Management and reporting

Koskisen’s operations are based on forestry that takes biodiversity into account and on processing wood into long-lasting, carbon-storing products. Wood raw material is used efficiently, with the aim of generating value for customers, partners, and society. Long-lasting wood products support the transition toward a low-carbon future and promote the wise use of natural resources.

Responsibility is part of daily operations at all levels of the organization. Since the business is based on forests, environmental and climate impacts, alongside social aspects, are at the core of the strategy. The Board of Directors addresses related matters regularly according to its annual cycle and is responsible for the company’s annual report. The Executive Management Team ensures that these aspects are implemented within the business units. This way, responsibility is embedded in business and development.

Koskisen’s work in this area is carried out and reported in line with the EU Corporate Sustainability Reporting Directive (CSRD) as part of the financial statement. The material aspects of sustainability have been identified through a double materiality analysis as follows:

Biodiversity and ecosystems (E4)
The impacts of wood raw material procurement and risks related to
biodiversity development on the availability of raw material
Climate change (E1)
Carbon sequestration in wood products, operational emissions,
energy consumption and climate issues related to wood raw material
procurement
Circular economy (E5)
Renewable raw materials, impacts and regulatory risks related to side
streams, use of recycled materials and use and availability of other key
resources
Own workforce (S1)
Koskisen’s position as a significant local employer, the impacts and risks
associated with freedom of association and the health and safety of
employees
Employees in the value chain (S2)
Pollution (E2)
Affected communities (S3)
Water and marine resources (E3)
Business conduct (G1)
Consumers and end-users (S4

Although all sustainability topics are important for Koskisen, and the activities avoid causing harm to any stakeholders, some of the topics were found to be non-material in the ESRS sense so far.

The ESRS defines primary users of general-purpose financial reporting (existing and potential investors, lenders and other creditors) as users of
sustainability statements. Therefore, Koskisen’s material sustainability aspects concern topics which, in the light of current knowledge, are considered material to a holistic understanding of Koskisen’s value creation.