Responsibility

Responsibility can be divided into financial, social and environmental responsibilities. The basic idea is to operate in a financially profitable manner, and at the same time improve the well-being of people and minimise the burden to the environment.

Financial responsibility
Turku Technology Properties offers its owners steady returns and increases considerably the value of its real estate portfolio. The company’s strategy is to grow and improve profitability by developing Turku Science Park and the real property it owns. For the company, financial responsibility stands for growth, generating added value, and interest as an investment object.

Social responsibility
The social responsibility of Turku Technology Properties culminates in openness. The company has many stakeholders, the most important of which are customers, personnel and partners. All co-operation is characterised by open communication on topical subjects. Turku Technology Properties also takes responsibility for other stakeholders e.g. by supporting local entrepreneurs, societies and associations. Co-operation between different stakeholders promotes the realisation of the goals and generates positive aspects to all key stakeholders.

Environmental responsibility
As a real estate development company Turku Technology Properties significantly promotes the development of the built environment and future construction. The company aims to take the environmental impacts into account and minimise the factors burdening the environment in all its operations. For example, Turku Technology Properties uses green electricity in all of its buildings. In addition to increasing energy efficiency, the goal is to produce locally as much as possible of the energy consumed using solar and wind power and geothermal heat.

Risk management and internal control

The most important risks included in the business operations of Turku Technology Properties are related to the general economic development, and are manifested as customer, financing and other business risks. The Board of the company shall see to it that the group’s risk management is organised appropriately. The company’s operative management in turn is responsible for the risk management and internal control process at practical level in accordance with the principles approved by the Board.

The purpose of internal control is to ensure that the company’s operations and asset management are organised appropriately in accordance with the company’s strategy, reporting is reliable and up-to-date, and the group’s operations comply with all applicable laws and regulations. In practice, internal control ensures that the group’s core business operations proceed as planned, efficiently and appropriately. In addition, internal control shall ensure that the company’s support and management processes follow the agreed guidelines and provide a true and fair view of the company’s operational and financial state. Finally, internal control shall prevent any possibilities for abuse.

Risk management and internal control have been integrated as part of the group’s business processes, and control and reporting systems. Risk management is a continuous process for which each employee is responsible within their own area of responsibility. The company conducts regularly a risk mapping in which it re-assesses key risks and, if necessary, updates its risk management policy.

Contact us