Our 2024 Sustainability Statement has been prepared for the first time in accordance with the structures and principles of the European Sustainability Reporting Standards (ESRS). The EU’s Corporate Sustainability Reporting Directive (CSRD) is still voluntary for Algol. The development work that has been undertaken for the 2024 Sustainability Statement will provide the basis for Algol’s future sustainability reporting.
The Statement is based on double materiality assessments. In the 2024 Statement, in addition to general information, the following emerged as key topics:
Environmental responsibility
E1 Climate change
E2 Pollution
E5 Resource use and circular economy
Social responsibility
S1 Own workforce
S2 Workers in the value chain
S4 Customers and end users
Governance
G1 Business conduct
“Building a responsible and sustainable business is the task of our entire organisation. Our Sustainability Statement highlights our ongoing work to ensure and develop sustainability. Our values – accountability, collaboration and development – inspire this work even without reporting obligations, as they have done since 1894”, states Alexander Bargum in his greeting.
Algol Group’s sustainability highlights in 2024:
- The Statement covers, where applicable, all companies within the Algol Group: Algol Chemicals, Algol Diagnostics, Algol Trehab, Histolab Products, and Suomen Unipol.
- Double materiality assessments were conducted at Algol Chemicals and Algol Technics. In the other business units, this work was initiated at the end of 2024.
- We published new policies that guide operations, ensure regulatory compliance, and support sustainability.
- We advanced our climate work. Scope 1–2 emission calculations were completed at the Group level. Scope 3 calculations were further developed, with Algol Chemicals taking the lead.
- Employee wellbeing and job satisfaction are supported through regular review and target setting discussions and feedback from employee surveys. In 2024, 97.2% of employees had participated in these discussions (2024: 94.2%). Our goal is to achieve a 100% participation rate.
- We are committed to proactive occupational safety. A total of 2262 safety observations were recorded (target: 1460).
Explore Algol’s Sustainability Statement
Further information:
Tor Edgren, Sustainability Manager, +358 50 525 7625, tor.edgren@algol.fi
Tuulikki Suihkonen, Communications Manager, +358 50 346 7248, tuulikki.suihkonen@algol.fi
Algol in brief
Algol is a family-owned business and multi-branch group with more than 130 years of experience in international trade. Our companies import, market and manufacture products for industry and the healthcare sector. In addition, Algol companies offer services related to their business areas, such as design services, tailored delivery solutions, and installation, maintenance and training services. We are building a successful and sustainable future for our partners. Algol employs nearly 500 experts in ten different countries.