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European Climate Pact

Perustiedot

Location

Finland

Sector

Capital goods

Organisation type
Business

Company Information

Valmet develops and supplies competitive process technology, services and automation for the pulp, paper and energy industries. It is publicly listed and headquartered in Espoo, Finland. In 2021, the company reported a total of 14,163 employees in over 30 countries and a net sales revenue of 3.9 billion Euro*

*Source

Our progress towards decarbonization

 

GHG Emissions

North Star

  • Valmet has a target to reduce absolute scope 3 CO2e emissions 20% by 2030 from a base year of 2019. Valmet has a target to reduce absolute scope 3 CO2e emissions 30% by 2030 from a base year of 2019. Valmet has a target to reduce absolute scope 3 CO2e emissions 60% by 2030 from a base year of 2019

Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (25/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (25/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

North Star

  • Valmet have a publicly available 1.5°C aligned low-carbon transition plan

Pledge: Have a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (25/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

​​​​​​​​​​​​​​MRV: Pact MRV in place

Status date: Submitted (25/07/2022)

Data source: CDP Climate Change 2022

 

Buildings

Our actions – the Pathway

  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings

​​​​​​​​​​​​​​MRV: Pact MRV in place

Status date: Submitted (25/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

 

Our actions – the Pathway

  • Have an ongoing and transparent dialogue with our value chain around climate-related issues
  • Have a supplier/customer engagement strategy to drive best practices in tackling environmental and climate-related issues

​​​​​​​​​​​​​​MRV: Pact MRV in place

Status date: Submitted (25/07/2022)

Data source: CDP Climate Change 2022