Sustainability is a key part of our work. We have built a strong foundation for our role as a pioneer in ending homelessness, both in Finland and internationally. Human rights are at the core of our operations and values, emphasizing everyone’s right to a home and a life of dignity.
Y-Säätiö will celebrate its 40th anniversary in 2025. Over the decades, we have built a strong foundation for our role as a leader in tackling homelessness in Finland — a model that has inspired international efforts to end homelessness.
Sustainability is an important part of our work.We have built a strong foundation for our position as a pioneer in eradicating homelessness, both in Finland and internationally. Human rights are at the heart of our operations and values, emphasizing everyone’s right to a home and a life of dignity.
Y-Säätiö’s 2024 Sustainability Report largely follows the structure of the ESRS standards. In this way, we have prepared for the sustainability reporting obligation, based on the EU Corporate Sustainability Reporting Directive (CSRD), which will enter into force in 2025, in accordance with the requirements of current legislation. We published our first responsibility report in 2020, and in 2022 and 2023 the reporting was conducted in line with the GRI framework.
Sustainability is an integral part of all Y-Säätiö’s activities. The Group CEO, together with the Management Team, is responsible for operational sustainability work. The Sustainability Team prepares the work, coordinates its implementation, and reports on progress both at the unit level and across the Group to the Management Team. In practice, sustainability work is carried out in collaboration with all employees, residents, and partners.
During 2024, Y-Säätiö has prepared for CSRD reporting through the work of a CSRD Team, formed from members of the Sustainability Team, and a CSRD Steering Group, consisting of members of Y-Säätiö’s Management Team. At its meeting on 16 December 2024, Y-Säätiö Board concluded that the presented preparations for sustainability reporting were sufficient, and that the practical work of preparing the report’s content should be carried out by the Foundation’s management and experts.
The key stakeholders in Y-Säätiö’s sustainability review include the Foundation’s founding members, who also influence the composition of the Board: City of Espoo, City of Helsinki, Church Council, Finnish Construction Trade Union, Confederation of Finnish Construction Industries RT, Association of Finnish Local and Regional Authorities, MIELI Mental Health Finland, Finnish Red Cross, City of Tampere, City of Turku, and City of Vantaa.
In addition to the Board, other significant stakeholders include, among others, Municipality Finance Plc, STEA (Funding Centre for Social Welfare and Health Organisations), the State Housing Fund (Varke), and the State Treasury. Decision-makers and the media also have a significant impact on the Group’s operating conditions.
Y-Säätiö is an active member of several industry networks and organisations, such as FEANTSA, FIBS, Helsinki Region Chamber of Commerce, Finnish Real Estate Management Federation, Real Estate Employers, KOVA (Association for Affordable Rental Housing), Criminal Sanctions Foundation, RAKLI (The Finnish Association for Building Owners and Construction Clients), SOSTE (Finnish Federation for Social Affairs and Health), Valo-Valmennusyhdistys, and Green Building Council Finland (GBC Finland).
Y-Säätiö reports on sustainability annually. Read the 2024 Sustainability Report.