Valmet’s annual reporting in 2020 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 2020 pages.
The Annual Review describes Valmet’s market environment and the progress of our strategy and operations in 2020, 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 2020 is in accordance with the Core option of the GRI Standards from the Global Reporting Initiative (GRI). Standard disclosures for 2020 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 more.
Valmet reports to several third party sustainability ratings to help its stakeholders assess its 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 achieved the second-best A- rating in CDP's climate program ranking. 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.
Valmet has been reconfirmed as a constituent of the Ethibel Sustainability Index (ESI) Excellence Europe. The members for the Ethibel Sustainability Index (ESI) Excellence Europe are chosen from among those companies Ethibel Investment Registers. The index contains 200 of the European stock listed companies that display the best performance in terms of corporate social responsibility (CSR).