We live in a time of unprecedented climate crisis. Every year, the planet gets warmer and closer to a point of no return. This poses serious threats to our environment, our economy, and our society.
But there is hope. At the COP28 meeting, the world’s leaders agreed to phase out fossil fuels and work together towards a greener future. The European Union is leading the way globally with its “Green Deal”, showing how we can transition to a low-carbon economy without leaving anyone behind. However, this massive transformation must include small and medium-sized enterprises (SMEs), which generate more than 50% of GDP, employment, and emissions in the EU. For climate action to be effective, SMEs need to manage their climate risks, and embrace the business opportunities arising from the green transition. Simultaneously tightening sustainability regulation requires financial institutions to report and manage their climate and sustainability risks. Consequently, the engagement of financial institutions will drive SMEs to manage Environmental, Social, and Governance (ESG) opportunities and risks.
That’s where we come in.
esgResilience is a software as a service (SaaS) platform that helps SMEs and their stakeholders understand their climate impact and improve their ESG performance. Our platform collects real company data and transforms it into actionable insights, which is fully compliant with the green finance standards and sustainability reporting regulation.
With esgResilience, SMEs can monitor their carbon footprint, assess taxonomy eligibility and alignment, identify areas for improvement, benchmark performance against peers, and communicate their progress to customers, investors, and regulators. Reporting and analytics meet the needs of financial institutions and other stakeholders for real company data. Whether you are an SME owner, SME client, investor or financial institution, esgResilience can help you achieve your sustainability goals and create value for your business and society.
To enable SMEs and their stakeholders to measure, manage, and communicate their climate impact and ESG performance with data-driven solutions.
To be a leading provider of sustainability solutions for our clients and a catalyst for the green transition
We value nature, innovation, collaboration, and integrity
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The Paris Agreement in 2015 was a wake-up call for the finance sector. It signaled the urgency of addressing climate change and sustainability in the business world. However, it took some time for these issues to become mainstream and widely accepted.
Our founder, Jukka Honkaniemi, witnessed this gap firsthand during his banking career. He noticed how business operations and sustainability were often treated as separate topics, rather than interconnected aspects of value and risk. This sparked his curiosity to explore how ESG factors – environmental, social, and governance – relate to financial value and risk. His research led to a doctoral thesis on the institutionalization of ESG, a landmark achievement in advancing the integration of sustainability in finance. Upon starting as sustainability entrepreneur, he also realised importance of SMEs in the green transition and the vital role of financial institutions in driving this change. After starting his new career as a sustainability entrepreneur, he recognized the crucial role of SMEs in the green transition, as well as the pivotal importance of financial institutions in facilitating this change.
The esgResilience story began in April 2020 with an extensive feasibility study that confirmed a market need for tools and services to support SMEs on their sustainability journey. The study also highlighted the growing demand for ESG data from various stakeholders. In 2021, we partnered with Citrus Solutions Oy, a technology company, and refined our business concept. In 2022, we launched a beta version of our service, tested MVP with a select group of SMEs and presented the business concept to several potential financial sector clients. Encouraged by the extremely positive feedback and high interest we took decisive action. In the spring of 2023, we launched the website and the production version of the esgResilience data collection and reporting application.
"I had the opportunity to test the esgResilience service during its pilot phase and was pleasantly surprised by the overall experience. Relatively little of my own working time was spent on data entry, and given the time spent, the report produced by the system surprised with its breadth and clarity Highly recommend!"
"I was among the first to become interested in the esgResilience service and had the opportunity to provide feedback on its usability from the housing companies’ perspective. The forms designed for climate risk mapping were easy and clear to fill in. The service provided an interesting overall picture and summary of the housing company's emissions and climate risks. In my opinion it was very useful to have the opportunity to participate in the development of this sustainability service and reporting from the real estate perspective."
"The esgResilience questionnaires tailored for assessing the sustainability of a company's business operations were relatively quick and simple to fill out. The report delivered by the service was easy to understand and, from the respondent's perspective, provided interesting information with surprisingly little effort. Going through the sustainability questions and report was very educational and helps us focus on the material things in sustainable business development. We recognize that these matters will increasingly attract the attention of our customers and other stakeholders in the future."
"Responding to the esgResilience survey and reviewing the report was useful, indicating our company’s main sources of GHG emissions and where we should focus our efforts regarding sustainable business development. We also learned more about climate risks and key concepts related to sustainability reporting. We felt that responding to the questionnaires and going through the report was good preparation for the future, as tightening sustainability reporting requirements will also impact SMEs through stakeholders."
We had appointed our Marketing Director to take charge of our ESG by focusing on reducing the environmental footprint of the packaging components, extending useful life of our products, and looking at the impact of component transportation. The analytics from esgResilience provided us with a valuable overall picture of our emissions profile, which indicated that our company's emissions are below average, and our production process is highly energy efficient. A key finding was the need to focus on the emissions from the electricity used by our products over their long lifespan. We understood that it is important to look at the annual emissions of our products in addition to the whole life emissions, especially as we aim to extend the life of our products. Overall, the exercise was simple to complete providing valuable analytics and insights supporting company’s strategic actions. I warmly recommend the esgResilience service.
In Puuha Group's strategy, ESG is the reference environment that we take into account in our daily operations. To ensure the sustainability of our business in all its aspects in the future, we have assessed the carbon footprint of both our company and our products over the past year, set a target timetable towards carbon neutrality and prepared for tomorrow with a climate risk analysis provided by esgResilience. esgResilience produced a report that brings great clarity to a complex topic, helping us to develop our operations in an increasingly responsible way.
