Governance

Governance performance assessment includes three themes: fair business practices​, corporate governance & remuneration​ and sustainable supply chain.

Governance Suominen result (points) Max score (points) Share from max score Weight TOTAL SCORES TO ESG METER
Fair business practices 25 27 93 % 10 9
Corporate governance & remuneration 30 36 83 % 10 8
Sustainable supply chain 18 30 60 % 10 6
Total performance - Governance       30 24
Fair business practices   Performance Reference Score from maximum Scoring principles
TOTAL       25 / 27  
Coverage of code of conduct. Share of trained personnel   82 % AR p.20 1 / 3 100% coverage - 3 points
90-99% coverage - 2 points
80-89% coverage 1 points
<80% coverage 0 points
Company code of conduct includes corruption and bribery statements   YES Policies 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Company code of conduct includes discrimination statements   YES Policies 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Company code of conduct includes human rights   YES Policies 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Company code of conduct includes labour practices   YES Policies 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Company code of conduct includes equal opportunities    YES Policies 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Access to remedy   YES  AR p. 37 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Discrimination and corrective actions reported    YES AR p. 46 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Number of discrimination cases   0 AR p. 46 3 / 3 0 Incidents - 3 points
1+ Incidents - 0 points
Corporate governance & remuneration   Performance Reference Score from maximum Scoring principles
TOTAL       30 /
36  
Process to involve stakeholders / facilitate participation of the stakeholders   YES AR p. 36 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Sustainability report is published   YES Sustainability reporting 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Third party assurance of sustainability report   YES AR p.52-54 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Percentage of board members independent of the company   100 % AR p. 59 3 / 3 100% board members independent - 3 points
<100% board members independent - 0 points
Independent board chair   YES AR p. 59 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Public disclosure of compensation schemes for members of the executive management team   YES AR p.158-159 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Integration of sustainability performance objectives into the variable remuneration of members of the executive management team   NO N/a 0 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Public disclosure of CEO to employee compensation ratio   NO N/a 0 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Public disclosure of payments to government   YES AR p. 47 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Public disclosure of economic activity   YES AR p. 10-11 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Support to political activities   NO Policies 3 / 3 If answer is NO - 3 points
If answer is YES - 0 points
Tax footprint reported in company level   YES AR p.38-40 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Sustainable supply chain   Performance Reference Score from maximum Scoring principles
TOTAL       18 /
30  
Coverage of suppliers that complies with Suominen's supplier CoC standard   100% AR p.35 3 / 3 100% Supplier CoC coverage - 3 points
90-99% Supplier CoC coverage - 2 points
80-89% Supplier CoC coverage - 1 points
<80% Supplier CoC coverage 0 points
Supplier code of conduct includes corruption and bribery statements   YES Policies 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Supplier code of conduct includes discrimination statements   YES Policies 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Supplier code of conduct includes human rights   YES Policies 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Supplier code of conduct includes labor practices   YES Policies 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Supplier code of conduct includes equal opportunities   YES Policies 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Third party supplier audit partner in place   NO N/a  0 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Suppliers from risk areas assessed   NO N/a 0 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Coverage of risk suppliers audited by third party partner   0% N/a 0 / 3 100% suppliers audited - 3 points
90-99% suppliers audited - 2 points
80-89% suppliers audited - 1 point
<80% suppliers audited - 0 points
EcoVadis medal rating   No medal N/a  0 / 3 Platinum or Gold medal - 3 points
Silver medal - 2 points
Bronze medal  - 1 point
No medal - 0 points