-HTA assessment report in cooperation with Suvanto Care

TARGETS AND PERFORMANCE IN 2021

Customer satisfaction in relation to NPS target

81%

Employee engagement score

95%

All elisians have completed Code of Conduct training

93%

Supply chain sustainability development

100% of procurement and corporate responsibility teams completed Elisa Code of Ethical purchase training.

SOCIAL SUSTAINABILITY

We advance a fair and digitally inclusive society

We respect human rights and follow our general operating principles when working with our partners to create a sustainable future.

Non-discrimination, equality, good management, wellbeing, and occupational health and safety are important themes for Elisa. We work every day to build a safe digital environment to ensure equal rights for all.

We are an important employer in our main market areas, Finland and Estonia. We directly and indirectly employ thousands of professionals all around the world as the result of internationalisation. We measure our success as an employer with employee satisfaction surveys. Our long term ambitious goal is to be among the top 5% of employers internationally. In 2021, our Engagement Score was 76 and we did not reach the target for 2021. We are systematically developing our operations based on feedback from the survey as our working environment changes.

When life calls, work is flexible

It is important for us that in the ever-changing working environment, all our employees feel that they are safe, heard, and treated fairly and respectfully. This requires good management and the development of training skills, as well as investments in working methods and the corporate culture. We have long been a trailblazer in flexible working, and it is a natural part of our working culture. Flexible ways of working that allow us to combine work and leisure more ecologically are normal for us.

Internationalisation and the ever-changing work and operating environments require continuous development of operations, and both the employer and employees must bear their responsibility for wellbeing at work. Trust, open interaction and jointly agreed, clear working principles and goals are at the core of operations that support wellbeing and flexibility of the organisation.

Promoting equality in working life is all about action

We annually assess how well we are achieving our non-discrimination and equality targets as part of our employee satisfaction survey. In 2021, the score was 90 , which was 2 scores higher than the target Top 5% Global benchmark.

Over the course of the year, we took the steps described below to promote an equal working culture. We introduced gender-neutral job titles. To promote careers opportunities for women, we set a target of increasing the proportion of women in supervisory positions in Finland. We developed our recruitment practices to make them more equitable. People of different genders must be interviewed for each supervisory position. We also introduced a tool to help us make the language of our job advertisements and application forms more gender neutral.

We became a member of the Inklusiiv Community to help build a more equal society and working life, and to learn and further develop our operations. We decided to join in and support Women4Cyber Finland in 2022. This non-profit foundation aims to promote, encourage and support the participation of women in cyber security. With other teleoperators, we participated in Pride, Finland's largest annual human rights and culture event, to celebrate human rights and all the colours of the rainbow.

The Equality Working Group convened four times in 2021.

Our flexible working model allows people to balance work and free time, as well as to work in a more environmentally friendly way.

valuable feedback from stakeholders in each region We systematically collect to improve our operations. customer feedback and develop our services in cooperation with our customers.

Digital inclusivity and equality at the customer interface

Through our services, we encounter millions of corporate and consumer customers every year, either physically or virtually. One of our key objectives is to make every one of these encounters a genuine and effortless one, conducted safely and securely, respecting the customer's privacy. This is also how we promote equality and ensure nondiscrimination.

We measure the success of our customer encounters with using NPS surveys. It is important for us to ensure that every customer encounter is easy and safe for the customer. Our result compared to our target was 81%. In addition to NPS, we regularly collect feedback on our performance through a variety of other customer satisfaction surveys to improve our operations. In Finland, we use regional councils, through which we receive

Security and ease of use

Successful customer interaction and secure services that are easy to use are key issues when developing the Elisa customer experience. In 2021, we continued our work to promote the ease and accessibility of services. Other key development areas for the year included improving the performance and reliability of Elisa's network, privacy-enhancing services and improved customer service practices. In the corporate customer sales model, we introduced a feedback model that further improves the possibility to offer feedback.

In Finland, we have targeted measures to improve the accessibility and availability of our services. We developed our operational model e.g. by providing free-of-charge Digi-support and by investing in the Omaguru service. With the Finnish Centre for Easy Language, we organised training on simplified language for all of our employees. We promoted accessibility of our digital services through targeted trainings for our service development experts and accessibility assessments in more than ten Elisa services. We made an accessibility statement e.g. for the Elisa Ring mobile applications.

We continued piloting accessibility. In 2020 we published Sustainability Report as an audiobook and 2021 report is also available as an easy-to-read version in Elisa Kirja service.

Read more about accessibility at Elisa

Responsible supply chain

Our goal is to continuously improve our operations with the parties active in our supply chain to ensure that our supply chain is ethically and environmentally sustainable.

In 2021, we paid EUR 936 million in fees to our suppliers and subcontractors.

Our responsible sourcing working group coordinates the promotion of sustainability and sustainable development measures. These development measures focus, in particular, on the supply chain for equipment and products. The working group met four times during the year.

We performed a total of 71 sustainability audits, which did not lead to any partners being rejected. During the audits, we identified a variety of deficiencies to be corrected, involving topics such as occupational health and safety, the environment and working hours. For these, development measures will be monitored in line with the JAC model.

During the year, we renewed our ethical sourcing practices and principles. All of Elisa's sourcing employees and responsibility team members completed a new online training course on ethical sourcing principles. We initiated a targeted survey about forced labour and discrimination in our supply chain. We partnered with Lenovo to reduce emissions from terminal equipment purchased for Elisa employees, and we started to use Lenovo's CO2 offset workstations. We updated our internal instructions on the chemical safety of products in line with the REACH requirements and organised training as well as communicated about instructions for business managers in Finland.

We reformed our company car policy and our car fleet, and we made emissions limits for leased cars stricter. Fully electric cars are used in all 5G service installations for Elisa's customers.

Read more about the responsible management of sourcing and Elisa's ethical sourcing principles

Sustainability is all about action. Elisa and its employees have been Red Nose Day partners for ten years for the benefit of children.

Sponsorship and charity

Participating in social dialogue is important for Elisa. We are engaged in persistent work towards the wellbeing of young people, in particular.

For four years, our ShedHelsinki Foundation has supported varied work to support children and young people, especially those with special needs. ShedHelsinki works with communities and partners that support children and young people in the creative performing arts, producing music theatre, events and activities such as musicals.

ShedHelsinki's musical in 2021 was A Christmas Carol. We also arranged the first ever ShedHelsinki Writing Club, where "old" ShedHelsinki members had the opportunity to write monologues in a writing workshop. You can view the recorded stories here.

More than 2,000 children have already studied the wonders of the digital world and learned the basics of programming in Elisa's digital schools. Due to the restrictions in 2021, we were unable to arrange any physical classes, but we developed the concept further.

In December, we arranged the first ever online safety school for children in Rovaniemi, hosted by popular social media influencer Inari Fernández. The online safety school takes a closer look at the growing importance of online safety in children's everyday lives. We continued our collaboration with the Queen Silvia Nursing Award. The partnership involves a scholarship awarded to a student nurse or practical nurse who has come up with a good idea to improve nursing, especially care for patients with memory problems.

TARGETS AND PERFORMANCE IN 2021

Elisa's medium-term financial targets

elisa.com/investors

Financial effects 2021 (2020), EUR million

ECONOMIC SUSTAINABILITY

We intensify innovation and drive sustainable value creation

By operating responsibly and profitably, we create value for Finnish and Estonian society. Promoting sustainability requires continuous innovation.

Our long-term strategy also aims to enable sustainable business for our stakeholders in the future.

Elisa's strong financial performance continued in 2021, and our competitiveness creates sustainable value for our stakeholders and society as a whole.

A significant part of Elisa's revenue is channelled back to society. Investments, jobs, taxes paid, dividends paid to our owners and payments to our partners all contribute to economic prosperity.

Elisa has plenty of experience of developing successful and sustainable services and digital society in cooperation with start-ups and universities.

Information in accordance with the EU Taxonomy Regulation

Elisa's business and digitalisation solutions significantly contribute to sustainability and environmentally friendly operations for customers and society. Elisa is a trailblazer in environmental work within the telecommunications industry: a carbon-neutral company with business operations promoting achievement of the UN Sustainable Development Goals. Elisa's Sustainability Finance Framework supports our sustainability goals and investments.

The European Union's sustainable finance package includes a new regulation on sustainability-related disclosures in the financial services sector (EU 2019/2088), which requires financial market participants to assess and provide information on the sustainability of their investment products. The Taxonomy Regulation (EU 2020/852) aims to define harmonised and scientifically based assessment criteria for environmentally sustainable economic activities.

The classification system will be further developed in the future and as of now, the telecommunications operator sector has not yet been included in the EU Taxonomy. At this stage, the share of economic activities covered by the classification scheme in Elisa's revenue,

capital expenditure investments and operating expenses is, therefore, limited.

In accordance with the Taxonomy Regulation, we have identified and defined, and we report, the indicators for Elisa's economic activities covered by the current classification. Through a comprehensive company-wide assesment of all Elisa business activities and NACE codes, the following activities have been identified as eligible: data centre services, entertainment services, IoT solutions for industry and network performance, as well as remote conferencing services. The related criteria are specified in the following functions of the rating system 8. Information and communication, in subsections 8.1. Data processing, hosting and related activities, 8.2. Datadriven solutions for GHG emissions reductions, and 8.3. Programming and broadcasting activities.

The definition of the indicators has been carried out in accordance with the guidelines for definitions and calculations included in Annexes 1 and 2 to Delegated Regulations (EU) 2021/4987 and 2021/2800. Revenue, capital expenditure investments and operating expenses are based on Elisa's financial statements for 2021. Double counting has been avoided by classifying external revenue streams into taxonomy activities only once. The calculations and results have been assured by a third party.

We invest in developing a digital society.

Elisa's EU taxonomy eligible economic activities and KPIs

Economic activities Absolute turnover (EUR million) Proportion of turnover (%)
Taxonomy eligible activities 284.2 14.2
Taxonomy non -eligible activities 1,713.7 85.8
Total 1,997.9 100.0
Absolute CAPEX (EUR million) Proportion of CAPEX (%)
Taxonomy eligible economic activities 23.2 8.6
Taxonomy non – eligible economic activities 246.5 91.4
Total 269.7 100.0
Absolute OPEX (EUR million) Proportion of OPEX (%)
Taxonomy eligible activities 8.3 7.3
Taxonomy non-eligible activities 105.3 92.7
Total 113.6 100.0

We have begun preparations for next year's reporting and are familiar with the compliance requirements of the current EU Taxonomy Regulation. We will monitor any changes to the regulation and any new guidance from the EU that may have an impact on the reported indicators. Our estimate is that the shares of aligned turnover, fixed assets and operating expenses in the EU rating system will be lower.

Investments to promote digitalisation

We are the largest operator investor in Finland. Every year, we invest some 12% of our revenue in networks and services in our main market areas, Finland and Estonia. With these continuous investments, we are building and maintaining comprehensive fixed and mobile networks, and we can introduce the latest technologies to meet the needs of our digitalising society.

In 2021, our capital expenditure investments totalled EUR 265 million, targeted at the development of networks, IT systems and customer terminal devices. We also invest in digital services in Finland and abroad.

Sustainability-based financing boosts sustainable growth

The focus on sustainability is also reflected in Elisa's financing. In 2021, Elisa signed its first EUR 130 million loan facility linked to sustainability targets. At the beginning of 2022, we launched our Sustainability Finance Framework, which covers Elisa's climate goals, as well as digital and social sustainability.

Funding linked to sustainability objectives will help us accelerate sustainable growth and is linked to performance in the key sustainability objectives.

Elisa's Sustainability Finance Framework and its independent assessment are available on the investor website.

Patented innovations

For the second year in a row, Elisa was one of the top patent applicants in Finland. Patentable inventions are typically created in connection with the development of Elisa's products and services.

Elisa's strategy is to commoditise software products based on innovations created in the development of its own operations for sale on the international market, including to other operators.

Patents and other intellectual property rights that protect innovations are even more important in new business functions. They support the transformation of innovation into business.

Elisa has 265 patents and pending patents, largely related to the development, maintenance and monitoring of networks and services, as well as automated verification of availability and troubleshooting.

The protection of technologies such as AI, machine learning and reducing the carbon footprint was strengthened.

In 2021, we filed 40 new patent applications.

Value for society in the form of tax revenue

Elisa is committed to responsible and efficient operations. By paying taxes and other public levies, we participate in the development of society in all our operating countries.

Elisa's tax principles are based on legislation, and we pay taxes in accordance with local tax laws and regulations. We pay direct and indirect taxes in compliance with all laws and regulations in all our operating countries. Elisa aims for results taxation performed in one country only.

In addition to corporation tax, Elisa's tax footprint consists of value added tax, withholding tax, tax paid at source, statutory social security contributions and other taxes, as well as other tax-like payments. The tax data of the Elisa Group companies can be found in the ESG data of this sustainability report.

