Stock Exchange release January 22, 2008 08:30:00 AM CET
Master's thesis on Metso's environmental responsibility is Europe's best
Kaisa Jungman's (M.Sc.) thesis about Metso's supply chain has been granted the Best Master's Thesis Award in Paris. The French Forum pour l'Investissement Responsable, FIR (Social Investment Forum) has chosen the master's thesis written by Jungman, a Helsinki University of Technology graduate, as Europe's best thesis with a sustainability focus. In her master's thesis, Jungman studied the supply chains of Metso's different industry segments from an environmental perspective.
Working as a Development Engineer at Metso, Jungman says that companies are increasingly outsourcing their business, while at the same time legislative, customer and other stakeholder demands for operational sustainability are growing. "Companies should adopt responsible business principles throughout the entire supply chain, starting with raw materials," emphasizes Jungman, who examined the actions of subcontractors in terms of environmental responsibility.
Metso's Marko Hakovirta, Vice President, Environment, Quality and Technology, was the thesis advisor. "Jungman's work is a pioneering account of the environmental impacts of the project and procurement activities of a global technology company," Hakovirta notes. He goes on to say that as companies move towards networking and global operations, their environmental management will inevitably encompass the entire value chain.
"Metso wants to be a frontrunner in improving the accountability of the supply chain. Jungman's work is part of the project that is aiming to develop our environmental management also towards this direction," Hakovirta says.
FIR supports and promotes research in sustainability and finance. The award jury consisted of experts from academia and business. The award criteria included the importance and quality of the work and the originality of the topic and the approach. Additional information about the organization and the award is at www.frenchsif.org/en/
Metso is a global engineering and technology corporation with 2006 net sales of approximately EUR 5 billion. Its more than 26,000 employees in more than 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries. www.metso.com
For further information, please contact:
Kaisa Jungman, Development Engineer, Metso, tel. +358 20 484 3150
Marko Hakovirta, Vice President, Environment, Quality and Technology, Metso, tel. +358 20 484 3272