Sustainability Agenda

Sustainability means that we do things efficiently and responsibly in terms of the environment, people and the economy. All three dimensions are critical throughout our value chain, from raw material supply to end product. How we want to promote sustainable development is to innovate sustainable productsand to continuously improve the current ways of working. This is how we want to participate in creating a more sustainable future.

Materiality

The identification of the most material sustainability aspects helps us to prioritize our work and efforts in terms of sustainability. At Suominen, the material sustainability topics are defined according to their significance for Suominen’s business as well as stakeholders’ expectations. To make sure that Suominen’s sustainability work continues to focus on the most important sustainability topics we conducted a materiality assessment in collaboration with an independent third party in the summer of 2019.

The survey consisted of two phases, a web-based questionnaire and indepth interviews for certain stakeholder representatives. The respondents in the survey represented a wide range of stakeholders including customers, employees, shareholders, investors, suppliers and industry associations. The survey results were analyzed in Suominen’s internal workshop. As a result of our analysis, the six most material sustainability topics for Suominen were chosen. The results of the assessment serve as the basis for our Sustainability Agenda 2020–2025.

Material topics

  • Eco-friendly products
  • Health and safety
  • Energy efficiency
  • Waste prevention
  • Financial stability
  • Employee engagement

Revised sustainability agenda 2020–2025

Suominen revised its sustainability agenda as part of the business strategy work. The revised agenda was published in January 2020. The agenda crystallizes the sustainability themes and targets for the strategy period 2020–2025. The agenda was approved by the Executive team and it will be monitored regularly.

The agenda focuses on four themes, People and safety, Sustainable nonwovens, Low-impact manufacturing and Corporate citizenship. These themes were defined based on the materiality analysis. Creation of concrete action plans and the definition of KPIs for each focus area will continue during 2020. We will also continue to increase internal awareness of sustainability related topics and systematically integrate sustainability thinking into all our processes.

The Sustainability Agenda has four focus areas

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Suominen and the Sustainable Development Goals

 

The Sustainable Development Goals (SDG) adopted by the United Nations in 2015 define international sustainable development focus areas and goals. We want to do our part to promote the achievement of the goals in our value chain by increasing our positive impacts and decreasing our negative impacts. We have identified three SDG’s which covers the areas where we can make the biggest contribution and our sustainability agenda guides our work towards these goals.

 

SDG 8: Decent work and economic growth

Goal 8 focuses on promoting sustainable economic growth and decent work for all, including protection of labor rights and safe and secure working environment, equal pay and elimination of any kind of forced or child labor. Suominen promotes responsible business practices throughout the value chain and does not tolerate any kind of slavery, forced or child labor or human trafficking in its own or its suppliers’ operations. Suominen promotes equal opportunities for all. Our principle is “equal pay for equal contribution”. A safe workplace is one of our top priority and we are continuously striving to improve our safety culture to achieve an accident free workplace.

 

SDG 12: Responsible consumption and production

Goal 12 emphasis efficient use of natural resources and responsible consumption, the main targets being efficient management of natural resources, reduction of waste generation and adoption of sustainable business practices and reporting by companies. Our goal is to use natural resources as efficiently as possible and strive for minimization of waste in our production and finding alternative outlets for non-recyclable waste. With our product offering we contribute to this goal by taking into account the whole value chain in our product design in order to decrease any negative impacts on the environment. We report our activities and progress towards our sustainability goals publicly.

 

 

SDG 13: Climate action

Goal 13 focuses on mitigating climate change and its impacts. Suominen is committed to reduce greenhouse gases from its operations by improving its energy efficiency and finding alternative low-carbon energy sources. With our product offering we are contributing to this goal by calculating carbon footprint of our products including the whole value chain and developing solutions with smaller impact on climate.

 

Sustainability reporting

 

Suominen publishes annually its Sustainability Report as part of annual report. The purpose is to share information for our key stakeholders about Suominen’s sustainability approach and progress in sustainability. The sustainability report fulfills the requirement of Non-financial information required by Directive 2014/95/EU and the Finnish Accounting Act.

We continuously develop our sustainability reporting and strive for open, meaningful and equal stakeholder communication. Suominen reports its sustainability performance according to Global Reporting Initiative (GRI) standard for the first time in 2020.