One of the largest corporate taxpayers in Finland

Elisa's main market areas are Finland and Estonia. In Finland, Elisa is the third largest corporate taxpayer, and we pay 77% of all the corporation tax paid by telecom operators (confirmed tax data for 2020). The taxes paid and accounted for by us in 2021 totalled EUR 531 million. Elisa's performance has a nationwide impact. Almost half the corporation tax goes to 37 different municipalities, and we are a significant payer of corporation tax in many locations.

In Estonia, which is part of our main market area, companies only pay corporation tax if they pay dividends to their owners. Elisa's subsidiaries in Estonia have not paid any dividends to the parent company.

Elisa is expanding internationally and now operates in 21 countries, where it pays taxes in line with local legislation.

Compliance with tax obligations

Elisa's tax principles are supported by internal guidelines and controls. Elisa's tax affairs are handled by the company's finance unit. Elisa's risk management process also includes a tax assessment. Elisa cooperates transparently with the tax authorities and other key stakeholders. Elisa uses an anonymous whistleblowing channel through which stakeholders can report activities that violate Elisa's Code of Conduct.

Elisa's tax data by country of operation, ESG data, p.69

"Through start-up cooperation, we were able to improve the remote-control system for Kalmar cranes, for example. We combined 3D video technology from the Korean company Mopic Labs with Elisa's 5G network to remotely control cranes using live 3D video without any VR glasses."

Laura Puusaari, Head of Startups, Elisa

An important producer of cultural content

Elisa is one of Finland's most important producers of domestic TV series and drama films. We have launched more than 25 original series that have been sold to over 50 countries and have received international awards. In 2021, our calculated cultural footprint amounted to EUR 40 million (including direct content purchases, mainly from Finnish parties, and payments to producers, authors and copyright organisations). Elisa offers the Elisa Viihde Viaplay streaming service in cooperation with Nordic Entertainment Group.

Elisa is also a major eSports producer and organiser of international tournaments. Gaming brings young people together around a shared interest. We monitor and encourage equal and respectful behaviour in our services.

Cooperation with start-ups

Elisa has an international network of more than 2,000 startups that are highly satisfied with their cooperation with us (with NPS of 67). We have codeveloped a total of more than 40 innovations with these startups.

In 2021, we realised nine innovations to enable a sustainable future. We develop all new solutions with our customers, ensuring that they will have value and sustainable relevance in the daily lives of consumers and organisations.

In 2021, most of the innovations developed with startups utilised Elisa's extensive 5G network. For our corporate customers, we worked with the Finnish start-up Vertical Hobby to develop an automated drone flight service for parcel deliveries and a remote-controlled 5G drone for indoor use to improve the safety of emergency services and the inspection of building exteriors.

In the consumer business, we launched a popular mobile app in Finland enabling social media content from Swedish start-up Frever. With 5G, the app offers consumers a new way to produce animated videos on their phones and share them on their social media channels.

This year, we also realised three sustainable future startup accelerators with five of our customers. Fazer, Helen, Helsinki University Hospital, Kalmar and the Finnish Broadcasting Company (Yle) worked with us to design and develop solutions for the future. In our accelerator programmes, we have combined Elisa's 5G services with the needs of our partner companies to create innovations with startups.

Get to know Elisa's startup activities

Research cooperation

In 2021, we started working with new academic partners and continued our existing collaboration with the Finnish Center for Artificial Intelligence (FCAI). The goal of the research cooperation is to learn about the latest technology and business model trends, and to enable cutting-edge technologies that can be used to build the latest products and services for our customers.

In 2021, we launched new collaborative projects with the University of Helsinki and the University of Southern California in key areas such as AI, big data and cybersecurity.

We also used high-quality research to improve the quality of our cutting-edge automatic speech recognition solutions, which are widely appreciated by our corporate customers. In addition, the results of the research cooperation with the FCAI will be used to automate the prediction of alarms in cable TV networks and computer workstations, enabling AI-based predictive maintenance for our equipment and networks.

As the next step, we aim to significantly improve the quality of our customer experience solutions with an AI-based chatbot that is being researched and developed in collaboration with the FCAI.

In addition, every year, we support through the HPY Research Foundation scientific research, teaching and development work in telecommunications technology, telecommunications and data communications. By 2021, the Foundation had granted more than EUR 1.1 million in scholarships, mainly to postgraduate researchers at various universities. The library of the HPY Research Foundation consists of 132 dissertations and theses.

Innovation is an essential part of Elisa's business, which we use to create sustainable services for digital society, both in Finland and internationally.

TARGETS AND PERFORMANCE IN 2021

CO2-emission savings

95%

Science Based Target (SBTi) (T1)

100%

ENVIRONMENTAL SUSTAINABILITY

We enable our customers to become more resource efficient

Our environmental sustainability work focuses on the climate and is aligned with the target of 1.5 degrees agreed at the UN Paris Climate Change Conference, in line with the requirements of the Science Based Targets initiative.

Elisa is already carbon neutral in its own operations. We pay attention to the emissions in our supply chain, and we want to help our customers reduce their own carbon footprint.

Climate change and resource scarcity are causing a variety of crises worldwide, leading to inequalities and loss of biodiversity. Elisa can best make a difference by promoting energy and material efficiency.

Our environmental sustainability is in line with UN Sustainable Development Goal 13, which is to urgently tackle climate change and its impact. We also believe that it is important to ensure responsible consumption and production. Elisa also supports the precautionary principle of the UN Global Compact, various initiatives to promote sustainability, and environmentally friendly technologies.

We enable resource efficiency for our customers

ENERGY EFFICIENCY

We assist our customers in reducing their energy consumption.

We use waste heat from our data centres in the district heating network.

We are continuously improving the energy efficiency of our communications networks.

We use renewable energy: 100% renewable electricity (FI, EE), 100% renewable district cooling (FI).

MATERIAL EFFICIENCY

We securely recycle devices.

We reuse up-to-date network hardware.

We extend the service life of phones by repairing and refurbishing them.

We offer our customers products as a service in line with the circular economy model.

We are engaged in ongoing climate work related to our own activities

Climate change is part of risk management

Through strategic foresight and scenario work, we can increase our understanding of the risks of climate change and better prepare for them at the same time. Climate risk assessment is part of Elisa's three-tier risk management process, which aims to manage the level of risk by accepting, mitigating or avoiding different types of risks. The word "footprint" describes the actual negative impact of a company. The bigger the footprint, the greater the risks.

Elisa prepares an annual CDP report on the risks created by climate change in our operations. The CDP report also complies with the best practices of the Task Force on Climate-Related Financial Disclosures (TCFD), and we publish a separate TCFD report as well.

Elisa's 2021 TCFD report

Our energy efficiency work continues

The district cooling we use in Finland and the electricity we buy in Finland and Estonia come from renewable sources only.

Through our energy choices and continuous efficiency improvements, we have been able to reduce our carbon footprint by 77% since 2016. We are expanding the tools we have identified and are piloting ways to further reduce our energy consumption and its impact.

Elisa participates in the Finnish Voluntary Energy Efficiency Agreements, in which we report the impact of these actions.

Only a highly limited part of Elisa's business is covered by the current EU classification system for sustainable investments, such as data centre services, entertainment services, IoT solutions for industry and network performance, and remote conferencing services. The classification system does not cover Elisa's carbon-neutral network business and the services we provide based on that business, which will play an important role in building a sustainable society. For example, they assist our customers to reduce their own environmental impact by avoiding travel or extending the lifetimes of their hardware. According to the Enablement Effect report from the GSM Association, the handprint of our services can be ten times the footprint they create. More detailed indicators and definitions can be found in the financial sustainability section of Elisa's sustainability report.

We have built a carbon-negative data centre

We use the waste heat from our large data centres in the district heating network. Our data centre in Tapiola has been involved in the production of district heating in Espoo for a decade. Our heat recovery solution also reduces carbon emissions.

Between 1 January and 31 December 2021, our data centre in Säteri was carbon negative, meaning it reduced more carbon emissions than it produced, while generating revenue from the sales of energy. The district cooling we use in our data centres is 100% renewable. We are also continuously implementing other energy efficiency measures at our data centres and all of our corresponding technical telecommunications facilities.

Energy efficiency of our mobile network

As early as 2009, Elisa introduced the unlimited data business model, which has contributed to the development of the Finnish information society and more sustainable digital solutions. Finns are among the biggest users of data in the world.

Using 5G enables the transfer of larger volumes of data over mobile networks. Although modern 5G technology is much more energy efficient than previous network generations, the increase in data volumes will increase the consumption of electricity.

Since 2016, we have improved the energy efficiency of our Finnish mobile network by 68%. We will continue to improve our energy efficiency by rolling back 3G technology and further optimising 5G, for example.

We reduce the climate impact of our supply chain by promoting the circular economy

Reusing network equipment

Elisa's network operations have an environmental impact not only due to the consumption of energy, but also due to the manufacture of the required hardware. We engage in dialogue with stakeholders in the supply chain and take the environmental impact into account in our sourcing decisions.

We reduce the volume of waste electrical and electronic equipment (WEEE) through reuse and recycling. In this way, we have been able to reduce costs in our mobile networks while reducing emissions from the manufacture of similar new hardware through reuse.

"Luurit looppiin" recycling initiative

The environmental impact caused by the devices we sell to our customers during the lifecycle of the devices is unavoidable. Manufacturers must increasingly reduce emissions from the manufacture, transport, use and recycling of devices.

Elisa reduces the environmental impact of devices sold to customers by repairing, refurbishing and selling phones for reuse and promoting recycling, for example. In 2021, we launched our "Luurit looppiin" ("Phone Loop") initiative to raise awareness of the benefits of recycling and make it as easy as possible to recycle old phones.

To raise awareness of the circular economy, we worked with the well-known Finnish social media influencer Julia Thurén, for example. The blog posts she has written are also available on Elisa's circular economy website (in Finnish only).

"My blog and social media collaboration with Elisa has been enormously rewarding. Each Elisa partnership has received a lot of attention through my channels, and I have received hundreds of private messages from followers who are interested in recycling their phones. Consumers seem to be genuinely excited about the Luurit looppiin campaign, and the best thing is that they now associate recycling phones with Elisa. The campaign came at just the right time, because it seems everyone is talking about recycling electronics and sustainability."

Julia Thurén from the blog Juliaihminen

We assist our customers to reduce their own climate impact

We identify risks as opportunities

By accelerating innovation, we can help our customers and other stakeholders to address their own challenges in different areas of sustainability. We call this Elisa's handprint, meaning that it describes the emissions that can be avoided compared to the old way of doing things, for example. Prioritising these opportunities is part of Elisa's strategy process.

Our handprint in energy efficiency

Electricity consumption forms a major part of the environmental footprint of digitalisation. Elisa has extensive expertise in improving energy efficiency, and we can offer our customers sustainable digital services.

The GSM Association has reported that energy consumption typically accounts for 20–40% of the running costs of an operator's network and the radio access network for almost 60% of these costs. Elisa has developed a machine learning solution – Intelligent Energy Saver – which reduces this energy consumption by 14%, and therefore also reduces emissions.

Elisa Polystar solutions

Most companies' carbon emissions often originate in the supply chain

We have been working for more than a decade to minimise our own carbon footprint, and our next step will be to focus increasingly on the carbon emissions from our supply chain. A total of 99% of our carbon emissions are Scope 3 emissions. That is why working with our supply chain is important. Elisa is involved in organisations such as the Joint Audit Cooperationand the GSM Association. In this way, we can work with others to ensure that companies in our supply chain commit to Science Based targets and accelerate their climate action, for example.

Our handprint in material efficiency

Alongside climate change, the sufficiency of resources in a linear economy is a growing challenge for businesses. Circular economy business models offer solutions for increasing material efficiency. Elisa has several solutions that support the circular economy.

As a service provider, we reduce our environmental impact by actions such as offering hardware as a service to businesses, providing repair services, refurbishing and reselling phones, and securely recycling devices at the end of their service life.

We aim to reduce the amount of waste generated by maintaining, repairing, refurbishing, reusing and finally recycling hardware. We also offer these services to our customers, alongside circular economy business models such as products as a service. For example, an Elisa Viihde Premium digital receiver is offered to the customer as part

of our entertainment service.

Elisa employees can use Lenovo's carbon offset computers, and we also offer them to our corporate customers.

Elisa's international businesses offer excellent opportunities to improve material efficiency in production chains, which will increase Elisa's environmental handprint.

Climate work by Elisa employees

Every day, we each make several decisions that have a direct or indirect impact on sustainability. Elisa's mission gives our employees a strong mandate to make responsible choices.

We take environmental sustainability into account in our sourcing agreements and real estate operations, as well as in the food waste from our staff restaurants, for example. Especially in Elisa's Production unit, there are significant opportunities to influence energy efficiency, for example through continuous development of our data centres and mobile network, as well as the procurement of renewable energy. We have raised awareness of sustainable service design (eco design) by launching internal trainings and engaging in stakeholder dialogue.

