Progress on Sustainability360° agenda
Valmet sustainability targets and achievements
Valmet supports the United Nations (UN) Sustainable Development Goals (SDGs). We have identified the SDGs on which Valmet can have the most positive impact, or to minimize our negative impact. Our Sustainability360° Agenda and related targets have been aligned with selected SDGs.
|
TARGET |
KEY PERFORMANCE INDICATOR |
2024 (2023) PROGRESS |
PROGRESS DESCRIPTION |
|
20% reduction of GHG emissions |
GHG emissions from purchased goods and services (Scope 3 category 1), 1,000 tCO2e |
1,462 (1,736) |
In 2024, Valmet’s absolute GHG emissions from direct purchased goods and services decreased by 16 percent. Actions included increasing the share of recycled steel in products, redesigning lightweight steel products, introducing alternative raw materials and optimizing components’ manufacturing methods. |
| GHG emissions from transportation (Scope 3 category 4), 1,000 tCO2e |
144 (166) |
In 2024, absolute GHG emissions from transportation decreased by 13 tCO2e due to freight planning and the selection of suppliers offering low-carbon transportation. |
|
| Number of suppliers engaged in the Climate Program |
271 (78) |
In 2024, we engaged 181 new suppliers in our Climate Program. By the end of 2024, we had engaged a total of 271 suppliers. Our committed supply chain people enabled us to reach the set target early, and we continue the journey to engage more suppliers. |
|
|
80% reduction of CO₂ emissions from own operations by 2030¹ |
% reduction in Scope 1 and Scope 2 (market-based) GHG emissions, 1,000 tCO₂e |
-49 (-51) |
In our own operations, emissions from fuels, heating, and electricity in Valmet’s offices and production units around the world have decreased by 49 percent since the baseline year 2019. Again in 2024, all electricity in Finland and Sweden,representing about 53 percent of Valmet total consumption, was purchased as carbon-free. Valmet also took further steps in our locations for example in Brazil |
|
Enable the use of fossil-free energy sources for all of Valmet’s pulp, paper, and energy technologies and solutions by 2030 |
% of technologies and solutions enabling the use of fossil-free energy sources |
100 |
All of Valmet’s technologies enable fossil-free pulp, board, tissue, and paper production for customers with access to fossil-free energy sources. Development work has also continued to further reduce energy use of Valmet’s current |
| TARGET | KEY PERFORMANCE INDICATOR | 2024 (2023) PROGRESS | PROGRESS DESCRIPTION |
|
10% reduction in energy consumption from |
% reduction in energy consumption |
-6.9 (-8.6) |
The implementation of improvements in energy efficiency continued across Valmet locations, driven by energy management certifications, audits, and surveys, as well as focused actions to reduce energy use. |
|
75% waste from own operations diverted |
% waste diverted from disposal |
77 (68) |
Waste reduction actions continued in locations, with the focus in 2024 on creating more detailed global guidance for locations and implementing targets and plans in recently acquired and merged operations. |
|
20% reduction in water withdrawal from |
% water withdrawal change |
+9 (+1) |
Water withdrawal reduction actions continued in locations, with the focus in 2024 on creating more detailed global guidance for locations and implementing targets and plans in recently acquired and merged operations. |
| TARGET | KEY PERFORMANCE INDICATOR | 2024 (2023) PROGRESS | PROGRESS DESCRIPTION |
|
35 ecosystem project applications by 2025 |
Number of ecosystem project applications |
18 (21) |
As a part of Valmet’s Beyond Circularity R&D program, Valmet is creating an ecosystem to innovate, renew, and enable customer industries in shifting to carbon neutrality and to facilitate the green transition. In 2024, 18 ecosystem project applications were submitted within the program. |
| TARGET | KEY PERFORMANCE INDICATOR | 2024 (2023) PROGRESS | PROGRESS DESCRIPTION |
|
1% increase in employee engagement by one |
Valmet engagement index % engaged |
- (70) |
In 2024, we continued to execute the actions set based on the survey. We plan to remeasure employee engagement in 2025. |
|
increase the share of women in science, technology, engineering and mathematics (STEM) positions to 12%
|
% of women in STEM positions |
12.4 (11.9²) |
We made good progress towards our target in 2024, exceeding 12 percent for the first time since setting the target in 2021. |
| TARGET | KEY PERFORMANCE INDICATOR | 2024 (2023) PROGRESS | PROGRESS DESCRIPTION |
|
0 high-consequence injuries by 2030 |
