Sustainability Report 2023: We promoted sustainability comprehensively

News 12.4.2024

The Algol Group Sustainability Report 2023 has been published. In the report, we present a summary of the actions and results of 2023, as well as our short-term sustainability goals. The Group is reporting on its sustainability for the second time, and the report focuses on companies wholly owned by Algol. 

“Compiling the Sustainability Report also helps us to view our operations from partly new perspectives, which in turn helps us to develop. Sustainable operations are often also more efficient, stable and safe. At the same time, sustainability creates opportunities and points the way towards future growth”, says Alexander Bargum, CEO of the Algol Group.

Algol’s sustainability highlights in 2023: 

– Information security attendance rate among employees: 96.5% (2022: 45.8%)
– Double materiality analysis conducted in Algol Chemicals highlighting climate and safety themes 
– Supplier Code of Business Conduct signature rate: 77.6% (2022: 72.1%)
– Review and target setting discussions:  94.2% (2022: 92.9%)
– Recycled waste: 55.97% (2022: 49.52)
– Safety observations: 2262 (target: 1460)

Further information: 
Tor Edgren, Sustainability Manager, +358 50 525 7625,
Tuulikki Suihkonen, Communications Manager, +358 50 346 7248,

Algol in brief

Algol is a family-owned business and multi-branch group with more than 130 years of experience in international trade. Our subsidiaries import, market and manufacture products for industry and the healthcare sector. In addition, Algol Group 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.