In 2021, Elisa employees actively participated in webinars on environmental issues and commented on an analysis of a commuting survey published on the intranet, for example.

External recognition for our climate work

We respond to our stakeholders' expectations by transparently reporting on the progress of our environmental sustainability. We engage in dialogue on environmental responsibility reporting with various institutions every year.

The Financial Times listed the 300 European companies that have reduced their climate emissions most between 2014 and 2019. Elisa was the highest-ranked Finnish company, coming ninth in the Europe's Climate Leaders 2021 list.

Climate work with stakeholders

Our customers are increasingly asking for more information on climate impact, which is a great opportunity to engage in a dialogue on the sustainability challenges they face and to understand our carbon handprint potential in different cases.

In cooperation with the City of Helsinki and the WWF, we continued to raise awareness of local biodiversity by developing high-quality live streaming solutions at natural sites, using our 5G network.

"We act as eElisa tutors alongside our own work, and we are particularly interested in sustainable development themes. In 2021, we were closely involved in the development of the Luurit looppiin phone recycling process, brainstorming and experimenting with different ways to recycle phones with our customers."

eElisa tutors Anna-Kaisa Tolvanen, Minna Jokela, Kaisa Niemelä and Youssef Oudrhiri

Our journey continues after carbon neutrality

Reducing carbon emissions has been part of our strategy since 2009, and in 2018, we set climate targets under the Science Based Targets initiative in line with the Paris Agreement. In 2020, Elisa was the first Nordic operator to become carbon neutral in its own operations. We achieved this by implementing energy reduction measures and through certified carbon offsetting.

Our aim is to further reduce the need for offsetting by continuing with our work on resource efficiency. Next, we will continue by focusing on non-core emissions throughout our supply chain. We will also measure how our carbon handprint can assist customers to reduce their own footprints.

In 2021, Elisa committed to the Call on Carbon initiative of the Climate Leadership Coalition (CLC) and the European Climate Pact initiative of the CDP and was a partner in the UN Global Compact Network Finland Climate Ambition Accelerator programme. Our commitment to the net zero carbon emissions target of the Climate Pledge means that emissions from the manufacture of hardware or use of services will have a net zero impact by 2040. We have identified the areas of our economic activities that fall under the scope of the EU classification system, and we report them in the financial sustainability section.

Carbon accounting principles in Elisa's climate work, Elisa's environmental management system and policy Management of Elisa's compensation portfolio

We develop our compensation portfolio

Our offsetting follows a hierarchy of emission reductions, in which the primary means is always to identify and minimise our own emissions. As we realise our offsetting responsibly in this manner, our actions have actual climate benefits.

We have identified the climate impact of our operations and have been systematically realising energy measures based on the climate impact since 2009.

We will continue to offset direct (Scope 1) and indirect (Scope 2) energy emissions from our own operations, as well as emissions from business travel, commuting and waste (Scope 3), as one of the ways to maintain carbon neutrality. We utilise the projects in our portfolio for all our climate offsets.

For our offset portfolio, we select high-quality projects that reduce carbon emissions and promote sustainable development. Half the projects are currently Gold Standard-certified, and all have been verified as in line with the sustainable development goals.

Our offset portfolio is also used in the responsible Elisa Rehti 5G subscription, which supports Elisa's customers in reducing their own carbon footprint by offsetting emissions during their phone's life cycle with a monthly climate project credit. To our knowledge, this is the first subscription of its kind in the world.

Updated sustainability targets 2022 onwards

Impact to society Sustainable operations
DIGITAL Number of cyber security
exercises with large corporate
customers and authorities
2024
Cyber
Security
Index
2024
SOCIAL Elisa's high-speed connection
availability
to
all
Finnish
households
2025
Share of women supervisors
2024
ECONOMIC Continuous
profit
growth
in
accordance with medium term
targets
2020-2023
Development of patent portfolio
2024
ENVIRONMENTAL Carbon
handprint
improvement
2024
Improvement in network energy
efficiency
2024

Independent Assurance Report to the Management of Elisa Corporation

This document is an English translation of the Finnish report

We have been engaged by the Management of Elisa Corporation (hereafter "Elisa") to provide limited assurance on corporate responsibility indicators presented in the Responsibility section of Elisa's Annual Report 2021 (hereafter "Corporate Responsibility Information") for the year ended 31 Dec 2021.

Management's responsibilities

The Management of Elisa is responsible for the preparation and presentation of the Corporate Responsibility Information in accordance with the reporting criteria, i.e. GRI Sustainability Reporting Standards and SASB Telecommunication Services Sustainability Accounting Standard version 2018-10, and the information and assertions contained within it. In addition, the Management of Elisa is responsible for the preparation and presentation of the Corporate Responsibility Information in accordance with the EU Taxonomy reporting criteria, i.e. Regulation EU2020/852 and its delegated acts as well as the company's own reporting methodology on the topic. The Management is also responsible for determining Elisa's objectives with regard to sustainable development performance and reporting, including the identification of stakeholders and material issues, and for establishing and maintaining appropriate performance management and internal control systems from which the reported performance information is derived.

Our responsibilities

Our responsibility is to carry out a limited assurance engagement and to express a conclusion based on the work performed. We conducted our assurance engagement on the Corporate Responsibility Information in accordance with International Standard on Assurance Engagements (ISAE) 3000 (Revised), Assurance Engagements other than Audits or Reviews of Historical Financial Information, issued by the International Auditing and Assurance Standards Board IAASB. That Standard requires that we plan and perform the engagement to obtain limited assurance about whether the Corporate Responsibility Information is free from material misstatement.

KPMG Oy Ab applies International Standard on Quality Control ISQC 1 and accordingly maintains a comprehensive system of quality control including documented policies and procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements.

We have complied with the independence and other ethical requirements of the Code of Ethics for Professional Accountants issued by the International Ethics Standards Board for Accountants IESBA, which is founded on fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behavior.

Procedures performed

A limited assurance engagement on Corporate Responsibility Information consists of making inquiries, primarily of persons responsible for the preparation of information presented in the Corporate Responsibility Information, and applying analytical and other evidence gathering procedures, as appropriate. In the engagement, we have performed the following procedures, among others:

  • Interviewed the members of Elisa's senior management and relevant staff responsible for providing the Corporate Responsibility Information;
  • Assessed the application of the GRI Sustainability Reporting Standards and SASB Telecommunication Services Sustainability Accounting Standard version 2018-10 reporting principles and that of Regulation EU2020/852 and related EU Taxonomy criteria (see above) in the presentation of the Corporate Responsibility Information;
  • Assessed data management processes, information systems and working methods used to gather and consolidate the Corporate Responsibility Information;
  • Reviewed the presented Corporate Responsibility Information and assessed its quality and reporting boundary definitions;
  • Assessed the Corporate Responsibility Information's data accuracy and completeness through a review of the original documents and systems on a sample basis and;

• Conducted a site session to review the Corporate Responsibility Information on one of Elisa's sites.

The procedures performed in a limited assurance engagement vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement. Consequently, the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed.

Inherent limitations

Inherent limitations exist in all assurance engagements due to the selective testing of the information being examined. Therefore fraud, error or non-compliance may occur and not be detected. Additionally, non-financial data may be subject to more inherent limitations than financial data, given both its nature and the methods used for determining, calculating and estimating such data.

Conclusion

Our conclusion has been formed on the basis of, and is subject to, the matters outlined in this report.

We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusions.

Based on the procedures performed and the evidence obtained, as described above, nothing has come to our attention that causes us to believe that the information subject to the assurance engagement is not prepared, in all material respects, in accordance with the GRI Sustainability Reporting Standards, SASB Telecommunication Services Sustainability Accounting Standard version 2018-10, and Regulation EU2020/852 and its delegated acts.

Helsinki, 14 March 2022 KPMG Oy Ab

Toni Aaltonen Tomas Otterström APA Partner, Advisory

Signatures to the Elisa sustainability and non-financial report

Helsinki, 8 March 2022

Anssi Vanjoki, Chair of the Board Clarisse Berggårdh Kim Ignatius Eva-Lotta Sjöstedt Veli-Matti Mattila, CEO Seija Turunen Maher Chebbo Antti Vasara

Topi Manner

balcompact.org/

goals

(GRI, SASB, Elisa own) ESG index GRI = Global Reporting Initiative (reporting framework)
SASB = Sustainability Accounting Standard Board
(reporting framework)
Abbreviations:
ESG = Environment, Social, Governance
(reference to standards and frameworks);
EW = Elisa corporate web page;
EWI = Elisa Investor web pag ;
EWG = Elisa Governance web page;
EWS = Elisa Sustainability web page;
CGR = Corporate Governance report 2021;
CRR = Corporate Remuneration report 2021;
AR = Annual review 2021;
SR = Sustainability report 2021
ESG
framework
Description Response or comment UN Global
Compact
UN Sustainable
Development
Goals
Omission
https://www.unglo https://sdgs.un.org/

GRI 102: GENERAL DISCLOSURES (GRI 102, 2016 standard) - Scope: Elisa Corporation

1. Organizational Profile
102-1 Name of the organization EWG - Articles of Association. X
102-2 Activities,
brands,
products,
and
services
EW - Elisa in brief.
Elisa
Brands:
Elisa,
Elisa
Saunalahti,
Elisa
Viihde,
Elisa
Teleteenused,
Elisa
Santa
Monica,
Elisa
Polystar,
Elisa
IndustrIQ,
Elisa
Videra.
X
102-3 Location
of
headquarters
EWI - Basic information on the Group. X
102-4 Number
of
countries
where
the
organization
operates,
and
the
names
of
countries
where
it
has
significant
ope
rations and/or that are relevant to the topics covered in
the report
AR, p.17-18. X
102-5 Ownership
and
legal
form
EWI - Shareholder structure. X
102-6 Markets served AR, p.4, 17-18; Financial statements 2021. X
102-7 Scale of the organization AR - Financial statements 2021.
102-8 Number
of
Employees
by
Employment
Contract,
Time
Type,
Region
and
Gender
GRI
data.
X UN
SDG
10.
102-9 Supply chain EW - Suppliers, Sustainable supply chain;
EWS - Responsible procurement and partnerships; X
SR
-
Responsible
supply
chain,
p.20.
102-10 Significant
changes
to
the
organization's
size,
structure,
ownership,
or
supply
chain
AR - Financial statements 2021.
102-11 Precautionary
principle
or
approach
addressed
by
the
organisation
EWG - Risk management;
CGR - III Descriptions of internal control procedures and main
features of risk management systems, p.15.
X
Description Response or comment UN Global
Compact
UN Sustainable
Development
Goals
Omission
External initiatives EWS - Policies and guidelines;
EWS - Indices and commitments.
Membership of associations EWS - Stakeholder dialogue.
Statement from senior decision-maker AR, p.6. X
Key
impacts,
risks,
and
opportunities
EW - Risk management;
CGR - III Descriptions of internal control procedures and main
features of risk management systems, p.15.;
X
SR,
p.6.;
GRI
data.
3. Ethics and Integrity
Values,
principles,
standards,
and
norms
of
behavior
EWS - Ethics and compliance/Code of conduct. X UN
SDG
16.
Mechanisms for advice and concerns about ethics EWS - Ethics and compliance/Code of conduct; UN
SDG
16.
EWS - Whistleblowing.
4. Governance
Governance structure EWG - Governance structure;
EWG - Charter and commitees; X
CGR - Board committees, p.3.- p.9.
Delegating authority EWS - Management and KPIs;
SR
-
Good
governance
p.5.
Executive-level
responsibility
for
economic,
environmen
CGR - Elisa's governance structure, p.3.;
EWG - Governance; X
SR
-
Good
governance
p.5.
Consulting
stakeholders
on
economic,
environmental,
EWS - Social responsibility/Diverse customers;
EWS - Materiality; X UN
SDG
16.
SR,
p.7.
tal,
and
social
topics
and social topics
X
X
ESG
framework
Description Response or comment UN Global
Compact
UN Sustainable
Development
Goals
Omission
102-22 Composition
of
the
highest
governance
body
and
its
EWG - Governance;
committees CGR - Elisa's governance structure, p.3. X UN SDG 10
102-23 Chair
of
the
highest
governance
body
EWG - Governance;
CGR - Elisa's governance structure, p.3. X UN
SDG
16.
102-24 Nominating and selecting the highest governance body EWG -Appointment and diversity principles for Board members. X UN
SDG
16.
102-25 Conflicts
of
interest
EWG - Governance/Insider and related party policy ;
/Transactions of managers;
/Management holdings;
X UN
SDG
16.
CGR - Independence of Board members, p.9.
102-26 Role
of
highest
governance
body
in
setting
purpose,
CGR - Charter of the Board of Directors, p.5.;
values,
and
strategy
SR
-
Good
governance
p.5.
X
102-27 Collective
knowledge
of
highest
governance
body
CGR - Governance structure, p.3; Charter of the Board of Directors,
p.5.
102-28 Evaluating the highest governance body's performance CGR - Governance structure, p.3; Charter of the Board of Directors,
p.5.
X
102-29 Identifying
and
managing
economic,
environmental,
and
social impacts
CGR - III Descriptions of internal control procedures and main
features of risk management system; Controls, Auditing, p.15.;
X UN
SDG
16.
SR,
p.6.
102-30 Effectiveness
of
risk
management
processes
CGR - III Descriptions of internal control procedures and main
features of risk management system; Controls, Auditing, p.15.;
EWG - Risk management; X
SR,
p.6.
102-31 Review
of
economic,
environmental,
and
social
topics
SR,
p.5.
X
102-32 Highest governance body's role in sustainability repor
ting
SR
-
Board
signatures,
p.36.
X
102-33 Communicating
critical
concerns
EWS – Whistleblowing. Reviewed as part of regular Compliance
report in Audit committee of Elisa's Board of Directors.
X
102-34 Nature and total number of critical concerns Elisa
received
53
potential
misconduct
notifications
via
its'
whistleblo
wing
channel.
As
a
result
of
investigated
notifications
training,
process
reviews,
communication
and
other
corrective
actions
were
taken.
102-35 Remuneration policies CRR;
EWG - Remuneration policy. X
ESG
framework
Description Response or comment UN Global
Compact
UN Sustainable
Development
Goals
Omission
102-36 Process
for
determining
remuneration
CRR;
EWG - Remuneration policy. X
102-37 Stakeholders' involvement in remuneration CRR;
EWG - Remuneration policy. X UN
SDG
16.
5. Stakeholder Engagement
102-40 List of stakeholder groups EWS - materiality and stakeholder dialogue X
102-41 Employees
Covered
by
Collective
Bargaining
Agree
ments
GRI
data.
X
102-42 Identifying and selecting stakeholders EWS - materiality and stakeholder dialogue X
102-43 Approach to stakeholder engagement EWS - materiality and stakeholder dialogue
SR,
p.7.
X
102-44 Key topics and concerns raised EWS - Materiality and Stakeholder dialogue; X
6. Reporting Practice
102-45 Entities
included
in
the
consolidated
financial
state
ments
SR
-
Description
of
the
report,
p.3.
102-46 Defining
report
content
and
topic
Boundaries
SR
-
Description
of
the
report,
p.3.
102-47 List of material topics EWS - Sustainability goals;
EWI - Sustainability Key Figures (2014 onwards);
EWS - Materiality;
GRI
data.
102-48 Restatements of information SR
-
Description
of
the
report,
p.3.
102-49 Changes
in
reporting
SR
-
Description
of
the
report,
p.3.
102-50 Reporting period SR
-
Description
of
the
report,
p.3.
102-51 Date of most recent report SR
-
Description
of
the
report,
p.3.
X
102-52 Reporting cycle SR
-
Description
of
the
report,
p.3.
X
ESG
framework
Description Response or comment UN Global
Compact
UN Sustainable
Development
Goals
Omission
102-53 Contact
point
for
questions
regarding
the
report
SR
-
Description
of
the
report,
p.3.
X
102-54 Claims
of
reporting
in
accordance
with
the
GRI
Stan
dards
SR
-
Description
of
the
report,
p.3.
X
102-55 GRI content index SR
-
Description
of
the
report,
p.3.
X
102-56 External assurance SR
-
Assurance
report,
p.35.
X

