Materiality

During 2021, Valmet renewed its Sustainability360° agenda based on an analysis of the business environment, benchmarks and peer reviews, industry and corporate sustainability trends, future regulatory requirements, and stakeholder expectations. Through this analysis, we defined new focus areas and identified and updated material topics for Valmet's value chain. The proposal for a renewed agenda was validated in multiple workshops organized with business functions, followed by strategic action planning and approval by the Valmet executive team.

The renewed Sustainability 360° agenda takes a comprehensive approach to sustainability across Valmet’s value chain, including the supply chain, own operations and the use phase of Valmet´s technologies at customer sites.

The agenda covers nine main material topics that are grouped around the focus areas: Environment, Social and Governance. All the material topics have defined targets, actions and KPIs and are integrated into Valmet´s strategy process and annual planning.