Valmet Automotive issues its sixth Annual Sustainability Report, marking significant progress in carbon reduction, business independence, and workplace safety. The report reinforces the company’s commitment to science-based climate targets, positioning Valmet Automotive in the industry-wide decarbonization, ensuring long-term business resilience and sustainability.

Valmet Automotive´s commitment to sustainability continues to yield tangible results. The now issued report covering the year 2024 shows that 96% of the company’s total energy consumption comes from renewable sources, contributing to over 90% decrease in scope 1 & 2 emissions since 2020.

The report highlights the company’s fostering of a proactive safety culture, resulting in outstanding workplace safety performance. In 2024, Valmet Automotive’s lost time injury frequency was 3,4 (2023: 6,7) and total recordable incident frequency 6,4 (2023: 10,3), showcasing strong commitment to health and safety of employees.

In 2024, Valmet Automotive reinforced the independence of its three business areas – Vehicle Contract Manufacturing, Roof & Kinematics Systems, and IONCOR Battery Systems. This strategic shift enhances agility and strengthens the ability to adapt to evolving market demands.

  • More independent business areas enable Valmet Automotive to develop business, and we have initiated a strategic review for expanding the operations to new industries, while still focusing on sustainability priorities. Our ambitious climate goals and remarkable workplace safety improvements highlight our unwavering commitment to the well-being of our employees, says Pasi Rannus, CEO, Valmet Automotive.

Valmet Automotive’s 2024 Sustainability Report marks a key milestone in aligning with the European Sustainability Reporting Standards (ESRS) in preparation for our first mandatory report under the EU Corporate Sustainability Reporting Directive (CSRD). While not yet fully compliant with CSRD requirements, this report begins the transition to ESRS standards.

With a clear focus on climate leadership, regulatory alignment, and business agility, Valmet Automotive is driving transformative change in the manufacturing industry. The company will remain committed to shaping a more sustainable future for the customers, employees, and stakeholders.

The report can be read and downloaded from Valmet Automotive’s website: Sustainability | Valmet Automotive.

Additional information:

Kirsi Kuitunen, Communications Manager, Valmet Automotive
kirsi.kuitunen@valmet-automotive.com

Image bank available at Media | Valmet Automotive (valmet-automotive.com)
www.valmet-automotive.com
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Valmet Automotive is one of the leading vehicle contract manufacturers in the world, and one of the largest European manufacturers of convertible roof and kinematic systems, including electric vehicle charging flaps and active spoilers. Valmet Automotive is the owner of the battery systems supplier IONCOR, one of the leading European companies in the industry. Since its founding in 1968 in Finland, Valmet Automotive has produced 1.9 million vehicles at its car plant in Uusikaupunki, Finland. The vehicle contract manufacturing operations are located in Finland. The convertible roof and kinematic systems operations are located in Poland and Germany, IONCOR’s battery system engineering and manufacturing facilities are in Finland and Germany. Valmet Automotive’s greenhouse gas emission reduction targets are externally validated by Science Based Targets initiative. Valmet Automotive’s gross sales in 2024 amounted to EUR 2.3 billion and net sales were EUR 511.4 million.