Valmet Achieves Top A List Ranking in CDP Climate Disclosure
Valmet Maintains Leadership in Climate Responsibility
Valmet is proud to announce that it has once again secured an A score in the CDP Climate disclosure, confirming its status as a leader in sustainability efforts aimed at mitigating climate change. This recognition represents the company’s ongoing commitment to reducing its environmental impact across its value chain.
Recognition for Climate Action
Receiving the top A score for the second consecutive year highlights Valmet's systematic and effective strategies in tackling climate change. As evaluated by CDP, the organization scrutinizes a company’s climate-related governance, strategy, targets, and actions from the previous reporting year. Valmet's consistent efforts in these areas have clearly set them apart.
Collaborative Efforts for a Sustainable Future
The company emphasizes that innovative technology and collaboration within the supply chain are vital drivers in the transition towards a low-carbon and circular economy. Reetta Loponen, Valmet's VP of Sustainability, expresses that working closely with suppliers and clients is essential in promoting sustainability throughout various industries.
Energy Efficiency and Green Initiatives
Valmet has made remarkable strides in energy efficiency, significantly reducing greenhouse gas (GHG) emissions across its operational facilities. Investment in energy-efficient technologies and the purchase of carbon-free electricity in various locations since the beginning of 2023 showcase its commitment to sustainable practices.
Engagement with Key Suppliers
In a concerted effort to extend its climate action beyond its operations, Valmet has initiated a Climate Program that has successfully engaged over 270 key suppliers known for their CO2 intensive operations. The focus on reducing their own climate impacts further amplifies Valmet's sustainability goals across the supply chain.
Impressive Energy Reductions and Achievements
With a notable 10 percent reduction in energy usage across pulp, paper, board, and tissue technologies since 2019, Valmet has achieved significant results in mitigating CO2 emissions throughout the lifecycle of its solutions. These advancements not only enhance energy efficiency but also enable the use of fossil-free energy sources and renewable materials.
Acknowledgment of Sustainability Efforts
In addition to the CDP recognition, Valmet has earned the Gold medal in the EcoVadis sustainability assessment and the Supply Chain ESG Pioneer Award at the European Chamber Sustainable Business Awards. These accolades underscore Valmet’s robust commitment to sustainable operational practices and social responsibility.
About CDP and Valmet
CDP is a prominent international non-profit organization dedicated to encouraging companies and governments to manage their environmental impacts. Their climate disclosure initiatives foster transparency and accountability in corporate sustainability efforts.
Valmet stands as a leading global supplier of process technologies, automation, and services predominantly for the pulp, paper, and energy sectors.
Key Financial and Operational Highlights
With over 220 years of industrial history, Valmet has demonstrated an unwavering commitment to continuous improvement and innovation. In 2023, the company reported net sales of approximately EUR 5.5 billion. Valmet's dynamic workforce of over 19,000 professionals is dedicated to advancing customer performance on a daily basis.
Contact Information for Valmet
Should you require additional information, please reach out to Anu Pires, SVP, Human Resources and Interim SVP of Marketing, Communications, Sustainability and Corporate Relations at Valmet. You can contact her at +358 10 672 0000. Additionally, Reetta Loponen, VP of Sustainability, can be reached at +358 40 0011 211.
Frequently Asked Questions
What is the significance of Valmet's A score in the CDP Climate disclosure?
Valmet's A score reflects its leadership and commitment to sustainable practices and effectively managing its environmental impact.
How has Valmet reduced its greenhouse gas emissions?
Valmet has implemented significant energy efficiency investments and initiated operations for carbon-free electricity purchasing, resulting in reduced GHG emissions.
What actions has Valmet taken with its suppliers for sustainability?
Valmet has successfully engaged over 270 key suppliers through its Climate Program, encouraging them to reduce their climate impacts.
What recent awards has Valmet received for its sustainability efforts?
Valmet has received the Gold medal in the EcoVadis sustainability assessment and the Supply Chain ESG Pioneer Award.
Where can I find more information about Valmet?
For more information, you can find details about Valmet’s operations, sustainability initiatives, and corporate governance at their official website.
About The Author
Contact Addison Perry privately here. Or send an email with ATTN: Addison Perry as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