TOPIC SPECIFIC CONTENT- Scope: Elisa Corporation, unless otherwise stated

GRI 103: MANAGEMENT APPROACH (GRI 103, 2016 standard)
103-1 Explanation of the material topic and its Boundary EWS - Materiality and Stakeholder dialogue;
SR
-
Index,
p.36.,
Description
of
the
report,
p.3.
103-2; 103-3 The management approach and its components; Evaluation of the management approach
Indirect
economic
impacts,
DMA
(Disclosures
on
Mana
gement Approach)
EWS - Economic sustainability X
SR
-
Targets
and
performance,
p.10.;
Good
governance,
p.5.
-
p.10.
EW - Research and development;
Tax,
DMA
SR,
p.24.
EWS - Economic sustainability.
Energy,
DMA
EWS - Environmental sustainability;
SR
-
Targets
and
performance,
p.10.
Water
and
effluents,
DMA
EWS - Environmental sustainability/Environmental Management
System
Emissions,
DMA
EWS - Environmental sustainability;
SR
-
Targets
and
performance,
p.10.
Waste,
DMA
EWS - Environmental sustainability/Environmental Management
System.
SR
-
Targets
and
performance,
p.10.
Products
and
services,
DMA
EWS - Environmental sustainability;
SR
-
Targets
and
performance,
p.10.
Compliance,
DMA
EWS - Code of Conduct.
ESG
framework
Description Response or comment UN Global
Compact
UN Sustainable
Development
Goals
Omission
Marketing
Communications
,
DMA
EWS - Social sustainability/Diverse customers;
Digital sustainability/Safety, security and services for everybody;
EW - Customer communication;
SR
-
Targets
and
performance,
p.10.
Customer
privacy,
DMA
EWS - Digital sustainability/Cyber security and privacy;
EW - Customer service;
SR
-
Targets
and
performance,
p.10.
Customer
Health
and
Safety,
DMA
EWS - Digital sustainability/The use of mobile network is safe;
SR,
p.12.
-
p.15.
Employment,
DMA
EWS - Social sustainability/Responsible employer;
SR
-
Targets
and
performance,
p.10.
AR, p.15.
Diversity
and
Equal
Opportunity,
DMA
EWS - Social sustainability/Responsible employer;
SR
-
Targets
and
performance,
p.10.
Occupational
Health
and
Safety,
DMA
EWS - Social sustainability/Responsible employer;
SR
- p.17.
Training
and
Education,
DMA
EWS - Social sustainability/Responsible employer;
SR
-
Targets
and
performance,
p.10.
AR, p.17.
Non-discrimination,
DMA
EWS - Social sustainability/Responsible employer;
EWS - Ethics & Compliance/Code of conduct, Human rights policy;
SR
-
Targets
and
performance,
p.10.
Security
Practices,
DMA
EWS - Digital sustainability/Cyber security and privacy;
EW - Data security through Customer Service;
SR
-
Targets
and
performance,
p.10.
ESG
framework
Description Response or comment UN Global
Compact
UN Sustainable
Development
Goals
Omission
Anti-corruption,
DMA
EWS - Ethics and compliance/Code of conduct, Anti-corruption and
bribery policy;
SR
-
Targets
and
performance,
p.10.,
GRI
data.
Human
Rights
Assessment,
DMA
GRI data;
SR
-
Good
governance,
p.
5.,
Compliance
development,
p.
8.,
Privacy,
p.14.-p.15.,
Social
sustainability,
p.17-19.,
Sustainable
supply
chain,
p.
20.
Supplier
Social
Assessment,
DMA
GRI data;
SR
-
Sustainable
supply
chain
p.
20.;
EWS - Economic sustainability.
Public
Policy,
DMA
EWS - Management;
Stakeholder dialogue;
Ethics and compliance/Code of conduct; Policies;
GRI
data.
GRI 201: ECONOMIC PERFORMANCE (GRI 201, 2016 standard)
201-1 Direct economic value generated and distributed GRI
data.
UN SDG 9
201-2 Financial
implications
and
other
risks
and
opportunities
due to climate change
GRI
data.
UN
SDG
13.
GRI 203: INDIRECT ECONOMIC IMPACTS (GRI 203, 2016 standard)
203-1 Development and impact of infrastructure investments
and services supported
EWS - Digital sustainability;
GRI
data.
Refer
to
GRI
indicator 201-1,
Capital
expenditure
investments.
UN SDG 9
203-2 Significant
indirect
economic
impacts
EW - Research and development;
EWS - Social sustainability/Responsible employer,
Digital sustainability, Environmental sustainability.
GRI 205: ANTI-CORRUPTION (GRI 205, 2016 standard)
205-2 Communication
and
training
about
anti-corruption
policies and procedures
EWS - Policies and guidelines (public policy);
SR-
Development
in
compliance
p.8.
X UN
SDG
16.
GRI
data.
205-3 Confirmed
incidents
of
corruption
and
actions
taken
GRI
data.
X UN
SDG
16.
ESG
framework
Description Response or comment UN Global
Compact
UN Sustainable
Development
Goals
Omission
GRI 207: TAX (GRI 207, 2019 standard)
207-1 Approach to tax SR,
p.24.
UN
SDG
10.
207-2 Tax
governance,
control,
and
risk
management
SR,
p.24.
UN
SDG
10.
207-3 Stakeholder engagement and management of concerns
related to tax
SR,
p.24.
UN
SDG
10.
207-4 Tax
Country-by-country
reporting
GRI
data.
UN
SDG
10.
GRI 302: ENERGY (GRI 302, 2016 standard)
302-1 Energy consumption within the organization Elisa Energy and GHG Emission Disclosure 2021
GRI
data.
X UN
SDG
13.
302-3 Energy intensity Elisa Energy and GHG Emission Disclosure 2021
GRI
data.
X UN
SDG
13.
302-4 Energy
saved
due
to
conservation
and
efficiency
impro
Elisa Energy and GHG Emission Disclosure 2021
vements GRI
data.
X UN
SDG
13.
GRI 303: WATER AND EFFLUENTS (GRI 303, 2018 standard)
303-1 Interactions with water as a shared resource EWS -Environmental sustainability/Recycling and other
environmental impacts
303-2 Management of water discharge-related impacts EWS -Environmental sustainability/Recycling and other
environmental impacts
303-3 Water withdrawal EWS - Environmental sustainability/Other environmental
considerations;
GRI
data.
303-4 Water discharge EWS - Environmental sustainability/Other environmental
considerations;
GRI
data.
303-5 Water consumption EWS - Environmental sustainability/Other environmental
considerations;
GRI
data.
ESG
framework
Description Response or comment UN Global
Compact
UN Sustainable
Development
Goals
Omission
GRI 305: EMISSIONS (GRI 305, 2016 standard)
305-1 Direct (Scope 1) GHG emissions EWS -Environmental sustainability/ Elisa Energy and GHG Emission
Disclosure 2021
X UN
SDG
13.
GRI
data.
305-2 Indirect (Scope 2) GHG emissions EWS -Environmental sustainability/ Elisa Energy and GHG Emission
Disclosure 2021
X UN
SDG
13.
GRI
data.
305-3 Other
relevant
indirect
(Scope
3)
GHG
emissions
EWS -Environmental sustainability/ Elisa Energy and GHG Emission
Disclosure 2021
X UN
SDG
13.
GRI
data.
305-4 GHG emissions intensity EWS -Environmental sustainability/ Elisa Energy and GHG Emission
Disclosure 2021
X UN
SDG
13.
GRI
data.
305-5 Reduction of GHG emissions EWS -Environmental sustainability/ Elisa Energy and GHG Emission
Disclosure 2021
X UN
SDG
13.
GRI
data.
GRI 306: WASTE (GRI 306, 2020 standard)
306-1 Waste
generation
and
significant
waste-related
impacts
EWS -Environmental sustainability/Recycling and other
environmental impacts.
306-2 Management
of
significant
waste-related
impacts
EWS -Environmental sustainability/Recycling and other
environmental impacts.
306-3 Waste generated Environmental sustainability/Recycling and other environmental
impacts;
GRI
data.
X
306-4 Waste diverted from disposal by recovery operation Environmental sustainability/Recycling and other environmental
impacts;
GRI
data.
X
306-5 Waste directed to disposal by disposal operation Environmental sustainability/Recycling and other environmental
impacts;
GRI
data.
X
GRI 307: ENVIRONMENTAL COMPLIANCE (GRI 307, 2016 standard)
307-1 Monetary
value
of
significant
fines
and
total
number
of non-monetary sanctions for non-compliance with
environmental laws and regulations
GRI
data.
X UN
SDG
16.
ESG
framework
Description Response or comment UN Global
Compact
UN Sustainable
Development
Goals
Omission
GRI 401: EMPLOYMENT (GRI 401, 2016 standard)
401-1 New employee hires (amount and share) and employee
turnover
by
age
group,
gender
and
region
GRI
data.
X
401-2 Benefits
provided
to
full-time
employees
that
are
not
provided
to
temporary
or
part-time
employees,
by
signi
ficant
locations
of
operation
GRI
data.
UN
SDG
10.
GRI 403: OCCUPATIONAL HEALTH AND SAFETY (GRI 403, 2018 standard)
403-1 Occupational
health
and
safety
management
system
EWS - Social sustainability/Responsible employer, Wellbeing and
safety;
Elisa discloses
this indicator
SR,
p.18.
own way.
403-2 Hazard
identification,
risk
assessment,
and
incident
investigation
EWS - Social sustainability/Responsible employer, Wellbeing and
safety;
Elisa discloses
Digital sustainability/The use of mobile network is safe; this indicator
own way.
SR,
p.20.
403-3 Occupational
health
services
EWS - Social sustainability/Responsible employer, Wellbeing and
safety;
Elisa discloses
this indicator
SR,
p.18.
own way.
403-4 Worker
participation,
consultation,
and
communication
on occupational health and safety
EWS - Social sustainability/Responsible employer, Wellbeing and
safety;
Elisa discloses
this indicator
SR,
p.18.
own way.
403-5 Worker training on occupational health and safety EWS - Social sustainability/Responsible employer, Wellbeing and
safety;
SR,
p.18.
403-6 Promotion
of
worker
health
EWS - Social sustainability/Responsible employer, Wellbeing and
safety;
SR,
p.18.
403-7 Prevention
and
mitigation
of
occupational
health
and
safety impacts directly linked by business relationships
EWS - Social sustainability/Responsible employer, Wellbeing and
safety;
Elisa discloses
this indicator
SR,
p.18.
own way.
403-8 Workers
covered
by
and
OHS
management
system
(Health
and
Safety
Committees)
GRI
data,
SR,
p.18.
Elisa discloses
this indicator
own way.
ESG
framework
Description Response or comment UN Global
Compact
UN Sustainable
Development
Goals
Omission
403-9 Work
related
(occupational)
injuries
GRI
data; SR,
p.18.
Elisa discloses
this indicator
own way.
403-10 Work related (occupational) ill health GRI
data;
SR,
p.18.
UN
SDG
16.
Elisa discloses
this indicator
own way.
GRI 404: TRAINING AND EDUCATION (GRI 404, 2016 standard)
404-1 Average hours of training per year per employee by
gender,
and
by
employee
category
GRI
data.
X UN
SDG
10.
404-2 Programs
for
upgrading
employee
skills
and
transition
assistance programs
AR - Personnel review, p.15.
404-3 Employees receiving regular performance and career
development
reviews,
by
gender
and
by
employee
category
GRI
data.
X UN
SDG
10.
GRI 405: DIVERSITY AND EQUAL OPPORTUNITY (GRI 405, 2016 standard)
405-1 Composition
of
governance
bodies
and
breakdown
of
employees
per
employee
category
according
to
gender,
age
group,
minority
group
membership,
and
other
indicators of diversity
GRI
data.
X UN
SDG
5.
GRI 406: NON-DISCRIMINATION (GRI 406, 2016 standard)
406-1 Incidents of discrimination and corrective actions taken GRI
data.
X UN
SDG
5.
GRI 410: SECURITY PRACTICES (GRI 410, 2016 standard)
410-1 Security personnel trained in human rights policies or
procedures
GRI
data.
X UN
SDG
16.
GRI 412: HUMAN RIGHTS ASSESSMENT (GRI 412, 2016 standard)
412-1 Operations
that
have
been
subject
to
human
rights
reviews or impact assessments
GRI
data.
412-2 Employee training on human rights policies or procedu
res
GRI
data.
412-3 Significant
investment
agreements
and
contracts
that
include human rights clauses or that underwent human
rights screening
GRI
data.
ESG
framework
Description Response or comment UN Global
Compact
UN Sustainable
Development
Goals
Omission
GRI 414 SUPPLY CHAIN
414-1 New suppliers that were screened using social criteria SR,
p.20.;
GRI
data.
UN
SDG
16.
414-2 Negative social impacts in the supply chain and actions
taken
GRI
data.
UN
SDG
16.
GRI 415: PUBLIC POLICY (GRI 415, 2016 standard)
415-1 Total value of political contributions by country and
recipient/beneficiary
GRI
data.
X UN
SDG
16.
GRI 416: CUSTOMER HEALTH AND SAFETY (GRI 416, 2016 standard)
416-2 Incidents of non-compliance with regulations and volun
tary codes concerning the health and safety impacts of
products
and
services
during
their
life
cycle,
by
type
of
outcomes
GRI
data.
UN
SDG
16.
GRI 417: MARKETING AND LABELING (GRI 417, 2016 standard)
417-3 Incidents of non-compliance concerning marketing
communications
GRI
data.
UN
SDG
16.
GRI 418: CUSTOMER PRIVACY (GRI 418, 2016 standard)
418-1 Substantiated complaints regarding breaches of custo
mer privacy and losses of customer data
GRI
data.
UN
SDG
16.
Elisa discloses
this indicator
own way.

