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Caruna Group 1 January – 30 June 2022: Significant changes in the operating environment – the energy transition requires development of the electricity network at a rapid rate
Caruna's operating environment deteriorated significantly in the first half of 2022 due to the exceptional tightening measures taken by the regulator in the middle of the regulatory period, as well as the general increase in costs. The alterations to the regulation model will cause the company's permitted returns to decrease by approximately 40 per cent this year in comparison with 2021. The changes will show in the revenues of the years to come. The Group's net sales from January to June amounted to EUR 253.6 (258.9) million, and it invested EUR 58.5 (60.9) million.
Noora Neilimo-Kontio appointed as Caruna's CFO and deputy CEO
Caruna's SVP People, Public Affairs & Regulation, Noora Neilimo-Kontio, MSc (Econ.), was appointed as Caruna's CFO and deputy CEO as of 13 June 2022. She reports to CEO Jyrki Tammivuori.
Jyrki Tammivuori appointed CEO of Caruna as of 13 May 2022
Caruna’s Board of Directors has appointed Jyrki Tammivuori, M.Sc (Econ) CEO of Caruna as of 13 May, 2022. Tammivuori has been working for Caruna since 2015, first as CFO. Since 2018 Tammivuori has held the position of CFO and deputy CEO at Caruna. Tammivuori was appointed Acting CEO of Caruna in March 2022.
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.
Electricity distribution company Caruna's business largely meets the criteria of EU Taxonomy for sustainable activities
Caruna has carried out an assessment of the sustainability of its operations concerning mitigation of and adaptation to climate change. According to the assessment, 99.7% of Caruna's net sales and 99.1% of investments are in line with the EU taxonomy for sustainable activities. The assessment was carried out in accordance with the technical screening criteria for assessing the electricity transmission and distribution industry. Sustainability consulting company Third Rock assisted in the assessment.
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.
Caruna’s Annual Report 2020 published
The Caruna Group (Caruna) Annual Report for 2020 has been published. The Annual Report also includes the Corporate Responsibility and the Corporate Governance sections, and the 2020 Financial Statements as a separate PDF file.
Hats off to the municipalities in Caruna's network area for occupational safety
Safety is a team effort at Caruna. We are not satisfied with fulfilling the letter of the law – we want to do more. That is why during the last 18 months, we have provided safety training for almost 700 employees of municipalities and their partners within the 51 municipalities of our network area. Safety
Caruna awarded the best classification in occupational safety by the Zero Accidents Forum
The Finnish Institute of Occupational Health's Zero Accidents Forum has once again issued safety classifications to its member companies. As in the previous four years, Caruna is in the best category: Among the best in the world.