At Vestum, sustainable companies are our business concept. We see our sustainability work as an important competitive advantage. We acquire and develop specialist companies in the construction, and the infrastructure industry. And we have a holistic perspective on sustainability which is integrated into our business model, investment strategy and investment criteria.

We want to make a difference in society, we want our company's products and solutions help customers become more sustainable and create long-term values ​​for society.

Vestum's subsidiaries, which vary in size and focus, have reached different stages of maturity in sustainability work. Some companies work methodically and measure ongoing results and improvements. Development is underway in other companies. Within their specialist areas, the companies have knowledge and experience regarding environmental issues, quality and how good working conditions are ensured, which partly meets the client's requirements, and partly contributes to the development of new solutions and standards within the industry. All acquisitions consist of well-managed businesses with company managements that have a great commitment to sustainable business solutions in an industry that has to deal with many challenges.

There are several sustainability challenges in the construction industry and infrastructure industry. The sector is one of the sectors with the biggest environmental impact through its material choices and waste, transport, machinery and construction methods.

The need for natural resources and the climate impact from our activities on the environment and climate contribute to a desire to develop smart solutions for a more resource efficient use of resources, reduced carbon dioxide emissions and new circular solutions.

The industry is also one of the most risky in terms of occupational accidents and occupational diseases among employees. Necessary care regarding safety aspects for employees at construction sites, railways and facilities places demands on how work is carried out, who enters workplaces and how long employees are allowed to work during the day. Confidence in the industry is also threatened by the prevalence of fraud around workers' minimum wages, working hours and taxes. Al companies must be able to meet high requirements in order to claim to be sustainable, which affects Vestum's subsidiaries as well as their customers.

Our sustainability framework

Sustainability is a business-critical area for Vestum and strategically significant for our continued growth. We rely on the Global Compact's Ten Principles and the UN's Sustainable Development Goals, and proceed from our most important stakeholders' expectations of us and materiality.

Vestum's materiality analysis is based on interviews and close cooperation with certain stakeholder groups. The analysis and the framework will be developed as we gain in-depth knowledge of the stakeholders' needs and views. For the most important sustainability issues, Vestum has currently formulated objectives, risks and opportunities and a number of possible key figures for follow-up and performance measurement.

Depending on our ability to influence, work on sustainability issues takes place in various parts of Vestum's value chain, from products at suppliers to how the subsidiaries' goods and services are used by the end consumer.

We want to take a big responsibility because even a small influence can result in changes. Our essential sustainability issues have been organized into four focus areas. One of the areas, Sustainable growth, is crucial for Vestum's growth and long-term trust among stakeholders and thus an essential part of the group's sustainability. Vestum's ability to make the right company acquisitions, grow while maintaining a strong financial position and meet customers' quality requirements takes place in other parts of the day-to-day operations, and is not evaluated within the framework of sustainability work.

 

Organizational responsibility

The Vestum Group Board of Directors establishes the overall sustainability strategy with objectives, follow-up and performance measurement.

Vestum's Group CEO is ultimately responsible and ensures together with the Vestum Group Management Team and the ESG Director  that sustainability work forms part of the Vestum Group's overall business strategy, that sustainability risks in the group are managed, that Vestum's approach to sustainability issues is implemented and communicated in acquisitions and in the management of subsidiaries so that sustainability becomes an integral part of the business.

The Division Manager is responsible as chairman of the board in the subsidiaries that sustainability risks are controlled, that opportunities within the sustainability work are taken care of and via results meetings for the sustainability follow-up in the companies.

The ESG Director support the group-wide work and together with the Division Managers ensure that sustainability issues are integrated into the day-to-day operations of the subsidiaries.

The CEO of the subsidiaries is responsible for ensuring that environmental and work environment work is carried out in the company, that laws and regulations are followed, and that sustainability work is implemented among employees and in the business.