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Caruna's Annual Report 2021 published
The Caruna Group (Caruna) Annual Report for 2021 has been published at caruna.fi/vuosiraportti2021. The Annual Report contains sections on Corporate Responsibility and Governance and, as separate pdf files, also the ESG indicator section that summarises number data, as well as the financial statements for 2021.
CEO of Caruna to change
Tomi Yli-Kyyny, CEO of the electricity distribution company Caruna, has announced his resignation to assume a new position outside Caruna. He will continue in his current position until 1 May 2022, ensuring a smooth transfer of duties and responsibilities to his successor.
Occupational accidents have declined by half in 2017–2021 – electrical accidents have not
Accident statistics collected by electricity distributor Caruna from work sites in its network area have revealed a worrying trend. Although there has been a significant reduction in occupational accidents, electrical accidents are still the most common among electrical professionals, and the number of these accidents has not decreased. Caruna's safety data has now been collected on the seif.fi website, where the causes that led to safety deficiencies, and the conclusions, can be found.
A new organisation to support Caruna's updated strategy
Caruna's organisation and the composition of its Management Team are changing to align more closely with the company's updated strategy. The new organisation will consist of four units: Network Management and Operations, headed by Elina Lehtomäki; Customer Value and New Ventures, headed by Kosti Rautiainen; Company Services, headed by Jyrki Tammivuori; and People, Public Affairs and Regulation, headed by Noora Neilimo-Kontio. The company's Management Team will consist of CEO Tomi Yli-Kyyny and the four unit heads. Caruna's Change Management Office will be headed by Katriina Kalavainen.
Construction of Sinimäki primary substation and related 110 kV underground cable connection begins in Espoo – effects on traffic arrangements
In the next few years, a new substation will be built in Sinimäki to meet the needs of growing electricity consumption and to support Espoo's carbon-neutral strategy. An underground high-voltage cable of six kilometres will also be installed during the project to connect the substations in Leppävaara and Sinimäki.
A carbon-neutral future is the common goal of Espoo and Caruna – cooperation agreement signed
The City of Espoo and electricity distribution company Caruna Espoo Oy signed an agreement on strategic cooperation on March 31, 2021. The aim of the cooperation is to support Espoo's growth and carbon-neutrality targets with a strong electricity network that meets future energy needs, enabling clean energy solutions for Espoo residents and companies.
AMF, Ontario Teachers’ Pension Plan Board and KKR become new shareholders in Caruna alongside Elo
Ontario Teachers' Pension Plan Board (Ontario Teachers’) and KKR have each acquired a 20% holding in Caruna, Finland’s largest electricity distribution company, from First Sentier Investors (FSI). In a separate transaction that also completed today, AMF has acquired Keva’s 12.5% holding in Caruna. Both transactions have received all necessary regulatory approvals.
Caruna offers its private customers a free three months' respite for payment and expedites the payment of invoices to contractors
The option to extend the payment deadline applies to all of Caruna's private customers, around 600,000 in total. By this measure, Caruna wants to do its part in helping to alleviate the financial impacts of the coronavirus epidemic on its customers.