Valmet achieves the best A rating in CDP's climate listing

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Feb 06, 2024, 08:07 ET

ESPOO, Finland, Feb. 6, 2024 /PRNewswire/ -- Valmet has been recognized for its climate work by receiving the best A rating in CDP's climate listing.

CDP's evaluation is based on the company's disclosure about its strategy, targets, governance, risks and opportunities, risk management and actions in the last reporting year related to climate change mitigation and development of low-carbon technology and solutions.

"Being aknowledged among the leaders in sustainability with the CDP's A rating, is a positive proof of our climate work and ambitious targets. We have consistently moved forward with our Climate Program that covers the entire value chain, and to enable carbon neutral production to our customers around the world. We are pleased with the results so far, while recognizing the importance for continued efforts," says Anu Salonsaari-Posti, SVP, Marketing, Communications, Sustainability and Corporate Relations.

The implementation of its Climate Program is a high priority for Valmet. The program covers the company's entire value chain: supply chain, own operations and the use phase of Valmet's technologies and services by its customers. During 2023, the company achieved its target of enabling 100 percent carbon neutral production for its pulp, paper and energy customers, seven years ahead of the target. In own operations, Valmet made significant energy efficiency investments to reduce CO₂ emissions in its locations and continued purchasing CO₂-free electricity, reaching 100 percent CO₂ neutral electricity purchases in Finland and Sweden in 2023. In the supply chain, the company has succeeded in engaging more than 90 highest-emitting suppliers to take climate actions.

About CDP

CDP is an international non-profit organization that drives companies and governments to manage their environmental impacts. CDP's list of all companies publicly taking part in its climate disclosure this year is available on CDP's website.

VALMET
Corporate Communications

For further information, please contact:
Anu Salonsaari-Posti, SVP, Marketing, communications, sustainability and corporate relations, Valmet, tel. +358 10 672 0000
Reetta Loponen, VP, Sustainability, Valmet, tel. +358 40 0011 211

Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward – every day.

The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. Valmet's net sales in 2022 were approximately EUR 5.1 billion.

Valmet's shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.