Toggle main navigation Section navigation Investors Sustainability for investors Sustainability for investors We believe that sustainability creates long-term shareholder value and enables us better to embrace opportunities and manage risks deriving from economic, environmental and social megatrends. Valmet's Climate program Valmet has created an ambitious climate program − Forward to a carbon neutral future − which continues our comprehensive sustainability work. Carbon neutrality means a balance between emitted and absorbed carbon. Achieving zero carbon dioxide emissions is possible by eliminating or offsetting carbon dioxide emissions. Our climate program includes ambitious CO₂ emission reduction targets and concrete actions for the whole value chain, including the supply chain, our own operations, and customers’ use of our technologies. These targets will be achieved without emission compensation. The program is aligned with the Paris Climate Agreement's 1.5-degree pathway and United Nations Sustainable Development Goals. The climate program's targets have been approved by the Science Based Targets initiative. Read more about Valmet's Climate program. CEO Pasi Laine talks about sustainability and Valmet's Climate program in Capital Markets Day 2021 Sustainability risks and opportunities Valmet's business and competition environment is subject to a range of risks and opportunities, due to the company's broad scope of global operations and its technology and industry diversity. Valmet has a systematic method for regularly assessing the probability and impact of sustainability-related risks and opportunities. The topics include climate change, health and safety, environmental management, human rights and labor rights and ethical business practices both in own operations and supply chain. Management of sustainability risks and opportunities is integrated into the multi-disciplinary, group-wide risk management process at Valmet. During recent years, we have seen growing interest from our customers in optimization regarding e.g. energy, chemicals savings, efficiency of operations and availability of equipment. As demand for more environmentally efficient processes and end-products increases, companies' ability to respond to these needs can turn them into a competitive advantage. Climate change has influenced our strategy on highest possible level, described in our mission that is to convert renewable resources into sustainable results. Valmet continuously improves the energy efficiency of its own production – targets to reduce our own energy consumption from base year 2005-2009 by 20% by 2020. Read more about Valmet's sustainability risks and opportunities Sustainability reporting Valmet's sustainability reporting in is in accordance with the Core option of the GRI Standards from the Global Reporting Initiative. Valmet also report to several third-party sustainability ratings to help its stakeholders assess our sustainability performance. In 2021, Valmet was included in the Dow Jones Sustainability Index (DJSI) for the eighth 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 reports to CDP Climate index and achieved A- rating in CDP's climate program in 2020. Valmet has also been included in the 2020 CDP Supplier Engagement Leaderboard with A rating. Valmet has received Bronze Class sustainability award in SAM's annual Sustainability Yearbook 2021 for excellent sustainability performance. Valmet has been selected as a constituent of the Ethibel Sustainability Index (ESI) Excellence Europe since 2017. The index contains 200 of the European stock listed companies that display the best performance in terms of corporate social responsibility (CSR). Valmet has also been rated in the top one percent among all assessed companies in the latest Ecovadis sustainability assessment. Read more about Valmet's sustainability reporting Our policies and related processes Valmet's values, Code of Conduct and related policies form the foundation for sustainable business operations. We strive for globally consistent and transparent management practices so that all our stakeholders can reliably assess the company's sustainable operations and development. Valmet's policies supporting sustainable operations: ­ Code of Conduct ­ Anti-Corruption Policy ­ Health, Safety and Environment Policy ­ Quality Policy ­ Sustainable Supply Chain Policy ­ Competition Compliance Guidelines ­ IPR Policy ­ HR Policy ­ Drugs and Alcohol Guidelines at Valmet ­ Global Travel Policy ­ Equal Opportunity and Diversity Policy ­ Minimum Safety Standards Read more about Valmet's operating principles. 360o Sustainability agenda and progress Valmet's sustainability agenda is called Sustainability360º and it focuses on five core areas in our operations: sustainable supply chain; health, safety and environment; people and performance; sustainable solutions; and corporate citizenship. Valmet has defined new action plans for its sustainability agenda for 2019–2021. The action plans include detailed actions, targets and KPIs for each sustainability focus area. Read more about Sustainability360º and action plan for 2019-2021. 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