Caverion

Caverion is a Finnish listed company that designs, implements, and maintains building technology and industrial services. Its product line includes everything from design and construction to projects, technical and industrial maintenance, facility management, and advisory services. The company has two business units: Services and Projects and has about 14,500 employees in 10 countries. Its shares are listed on the Nasdaq Helsinki.[1]

Caverion Oyj
TypeJulkinen osakeyhtiö
HEL: CAV1V
IndustryTechnical solutions for buildings and industries
Founded2013 (2013)
Headquarters
Vantaa
,
Finland
Key people
Jacob Götzsche (President & CEO), Mats Paulsson (Chairman)
Revenue€ 2.35 billion (2022)
Number of employees
~14,500 (2022)
Websitewww.caverion.com

History
Caverion van

Caverion was established in June 2013 through the demerger of the Building Services and Industrial Services businesses from YIT Group.

Sustainability

Caverion's sustainability target by 2030 is to create sustainable impact through our solutions, with a positive carbon handprint 10 times greater than the company's own carbon footprint. The company has three focus areas in sustainability:[2]

Controversies

According to KPMG in November 2019 Norwegian Caverion and Lithuania Caverion paid employees in Norway 99 krones an hour while minimum wage was 184,36 Norwegian krones an hour.[3]

The incident was investigated by Statsbygg in Norway and though several regulatory violations were found, among them violating subcontractors pay and working conditions, the violations were not of the nature that Caverion was considered to have engaged in social dumping.[4]

References
  1. "CAV1V, Caverion Oyj, (FI4000062781) - Nasdaq". www.nasdaqomxnordic.com. Retrieved 2020-02-19.
  2. "Sustainability and Caverion".
  3. Suomalaisomisteisen yrityksen maksamat palkat ihmetyttävät Norjassa – Selvitys: Työntekijälle maksettiin puolet norjalaisen tuntipalkasta. Caverion-yhtiön mukaan epäily palkkojen polkemisesta on väärä ja liettualaisille on maksettu minimipalkkaa vastaavasti YLE 12.11.2019
  4. Byggeindustrien (2019-12-05). "Statsbygg-granskning av byggeplassen til nytt nasjonalmuseum: - Ikke sosial dumping". Bygg.no - Byggeindustrien (in Norwegian Bokmål). Retrieved 2020-02-19.
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