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Harvia Oyj - ESG Rating & Company Profile powered by AI

Industry Group:Appliances, Tools & Housewares

This dashboard includes a Q&A section about Harvia Oyj. This ESG rating for Harvia Oyj indicates its reporting of the United Nations Sustainable Development Goals. Browse to the bottom of the webpage for potential risks for Harvia Oyj based on industry, location and size.

Harvia Oyj in the Appliances, Tools & Housewares industry gained a UN SDG ESG Transparency Score of 5.7; made up of an environmental score of 4.0, social score of 5.7 and governance score of 7.0.

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SDG Transparency Score for Harvia Oyj 
Low
0 - 3

5.7

Medium Impact
4 - 6
High
7 - 10
Last Score Update: 2022-07-01
What drives the score for Harvia Oyj 
4.0

Environmental

5.7

Social

7.0

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Somany Home Innovation Ltd
8.2
High
2UP Global Sourcing Holdings PLC
8.0
High
7Arata Corp
6.3
High
8Zinzino AB
6.2
High
9Harvia Oyj
5.7
High
10Guanfu Holdings Co Ltd
5.6
High
11Hindustan Appliances Ltd
5.3
High
.........
54Varun Industries Ltd
0.0
Low
54Zhen Yu Hardware Co Ltd
0.0
Low
.........
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Peer Companies Benchmark
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Frequently Asked Questions

Does Harvia Oyj reference operational or capital allocation in relation to climate change?Yes
company-nameAnnualfiling2021-03-12
78 HARVIA 2020 OPERATING ENVIRONMENT STRATEGY R&D INVESTORS SUSTAINABILITY FINANCIAL STATEMENTS GOVERNANCE EUR thousand Goodwill Development expenditure Advance payments Customer relationships Brand Technology Other intangible assets Total
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company-nameAnnualfiling2021-03-12
15 HARVIA 2020 OPERATING ENVIRONMENT STRATEGY R&D INVESTORS SUSTAINABILITY FINANCIAL STATEMENTS GOVERNANCE The company has been able to develop both the sauna heater and component business and the production of ready-made sauna rooms. Significant investments were made at the Muurame factory to increase production efficiency. Special attention was also paid to sales forecasting, which made production planning easier and enabled the substantial increase in production volume. In the United States, production capacity was increased at the optimal time, enabling the company to better respond to the increased demand. The production capacity of the Romanian factory was also increased through investments in machinery and equipment. Machinery was renewed at the factory in China and a new assembly line was introduced.
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company-nameAnnualfiling2021-03-12
4 HARVIA 2020 OPERATING ENVIRONMENT STRATEGY R&D INVESTORS SUSTAINABILITY FINANCIAL STATEMENTS GOVERNANCE STRONG SALES GROWTH IN NORTH AMERICA The health and well-being trend, coupled with growing awareness of sauna and its health effects, increased the demand for sauna rooms in North America, and sales grew considerably compared to the previous year. We are very pleased that one of the major growth drivers was the success of our own Almost Heaven Saunas webstore and direct sales. Due to the strong demand, Harvia invested in increasing the production capacity of Almost Heaven Saunas. The company has also accelerated the planning of further expansion investments in Harvia's US factory.
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Does the Board describe its role in the oversight of climate-related risks and opportunities?No
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Is Capital Expenditure linked to emissions reduction?

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Does Harvia Oyj have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

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Does Harvia Oyj disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?
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Did Harvia Oyj have a product recall in the last two years?
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Harvia Oyj, through its subsidiaries, manufactures and distributes traditional, steam, and infrared saunas. The company provides sauna heaters, sauna rooms, hot tubs, control units, and steam generators; sauna heater spare parts, sauna stones, steam room elements, infrared components, sound and lighting solutions, and water hygiene products; and sauna accessories, such as sauna scents, buckets, and ladles, as well as thermometers and sauna textiles. It also offers electric and wood-burning heaters; ready-made saunas; infrared and hybrid cabins; and steam rooms and spa modules. In addition, the company provides sauna installation, maintenance, and repair services; and engages in the real estate business. It offers its products to retailers and wholesalers through a network of dealers. The company operates in Finland, other EU countries, North America, Germany, Russia, other Scandinavia countries, and internationally. Harvia Oyj was founded in 1950 and is headquartered in Muurame, Finland.