Sustainability management

Sustainability at Metso is founded on Metso’s strategy, code of conduct and on selected, globally acknowledged guidelines and principles. At Metso, sustainability is embedded in our organizational culture. Our sustainability agenda describes our approach to sustainability; we want to be a responsible and trusted partner and deliver sustainable productivity for our customers.

Sustainability is fundamental to our business and everyday work at all levels of the organizations.

Metso’s Board of Directors oversees the effectiveness and impact of Metso sustainability governance. Metso executive team acts a sustainability committee that regularly follows and ensures the implementation of the sustainability agenda and makes decisions on corporate-level sustainability targets.

The sustainability team drives the sustainability agenda at the corporate level in cooperation with the businesses and corporate support functions. Team manages Metso’s material sustainability issues, and cooperates on developing sustainability practices, sustainability communication and implementation of corporate policies. Team gives key input to sustainability-related corporate development training, risk management and external reporting in cooperation with different corporate functions and is also responsible for including proactive management of key stakeholders’ expectations.

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Active interaction with our stakeholders is a key aspect of Metso’s approach to sustainability. Metso’s stakeholders are entities or individuals that have an impact on our business, or are affected by our activities, products and services, and are presenting us with both risks and opportunities. The focus areas and the channels of communication vary according to the stakeholders' needs.

Customers

Our customer relationships are built on continuous interaction, extensive know-how and long-term commitment. Our ambition is to create mutual business success, be the best choice and a preferred partner in all that we do. More about customer engagement is available in Business Overview and Non-Financial information

Employees

Metso people are a high priority in our strategy. We consider our people and their knowledge, expertise and skills as one of our competitive advantages. We continuously develop our managers’ leadership capabilities and enhance competence development of our employees. More about employees is available in Business Overview and Non-Financial information

Suppliers and subcontractors

We work closely with many of our suppliers and subcontractors. The cooperation is based on solid partnership and long-term collaboration. We have transparent supplier requirements and we foster safe working practices. We conduct internal sustainability supplier audits and third-party supplier audits for higher risk suppliers. More about suppliers is available in Business Overview and Non-Financial information

Shareholders and Investors

Metso is committed to long-term value creation for its shareholders.  We have continued to develop our sustainability for investor messages in different channels. We actively engage with our investors and shareholders in events,meetings, calls and digital channels More about investor dialogue in 2018 in the Financial Statements: Investor information.

Media

We provide clear and accurate disclosure about Metso. We proactively and responsively communicate in many media channels.

Non-governmental organizations

We have good cooperation with non-governmental organizations (NGOs). We cooperate with e.g. John Nurminen Foundation, Plan India and SOS Children’s Villages International.

Local communities

We act as a responsible corporate citizen and work closely with communities surrounding our operations. We create value by providing employment opportunities and support corporate social responsibility initiatives in the communities around our businesses.

Universities, vocational schools and research centers

We find cooperation with universities and research institutes important and crucial element to foster innovation. We have cooperation projects, school visits, apprenticeship contracts and traineeship- and dissertation positions.

We believe that adapting to global challenges through innovation, quality and productivity enhances our ability to generate long-term shareholder value. Our target is to constantly improve our ratings on the significant sustainability indices.

Global sustainability indices track the performance of companies and rate how companies face and manage sustainability trends, such as resource scarcity, climate change or an aging population within a company’s competitive environment. Global frameworks also provide companies with the possibility to develop through transparent and enduring indicators.

Metso is included in the following sustainability indices:

  • CDP Management level
  • RobecoSAM Sustainability yearbook 2017
  • FTSE4GOOD index
  • Ethibel Sustainability Index
  • OMX GES Sustainability Finland Index
  • Vigeo Rating
  • STOXX Global ESG Leaders Indices

We support programs mainly related to science, research and education, environmental protection and conservation, health and social, culture and arts, and also youth activities.

  • Science, research and education: Research and education programs by universities, colleges, or research institutes that address technology and business management issues related to Metso’s business.
  • Environmental protection and conservation: Environmental programs, events and organizations to increase the exchange of information, improve the awareness on environmental issues or gain positive impact on the environment.
  • Health and social programs: Programs that help raise awareness of health and safety related matters and/or have a direct and concrete social benefit by having a positive impact on the communities and areas in which we operate.

See examples of our sponsorship cooperation

 

Managing sustainability risks and opportunities is integrated into a multi-disciplinary, company-wide risk management processes at Metso. We have a systematic method for annually assessing the probability and impact of sustainability-related risks.

The biggest risks and opportunities related to the environment and climate change are transferred to Metso from our customers and are thus linked to our products, technology, and research and technology development. We assist our customers in reducing their CO2 emissions through energy savings in their existing operations or through innovative energy-efficient technologies for new plants.

The supply of clean water is also a global challenge. We have a strong focus on developing solutions to significantly reduce water consumption in our customer industries. By systematically monitoring the development of environmental issues, we strive to find new business opportunities, which, if overlooked, would pose a strategic threat.

Stricter environmental legislation and increased environmental awareness is a trend both in developed and emerging markets. This creates opportunities for us to offer new intelligent solutions that improve our customers’ energy efficiency, reduce emissions, promote recycling and meet more stringent environmental standards. Based on our risk assessment results, we are managing regulatory development challenges to maintain a global competitive position.