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Valmet introduces carbon-neutral production targets in climate program

Valmet has introduced its new climate program, which it says is an extension of its sustainability strategy.

The company’s climate program, called “Forward to a carbon neutral future,”  includes CO_₂ emission reduction targets and concrete actions for the whole value chain, including Valmet’s own operations, the supply chain and the use of Valmet’s technologies by its customers.

Valmet targets to reduce 80 per cent of CO_₂ emissions in its own operations and 20 per cent in its supply chain by 2030. Valmet aims to reach its own operations’ climate targets without emission compensation.

The program is aligned with the Paris Climate Agreement’s 1.5-degree pathway and the United Nations Sustainable Development Goals, and Valmet is in process to send its climate targets to the Science Based Targets Initiative for validation.

Valmet’s own operations account for approximately one per cent of the company’s value chain’s carbon footprint and around four per cent arises through Valmet’s supply chain.

The program emphasizes Valmet’s current and future ability to enable 100 per cent carbon-neutral production for its customers. Valmet targets to enable carbon-neutral production for all pulp and paper industry customers by 2030, which requires the company both to develop new technologies enabling fossil-free pulp and paper production and to further improve the energy efficiency of its current technology offering by 20 per cent by 2030.

Today, the customers’ chemical pulp mills using Valmet’s technologies are often over 100 per cent bioenergy self-sufficient already. Furthermore, Valmet’s current bioenergy boiler offering enables 100 per cent fossil-free heat and power production.

“Climate change and global warming are significant challenges that are driving companies to rapidly transform and reduce their carbon dioxide emissions,” says Pasi Laine, president and CEO, Valmet, in a statement.

“We believe that technology plays a key role in mitigating climate change and global warming and the transition to a carbon-neutral economy.”

Valmet has been recognized for its actions and strategy to mitigate climate change by maintaining leadership position in CDP’s climate program ranking since 2016. Valmet has also been included in the Dow Jones Sustainability Indices since 2014.