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    OKDBV   FI0009014351

ORIOLA OYJ

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Close collaboration with our suppliers is important for our goal of carbon neutrality

11/10/2021 | 02:55am EST

Oriola aims to become a carbon neutral company by 2030, which means we must reduce our operations' carbon dioxide emissions to zero. Our goal covers all emission groups: direct emissions; emissions from purchased energy; and other emissions in the supply chain.

"The emissions generated in our supply chain represent the biggest share, over 70%, of our carbon footprint. In practice, the supply chain emissions come from packaging materials, transporting goods, waste, business travel and employee commuting. As distribution operations are the core of our business, transport emissions have a great significance for our indirect emissions," says Sanna Veräjänkorva, Environmental Manager at Oriola.

As Oriola's suppliers and partners affect our environmental performance, close collaboration is crucial to identify improvements and cut emissions.

"For us, suppliers' active environmental work is important, and we have integrated the sustainability criteria in our supplier assessment. If we think of transport, we can reduce emissions in our distribution centres by for example improving filling rates of transport boxes, but for a wider impact we work closely with our transport partners. To ensure development in the right direction, we also require regular reporting of emissions from these partners," notes Veräjänkorva.

Emissions savings equivalent to the annual energy usage of 26 homes

Oriola delivers medicines and other health and wellbeing products daily to around 2,200 customers - pharmacies, healthcare operators, veterinarians and retailers - in Finland and Sweden. Our transport network is handled entirely by our suppliers. We work closely with our partners to cut emissions by for example optimising routes, using capacity efficiently and expanding the use of alternative fuels.

Using more renewable biofuels is one of our recent initiatives in Finland. For example, in our pharmacy deliveries in the Helsinki Metropolitan Area, the share of biofuels increased to nearly 95% in the first half of 2021, compared with 40% in the same period in 2020. Our greater use of biofuels corresponds to an annual emissions reduction of 240 tonnes of CO2, or around the same as from the annual energy usage of 26 homes.

"Major share of our daily deliveries go to pharmacies in the Helsinki Metropolitan Area, so this improvement is significant to our environmental performance," says Veräjänkorva.

Alternative fuels have also been a focus in Sweden in 2021. Our transport partners have introduced biogas vehicles to a daily route from our central warehouse in Mölnlycke to our distribution centre in Enköping, and to Oriola's weekly route to Oslo, Norway.

Disclaimer

Oriola Oyj published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 07:54:04 UTC.


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Sales 2021 1 877 M 2 130 M 2 130 M
Net income 2021 9,78 M 11,1 M 11,1 M
Net Debt 2021 192 M 217 M 217 M
P/E ratio 2021 37,0x
Yield 2021 2,59%
Capitalization 367 M 416 M 416 M
EV / Sales 2021 0,30x
EV / Sales 2022 0,31x
Nbr of Employees 2 895
Free-Float 71,7%
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Number of Analysts 3
Last Close Price 2,03 €
Average target price 2,25 €
Spread / Average Target 11,1%
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Managers and Directors
Elisa Markula President & Chief Executive Officer
Antti Juhani Elevuori Chief Financial Officer
Panu Henrik Routila Chairman
Charlotta Nystr÷m Chief Information Officer
Anne Kariniemi Vice President-Operations
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