Valmet's Outstanding Achievement in Sustainability Assessment
Valmet has recently been recognized for its exceptional sustainability efforts, having received a Gold Medal in the EcoVadis sustainability assessment. This prestigious accolade places Valmet among the top 5% of over 150,000 companies evaluated globally. EcoVadis assesses businesses based on four critical categories: environment, labor and human rights, ethics, and sustainable procurement.
Recognizing Valmet’s Commitment to Sustainable Practices
With an impressive overall score of 82/100—six points higher than the previous year—Valmet has reached new heights in its sustainability journey. This achievement not only reflects the company’s dedication but also signifies its progress toward ultimately securing the coveted Platinum Medal.
Valmet's Strategic Approach to Sustainability
“This recognition showcases our unwavering commitment to sustainability and the systematic approaches we've implemented to achieve our ambitious goals,” stated Reetta Loponen, Vice President of Sustainability at Valmet. “Our new strategy, 'Lead the Way', embeds sustainability into every facet of our operations, from our offerings to our supply chain. The fact that EcoVadis is widely adopted by our customers for evaluating partners further emphasizes the global recognition of our efforts.”
Performance Metrics and External Recognition
Valmet has actively engaged in various third-party sustainability ratings, allowing stakeholders to gain valuable insights into its sustainability performance. The company's ongoing dedication to responsible practices has garnered recognition from multiple external entities, including the CDP environmental disclosure scoring and MSCI ESG Ratings.
Understanding EcoVadis
EcoVadis is a renowned evaluation platform that analyzes the sustainability performance of organizations across four fundamental areas. The platform's medal system categorizes companies into Platinum, Gold, Silver, or Bronze based on their achieved scores. Each year, EcoVadis conducts assessments for approximately 150,000 businesses worldwide, allowing for a comprehensive understanding of sustainability practices across industries.
A Legacy of Innovation and Sustainability
As a leader in technology for process industries, Valmet emphasizes collaboration with customers throughout the entire lifecycle. The company delivers advanced technologies, mission-critical automation, and flow control solutions, positioning itself uniquely to drive the industry toward sustainable transformation.
Boasting over 225 years of industrial experience and a dedicated workforce of more than 19,000 professionals, Valmet is well-equipped to meet the challenges of today’s industrial landscape. In the most recent fiscal year, Valmet's net sales reached approximately EUR 5.4 billion.
Global Presence and Expertise
With its headquarters situated in Espoo, Finland, Valmet's global footprint extends to around 40 countries, ensuring that expert assistance is always nearby. The company’s shares are traded on Nasdaq Helsinki, making it an accessible option for investors interested in supporting sustainable practices.
Connect with Valmet
Valmet encourages interested parties to stay updated on its sustainability initiatives and corporate developments through its various online platforms. The company is active on social media and maintains a robust digital presence to engage with its customers and stakeholders effectively.
Frequently Asked Questions
What is the EcoVadis sustainability assessment?
EcoVadis is a global assessment platform that evaluates businesses' sustainability performance across environmental impact, labor and human rights, ethics, and sustainable procurement.
What were Valmet's scores in the EcoVadis assessment?
Valmet achieved a score of 82 out of 100 in the EcoVadis assessment, placing it among the top two percent of all assessed companies.
How does Valmet incorporate sustainability into its strategy?
Sustainability is central to Valmet's new strategy, 'Lead the Way', ensuring it is integrated into all aspects of the company's operations and supply chain.
How does EcoVadis award its medals?
EcoVadis awards Platinum, Gold, Silver, or Bronze medals based on a company's score in their sustainability assessment, determining their ranking amongst peers.
How can I stay updated on Valmet's sustainability efforts?
Valmet regularly shares updates through its website and social media platforms, allowing stakeholders to follow its sustainability initiatives and corporate news.
