Sustainability Agenda

Suominen has revised its sustainability agenda as part of its business strategy work. The agenda crystallizes the sustainability themes and targets. Sustainability agenda covers strategy period 2020-2025 to support the targets set in the business strategy.

To make sure that Suominen’s sustainability work continues to focus on the most important topics to its business and stakeholders, a comprehensive sustainability materiality assessment was conducted in 2019. The work encompassed a thorough stakeholder survey, interviews with stakeholder representatives, as well as internal management workshop. The materiality assessment indicated that Suominen’s sustainability work was focusing on the right topics, but the process helped to crystallize Suominen’s sustainability targets as well as better address business opportunities related more sustainable products and business practices.

The Sustainability Agenda has four focus areas

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Suominen and the Sustainable Development Goals

 

The Sustainable Development Goals adopted by the United Nations in 2015 define international sustainable development focus areas and goals for 2030. We want to do our part to promote the achievement of these goals in our value chain by increasing our positive impacts and decreasing our negative impacts. We have identified three SDGs covering the areas where we can make the biggest contribution and our sustainability agenda supports 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 the use 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, human trafficking in its own or its suppliers operation. Suominen promotes equal opportunities and equal pay for all. Our principle is “equal pay for equal contribution”. A safe workplace is one of our top priorities and we are continuously striving to improve our safety culture to achieve accident-free workplaces.

 

SDG 12: Responsible consumption and production

Goal 12 emphasizes 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 while minimizing waste generation from our operation by improving our material efficiency, recycling as well as finding new solution to utilize generated waste. Through this, we are contributing to this goal by taking into account the whole value chain in our product design to decrease any negative impacts on the environment. We are publicly reporting our activities and progress towards our sustainability goals.

 

 

SDG 13: Climate action

Goal 13 focuses on mitigating climate change and its impacts.

Suominen is committed to reducing greenhouse gases from its operation by improving its energy efficiency and finding alternative low-carbon energy sources. We calculate the carbon footprint of our products with the aim of taking the whole value chain into consideration. We are contributing to this goal by developing solutions with a smaller impact on the 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.