SASB

SASB (Technology & Communications Sector - Telecommunication Services Sustainability Accounting Standard, 2018-10)

ACTIVITY METRIC (Elisa Corporation)

TC-TL-000.A Number of wireless (mobile) subscribers SASB data; EWI - Results Centre/Operational Data Q4 2021
TC-TL-000.B Number
of
wireline
(fixed)
subscribers
SASB data; EWI - Results Centre/Operational Data Q4 2021
TC-TL-000.C Number of broadband subscribers SASB data; EWI - Results Centre/Operational Data Q4 2021
TC-TL-000.D Network
traffic
SASB data; EWI - Results Centre/Operational Data Q4 2021

ACCOUNTING METRIC

Environmental Footprint of Operations
TC-TL-130a.1 Total energy consumed SASB
data.
Percentage
grid
electricity
SASB
data.
Percentage
renewable
SASB
data.
Conversion
factors
used
EWS - Environmental sustainability/Elisa Energy and GHG Emission Disclosure 2021
PUE
(Power
Usage
Effectiveness),
12
month
average
weighted
figure
SASB
data.
Data Privacy
TC-TL-220a.1 Description of policies and practices relating to behavioral advertising and EWS - Tietosuoja (in Finnish);
customer privacy SASB
data.
EW - Marketing and customer communication
(Markkinointiluvat ja asiakasviestintä -in Finnish).
EW - Elisa's data protection principles.
TC-TL-220a.2 Number of customers whose information is used for secondary purposes SASB
data.
TC-TL-220a.3 Total amount of monetary losses as a result of legal proceedings associated
with customer privacy
SASB
data.
TC-TL-220a.4 1.
Number
of
law
enforcement
requests
for
customer
information,
2.
number
of
customers
whose
information
was
requested,
3.
percentage
resulting
in
disclosure
SASB
data.
Data Security
TC-TL 230a.1 1.Number
of
data
breaches,
2.percentage
involving
personally
identifiable
information
(PII),
3.number
of
customers
affected
SASB
data.
TC-TL 230a.2 Description
of
approach
to
identifying
and
addressing
data
security
risks,
including use of third-party cybersecurity standards
SASB
data.
EW - Elisa cyber security services are described in Elisa web pages (in Finnish).
Product End-of life Management
TC-TL-440a.1 (1) Materials recovered through take back programs SASB
data.
(2)
Percentage
reused
SASB
data.
(3)
Percentage
recycled
SASB
data.
(4)
Percentage
landfilled
SASB
data.
Competitive Behavior & Open Internet
TC-TL-520a.1 Amount of monetary losses as a result of legal proceedings associated with
anticompetitive behavior regulations
SASB
data.
TC-TL-520a.2 Average actual sustained download speed of (1) owned and commercially-as
sociated content and (2) non-associated content
Elisa
does
not
disclose
download
speed.
TC-TL-520a.3 Description
of
risks
and
opportunities
associated
with
net
neutrality,
paid
peering,
zero
rating,
and
related
practices
SASB
data.
Managing systemic risks from technology disruptions
TC-TL-550a.1 (1)
System
average
interruption
frequency
and
(2) customer average interruption duration
SASB
data.
TC-TL-550a.2 Discussion of systems to provide unimpeded service during service interrup
tions
SASB
data.

ELISA OWN INDICATOR

Reducing the number of disturbances in mobile network Own
data.
Cyber
security
in
relation
to
cyber
security
index
Own
data.
Data
Protection
Training
Own
data.
Personal
Data
Inquiries
Own
data.
Elisa objectives Code
of
Conduct
training
completion
Own
data.
and success indi
cators
Employee Engagement score Own
data.
Customer
Satisfaction
in
Relation
to
NPS
Target
Own
data.
Supply chain sustainability development Own
data.
Contribution
to
the
Society
Own
data.
Science Based Target (SBTi) performance Own
data.

EU TAXONOMY ELIGIBLE ECONOMIC ACTIVITIES

Information about EU taxonomy eligible economic activities Disclose qualitative and quantitative information of eligible economic activities. SR, p.23.

Sustainability-linked revolving credit facility indicators

Increase of the share of female leadership positions [%] SR
-
ESG
data,
p.71.
Decrease of the share of population without access to high speed connection [%] SR
-
ESG
data,
p.71.
Ensure renewable energy sourcing, and commit into increasing share of PPAs in renewables
to increase the impact
SR
-
ESG
data,
p.71.

Digital Sustainability

GRI Indicators

Customer privacy

Total number of substantiated complaints regarding breaches of
customer privacy and losses of customer data [pcs] (418-1)
2019 2020 2021 Description Data includes
1 6 8 In addition to Data Protection Ombuds
man responses, Elisa does not report other
complaints nor breaches.
Scope: Elisa Finland, Elisa Estonia and
Elisa Polystar.

SASB Indicators

Activity Metrics 2019 2020 2021
Number of wireless subscribers [pcs] (TC-TL-000.A) 4,736,500 4,798,100 4,919,100 2020 figures have been corrected. 2019 figures
added.
Scope: Elisa Finland and Elisa Estonia.
Number of wireline subscribers [pcs] (TC-TL-000.B) 1,526,700 1,527,600 1,477,000 2020 figures have been corrected. 2019 figures
added.
Scope: Elisa Finland and Elisa Estonia.
Number of broadband subscribers [pcs] (TC-TL-000.C) 689,500 701,100 666,200 2020 figures have been corrected. 2019 figures
added.
Scope: Elisa Finland and Elisa Estonia.
Network traffic [million gigabytes] (TC-TL-000.D) 1,000 1,360 1,643 Elisa discloses this indicator own way.Elisa
does not publish fixed network traffic num
bers.
Scope: Mobile network Elisa Finland.

Data Privacy Data includes

Description of policies and practices relating to behavioral advertising and customer privacy (TC-TL-220a.1)

Processing of personal data is based on the Elisa's Data Protection Policy which defines the implementation of data protection requirements at Elisa's operations. The policy is mandatory for Elisa, its subsidiaries, and suppliers based on the contracts.

Data protection policy as well as principles and guidelines complementing the policy are reviewed frequently and they include e.g.

• Processing of personal data

Data protection principles (acts as privacy notice)

Advertising and customer privacy policies, principles, and practical guidance (in Finnish)

• Guidance on Electronic Direct Marketing

  • Requirements of the Processing of Traffic and Location Data for marketing
  • Employees Data Protection Principles (acts as privacy notice)
  • Principles of personal data processing in the staff recruitment process (acts as privacy notice)

• Practices related to Data protection organization, assessments, monthly overview of EU data protection breaches , analyzes

Number of customers whose information is used for secondary purposes (TC-TL-220a.2)

Elisa does not disclose this indicator. Elisa's data protection principles describe what information we collect and for what purpose, and how we handle the information.

Provided the principles and policies relating to the customer personal data, limitations and requirements for further processing:

  • Principles of Personal Data Processing

  • Data Protection Policy (privacy notice)

  • Confidentiality of Communications and Principles of Location Data Processing

Total amount of monetary losses as a result of legal proceedings associated with customer privacy (TC-TL-220a.3)

Elisa is not disclosing this information, instead reports significant legal consequences in Elisa's financial statements.

(1) Number of law enforcement requests for customer information, (2) number of customers whose information was requested, (3) percentage resulting in disclosure (TC-TL-220a.4)

Elisa has process for managing data breaches and each case is documented. Elisa does not disclose security incidents or breaches as numbers.

Data Security Data includes

(1) Number of data breaches, (2) percentage involving personally identifiable information (PII), (3) number of customers affected (TC-TL-230a.1)

Elisa has process for managing data breaches and each case is documented. Elisa does not disclose security incidents or breaches as numbers.

Description of approach to identifying and addressing data security risks, including use of third-party cybersecurity standards (TC-TL-230a.2)

Elisa's operational risk management is an ongoing process and is built into the organisation's normal operations. The process activates all Elisa employees and partners to identify and report risks related to processes, systems, technology and other operational functions. Operational risk management enables transparency in the potential adverse events and opportunities of operations, ensures business continuity and optimizes costs through risk assessment, management and monitoring. The process is compliant with ISO 27005 and ISO 31000 international standards.

Elisa cyber security services are described in Elisa web pages (in Finnish)

Managing systemic risks from technology disruptions Data includes

(1) System average interruption frequency and (2) customer average interruption duration (TC-TL-550a.1)

System average interruption frequency: 0.19. Customer average interruption duration:19h.