Number of injuries leading to permanent disability or more than 6 months’ absence from work |
Employees 3 (4) External workers 0 (3) |
In 2024, we had a strong focus on the implementation of the Life Saving Rules and the number of high-consequence injuries reduced. One rule was promoted each quarter through internal trainings, procedure improvement, inspections, and awareness activities. |
|
4 HSE walks, inspections and conversations per manager per year in 2025 |
Number per manager per year |
8.4 (8.7) |
We set personal targets and provided instruction and training to support managers in more visible safety leadership. The number of HSE walks and other activities promoting a strong safety culture decreased slightly during the year. |
|
4 HSE event reports per employee in 2025 |
Number per employee each year |
3.4 (3.2) |
Everyone is constantly encouraged to maintain a strong safety mindset and remain aware of unsafe situations and report them. The number of the reported Health, Safety, and Environment events increased during the year to 3.4 per employee. |
| TARGET | KEY PERFORMANCE INDICATOR | 2024 (2023) PROGRESS | PROGRESS DESCRIPTION |
|
Continue implementing social responsibility |
Monetary value of sponsorships and donations, EUR k |
322 (327) |
Valmet’s sponsorships and donations and related Social Responsibility programs focus on supporting non-profit organizations, in the areas where Valmet operates, in the following key themes: ”Towards the future with science,” “Protecting the planet for next generations,” and “Equal opportunities for wellbeing.” |
| TARGET | KEY PERFORMANCE INDICATOR | 2024 (2023) PROGRESS | PROGRESS DESCRIPTION |
|
100% of employees completed Valmet’s |
% of employees completed the Code of |
98 (89²) |
In 2024, Valmet focused on promoting and implementing the updated Code of Conduct and related training for both new and existing employees, aiming to achieve a 100 percent completion rate by the end of the year.
|
|
80% of employees work according to certified |
% of employees working in locations certified to the ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 standards |
ISO 9001:2015: 86 (82) ISO 14001:2015: 80 (77) ISO 45001:2018: 79 (75) |
In 2024, 13 locations were added with new or expanded certifications. Valmet’s global multisite ISO certificate now covers a total of 150 locations. Overall certification coverage increased.
|
|
1 social and human rights impact assessment in our own operations and in the upstream value chain based on the risks identified |
Number of assessments conducted
|
1 (1) |
In 2024, Valmet conducted one social and human rights impact assessment including field work in the value chain. |
| TARGET | KEY PERFORMANCE INDICATOR | 2024 (2023) PROGRESS | PROGRESS DESCRIPTION |
|
40 supplier sustainability audits minimum conducted per year |
Number of supplier sustainability audits |
45 (43) |
We achieved the target with 45 conducted supplier sustainability audits with a third-party auditor to monitor suppliers’ compliance with Valmet’s Supplier Code of Conduct. |
|
95% of suppliers by spend have signed Valmet’s Sustainable Supply chain policy by 2025 |
% of suppliers by spend signed Valmet's Sustainable Supply Chain policy |
94 (91) |
We continued to screen our suppliers in 2024. By the end of 2024, 94 percent of our existing suppliers had signed the policy. |
| TARGET | KEY PERFORMANCE INDICATOR | 2024 (2023) PROGRESS | PROGRESS DESCRIPTION |
|
Leadership level score in CDP Climate Change |
CDP listing |
A (A) |
Valmet was included in the 2024 CDP Climate Change A list. |
|
EU Taxonomy-aligned activities |
% of Valmet’s net sales (turnover), Capex and Opex taxonomy-aligned |
Turnover: 23 (5)
14 (1)
20 (1) |
In 2024, Valmet had taxonomy-eligible activities in the following economic activities: CCM 3.1 Manufacture of renewable energy technologies; CCM 3.2 Manufacture of equipment for the production and use of hydrogen; CCM 3.6 Manufacture of other low-carbon technologies; CE 4.1 Provision of IT/OT datadriven solutions; and CE 5.1 Repair, refurbishment, and remanufacturing. |
|
Successful transition to reporting according |
Project managed on time and budget and CSRD report published on time with limited assurance statement from external assurance provider |
Yes |
In 2024, Valmet started reporting in accordance with the CSRD. |
|
To receive at least Gold Medal in the EcoVadis |
EcoVadis ranking |
Gold (Gold) |
In 2024, Valmet was awarded a Gold Medal in the EcoVadis sustainability assessment, ranking it among the top five percent of companies evaluated over the past 12 months. |
¹ Baseline 2019.
² Not including employees from the new Tissue Converting business unit.
