Materiality

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During 2021, Valmet renewed its Sustainability360° agenda based on an analysis of the business environment, benchmarks and peer reviews, industry and corporate sustainability trends, future regulatory requirements, and stakeholder expectations. Through this analysis, we defined new focus areas and identified and updated material topics for Valmet's value chain. The proposal for a renewed agenda was validated in multiple workshops organized with business functions, followed by strategic action planning and approval by the Valmet executive team.

The renewed Sustainability 360° agenda takes a comprehensive approach to sustainability across Valmet’s value chain, including the supply chain, own operations and the use phase of Valmet´s technologies at customer sites.

The agenda covers nine main material topics that are grouped around the focus areas: Environment, Social and Governance. All the material topics have defined targets, actions and KPIs and are integrated into Valmet´s strategy process and annual planning.

Environment

Circularity

Climate

Environmental efficiency

Renewable and recycled raw materials

Own operations C02 footprint

Energy efficiency

Longer circulation and recycling

 

Supply chain C02 footprint Raw material efficiency

Closed cycles with chemical and heat recovery

 

Technology use phase C02 handprint Chemical efficiency

Closed water cycles

 

 

Water efficiency

Waste reduction or elimination

 

 

 

Social

Engaged workplace

Health and safety

Corporate citizenship

Dialogue and engagement Safety leadership and culture

Social responsibility programs and community relations

Competence development

Injury and illness prevention

University cooperation

Equal opportunities, diversity and inclusion

 

Contractor and customer site safety Migrant workers and vulnerable groups

Work life integration

  External workers
Sustainable renumeration

 

 

 

Governance

Ethical business practices

Sustainable supply chain

Transparent reporting

Code of Conduct

Supplier risk assesments and audits

Sustainability reporting and indices
Due diligence and compliance

Material traceability

Sustainable finance taxonomy
Management systems and certificates

Supplier sustainability engagement

CO2 handprint and footprint calculations
Sustainability management