Discussion of systems to provide unimpeded service during service interruptions (TC-TL-550a.2)

Elisa's network is designed to be resilient and our operations is based on ITIL model. In operations our focus is in automation and proactive service monitoring. Elisa's network design principles are based on optimal redundancy. This covers both the use of alternative physical locations, routes and redundant equipment. Also the utility services are redundant by using e.g. generators and accumulators. Scope: Elisa Finland

In Finland authorities set requirements for redundancy and in addition to those requirements our design principles also require the utilization of redundancy to avoid Major or Business Critical incidents (TRAFICOM/54045/03.04.05.00/2020).

Elisa's network and services are built by using equipment only from selected vendors and all new systems and software are tested before deployment. The purpose of testing is to verify the compliance to both existing network infrastructure and the functionality of tested entity.

Elisa's operations is both proactive and automated. The aim is to handle all incidents before those affect to customers services. If the incident can't be avoided the time to recover is typically short because of automated recovery actions.

To understand customer experience Elisa has a Cyber Security and Service Management Center (cSOC) which is monitoring service availability and customer experience 24/7. Based on situational awareness the cSOC is responsible for both internal and external incident communication and also acts as a centralized management function for repair of major and business critical incidents and escalation cases.

Every incident in Elisa's network is managed by trouble ticketing system. Incident specific trouble tickets are populated with relevant data such as incident time, the nature on the incident, mitigative actions and actual repair. This data is used for improving the process and other quality affecting aspects by analysis, classification and machine learning algorithms.

In Elisa we have a defined process for learning from successes and mistakes. Every incident meeting pre-defined criteria is walked trough and findings are formulated as improvement tasks to relevant stakeholders. Executing the tasks is managed by Problem Management function.

Own Indicators

2019 2020 2021 Description
Data includes
Data
Protection
Training
[%]
67% 73% 75% 2021 figures includes employee headcount figure of
Scope: Elisa Finland and Elisa Estonia
Elisa Finland(Oyj) and Elisa Estonia.
Cyber
security
in
relation
to
cyber
security
index
[%]
72% 72% 73% Scope:Elisa Finland
Reducing
the
number
of
disturbances
[%]
93% 96% 97% Scope:Elisa Finland
Personal
Data
Inquiries
[pcs]
16,000 16,777 16,558 Scope: Elisa Finland and Elisa Estonia

Scope: Elisa Finland

Social Sustainability

GRI Indicators

General Disclosures related to Employees

Total Number of Employees by Employment Contract, Time Type, Region and
Gender [prs] (102-8) 2019 2020 2021 Description Data includes
Personnel in total, 31.12.2021 5,617 5,744 5,947
Permanent contract 5,515 5,649 5,858 Due to update in the
data collection metho
Finland 4,272 4,350 4,330 dology, historical data
Estonia 961 971 926 have been revisited.
Sweden 150 142 142
Spain 51 65 61
Germany N/A 7 87
Other
countries
81 114 312
Men 3,773 3,859 3,951
Women 1,742 1,790 1,807
Other
or
Unknown
0 0 100
Temporary contract 102 95 89
Finland 52 57 43
Estonia 46 34 38
Sweden 3 3 4
Spain 1 1 0
Germany N/A 0 3
Other
countries
0 0 1
Men 50 49 34
Women 52 45 48
Full- time employees 4,553 4,711 5,002 Due to update in the
Finland 3,382 3,488 3,561 data collection metho
dology, historical data
Estonia 907 923 881 have been revisited.
Sweden 148 141 143
Spain 52 65 61
Germany N/A 6 72
Other
countries
64 88 284
Men 3,045 3,176 3,348
Women 1,508 1,535 1,553
Other
or
Unknown
0 0 101
Part-time employees 1,064 1,033 945
Finland 942 919 812
Estonia 100 82 83
Sweden 5 4 3
Spain 0 1 0
Germany N/A 1 18
Other
countries
17 26 29
Men 778 738 637
Women 286 294 302
Other
or
Unknown
0 1 6

Collective bargaining agreements

Percentage of Total Employees Covered by Collective Bargaining Agreements [%] (102-41) 2019 2020 2021 Data description Data includes
73% 73% 73% Historical data have
been retroactively
corrected.

Anti-corruption

Communication and training about anti-corruption policies and procedures [%] (205-2) Description Data includes
Percentage of employees that the organization's anti-corruption policies and procedures have been commu
nicated.
Scope: Elisa Finland and
Elisa Estonia
Anti-corruption
policies
have
been
communicated
to
all
employees
[100%]
in
Elisa
Estonia
and
tion,
Code
of
Conduct
policies
have
been
communicated
to
all
the
Elisa
employees.
Elisa
Finland.
In
addi
Percentage of governance body members that the organization's anti-corruption policies
and procedures have been communicated.
Anti-corruption
policies
have
been
communicated
to
all
the
governnace
bodies
[100%].
Percentage of employees completing the training by region. 2019 2020 2021 Description Data includes
Finland N/A N/A 69% Scope: Elisa Finland and
Estonia N/A N/A 71% Elisa Estonia

Confirmed incidents of corruption and actions taken [pcs] (205-3)

No confirmed incidents in 2021.

Employment

Total number of new employee hires and employee turnover by age group, gender and
region [prs] (401-1)
2019 2020 2021 Description Data includes
New employee hires 1,264 1,322 1,283
Finland 966 1,070 969
Estonia 249 182 226
Sweden 14 10 4
Spain 6 25 8
Germany N/A 3 7
Other
countries
29 32 69
Men 882 894 862
Women 382 428 386
Other
or
Unknown
0 0 35
Under 30 years 898 935 880
30-39 years 216 227 262
40-49 years 106 115 89
Over
49
years
44 45 52
Terminated employments 1,267 1,184 1,321
Finland 958 954 995
Estonia 269 192 268
Sweden 16 12 12
Spain 12 7 14
Germany N/A N/A 0
Other
countries
12 19 32
Men 829 793 889
Women 438 391 407
Other
or
Unknown
0 0 25
Under 30 years 745 765 813
30-39 years 278 207 272
40-49 years 133 106 131
Over
49
years
111 106 105

Benefits provided to full-time employees that are not provided to temporary or part-time employees, by significant locations of operation (401-2)

In general level, there are no differences.

Occupational health and safety

Workers covered by OHS management system [%] (403-8) 2019 2020 2021 Description Data includes
95% 97% 94% Elisa discloses this
indicator
own
way.
Calculated
as
Elisa's
own employees
coverage
%.

Work related (occupational) injuries and ill-health. Type of injury and rates of injury, occupational diseases, lost days, and absenteeism, and total number of work-related fatalities,

by region and by gender (403-9, 403-10) 2019 2020 2021 Description Data includes
Working hours [h]
Average
worked
hours
[hours/employee]
1,473 1,480 1,367 Annual figure.
Injury rate (IR) Elisa discloses these
indicators in own
way.
Finland
Commuting
injuries
7 4 3
Working
time
injuries
5 3 4
Estonia
Commuting
injuries
1 0 0
Working
time
injuries
1 1 2
Sweden
Commuting
injuries
0 0 0
Working
time
injuries
0 0 0
Spain
Commuting
injuries
13 0 0
Working
time
injuries
0 0 0
Germany
Commuting
injuries
N/A 0 0
Working
time
injuries
N/A 0 0
Other Countries
Commuting
injuries
0 0 0
Working
time
injuries
5 0 0
Rate of occupational diseases (ODR)
Finland 0 0 0
Estonia 0 0 0
Sweden 0 0 0
Spain 0 0 0
Germany 0 0 0
Other
Countries
0 0 0

Lost day rate (LDR)

Finland 185 161 253
Estonia 0 0 0
Sweden 0 0 0
Spain 0 0 0
Germany N/A 0 0
Other
Countries
0 0 0

Absentee rate (AR)

Finland 3% 3% 4%
Estonia 7% 4% 4%
Sweden 0% 0% 2%
Spain 0% 2% 1%
Germany N/A 26% 4%
Other
Countries
0% 0% 1%
Commuting injuries (own employees total) 44 27 19
Finland 42 27 19
Estonia 1 0 0
Sweden 0 0 N/A
Spain 1 0 0
Germany 0 0 0
Other
Countries
0 0 0
Sub-contractors 0 0 0 Scope: Elisa Finland and
Elisa Estonia
Work-related recordable injuries (own employees total) 34 21 25
Finland 32 20 22
Estonia 1 1 3
Sweden 0 0 N/A
Spain 0 0 0
Germany 0 0 0
Other
Countries
1 0 0
Sub-contractors 39 17 6 Scope: Elisa Finland and
Elisa Estonia
Work related high-consequence injuries (own employees total) 0 0 0
Finland 0 0 0
Estonia 0 0 0
Sweden 0 0 0
Spain 0 0 0
Germany 0 0 0
Other
Countries
0 0 0
Sub-contractors 2 8 2 Scope: Elisa Finland and
Elisa Estonia
Occupational diseases (own employees total) 0 0 2
Finland 0 0 2
Estonia 0 0 0
Sweden 0 0 N/A
Spain 0 0 0
Germany 0 0 0
Other
Countries
0 0 0
Sub-contractors 0 3 0 Scope: Elisa Finland and
Elisa Estonia
Work related fatalities (due to injuries or occupational ill-health) (own employees total) 0 0 0
Finland 0 0 0
Estonia 0 0 0
Sweden 0 0 N/A
Spain 0 0 0
Germany 0 0 0
Other
Countries
0 0 0
Sub-contractors 0 0 0 Scope: Elisa Finland and
Elisa Estonia
Lost day incidents [days] (own employees total) 156 137 192
Finland 156 137 192
Estonia 0 0 0
Sweden 0 0 0
Spain 0 0 0
Germany N/A 0 0
Other
Countries
0 0 0
Sub-contractors 57 59 41 Scope: Elisa Finland and
Elisa Estonia
Absentees [days] (own employees total) 43,898 39,179 51,294
Finland 29,204 30,315 39,172
Estonia 14,609 8,406 9,546
Sweden 0 0 830
Spain 0 218 168
Germany N/A 240 846
Other
Countries
85 0 732
Sub-contractors N/A 279 97 Scope: Elisa Finland and
Elisa Estonia

Training and education

Average hours of training per year per employee by gender and by employee category [h]
(404-1) 2019 2020 2021 Description
Data includes
Average training hours per employee 11 2020 data have been
retroactively corre
Men 8 19 10 cted.
Women 11 11 12 2021 onwards, the
employee catego
Other
or
Unknown
0 6 7 risation has been
updated.
Senior management 5 9 14
Middle management 14 7 21
Other
employees
8 19 10

Employees receiving regular performance and career development reviews by gender and

by employee category [prs] (404-3) 2019 2020 2021 Description Data includes
Employees
receiving
regular
performance
and
career
development
reviews
[%]
75% 73% 84% 2021 onwards, the
Men 2,850 2,827 3,299 employee catego
risation has been
Women 1,337 1,390 1,570 updated.
Other
or
Unknown
0 0 94
Senior management 150 138 228
Middle management 887 934 488
Other
employees
3,150 3,145 4,247

Diversity and equal opportunity

Composition of governance bodies and breakdown of employees per employee category
according to gender, age group, minority group membership, and other indicators of
diversity [prs] (405-1) 2019 2020 2021 Description
Data includes
Elisa's Executive Board [prs] 11 11 11
Women 2 2 2
Men 9 9 9
Under 30 years 0 0 0
30-39 years 0 0 0
40-49 years 2 3 3
Over
49
years
9 8 8
Elisa's Board of Directors [prs] 7 7 8
Women 3 3 3
Men 4 4 5
Under 30 years 0 0 0
30-39 years 0 0 0
40-49 years 1 1 1
Over
49
years
6 6 7
Management teams of business units [prs] 85 93 95
Women 31 33 43
Men 54 60 52
Under 30 years 0 0 0
30-39 years 6 5 6
40-49 years 42 49 41
Over
49
years
37 39 48
Corporate Responsibility Management Board [prs] 11 14 8
Women 6 9 5
Men 5 5 3
Under 30 years 0 0 0
30-39 years 1 1 0
40-49 years 6 8 3
Over
49
years
4 5 5
Breakdown of employees by gender [%]
Men 68% 68% 67%
Women 32% 32% 31%
Other
or
Unknown
0% 0% 2%
Breakdown of employees by age [%]
Under 30 years 30% 26% 25%
30-39 years 25% 29% 30%
40-49 years 18% 26% 26%
Over
49
years
27% 19% 19%
Breakdown of employees by employee categories [%]
Senior management 3% 3% 4% 2021 onwards, the
Middle management 18% 20% 10% employee catego
risation has been
Other
employees
79% 77% 86% updated.

