Sustainable development Our future
Sustainable development has been set as a primary goal for the company, and we are taking systematic actions to achieve this.
We assess both the direct impacts of our operations and the value we create for society, our customers, and our supplier network.
Read more about our sustainability strategy and our goal to build future-proof solutions in vehicle production.
Valmet Automotive’s sustainability strategy was released in September 2021. Our strategy leans on three themes:
- Respecting planetary boundaries
- Strengthening integrity and dignity within the organization
- Ensuring profitable business
SPEED THE TRANSITION TO ZERO-EMISSION INDUSTRIES
Our sustainability strategy creates value for stakeholders through sustainable business. The strategy emphasizes environmental issues and the climate, and it is supported with a separate HR strategy which is led by the HR department. Our strategy was built with a large group of specialists, including management, and it is based on thorough review of stakeholders’ expectations, upcoming regulation and signals of future trends.
Sustainability Policy
The aim of our sustainability policy is to integrate the philosophy of sustainable development into all of Valmet Automotive’s activities and to create and promote social and environmental practices. Valmet Automotive is committed to minimizing its environmental impact.
| Sustainability Policy |
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Sustainability programme
At the core of Valmet Automotive’s sustainability efforts are systematic strategic work, reducing environmental impacts, and improving workplace safety. To implement our sustainability strategy, we have launched the True Green Initiative programme. This company-wide initiative guides us towards an environmentally conscious, sustainable future. The programme includes six different workstreams, each with several concrete actions.
SCIENCE-BASED CLIMATE TARGETS
OUR COMMITMENT TO CLIMATE CHANGE MITIGATION
Valmet Automotive is committed to doing its part to mitigate climate change and ensuring that our operations support international climate targets. We have joined the global Science Based Targets initiative (SBTi) and set science-based emission reduction targets aligned with the Paris Agreement. The goal of the agreement is to limit global warming to 1.5°C.
Valmet Automotive’s short-term targets:
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- Scope 1 and 2: We are committed to reducing emissions from our own operations by 90% from the 2022 baseline by 2030.
- Scope 3: We are committed to reducing emissions in our value chain by 25% from the 2022 baseline by 2030.
Our targets support the transition towards a sustainable future and highlight our commitment to responsible business practices. We continue to actively work on emission reductions and will regularly report on our progress.
Our work is a step towards more responsible vehicle manufacturing, where we aim to be pioneers in development.
EFFORTS FOR MITIGATING SUPPLY CHAIN EMISSIONS
Valmet Automotive’s carbon neutrality target covers emissions from purchased energy and our own operations. Emissions from our own operations are mainly generated by the used energy, e.g., heating and electricity, so we promote the CO2 neutrality target primarily by reducing energy consumption and by replacing existing sources of energy with renewable alternatives.
In addition to our own operations, we also aim to reduce emissions in our supply chain in the future. Our suppliers are obliged to commit to reducing CO2 emissions as per the Supplier Code of Conduct.
EXPECTATIONS TO US AND OUR SUPPLIERS
As players in the automotive industry, we all know that change, speed, and flexibility are our everyday challenges. That is why it is crucial that we have a solid foundation to build upon and pillars to rely on. Valmet Automotive is becoming an increasingly global company, with its heart in Finland. As we operate in several countries, it is more important than ever to define the legal guidelines and standards for ethical conduct. These help Valmet Automotive’s partners and stakeholders in their decision-making on a daily basis. Reputation, trust, and integrity are the three strong pillars on which Valmet Automotive’s success has been built for over 50 years.
| Code of Conduct | Supplier Code of Conduct |
RESPONSIBILITY
Valmet Automotive’s operations are based on honesty and mutual respect. We always comply with the law in our operations and compete in the spirit of fair play. We promote equality and invest in employee well-being and safety. Our principles ensure that Valmet Automotive is an innovative, efficient, and high-quality service provider, as well as a safe workplace.
To support and ensure these principles, Valmet Automotive offers the Compliance Channel to all employees and partners. Through this channel, reports can be made on actions within the company that do not align with our principles. Reports can be made with or without identifying the person.
SUSTAINABILITY NEWS
Here you will find Valmet Automotive’s latest news and press releases on sustainability.
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