Climate change risks

In 2025, the Group strengthened its climate change preparedness by formalising a methodology for assessing climate change mitigation and adaption.

In the first phase of the study, a comprehensive impact assessment was carried out in Caverion Finland. The assessment was based on the hazards described in the EU Commission Delegated Regulation (EU) 2021/2139. A screening process was conducted to identify relevant acute and chronic climate hazards, after which internal experts assessed risks linked to the Group's operations, project and service delivery. 

The assessment considered the likelihood, severity and duration of the identified hazards, as well as the geographical characteristics and exposure of operating regions. Potential impacts on employee health and safety, project execution, supply chain continuity and financial performance were evaluated. The assessment will be reviewed annually, considering material changes in the Group's operations, changed regulations and updated scientific knowledge. 

Evaluation of physical risks and transition risks 

Physical climate risks were evaluated based on defined time horizons: short term (current and previous financial year), medium term (1–5 years) and long term (more than 5 years). 

Transition risks arise as a result of the global transition to a low-carbon economy, including stricter climate regulations, carbon pricing mechanisms, technological developments and evolving customer and investor expectations. The long lifespan of many customers' facilities means that long-term regulatory trends and market developments are important in strategic decision-making. 

The Group can support climate adaptation by enhancing operational resilience and by offering solutions that improve energy efficiency, cooling capacity and the overall resilience of buildings, industry and infrastructure. Thus, climate considerations are embedded in strategic planning, risk management and service development processes. 

The significant climate risks and opportunities will be reported as part of the 2026 sustainability report.