Suominen Announces New Sustainability Agenda for 2025-2030
Suominen Corporation has officially launched its Sustainability Agenda aimed at the 2025-2030 period. This multifaceted agenda encapsulates the company's commitment towards sustainability by outlining clear themes and objectives to guide its operations.
Core Themes and Objectives
The newly established Sustainability Agenda pivots around four principal themes that encapsulate the vital issues pertinent to both the company and its stakeholders. These are: People and Safety, Sustainable Nonwovens, Low Impact Manufacturing, and Corporate Citizenship. The foundation of these themes was solidified following a comprehensive double materiality assessment completed recently, emphasizing their significance and continuity from the previous sustainability agenda.
People and Safety Initiatives
The first theme, People and Safety, underscores the importance of employee wellbeing and workplace safety. Specific goals include:
- Achieving zero lost time accidents (LTA).
- Attaining an 80% score on the Diversity, Equity & Inclusion (DEI) index.
Through these initiatives, Suominen intends to foster a safer and more inclusive work environment for its employees.
Focus on Sustainable Nonwovens
The Sustainable Nonwovens theme highlights Suominen’s commitment to greenery. The objectives set forth under this category involve:
- Utilizing over two-thirds of raw materials from plant-based resources.
- Directing more than half of new research and development initiatives towards the creation of sustainable products.
This dedication to sustainable practices not only benefits the environment but also aligns with rising consumer preferences for eco-friendly options.
Low Impact Manufacturing Goals
The Low Impact Manufacturing theme centers around minimizing environmental footprints. The company has set forth ambitious targets to:
- Reduce greenhouse gas emissions across Scope 1, 2, and 3 while adhering to the Paris Agreement's goal of limiting global warming to 1.5°C.
- Ensure zero manufacturing waste is sent to landfill.
These strategies illustrate Suominen's commitment to sustainable production practices and responsible usage of resources.
Commitment to Corporate Citizenship
Lastly, the Corporate Citizenship theme focuses on the ethical dimensions of the company's operations. Here, the goals include:
- Evaluating all qualified raw material suppliers based on Suominen's sustainability criteria.
- Ensuring that all employees complete the company's sustainability training program.
By prioritizing corporate responsibility, Suominen aims to establish a supply chain that resonates with ethical and sustainable principles.
Leadership Insights
Noora Lindberg, Director of Sustainability and Marketing, stated, "These KPIs represent our dedication to sustainability and serve as a framework to measure our impact while fostering significant changes. By laying out clear targets, we take strides towards advancing workplace safety, developing sustainable product lines, and conducting responsible operations.”
Moreover, Tommi Björnman, President & CEO of Suominen, expressed, “Sustainability is at the core of who we are; it drives success for both our organization and our clients. We aim to set the benchmark in sustainable nonwovens, focusing intensively on innovations that align with our customers' demands for sustainable solutions.”
About Suominen
Suominen specializes in manufacturing nonwoven materials intended for a variety of applications including wipes. The company envisions itself as a leader in nonwoven innovation and sustainability. Their products are woven into the daily lives of consumers globally. As of the last reporting period, Suominen achieved net sales of EUR 462.3 million and employs over 700 professionals across Europe and the Americas. The company's shares are publicly traded on the Nasdaq Helsinki Exchange under the ticker SUY1V.
Frequently Asked Questions
What is the purpose of Suominen's Sustainability Agenda?
The Sustainability Agenda aims to define clear goals and actions that lead to responsible manufacturing, enhanced social aspects, and improved environmental impacts.
What are the key themes in Suominen's Sustainability Agenda?
The key themes include People and Safety, Sustainable Nonwovens, Low Impact Manufacturing, and Corporate Citizenship, each with specific objectives.
How does Suominen measure its sustainability progress?
Suominen evaluates its performance annually against defined Key Performance Indicators (KPIs) associated with each sustainability theme.
What is the role of innovation in Suominen's sustainability efforts?
Innovation drives the development of sustainable nonwoven products, allowing Suominen to meet market demands while adhering to ecologically sound practices.
How can interested parties get in touch with Suominen?
Interested individuals can contact Tommi Björnman, President & CEO, or Noora Lindberg, Director of Sustainability & Marketing, through the provided contact details for inquiries.
