Corporate citizenship targets and actions

Action plan 2019-2021

 

Targets Main actions

We ensure our global human rights compliance through a due diligence framework

  • 3 full scope human rights impact assesments with possible corrective actions and follow-up plans by 2021
  • Continue to conduct human rights impact assessments in selected high-risk countries
  • Continue internal training on human rights

We are a trusted local partner and promote transparent reporting

  • Maintain position as an industry leader in sustainability and further develop sustainability reporting
  • 100% of white collar employees complete the sustainability e-learning to understand and promote their role in Valmet’s sustainability
  • Collaborate actively with stakeholders
  • Annual sustainability reporting according to the GRI Standards
  • Report to leading sustainability ratings
  • Increase stakeholder feedback through a specific stakeholder survey
  • Implement new social responsibility programs
  • Highlight sustainability in investor relations activities
  • Update Code of Conduct, anti-corruption and bribery policy
Main achievements in 2019
  • Continued to work on our human rights due diligence framework
    – Conducted two human rights impact assessments in high risk countries
  • Started face-to-face human rights training sessions
  • Sustainability e-learning completed by 66% of Valmet white-collar employees
  • Sustainability acknowledgements
    – Included in Dow Jones Sustainability World and Europe Indices (DJSI) for the sixth consecutive year
    – Included in Ethibel Sustainability Index (ESI) Excellence Europe
    – Received the best A rating in CDP’s climate program ranking for the second consecutive year
    – Rated in the top 1 percent among all assessed companies in the latest Ecovadis sustainability assessment
  • Updated Code of Conduct