Metso Corporate Sustainability Performance and reporting

Sustainability performance

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.

2022 Annual report sustainability content

Planet Positive approach

Planet Positive approach

Central to our sustainability efforts is our Planet Positive offering, products that are more energy and/or water efficient than baseline technology. They cut emissions and help our customers to achieve other sustainability goals. We have more than 100 Planet Positive products in our portfolio. In addition, Planet Positive services include modernizations of existing equipment and optimization of production processes.

We aim for Planet Positive sales growth to exceed overall sales growth. In addition, we that 100% of R&D project spend is with projects that have energy efficiency, emissions, circularity, water use or safety objectives.

In 2022, Planet Positive sales were EUR 1,338 million. 99% of R&D project spend was with projects that have sustainability targets.

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 2022, we decreased our own CO2 emissions by 60% compared to the baseline year 2019. This was partly thanks to close to 40 environmental projects that were completed. Last year’s projects included multiple solar panel installations at manufacturing locations, increasing our renewable energy generation by 80% from the previous year, and improving the overall energy efficiency of processes and facilities. Almost all Finnish locations moved to green district heat and several other initiatives were completed globally.

In 2022, we decreased our logistics CO2 emissions by 12% compared to the 2019 baseline. We focused on payload optimization, which means utilizing container space more effectively. Water consumption decreased 3% and waste to landfill 4% from previous year.

Avoiding CO2 emissions in our own operations and logistics
Health and safety performance

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 2022, our LTIFR was 1.1 and TRIFR 2.8.

Central to our health and safety approach in 2022 was the launch of a new program that aims to prevent fatalities and severe injuries. This fatality prevention program is designed for a harmonized and standardized approach to control the highest safety risks in the company and to also allow employees to make the right decision when facing those risks.

In 2022, we performed audits at 11 locations. In response to the audit findings and risk observations, over 90,000 corrective actions were implemented to improve the overall level of safety. 95% of the corrective actions were closed by year-end 2022.

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 19.6% of our suppliers were committed to SBTi by the end of 2022.

Our annual auditing program identifies suppliers to be audited based on a supplier sustainability risk assessment. In 2022, we conducted 131 supplier sustainability audits and 76.5% of the corrective actions from 2022 had been implemented by year end. In 2022, we also started monthly meetings with the Heads of Procurement to discuss challenges, share good practices and define management actions regarding the performance of our suppliers.

Our supplier engagement

Our progress against sustainability targets

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Sustainability reports from previous years