Climate action
Action to combat climate change
The fight against climate change is the single most important challenge in the world today, necessitating immediate action from companies. Our business is closely tied with the wellbeing of our environment. Our naturally derived ingredients come from a rich Nordic nature, and we see first-hand the importance of environmental conservation and restoration to ensure the long-term prosperity of the Nordic nature.
Our goal is to reduce our CO2 emissions (Scope 1, 2, 3) by 42% by 2030 from a 2021 base year. Our climate actions have historically been focused on reducing our direct emissions (Scope 1 and 2), and we succeeded to decrease scope 1 and 2 emissions by 88% at our main site in Espoo, Finland, between 2018 and 2021.
In 2023, we officially committed to the Science Based target initiative’s (SBTi) near-term objective with our reduction targets aligning with the 1.5°C goal of the Paris Climate Agreement to reduce 42% of our Scope 1, 2 and 3 emissions by 2030. With this we give a strong message to our business partners to work with us for emission reduction.
Wetland restoration to protect the Nordic nature and biodiversity
At Lumene Group, we recognise that biodiversity is the basis of our lives. It is significant for human life because we depend on the existing diversity in nature. The preservation of biodiversity is therefore becoming increasingly important and has an impact on companies and their business activities.
Lumene Group funds the Finnish Association for Nature Conservation (FANC) in restoring local wetlands, which are the biggest permanent carbon storages and essential parts of biodiversity in Finland. Many of our active ingredients are wildcrafted from Nordic and Arctic Nature, highlighting the vital role of wetland restoration for our work.
By restoring the wetlands, we can help slow down climate change by regenerating natural carbon storages and by preventing carbon release into atmosphere. Also, the wetland biodiversity is revitalised by the restoration. Measuring improvements in wetland biodiversity is challenging, but there are promising signs of new species appearing in the restored areas.
Together with FANC, we raise awareness about biodiversity to encourage more environmentally conscious behaviour among stakeholders, supporting efforts to mitigate biodiversity loss.
See more of our achievement in our Sustainability report 2024 here.