What Company is This?
Valmet’s history can be traced back to the 18th century, when a small shipyard was established in Viapori in 1759 and the Tamfelt felt-weaving mill opened in Jokioinen in 1797. Today, Valmet is a global company employing more than 19,000 people and is organised in five business lines: Services, Flow Control, Automation Systems, Pulp and Energy, and Paper. Valmet’s headquarters is located in Finland, and the company’s shares are listed on the Helsinki stock exchange.
What Are the Results?
Valmet improves its performance from last year by 12 percentage points and ranks highest among Finnish companies on the Scoreboard, with a score of 29%. Interestingly, its score for the General Supply Chain Sustainability declines by 4 percentage points from 30% to 26%, while its Steel Supply Chain Sustainability score improves by an impressive 28 percentage points, from 4% to 32%. This results in a fifth place in the Steel Supply Chain category as well as in the Total Score. Valmet scores 21% for Target-Setting and Progress and 17% for Supply Chain Levers in the General Supply Chain Sustainability category, and 100% for Disclosure, 29% for Target-Setting and Progress, and 0% for Supply Chain Levers in the Steel Supply Chain Sustainability category.
What Are the Highlights?
Valmet earns partial points in the General Supply Chain Sustainability category for its climate targets, which are currently being validated by the SBTi, suggesting the company will likely score higher on this indicator next year. This is also why Valmet’s score in this category has declined compared with last year, when it still had valid SBTi targets. In addition, partial points are awarded for requiring either science-based or publicly disclosed Scope 1 and 2 targets from suppliers, for having a process to reduce greenhouse gas emissions and other environmental impacts in its supply chain, for disclosing the number of supplier audits, and for screening suppliers from a sustainability risk perspective.
Valmet completed its climate transition plan in 2025 and, in connection with that, reported its share of greenhouse gas emissions from steel (66%) for the first time and, as the first Finnish company included in the analysis, received full points for this indicator. Valmet also earns partial points in the Steel Supply Chain category for disclosing a target to use 85% recycled steel in its own foundries by 2030 and for reporting the share of recycled steel used.
Where Can the Company Improve?
Valmet could improve in General Supply Chain Sustainability by committing to eliminating deforestation and the conversion of natural ecosystems in its supply chains. This would be particularly significant given that Valmet serves the pulp and paper industry, which is directly associated with deforestation risk, making a value chain-wide commitment especially relevant. Valmet scores 0 for implementing incentives and control systems to improve water management and eliminate deforestation in its supply chain. There is still room for improvement also in the Steel Supply Chain Sustainability category, despite the dramatic increase in Valmet’s score this year. The company scores no points for setting targets for or reporting the share of fossil-free steel in its production, or for membership of SteelZero, First Movers Coalition, or ResponsibleSteel, or for entering into formal arrangements with suppliers to incentivise investment or scale-up of fossil-free steel production, or, finally, for integrating improved steel recyclability in its product design and manufacturing.
