We promote transparency in our communications with our stakeholders and actively engage with our stakeholders to learn about their expectations.
Valmet strives for globally consistent and transparent management and reporting practices, and participates in several third party sustainability ratings to help its stakeholders assess its sustainability performance. We also actively collaborate with our stakeholders to share thoughts and communicate about our recent developments through several channels such as our customer magazine and company reports and brochures, events, face-to-face meetings and online channels. Questions related to sustainability are also part of our internal and external stakeholder surveys.
Valmet’s annual reporting in 2021 consists of the Annual Review, Financial Statements, GRI Supplement, Corporate Governance Statement and Remuneration Statement. All reports can be found on Valmet's Annual Report 2021 pages.
The Annual Review describes Valmet’s market environment and the progress of our strategy and operations in 2021, and introduces our sustainability focus areas.
The GRI Supplement includes Valmet’s sustainability reporting indicators and principles, and its alignment with the Global Reporting Initiative (GRI) Standards framework. The GRI content index included in the GRI supplement specifies where the information for each indicator can be found and explains any omissions to the reported data.
Valmet's sustainability reporting in 2021 is in accordance with the Core option of the GRI Standards from the Global Reporting Initiative (GRI). Standard disclosures for 2021 in English with a reference to external assurance in the GRI content index have been externally assured by an independent third party.
In 2020, Valmet developed its climate-related financial disclosures and implemented the Task Force on Climate-related Financial Disclosures (TCFD) reporting recommendations to disclose climate-related financial risks and opportunities in annual reporting. Valmet’s climate-related disclosure is described around the four areas according to the TCFD recommendations: Governance, Strategy, Risk management and Metrics & Targets. Read Valmet's full TCFD report.
Valmet reports to several third party sustainability ratings to help its stakeholders assess its sustainability performance.
In 2021, Valmet was included in the Dow Jones Sustainability Index (DJSI) for the eighth consecutive year. The DJSI is a sustainability index family which includes the global sustainability leaders across industries. Valmet was listed both in the Dow Jones Sustainability World and Europe indices.
Valmet has been reporting to CDP's climate program ranking since 2015 and achieved the B rating in 2021. CDP is an international, non-profit organization that collects and assesses climate change information from companies and cities to help investors better understand the economic risks and opportunities that climate change presents to their portfolio companies.
Valmet has been rated in the top 1 percent among all assessed companies in EcoVadis' global corporate social responsibility assessment, receiving the best platinum medal. EcoVadis helps companies to manage their supply chain, and some of Valmet’s customers are using EcoVadis as a basis for supplier audits.
In 2022, Valmet received Bronze Class distinction in the Global Sustainability Yearbook 2022 by S&P Global for its excellent sustainability performance.