Ethical business practices

Globally aligned business principles 

Valmet strives to ensure that all its operations are carried out in a socially responsible and globally aligned manner. Our daily operations are guided by Valmet’s general operating principles, which comprise of Valmet’s Code of Conduct and related policies. These create the foundation for sustainable business practices. They define how we deal with human rights, labor practices, environmental issues, compliance with laws and regulations, fair competition, occupational well-being and safety, and ethical standards through the entire value chain. 

Valmet also supports and promotes selected international guidelines and principles, and is a signatory of the UN Global Compact. 

Valmet’s values, Code of Conduct and related policies form the foundation for sustainable business operations. We strive for globally consistent and transparent management practices so that all our stakeholders can reliably assess the company’s sustainable operations and development. 

Code of Conduct and related policies 

The basis of Valmet’s operations is its Code of Conduct, which creates a uniform and ethical foundation for all our business transactions and work assignments. It also describes our approach to sustainable business operations, people and society and environmental issues. 

Valmet’s Code of Conduct is aligned with the principles set out in the UN Global Compact. The Code addresses topics such as human rights, labor practices, environmental issues, compliance with laws and regulations, fair competition, occupational well-being and safety, and ethical standards throughout the value chain.  

Valmet has a zero-tolerance approach towards all forms of corruption and bribery. We are committed to conducting our activities in accordance with applicable anti-corruption laws. In addition to its Code of Conduct, Valmet has an Anti-bribery policy aiming to ensure compliance with national and local anti-corruption laws and regulations in force in jurisdictions where Valmet conducts its business. As an example, Valmet has not made and does not make any sort of political contributions.

Valmet arranges regular training on its Code of Conduct, anti-corruption principles and competition compliance guidelines to enforce the principles set in the policies. All Valmet's suppliers are required to commit to the principles set in the sustainable supply chain policy, to which compliance is assessed by potential self-assessments and audits.   

Valmet also has in place several policies which guide its and its partners' operations with regard to corruption, bribery and competition compliance. 

Valmet’s policies and commitments: 

  • Code of Conduct 
  • Anti-bribery Policy 
  • Health, Safety and Environment (HSE) Policy 
  • Sustainable Supply Chain Policy 
  • Human Rights Statement 
  • Anti-Corruption Policy 
  • Competition Compliance Guidelines 
  • Valmet is a signatory of the UN Global Compact (UNGC) 

Reporting misconduct 

Valmet has in place an anonymous reporting channel that enables our stakeholders to report any violations or breaches of the Code. A report can be made 24/7 via telephone or Internet in native language. The reporting channel is maintained by a third party to guarantee anonymity. 

Certified operations

Valmet’s global management system (GMS) provides a common platform for quality and HSE management in all operations. Through the annual planning process, targets and improvement initiatives are aligned across all units and locations to drive development towards our strategic HSE objectives. By taking best practice into common global practice we are able to achieve sustainable improvements in our HSE performance. 

We believe that multi-site certification of our operations assures our customers and other stakeholders that we have a process-oriented and standardized global way of working according to the international ISO standards for quality (9001:2015), environment (14001:2015) and health and safety (ISO 45001:2018) management systems. Our target is that at least 90 percent of our people work in operations certified to all three standards by 2025. All Valmet’s locations are internally audited on a regular basis. 

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Responsible management of chemicals and substances 

Valmet is fully committed to the goals of the European Union Regulation on Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) and the Restriction of Hazardous Substances (RoHS). Valmet is primarily considered a downstream user and does not manufacture or import chemicals to Europe, with a few exceptions. 

Valmet actively implements precautionary and substitution principles to minimize the use of hazardous substances in our activities and to anticipate requirements from authorities. We constantly monitor ECHA’s Candidate List of Substances of Very High concern (SVHC) to ensure ongoing compliance. 

The minimum requirements that all Valmet’s global operations must fulfill are detailed in Valmet’s Exposure to Hazardous Substances standard which includes everything from the storage to labelling the hazardous substances.

Valmet's anonymous reporting channel enables its stakeholders to report any violations or breaches of the Code. A report can be made 24/7 via telephone or Internet in native language. The reporting channel is maintained by a third party to guarantee anonymity.                                                      

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