REVITALIZING INDUSTRIAL HERITAGE: ESG-DRIVEN TRANSFORMATION OF TEHDASSAARI ISLAND’S NOKIA FACTORY / TEOLLISEN PERINNÖN ELVYTTÄMINEN: ESG-VETOINEN MUUTOS TEHDASSAAREN NOKIAN TEHTAALLA

Bernard Kusi, Terence Yuh Yong

Abstract


This study investigates the Environmental, Social, and Governance (ESG) practices of Cireco Finland Oy in transforming the old Nokia Factory on Tehdassaari Island into Circular Economy, Art, and Culture Hub. Utilizing a comprehensive methodological approach, including surveys, interviews, observations, and document analysis, this research uncovers critical insights into the project's sustainability strategies, stakeholder engagement, and governance frameworks. The findings reveal significant advancements in environmental performance, such as reduced greenhouse gas emissions and enhanced waste management practices. Socially, the project demonstrates robust community engagement and job creation, contributing to local economic revitalization. Governance improvements include increased transparency and adherence to ethical standards. The study fills a crucial gap in the existing literature on ESG integration in industrial heritage projects, offering a scalable model for similar initiatives globally. The implications are far-reaching, suggesting that incorporating ESG principles can lead to the successful and sustainable redevelopment of heritage sites, balancing economic growth with environmental stewardship and social responsibility. The research contributes to the broader discourse on circular economy practices and sustainable urban development, providing actionable recommendations for policymakers, practitioners, and future researchers.

Tämä tutkimus analysoi Cireco Finland Oy:n ympäristö-, sosiaali- ja hallintokäytäntöjä (ESG) vanhan Nokian tehtaan muuntamisessa Tehdassaaren saarella kiertotalouden, taiteen ja kulttuurin keskukseksi. Tutkimuksessa sovelletaan monimenetelmällistä lähestymistapaa, johon kuuluvat kyselyt, haastattelut, havainnointi ja asiakirja-analyysi, ja sen tavoitteena on tarjota syvällinen ymmärrys hankkeen kestävän kehityksen strategioista, sidosryhmäyhteistyöstä ja hallintorakenteista. Tulokset osoittavat merkittäviä parannuksia ympäristösuorituskyvyssä, kuten kasvihuonekaasupäästöjen vähentämisessä ja jätehuollon tehostamisessa. Sosiaalisesta näkökulmasta hanke edistää yhteisön aktiivista osallistumista ja uusien työpaikkojen luomista, mikä tukee paikallistalouden elpymistä. Hallintokäytäntöjen osalta on havaittavissa lisääntynyt läpinäkyvyys sekä vahvempi sitoutuminen eettisiin toimintaperiaatteisiin. Tutkimus paikkaa merkittävää aukkoa ESG:n integrointia teollisiin perintöhankkeisiin käsittelevässä kirjallisuudessa ja tarjoaa skaalautuvan mallin vastaaville hankkeille globaalisti. Vaikutukset ovat kauaskantoisia, mikä viittaa siihen, että ESG-periaatteiden systemaattinen soveltaminen voi johtaa kulttuuriperintökohteiden onnistuneeseen ja kestävään kehittämiseen tasapainottamalla talouskasvu ympäristönsuojelun ja sosiaalisen vastuun kanssa. Tutkimus tuo arvokasta lisäpanosta kiertotalouden ja kestävän kaupunkikehityksen tutkimukseen sekä tarjoaa konkreettisia suosituksia päättäjille, käytännön toimijoille ja tuleville tutkijoille.

 

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circular economy, environmental performance, social development, corporate governance, stakeholder engagement, business sustainability, business strategy, architectural heritage, industrial heritage / kiertotalouden, ympäristösuorituskyky, sosiaalinen kes

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References


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DOI: http://dx.doi.org/10.46827/ejsss.v10i5.1906

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