Corporate citizenship targets and actions

Action plan 2019-2021

Targets
Main actions

We respect human rights and require our business partners to do the same

  • 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 promote transparent reporting and open dialogue with our stakeholders

  • 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 2020

  • Started to implement the new long-term social responsibility program
  • Continued to work on human rights due diligence framework
    – Verified and closed all the corrective actions related to two human rights impact assessments conducted by an independent third party in Indonesia and China
  • Launched new human rights e-learning course for Valmeteers
  • Continued face-to-face human rights training sessions
  • Sustainability e-learning course completed by 63 percent of Valmet white-collar employees
  • Sustainability recognitions
    – Included in Dow Jones Sustainability World and Europe Indices (DJSI) for the seventh consecutive year
    – Included in Ethibel Sustainability Index (ESI) Excellence Europe
    – Received the second-best A- rating in CDP’s climate program ranking
  • Updated Code of Conduct and launched e-learning
  • Developed our climate-related financial disclosure in line with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations
  • Developed value chain CO2 emissions calculations including technology use phase emissions calculations
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