We create more sustainable and attractive cities and living environments. Explore YIT Group's structure, businesses and operating countries.
Strategy, vision, mission and values
Creating better living environments
We believe that our success is based on sustainable development.
Continued urbanisation increases the demand for sustainable, attractive and vibrant urban environments. Needs are diversifying and demands are growing. At the same time, mitigating climate change and promoting biodiversity require new ways of using resources. The circular economy and life-cycle thinking will become more critical.
Our fundamental mission is to build functional and sustainable homes and living environments in growing cities, to make sustainable living and living easy. We also develop, build and renovate schools, hospitals, commercial and public facilities and infrastructure.
YIT strategy 2022–2025: Creating sustainable success through sustainable living
A key objective of our strategy is to seek growth in the housing business and improve profitability.
We will implement the strategy through three strategic focus areas: customer, productivity and responsibility.
YIT Strategy 2022-2025
In the Housing business, we will continue to build functional and sustainable homes and living environments to enable sustainable living. In Housing, we aim to seek growth in growing cities in Finland, Poland, the Czech Republic and Slovakia. By the end of the strategy period, we aim to grow our turnover by more than 20% and achieve an operating profit margin of more than 10%.
The Infrastructure and Business Premises businesses will play an important strategic role. In both Business Premises and Infrastructure, we will leverage our expertise to deliver strong operating profit and stable cash flow. In Infra and Business Premises, we focus on profitable core competencies, project selection and efficient project execution. In both segments, we aim to achieve an operating margin of more than 4% by 2025.
ESG strategy will set new standards for the industry
In terms of environmental criteria, we are committed to the Science Based Targets (SBTi) initiative to limit global warming to 1.5 degrees Celsius in line with the Paris Climate Agreement. In November 2021, YIT became the first Finnish construction company to commit to the Science Based Targets (SBTi). The Science Based Targets (SBTi) were adopted by YIT in June 2023. With this commitment, we are strengthening our climate work and aiming to reduce both our own and our customers' emissions.
In terms of social criteria, we will continue our work to improve society and build a better living environment. We aim to achieve a 30% reduction in workplace accidents by 2025. We will invest in strengthening well-being at work and personal growth.
On governance criteria, we will continue our rigorous approach to the grey economy. We will not tolerate corruption, labour exploitation and discrimination.
We will also promote our ESG objectives throughout our supply chain. We hold our suppliers to the same environmental, social and governance standards we have set ourselves. We believe this will set new standards for the industry.
Financial targets
We will measure the success of our strategy by new Group financial targets to be reached by the end of 2025:
- Operating profit margin: 6%
- Gearing: less than 50%
- Dividend: stable growth
Mission
Creating better living environments - sustainably
The mission is the operating policy of our company and the reason why we exist. It answers the questions of what we want to do as a company and what we want to achieve. In our mission we have a strong customer focus and a clear purpose. As a developer and builder of better living environments, we have an important role to play in developing emission-free solutions for the built environment and in enabling our customers to live a sustainable and smooth everyday life.
Vision 2030
We are the expert partner in developing sustainable homes, spaces and cities - for a good life
YIT's success is built on a diverse set of skilled professionals. We want to find and employ the best people so that we can offer our clients a broad range of expertise, representing technical, technological, social, economic and societal understanding and ability. In an ever-digitising world, we want to ensure that YIT has the best people.
YIT aims to be the expert partner. We work closely with our clients, trying to understand their needs, even those that cannot always be expressed out loud. Our relationship with our customers is close and interactive. We cultivate a strong reputation as a collaborative, creative and constructive partner that delivers on its promises and more.
For YIT, sustainability is not just about being green, but about being responsible for the environment, people and the company's operations. Sustainability guides everything we do at YIT; we not only follow trends and standards but strive to be one step ahead of the curve. Through technological innovations, decades of expertise, and the extensive know-how of our teams, we are ready to challenge the obvious.
At YIT, we understand our customers - businesses, public operators and citizens - who create a living environment and live in the homes we build, move around cities and work in the buildings we build. We do not offer one-size-fits-all solutions, but build on a deep understanding of people and a wide range of knowledge about living well.
The good life is also relevant for our people. We want to provide a safe working environment and opportunities to learn, develop and grow with the company.
Values
Respect
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We care about our customers and personnel
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We look for environmentally sustainable solutions
Cooperation
- We are open and share knowledge
- We involve and partner to succeed
Creativity
- We trust and build a positive spirit
- We empower people to innovate and challenge
Passion
- We aim high with quality, expertise and results
- We work ethically and keep our promises
