Our statement on sustainability
We have updated our vision to state that Metso is the best choice for sustainable processing and flow of natural resources for our customers, employees, shareholders, and other stakeholders.
We work hard every day to live up to that vision and believe that Metso plays an important role as an enabler of a more sustainable global society. Together with our customers, we address complicated challenges and utilize our knowledge and advanced technology to meet their needs. As a result, raw material processing takes place in the most productive and efficient way.
Sustainable everywhere, every day
Metso’s sustainability strategy and targets were revised in 2016, approved by senior management, and reviewed by the Board. We want to be considered a thought leader in sustainability by 2020. The sustainability strategy defines more concretely what sustainability means at Metso, grouped into four focus areas: performing together, building customer success, contributing to the environment, and a responsible supply chain. In our view, we can make the biggest difference by innovating technologies and constantly improving our ways of operating. When selecting development actions, we maintain an active dialogue with our stakeholders. All the sustainability focus areas include defined targets, and we have over 20 key performance indicators in place to measure the impact.
One sustainability topic that is crucial not only for us, but also for all our customers – due to the nature of their business – is safety. The key safety indicator LTIF (lost-time incident frequency) provides essential information on how we have succeeded in advancing safer working conditions. Metso’s LTIF in 2016 was 2.4, compared to 2.7 in 2015. In practical terms, the decrease translates to hundreds of individual acts, observations, and reports, as well as constant training to improve safety in our facilities, everywhere we operate. The current level of accident frequency roughly corresponds to one incident reported per week among our more than 11,000 employees all over the world. We have every reason to be proud of this achievement and the steep downward trend since we started meticulously monitoring the LTIF. Our long-term target is zero accidents, and we believe it is achievable.
The best choice
Our customers’ needs define our strategy, and our priorities follow their priorities. There is no doubt that digitalization is opening growth opportunities for Metso. Intelligent products and processes, and increased automation, together with faster processing of large amounts of data, will improve productivity and transparency, and increase efficiency. We have taken a pragmatic approach to digitalization: strictly business-driven, with no heavy organizational structures. The focus is on customer benefits.