Commitment to Carbon Neutrality
Hanken has signed the Climate Emergency Letter, an initiative started by SDG Accord - the university and college sector's collective response to the global goals.
By signing the letter, Hanken has committed to becoming carbon neutral by 2030 among other commitments.
Hanken's short term goals towards a sustainable campus
Since 2010, we have been using World Wildlife Fund’s Green Office Environmental Management System and have undertaken many initiatives over the years to be a Green Office. The latest environmental programme can be found below which highlights our goals and objectives for carbon neutrality.
Our calculated carbon dioxide emissions from 2021 are 556 CO2 metric ton including the emissions from employee travel, electricity and heating, paper usage, IT procurement and generated waste. Our main tool for calculating the emissions is the WWF Green Office Climate Calculator. We have offset our calculated carbon footprint annually for the last two years. We are currently working on incorporating more Scope 3 categories in our CO2 footprint calculations, to comprehensively calculate our full carbon footprint.
Our current goal is to reduce our CO2 emissions by 6% each year (2018 baseline), calculated in accordance with the Science-Based Target initiative.
Areas of Improvement
Our asset management aims to reflect Hanken's leading position as a higher education institution for management education. In the investment business, factors related to environmental impact, social responsibility and good administrative practice are taken into account. Hanken also presumes that asset managers and other partners have committed themselves to take responsibility aspects into account by, for example, signing the UN Principles for Responsible Investment (UNPRI). Hanken is a member of Finland's Sustainable Investment Forum (Finsif) since 2021.
Hanken has operational solar panels on the roof of Helsinki campus main building. The solar panels currently produce 10 MWh and the target is 42 MWh. Hanken also has operational solar panels on the roof at Vaasa campus.
Since January 2022, Hanken has transitioned to emission-free district heating for the Helsinki campus. District-heating in Vaasa will be carbon neutral starting 2023. Both electricity in Vaasa and Helsinki is carbon neutral.
Hanken has no vehicles. We are currently in the process of mapping the environmental impact of our rented spaces. All of our buildings have waste sorting.
Travelling by air constitutes the largest part of our emissions. We have revised our travel guidelines to integrate sustainability principles and our ambition of becoming carbon neutral.
We are currently working on creating a playbook for organising sustainable events and it will be published soon.