Valmet Automotive Group is confirmed by the international classification society DNV to be CO2 neutral in its operations since January 1, 2022. Carbon neutrality is a strategic goal of Valmet Automotive, and the company has significantly reduced emissions from its operations in recent years. Valmet Automotive is a leading player in the automotive industry in climate work.
Valmet Automotive has announced its commitment to carbon neutrality in accordance with the PAS 2060 standard as of January 1, 2022 in its own operations. DNV has now verified both Valmet Automotive’s target and the measures related to its implementation. Valmet Automotive’s commitment is part of a certification process in which the CO2 emissions of its operations are reviewed annually by a third party and the unavoidable emissions will be fully compensated.
Valmet Automotive has been actively implementing measures to reduce its CO2 emissions for years. The company uses electricity only from renewable sources at its sites, and its CO2 emissions, calculated according to the GHG (Greenhouse Gas) Protocol, were reduced by about 80 percent between 2019 and 2021. Valmet Automotive will continue to work systematically to reduce emissions.
Emission compensation is done annually based on the calculated emissions of the monitoring year at the beginning of the following calendar year. Valmet Automotive compensates its emissions with internationally certified projects that promote the production of renewable electricity and energy. The compensation projects will be focusing on developing countries, where they provide the greatest added value.
– Valmet Automotive is an advanced, strongly committed, and vigilant player in climate work. Our announced commitment, now confirmed by a third party, means that Valmet Automotive is carbon neutral in its operations and one of the pioneers in our industry, says Olaf Bongwald, CEO, Valmet Automotive.
Valmet Automotive’s commitment to carbon neutrality in accordance with the PAS 2060 standard and the verification by DNV are available online on Valmet Automotive’s website. In accordance with the requirements of the standard, Valmet Automotive will publish an annual report on its emissions, the activities affecting them and the compensations.
Mikael Mäki, Manager, Corporate Communications, Valmet Automotive
+358 50 317 4308
Image bank available at https://www.valmet-automotive.com/media/
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The Valmet Automotive Group is one of the largest vehicle contract manufacturers in the world, Tier 1 systems supplier for convertible roof systems and for battery systems. In its strategic development, Valmet Automotive Group focuses on electromobility with the development and manufacturing of battery modules as well as packs for electrified vehicles. The activities in the group are organized in three business lines: Manufacturing, EV Systems and Roof & Kinematic Systems. Since its founding in 1968, Valmet Automotive has produced more than 1.7 million vehicles at the Uusikaupunki, Finland plant. Valmet Automotive operates two battery plants in Salo and Uusikaupunki. A third battery plant in Kirchardt, Germany, will start production in 2022. The company has locations in Finland, Germany and Poland. Valmet Automotive’s largest shareholders are state-owned Finnish investment company Tesi and the Pontos Group, each with a stake of 38.46 %. 23.08 % is held by the Chinese Contemporary Amperex Technology Limited (CATL), the world leading manufacturer of battery cells for electric vehicles.