VR is focusing its logistics business on rail transport and is selling its road logistics unit to the investment company Mutares. As a result of the transaction, the personnel working in road logistics and customer contracts will be transferred to a newly established company. The completion of the transaction requires approval of Finnish Competition and […]
The international Science Based Targets initiative (SBTi) has verified VR’s near-term target and long-term targets for reducing greenhouse gas emissions. The targets are aligned with the level of reduction needed to limit global warming to 1.5°C. VR aims for reducing half of its emissions during the next seven years and reaching net-zero emissions by 2040. […]
The sustainability collaboration between the companies is taking a significant step forward as VR commits to using as much renewable diesel in its rail traffic as is consumed by UPM Plywood’s transport of plywood from the Pellos plant to Kouvola and Kotka. This is VR’s first HVO (Hydrotreated Vegetable Oil) concept for rail logistics, whereby […]
VR-Group Plc (VR Group) has established a Green Finance Framework to further integrate its sustainability ambitions into its financing. The Green Finance Framework is designed to support financing or refinancing Eligible Assets and Projects, that include investments in clean transportation, renewable energy projects and energy efficiency for buildings owned or operated by VR Group. The […]
