Teosto sustainability report 2024
Sustainability is at the core of Teosto’s operations. We manage copyright professionally, efficiently and with respect.
We are a non-profit organisation. We manage the copyrights of music authors and publishers and promote Finnish creative musical art.
Our sustainability is reflected in how we ensure the copyright protection of authors and publishers and the quality and efficiency of rights administration. Our efforts can be seen in society through the vitality of both the Finnish music industry and the Finnish creative industries as a whole. Our operations are based on trust, and trust is built on sustainable operations.
is to enable the professional making and use of music. We make sure that our rightholder members – i.e. composers, lyricists and music publishers – receive royalties when their music is used.
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is that Finland has good conditions for making and using music professionally. We are primarily responsible to our rightholders: music composers, lyricists, arrangers and publishers. More than 42,000 of them have already joined us as a member. We also have about 30,000 music user customers: radio and TV companies, event organisers, restaurants and other businesses and organisations.
are the basis of our everyday work:
- Openness: Transparency and efficiency are the cornerstones of Teosto’s existence.
- Boldness: We want to boldly reform our operations.
- Goal-orientation: We aim to vitalise the creative economy and support new success stories.
Our operations are guided by Teosto’s regulations and the decisions of our general meeting, as well as our Code of Conduct published in 2023. In addition, Teosto is committed to the ethical guidelines for the art and culture sector. The highest decision-making body of our association is the biannual general meeting. We are a member of the industry’s global umbrella organisation CISAC, and we are committed to complying with its rules and resolutions (Professional Rules for Musical Societies and ). Learn more about Teosto’s organisation.
Teosto’s sustainability at a glance
We follow the principle of materiality in our sustainability reporting, according to which we report on the development of aspects that are material to Teosto’s stakeholders. In 2024, Nordic copyright societies carried out a double materiality assessment, which surveyed the areas of social responsibility that are relevant to copyright societies. The materiality assessment identified the impacts of the activities of the copyright society on people and the environment as well as their economic impacts.
Sustainability is divided into three themes: social responsibility, economy and good governance and environmental responsibility (ESG).
Teosto’s key sustainability indicators:
We regularly measure Teosto’s progress in the core areas of our operations, and our aim is to improve our operations every year. In 2024, we succeeded in improving our operations across all key areas of responsibility:
We want to carry responsibility for the diversity of music and for improving the working conditions of future generations of music authors.
We act on the basis of the association’s regulations, the decisions of the general meeting and the binding legislation. We aim to increase the financial added value, as well as the efficiency and competitiveness of our operations.
Environmental values play an important role in our operations. Our goal is to achieve carbon neutrality. We recycle, save in materials and track the carbon footprint of our operations.
Our transparent operations
In addition to the sustainability report, Teosto publishes an annual report every year. The report includes key figures, financial statements and the transparency report required from collective management organisations.