- Sale of Residentials
- Real Estate Development
- Construction of infrastructure
- Construction services
- We buy land
Urbanization increases the pressure to build in growing cities, setting higher requirements on built environments. At the same time climate change requires us to rethink how resources are used. Lifecycle thinking becomes more critical.
We build functional and sustainable homes and environments in growing cities, making sustainable living easy. In addition, we develop, build and renovate schools, hospitals, commercial and public spaces and infrastructure. Our mission is to enable a smoother flow of sustainable living for people, businesses and society.
The key target of YIT’s new strategy is to seek growth in the Housing business and to improve the Group’s profitability. As a part of the new strategy, YIT has redefined and clarified its business model. The new strategy will be executed through three strategic priority areas: Focus, Productivity, and ESG (Environmental, Social, Governance).
In Housing, we continue to build functional and sustainable homes and environments making sustainable living easy. We seek growth in the growing cities of Finland, Poland, Czech Republic, and Slovakia. In Housing, our goal is to grow its revenue by over 20% by 2025 with an operating profit margin of over 10%.
Infrastructure and Business Premises businesses continue to have a strategic role within YIT targeting stable cash flow to enable the growth of the Housing business. Profitability is aimed to be among the best in the industry with both segments targeting to achieve an operating profit margin of over 4% by 2025.
The new Property Development segment will have the responsibility of YIT’s end-to-end commercial and mixed-use project development. The segment will be a customer-centric developer and a best-in-class partner providing attractive investment opportunities for its investor partners. At the same time, long-term ownerships and service businesses will no longer be in focus. Property Development aims to achieve a ROCE of over 10% by 2025.
On the Environmental criteria, we commit to the Science Based Targets initiative (SBTi) to limit global warming to 1.5 degrees in line with the Paris Climate Agreement.
YIT is the first Finnish construction company to commit to reducing emissions from both its own operations and its value chain in accordance with the Science Based Targets Initiative. With this commitment, we strengthen our previous climate work and update our current climate targets to be more comprehensive, which will also reduce our customers' emissions.
On the Social criteria, we continue to develop and build better living environments for the society. Furthermore, our ultimate goal is a zero-harm work community. We develop proactive measures for improving occupational safety with a target of continuously decreasing accident frequency.
On the Governance criteria, we will continue its strict approach on gray economy. Furthermore, we have zero tolerance in corruption, as well as in labor exploitation and discrimination.
We will also take decisive steps to advance ESG matters throughout our supply chains. Going forward, we will require our suppliers to meet the same environment, social and governance standards as we have set to ourselves. The company believes that this will set new standards for the entire industry.
We will measure the success of our strategy by new Group financial targets to be reached by the end of 2025:
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.
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