Sustainability management

The Board of Directors and the Executive Team oversee Valmet’s sustainability work and related material sustainability impacts, risks, and opportunities, and consider them when overseeing Valmet’s strategy and its decisions on major transactions.  

The Executive Team has approved Valmet’s Sustainability360º Agenda, which defines the focus themes and targets of Valmet's sustainability work. The Agenda addresses Valmet’s material sustainability impacts, risks and opportunities. The President and Chief Executive Officer oversees the progress of actions to achieve the targets set in the Agenda. Valmet’s sustainability performance, with the progress of Valmet’s Sustainability360º Agenda implementation, is reviewed annually by the Executive Team, quarterly by the President and Chief Executive Officer, and one to two times a year by the Board of Directors.

The Board of Directors and the Executive Team have approved Valmet’s Climate Program, which includes emissions reduction targets and tangible actions for the whole value chain, and addresses Valmet’s climate-related impacts, risks and opportunities. The progress of Valmet’s Climate Program is reviewed annually by the Board of Directors and biannually by the Executive Team. Valmet’s Climate Program Steering Team includes three members of the Executive Team. The Steering Team is responsible for the Climate Program, follows the progress of the targets, and status updates quarterly.

Valmet’s President and Chief Executive Officer and the Executive Team are engaged in Valmet's double materiality assessment process and the evaluation of Valmet's material sustainability impacts and sustainability-related financial risks and opportunities. The results of the double materiality assessment are approved by Valmet's Board of Directors. In 2024, Valmet’s Chief Financial Officer reported on the progress of CSRD reporting development and external assurance in every meeting of the Board of Directors and the Audit Committee. In 2024, Valmet’s CSRD Steering Committee included two members of the Executive Team: Chief Financial Officer and Senior Vice President of Marketing, Communications, Sustainability, and Corporate Relations.

Our business lines and area organizations are responsible for ensuring that all the group-wide initiatives are implemented in order to meet our sustainability targets.