Non-discrimination

Incidents of discrimination and corrective actions taken [pcs] (406-1)

3 clarified cases during 2021. All the cases are closed after taking the corrective measures.

Security practices

Security personnel trained in human rights policies or procedures [%] (410-1) Description Data includes
79%
of
external
security
guards
working
in
Elisa
Finland
have
completed
Elisa
Code
of
Conduct
policy
training.
2021 onwards, the figure
only includes the external
security guards.
Human rights assessment
Operations that have been subject to human rights reviews or impact assessments (412-1) Description Data includes
Total number and percentage of operations that have been subject to human rights reviews or human rights impact assessments, by
country
Elisa
Corporation
was
assessed
for
its
human
rights
responsibility
and
disclosure
as
a
part
of
Status of Human Rights Performance of Finnish
Companies (SIHTI) project
using
Core
UNGP
Indicators
methodology.
The
result
of
the
assessment
was
utilized
to
improve
Elisa's
policies
in
regard
to
human
rights.
In
addition
to
this,
Elisa
Corporation
has
carried
out
its
own
human
rights
due
diligence
assessment
within
its
supply
chain,
M&A,
and in
its
relevant
business
operations
cases.
Elisa reports this indicator in
its own way.
Employee training on human rights policies or procedures (412-2) Description Data includes
Total number of hours in the reporting period devoted to training on human rights policies or procedures concerning aspects of
human rights that are relevant to operations.
Elisa reports this indicator in
its own way.
Elisa
Corporation
employees
hours
were
devoted
to
compulsory
Code
of
Conduct
training
that
introduces
to
the
basics
of
human
rights,
volun
tary
in-depth
training
in
human
rights
policy,
compulsory
data
protection
training,
and
voluntary
Code
of
Ethical
Purchase
training.
Percentage of employees trained during the reporting period in human rights policies or procedures concerning aspects of human
rights that are relevant to operations [%]
93%
of
Elisa
employees
have
completed
the
complusory
Code
of
Conduct
training
that
introduces
to
the
basic
of
human
rights
policy.
In
addition
to
that,
100%
of
procurement
and
corporate
responsibility
team
members
have
completed
the
renewed
Code
of
Ethical
Purchase
training,
more
than
150
employees
have
completed
voluntary
training
in
human
rights
policy
and
75%
employees
in
Elisa
Finland
and
Estonia
have
completed
the
data
protection
training.
Elisa reports this indicator in
its own way.
Significant investment agreements and contracts that include human rights clauses or that underwent human rights screening
(412-3)
Description Data includes
Total number and percentage of significant investment agreements and contracts that include human rights clauses or that un
derwent human rights screening.
Elisa
Corporation
in
2021
has
utilized
significant
resources
in
renewing
the
human
rights
policy
and
conducting
human
rights
policy
training.
Investments
have
also
been
made
in
conducting
human
rights
due
diligence
in
M&A.
In
both
of
the
former
cases,
Elisa
used
a
third-party
agency.
Elisa reports this indicator in
its own way.

In addition, Elisa Corporation is a member of JAC(Joint Audit Co-operation) and conducts 5 yearly audits of the supply chain.

Suppliers social assessment

New suppliers that were screened using social criteria [%] (414-1) 2019 2020 2021 Description Data includes
N/A N/A 0% Elisa reports this indi
cator in its own way.
Negative social impacts in the supply chain and actions taken (414-2) Elisa reports this indi
cator in its own way.
Total
suppliers
assessed
[pcs]
116 76 71 2019 and 2020 figures
have been earlier
reported in 414-1 as
pcs.
Number
of
suppliers
identified
as
having
significant
actual
and
potential
negative
social
impacts.
[pcs]
N/A N/A 34
Significant
actual
and
potential
negative
social
impacts
identified
in
the
supply
chain.[pcs]
584 665 402
Percentage
of
suppliers
identified
as
having
significant
actual
and
potential
negative
social
im
pacts
with
which
improvements
were
agreed
upon
as
a
result
of
assessment
[%]
N/A N/A 100%
Percentage
of
suppliers
identified
as
having
significant
actual
and
potential
negative
social
im
pacts
with
which
relationships
were
terminated
as
a
result
of
assessment,
and
why
[%]
N/A N/A 0%

Public policy

Total value of political contributions by country and recipient/beneficiary (415-1)

No political contributions in 2021.

Customer health and safety

Total number of incidents of non-compliance with regulations and voluntary codes concerning the health and safety impacts of products and services during their life cycle, by type of outcomes [pcs] (416-2)

No confirmed incidents in 2021.

Marketing and labeling

Total number of incidents of non-compliance with regulations and voluntary codes concerning marketing communications, including advertising, promotion, and sponsorship, by type of outcomes [pcs] (417-3)

One case in 2021 and closed.

Own Indicators

2019 2020 2021 Description Data includes
Code of Conduct training completion [%] 63% 84% 93% 2021 figure excludes TenForce NV headcount which
contributes to less than 1% of total Elisa headcount
and employees on longer sick leaves, absences and
maternity leaves.
Contribution to the Society [%] N/A N/A 88% Calculated as performance against annual target
(27).
Scope: Elisa Finland and Elisa Estonia
Customer Satisfaction in Relation to NPS Target [%] 93% 93% 81% Calculated as performance against annual target
(32).
Scope: Elisa Finland and Elisa Estonia

Supply chain sustainability development

Supply chain audits performed and supply chain responsibility is included in Elisa Vendor Management process. 100% of procurement teams and corporate responsibility teams have completed the "Elisa Code of Ethical purchasing" training. Scope:Elisa Finland and Elisa Videra

Employee Engagement [%]

95% The performance is calculated as percentage of score to annual target (80). Scope:Elisa Finland

Increase of the share of female in leadership positions

[%]

The
target
has
been
achieved.
As
of
31.12.2021,
Elisa's
share
of
female
in
leadership
positions
is
27%.
This indicator is part of Sustainbility Criteria of Elisa's
Sustainability linked loan.
Scope: Elisa Oyj, Elisa Videra Oy, Elisa
Santa Monica Oy, Fenix Solutions Oy.
2021 is the first year Elisa is reporting this indicator.
Decrease of the share of population without access to high speed connection [%]

The target has been achieved. As of 31.12.2021, only 27.5% of the households are without the access to high speed connection. This indicator is part of Sustainbility Criteria of Elisa's Sustainability linked loan. Scope: Elisa Finland

2021 is the first year Elisa is reporting this indicator.

Economic Sustainability

GRI Indicators

Economic Performance

Direct economic value generated and distributed [EUR million] (201-1 ) 2019 2020 2021 Description
Data includes
Net sales 1,844 1,895 1,998 Includes financial incomes.
Suppliers and partners 868 888 936
Personnel
remuneration
320 326 374
Dividends and interests 301 310 325
Taxes and other public oblications 68 70 77 Financial statement´s income tax of EUR 75 million has EUR 2
million negative change in deferred tax assets and liabilities,
which is not included in the corporate tax in tax footprint.
Capital
expenditure
investments
256 266 265
Community
Investments
N/A N/A 0.03 2021 is the first year, Elisa is reporting this figure.
Taxes and tax-like payments 457 485 531
Corporate
tax
68 70 77 Financial statement´s income tax of EUR 75 million has EUR 2
million negative change in deferred tax assets and liabilities,
which is not included in the corporate tax in tax footprint.
Value-added tax 255 253 275
Income tax and withholding tax 102 121 132
Statutory employer's social insurance payments and other taxes 22 24 29
Public
fees
10 17 18

Financial implications and other risks and opportunities due to climate change (201-2)

Risk Description Impact assesment Risk management/opportunity
Extreme weather
phenomena due to clima
te change
Climate change causes extreme weather
phenomena, which can cause interruptions in
Elisa's services from e.g. power failures, but
also for example disruptions in the supply
chain logistics.
Very likely on a short term. An increase in interrup
tive events will cause higher costs for personnel and
replacement of broken equipment. Estimated costs
vary between EUR 0.2-2.0m depending on frequency
of events and other circumstances.
Enabling sustainable solutions around mobile technology: Elisa has in place a comprehen
sive real-time monitoring system for network disturbances, identifying problematic issues
and enabling rapid repairs. We estimate that demand for real-time measurement and
monitoring services provided by Elisa will increase in the future.
Average temperature
changes due to global
warming
Rising average temperatures and heat waves
will increase the need for cooling in Elisa's
telefacilities and other premises.
Very likely on a medium term. Costs will increase
due to higher electricity consumption incurred from
investments in cooling systems. We estimate that
the implication could be about 2% growth in electri
city consumption.
Reducing footprint through long-term work on energy efficiency: Elisa has three data
centres in the Helsinki metropolitan region, which direct their heat loss energy to district
heating. We also utilise heat loss energy in our office environments. We see opportunities
in scaling up energy efficiency innovations.
Increasing costs due to
regulations and energy
taxes
The Paris agreement strives to limit the avera
ge global temperature increase to 1.5°C, and
to update national targets every five years to
keep raising the ambitions.
Likely on a short-term. Estimated implications of
carbon market pricing for Elisa are less than 1% of
operational costs. Average electricity price is expe
cted to grow due to requirements regarding the
production share of renewable energy.
Curbing emissions by utilising renewable and reused energy: Elisa is in a comparably good
position regarding EU Emission Trading System (ETS) schemes. We have set science-based
targets (SBTi) around the Paris agreement and signed up for Finland's energy efficiency
agreement in line with the EED. Elisa has offered its customers carbon neutral services
since 2020.
Stakeholders expecting
higher level of climate
action
Climate change increases the environmental
awareness of Elisa's stakeholder groups. De
mands for climate reporting to stakeholders
is increasing, as well as the requirements for
climate-friendly operations. This adds pressu
re on investments and operations.
Likely on medium term. According to the Sustainab
le Brand Index report 2021, two thirds of consumers
consider sustainability issues when making purcha
se choices. Confusion about our climate actions
among consumers, might lead to less demand for
existing products.
Developing new business areas by innovations in sustainability: We set ambitious targets
and constantly work on ways to reduce our carbon footprint still, for example through a
group-wide working group that manages energy efficiency, and by incentivising our part
ners. Elisa has in some cases been able to turn its own footprint reductions into handprint
services. For example, our international Elisa Polystar, Elisa IndustrIQ, and also Elisa Videra
businesses provide means for our customers to reduce their own carbon footprint.
Stakeholder reluctance
to participate in climate
action
A significant part of the ICT industry's environ
mental impacts come from the manufacturing
of devices. To achieve our ambitious clima
te-related goals, it is crucial to engage key
stakeholders such as supply chain partners
around climate change mitigation.
Unlikely on medium term. Legislative requirements
and standards are expected to drive most supply
chain stakeholders in a more sustainable direction.
Not achieving Net Zero commitments within the in
dustry would be a big setback from a climate change
mitigation point of view.
Integrating circular economy with daily business operations: Reducing environmental im
pacts of devices, by paying attention to durability, by offering repair services, and refurbish
ment and sales of used devices, and finally arranging recycling in safe ways are examples
by Elisa. We also take part in the Joint Audit Cooperation (JAC) that together with other
operators assesses and develops sustainable approaches with important multinational ICT
suppliers. We take part in similar efforts also in GSMA.
Other issues diverting
attention from climate
action
Earth is a system, where climate change can
radically affect natural ecosystems and un
leash threats that directly or indirectly might
cause world-wide system shocks, in a similar
way to COVID-19.
More likely than not on long term. Exceptional
circumstances might decrease revenues, due to less
demand for products and services or because of
various supply chain issues. Attention among custo
mers, and in the value chain, might also be diverted
from climate action during difficult times.
Enabling sustainable operations through low-emission services: In times of transformation,
adaptability becomes a vital capability. This always means that we take care of our basic
tasks in all circumstances. We help society accommodate to a challenging new situation,
while actively innovating new ways to support those in the most vulnerable positions. We
can help our customers cope with even dramatic change by supporting them when taking a
digital leap and e.g. adapt to a new normal of distance work.

Tax

Tax Country-by-country reporting [EUR million] (207-4) 2019 2020 2021 Description Data includes
Finland N/A N/A 474 2021 is the first year, Elisa is repor
Estonia N/A N/A 40 ting this indicator.
Sweden N/A N/A 8 Financial statement´s income tax
of EUR 75 million has EUR 2 million
Spain N/A N/A 1 negative change in deferred tax
Germany N/A N/A 4 assets and liabilities, which is not
included in the corporate tax in tax
Other
countries
N/A N/A 4 footprint. Includes: Australia,
Belgium, Canada, France,
Hungary, Italy, Malaysia,
Norway, Romania, Russia,
Singapore, Taiwan, Great
Britan and USA.

