We believe that sustainability creates long-term shareholder value and enables us better to embrace opportunities and manage risks deriving from economic, environmental and social mega trends.
CEO Pasi Laine talks about sustainability work at Valmet:
Sustainability risks and opportunities
Valmet’s business and competition environment is subject to a range of risks and opportunities, due to the company’s broad scope of global operations and its technology and industry diversity. Valmet has a systematic method for regularly assessing the probability and impact of sustainability-related risks and opportunities. The topics include climate change, health and safety, environmental management, human rights and labor rights and ethical business practices both in own operations and supply chain. Management of sustainability risks and opportunities is integrated into the multi-disciplinary, group-wide risk management process at Valmet.
During recent years, we have seen growing interest from our customers in optimization regarding e.g. energy, chemicals savings, efficiency of operations and availability of equipment. As demand for more environmentally efficient processes and end-products increases, companies’ ability to respond to these needs can turn them into a competitive advantage. Climate change has influenced our strategy on highest possible level, described in our mission that is to convert renewable resources into sustainable results. Valmet continuously improves the energy efficiency of its own production – targets to reduce our own energy consumption from base year 2005-2009 by 20% by 2020.
Read more about Valmet’s sustainability risks and opportunities
Valmet’s sustainability reporting in is in accordance with the Core option of the GRI Standards from the Global Reporting Initiative.
Valmet also report to several third-party sustainability ratings to help its stakeholders assess our sustainability performance.
In 2020, Valmet was included in the Dow Jones Sustainability Index (DJSI) for the seventh 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 reports to CDP Climate index and achieved A- rating in CDP's climate program in 2020. Valmet has also been included in the 2020 CDP Supplier Engagement Leaderboard with A rating.
Valmet has received Bronze Class sustainability award in SAM’s annual Sustainability Yearbook 2021 for excellent sustainability performance.
Valmet has been selected as a constituent of the Ethibel Sustainability Index (ESI) Excellence Europe since 2017. The index contains 200 of the European stock listed companies that display the best performance in terms of corporate social responsibility (CSR).
Our policies and related processes
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.
Valmet’s policies supporting sustainable operations:
- Code of Conduct
- Anti-Corruption Policy
- Health, Safety and Environment Policy
- Quality Policy
- Sustainable Supply Chain Policy
- Competition Compliance Guidelines
- IPR Policy
- HR Policy
- Drugs and Alcohol Guidelines at Valmet
- Global Travel Policy
- Equal Opportunity and Diversity Policy
- Minimum Safety Standards
Read more about Valmet’s operating principles.
360o Sustainability agenda and progress
Valmet’s sustainability agenda is called Sustainability360º and it focuses on five core areas in our operations: sustainable supply chain; health, safety and environment; people and performance; sustainable solutions; and corporate citizenship. Valmet has defined new action plans for its sustainability agenda for 2019–2021. The action plans include detailed actions, targets and KPIs for each sustainability focus area.