We are transparent in communicating our goals and actions in sustainability. We report on sustainability on a quarterly and yearly basis in interim reports as well as Annual report more extensively. Most important KPI information and report links can be found on this page.
2024 Annual report sustainability content
Metso Plus approach
Central to our sustainability efforts is our Metso Plus offering – products and services that are more energy- or water-efficient than an industry benchmark or a previous-generation product in the market.
We target to grow Metso Plus sales faster than overall sales. Our Metso Plus portfolio already includes over 100 products, and we aim to keep expanding and improving this offering to have a Metso Plus product for every part of our customers’ value chain. To achieve this, all our R&D projects must have sustainability benefits; we aim to have 80% of our R&D spend on Metso Plus product and services offering development by 2030.
In 2024, Metso Plus sales were EUR 1,261 million. 97.5% of R&D project spend was with projects that have sustainability targets and 78.1% of our R&D spend was towards developing new Metso Plus products.
Avoiding CO2 emissions in our own operations and logistics
We have ambitious CO2 emissions reduction targets for our own operations. We target net-zero emissions by 2030. In logistics we aim to decrease CO2 emission by 20% by 2025. In addition, we aim for 15% decrease in water consumption per employee in water scarce locations and 90% less waste landfill by 2030.
In 2024, we decreased CO2 emissions in our own operations by 72% compared to 2019 baseline. To reach net-zero goal, we are actively pursuing decarbonization initiatives across our operations. These efforts primarily involve reducing reliance on carbon-based energy sources within Metso’s own facilities. In 2024, we invested over EUR 0.6 million in capital projects to reduce our Scope 1 and 2 CO2 emissions. Specific actions completed in 2024 include for example the following:
- Electrification of a smelting furnace in Quzhou, China
- Installation of solar panels at manufacturing locations in Australia, China, India and Mexico
- Change from diesel to electric forklifts and company vans in Australia, China and Finland
- Installation of air-cooling pumps for improved air-cooling efficiency in Finland
- Surplus heat re-use from compressor room to other processes in China
Optimized logistics can significantly reduce our environmental footprint. In 2024, we reduced our logistics CO2 emissions by 10% compared to 2019. However, reducing logistics CO2 emissions is proving to be difficult given increasing business volumes and absolute target, so we are looking for innovative ways to optimize the logistics even further, for instance by batching several shipments into one to optimize container loads. The focus has also been on implementing the 4Rs (Reduce, Reuse, Recycle, Replace) in warehouse operations and seeking better packaging options to further enhance sustainability efforts.
Health and safety performance
We have an uncompromising approach to health and safety for all our employees, partners, customers and other stakeholders, and a comprehensive agenda to continuously improve our safety performance. In 2024, our LTIFR was 1.4 and TRIFR 2.7.
In 2024, Metso’s global safety leadership team reviewed and enhanced Metso’s long-term safety plan and all business and market areas were asked to conduct an analysis to identify gaps between local operations and the requirements of the health and safety directives. An ongoing review program is incorporated into Metso’s audit program, and this work continues in 2025.
After analyzing injury data from the past five years, the prevention of lifting incidents and hand injuries were identified as key focus areas in 2024. As a result, all operations were asked to review and analyze the risk assessments and inspections to determine if this is an issue in their operations. Managers and supervisors were tasked with identifying unsafe behaviors in lifting operations through safety conversations and promoting better safety procedures for lifting. Additionally, all employees were encouraged to drive behavioral change by reporting risk observations and having safety conversations.
We performed 50 internal safety audits in 2024. This resulted in around 300 corrective actions.
Our supplier engagement
We encourage our suppliers to commit to the Science Based Targets initiative (SBTi). One of our sustainability targets is that 30% of procurement spend is with suppliers who have committed to SBTi by 2025. Our supplier engagement program started in 2020 and 31.6% of our direct suppliers were committed to SBTi by the end of 2023.
Our annual auditing program identifies suppliers to be audited based on a supplier sustainability risk assessment. In 2024, we conducted 179 supplier sustainability audits.
Our progress against sustainability targets
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