SASB Indicators

Competitive Behavior & Open Internet
Total amount of monetary losses as a result of legal proceedings associated with anticompetitive behavior regulations (TC-TL-520a.1) Description Data includes
Elisa
reports
significant
legal
consequences
in
Elisa's
financial
statements
(Significant
legal
and
regulatory
issues,
p.10)
Average actual sustained download speed of

(1) owned and commercially-associated content and (2) non-associated content (Mbps) (TC-TL-520a.2)

We do not disclose download speed.

Description of risks and opportunities associated with net neutrality, paid peering, zero rating, and related practices(TC-TL-520a.3) Description Data includes
Elisa
operates
in
markets
where
data
services
are
generally
unlimited.
Risks
and
opportunities
of
net
neutrality,
paid
peer
review
and
zero
rating
are
not
significant.
However,
5G
can
bring
new
opportunities
(e.g.,
network
slicing
and
optimized
services).
We
follow
the
instructions
of
the
Elisa reports this indicator in
its own way.
authorities
in
net
neutrality
issues
related
to
productization.

Sustainability-linked revolving credit facility indicators

Description Data includes
Increase of the share of female leadership positions [%]
The
target
has
been
achieved.
As
of
31.12.2021,
Elisa's
share
of
female
in
leadership
positions
is
27%.
This indicator is part of Sustainbility Criteria of
Elisa's Sustainability linked loan.
2021 is the first year Elisa is reporting this indi
cator.
Scope: Elisa Oyj, Elisa Videra
Oy, Elisa Santa Monica Oy,
Fenix Solutions Oy.
Decrease of the share of population without access to high speed connection [%]
The
target
has
been
achieved.
As
of
31.12.2021
27.5%
of
the
households
are
without
the
access
to
high
speed
connection.
This indicator is part of Sustainbility Criteria of
Elisa's Sustainability linked loan.
Scope: Elisa Finland
2021 is the first year Elisa is reporting this indi
cator.
Ensure renewable energy sourcing, and commit into increasing share of PPA in renewables to increase the impact
100%
of
electricity
used
in
Elisa
Finland
is
from
renewables
source
covered
through
Certificate
of
Origins.
This indicator is part of Sustainbility Criteria of Scope: Elisa Finland

100% of electricity used in Elisa Finland is from renewables source covered through Certificate of Origins. This indicator is part of Sustainbility Criteria of

2021 is the first year Elisa reports this indicator.

Elisa's Sustainability linked loan.

Environmental sustainability

GRI Indicators

Whether and how the precautionary approach or principle is addressed by the organisation (102-11)

The precautionary principle has been taken into account in accordance with statutory requirements.

Energy

Energy consumption within the organisation [GJ] (302-1)

Direct energy consumption by primary energy source 2019 2020 2021 Description Data includes
Usage of fossil fuels 9,363 9,946 9,148 Fossil fuels include
gasoline, diesel, and
burning oil.
Scope 2021 onwards: Elisa
Finland and Elisa Estonia
Usage of renewable fuels 0 0 0 Relatively small
amounts of biodiesel
not yet disclosed.
Total direct energy consumption 9,363 9,946 9,148
Indirect energy consumption by primary sources 2019 2020 2021 Description Data includes
Electricity 1,160,178 1,061,068 1,173,205 Scope: Elisa Corporation
Heating 51,797 38,628 46,224 Scope: Elisa Finland and
Elisa Estonia
Cooling 41,589 42,598 42,087 Scope: Elisa Finland
Total indirect energy consumption 1,253,564 1,142,294 1,261,516
Purchased
renewable
electricity
975,600 1,007,460 1,016,935 Purchased through
certificates of origin
(hydropower).
Usage of renewable electricity 1,159,994 1,060,921 1,164,973 All consumption, in
cluding rented sites.
Purchased
renewable
cooling
0 37,571 42,087 2021 onwards, all
district cooling is
renewable.
Scope: Elisa Finland
Sold energy (waste heat from datacenter) N/A N/A 18,966 2021 onwards, we
report sold energy.
Scope: Elisa Finland
Total energy consumption within organization 1,262,927 1,152,240 1,251,698 Total energy is calcu
lated as sum of direct
and indirect energy
minus sold energy.
Energy intensity [kWh/GB] (302-3) 2019 2020 2021 Description Data includes
Mobile networks electricity consumption per transferred gigabyte 0.15 0.12 0.11 Scope: Elisa Finland
Energy saved due to conservation and efficiency improvements [GJ] (302-4) 2019 2020 2021 Description Data includes
Reuse of server generated heat 41,588 42,598 60,469 Scope: Elisa Finland
Energy
efficiency
in
networks
(electricity)
26,963 22,842 77,376 2019 figure has been
retroactively revisited.
2021 onwards, the
Scope: Elisa Finland
calculation methodo
logy is improved.
2021 onwards, we
report energy savings
also from the fixed
network.
Elisa Ideal work 16,621 N/A N/A 2020 and 2021 repor
ting does not include
energy savings from
flexible work, to
better correspond
with the exceptional
pandemic circums
tances.
Scope: Elisa Finland
Total 85,172 65,440 137,845

Water and Effluents

2019 2020 2021 Description Data includes
Water withdrawal [ML] (303-3) The biggest water related aspects in Elisa
Municipal water N/A 18 22 operations come from the offices, where
it is assumed that the volume of water
withdrawal, discharge and consumption is
the same.
Scope: Elisa Finland and Elisa Estonia
Water discharge [ML] (303-4)
Wastewater N/A 18 22 We apply a level of granularity for water re
porting that is relevant for Elisa, compiling
information from our reporting system.
Scope: Elisa Finland and Elisa Estonia
Water consumption [ML] (303-5)
Water intake N/A 18 22 Scope: Elisa Finland and Elisa Estonia

Emissions

Total direct and indirect greenhouse gas (GHG) emissions by
weight [tCO2e, tonnes of carbon dioxide equivalents] (305-1
and 305-2) 2019 2020 2021 Description Data includes
Scope
1,
Direct
greenhouse
gas
emissions
650 666 597 Emisson compensation since 2020. Scope: Elisa Finland and Elisa Estonia
Scope
2,
Indirect
greenhouse
gas
emissions,
market-based
4,310 1,666 2,444 Emission compensation since 2020. 100%
renewable electricity used in Elisa Finland
and Elisa Estonia, in Elisa Finland additio
nally 100% renewable district cooling.
Scope: Elisa Corporation
Scope
2,
Indirect
greenhouse
gas
emissions,
location-based
71,340 59,760 53,588 Scope: Elisa Corporation

Other relevant indirect greenhouse gas emissions by weight

[tCO2e] (305-3 )

Sources of indirect Scope 3 emissions 2019 2020 2021 Description Data includes
Purchased
good
and
services
96,147 120,451 110,384 Historical data has been revisited with
updated emission factors.
Scope 2021 onwards: Elisa Finland and
Elisa Estonia
Capital
goods
39,901 33,911 38,272 Purchased base stations and other network
equipment.
Scope: Elisa Finland and Elisa Videra
Fuel-and
energy-related
activities
12,753 14,044 22,940 Historical data has been revisited with
improved methodology.
Upstream transportation and distribution 209 165 246 Transportation of goods to Elisa and to
Elisa's customers.
Scope 2021 onwards: Elisa Finland and
Elisa Estonia
Waste generated in operations 371 590 425 Emission compensation since 2020. Scope 2021 onwards: Elisa Finland, Elisa
Estonia and Elisa Polystar
Total 171,409 198,107 204,400
Investment N/A N/A N/A Not relevant: no significant credit mana
gement, production investments reported
elsewhere.
Franchises N/A N/A N/A Not relevant: no franchises.
Downstream leased assets N/A N/A N/A Energy consumption of operators with lea
ses is calculated in Scope 2 (Elisa purchases
100 % renewable electricity).
End-of-life treatment of sold products 655 906 1,032 Historical data has been revisited with
updated emission factors.
Scope: Elisa Finland and Elisa Estonia
Use of sold product 16,534 25,173 28,959 Historical data has been revisited with
updated emission factors.
Scope: Elisa Finland and Elisa Estonia.
Processing
of
sold
product
N/A N/A N/A Not relevant, no processing of products.
Upstream transportation N/A N/A N/A Not relevant, Elisa does not sell transporta
tion services.
Upstream leased assets N/A N/A N/A Energy consumption in rented sites is
calculated in Scope 2.
Employee commuting 2,180 1,369 1,736 Emission compensation since 2020.Histo
rical data has been revisited with improved
methodology.
Scope: Elisa Corporation
Business travel 2,659 1,498 406 Emission compensation since 2020. Scope: Elisa Finland, Elisa Estonia, Elisa
Santa Monica Oy, Elisa Videra Oy, Enia
Oy, Fenix Solutions Oy, Fonum Oy and
Kepit Systems Oy
GHG emissions intensity [kgCO2e/EUR] (305-4) 2019 2020 2021 Description Data includes
Scope 1 and Scope 2 emissions per revenue 0.003 0.001 0.002
Reduction of GHG emissions [tCO2e] (305-5) 2019 2020 2021 Description Data includes
Emission reductions in own operations
Emission
reduction
in
networks,
Scope
2
2,170 1,582 5,025 2019 figure has been retroactively revisited. Scope: Elisa Finland
2021 onwards, the calculation methodo
logy is improved.
2021 onwards, we report emission reduc
tions also from the fixed network.
Use
of
acquired
renewable
energy,
Scope
2
112,151 91,240 88,141 We report emission reductions from all the
use of acquired renewable energy.
Scope: Elisa Finland and Elisa Estonia
Reuse
of
capital
infrastructure,
Scope
3
N/A N/A 704 2021 onwards, we report emission reduc
tion from the reuse of network equipment.
Scope: Elisa Finland
Emission compensation N/A 6,750 6,450 Compensation boundaries have been
retroactively expanded 2020 onwards,
including remote work, and from 2021
onwards also business specific compensati
on commitments.
Elisa
Ideal
Work
(flexible
work
solutions),
Scope
3
6,084 N/A N/A 2020 and 2021 reporting does not include
emission reduction from flexible work, to
better correspond with the exceptional
pandemic circumstances.
Total 120,405 99,572 100,319

Waste

Waste generated [t] (306-3) 2019 2020 2021 Description Data includes
Total waste generated 1,014 1,009 645 Scope 2021 onwards: Elisa Finland, Elisa
Estonia and Elisa Polystar
Hazardous waste 242 401 293
Non-hazardous waste 772 608 352
WEEE
(Waste
Electrical
and
Electronic
Equipment)
303 321 145
Waste diverted from disposal by recovery operation [t] (306-4) All waste diverted from disposal are reco
vered offsite.
Total hazardous waste 218 364 262
Recyling 218 364 262
Total non-hazardous waste 772 608 351
Recyling 772 608 351
Composting 0 0 0.12
Waste prevented 989 972 613
Waste directed to disposal by disposal operation [t] (306-5) All waste is disposed offsite.
Total hazardous waste 24 37 31
Hazardous waste disposal 24 37 31
Total non-hazardous waste 0 0 1
Incineration(with energy recovery) 0 0 1

Environmental compliance

Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with environmental laws and regulations (307-1)

No non-compliances incidence in 2021.

SASB Indicators

Environmental footprint of operations (TC-TL-130a.1) 2019 2020 2021 Description Data includes
Total
energy
consumed
[GJ]
1,262,927 1,152,240 1,251,698 Only energy directly
consumed by the
entity during the
reporting period.
Scope: Elisa Corporation
Percentage
grid
electricity
[%]
92% 92% 94% Scope: Elisa Corporation
Percentage
renewable
[%]
92% 95% 95% Includes renewable
electricity and cooling.
Scope: Elisa Finland and
Elisa Estonia
PUE
(Power
Usage
Effectiveness),
12
month
average
weighted
figure
N/A 1.6 1.4 2021 onwards, we
include PUE data
from the 10 biggest
data centres of Elisa
Finland.
Scope: Elisa Finland
Product End-of life Management (TC-TL-440a.1) 2019 2020 2021 Description Data includes
Materials
recovered
through
take
back
programs
[t]
N/A 321 120 Scope: Elisa Finland and
Fonum Oy
Percentage
reused
[%]
N/A 0% 4% Scope: Elisa Finland and
Fonum Oy
Percentage
recycled
[%]
N/A 100% 96% 2020 figure has been
retroactively revisited.
Scope: Elisa Finland and
Fonum Oy
Percentage
landfilled
[%]
N/A 0% 0% Scope: Elisa Finland and
Fonum Oy

Own indicators

Science Based Target (SBTi) performance 2021 Description Data includes
T1 (Scope 1 and Scope 2) On
target
Scope: Elisa Corporation

Ensure renewable energy sourcing, and commit into increasing share of PPAs in renewables to increase the impact

100% of electricity used in Elisa Finland is from renewables source covered through Certificate of Origins. This indicator is

part of Sustainbility Criteria of Elisa's Sustainability linked loan. Scope: Elisa Finland

2021 is the first year Elisa reports this indicator.

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