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 26 30 87% 10 9
Corporate governance & remuneration 33 36 92% 10 9
Sustainable supply chain 22 30 73% 10 7
Total performance - Governance       30 25
Fair business practices   Performance Reference Score from maximum Scoring principles
TOTAL       26 / 30  
Coverage of code of conduct. Share of trained personnel   92% AR p. 103 2 / 3 100% coverage - 3 points
90-99% coverage - 2 points
80-89% coverage - 1 point
<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 labor 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
Whistleblowing procedure in place   YES AR p. 101-102 3 / 3 If whistleblowing channel is in plance and open for internal and external stakeholders - 3
If whistleblowing channel is in place and open for internal stakeholders - 2
No whistleblowing channel in place - 0
Access to remedy   YES  Policies 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Discrimination and corrective actions reported   YES AR p. 100 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Number of discrimination cases   1 AR p. 100 0 / 3 0 Incidents - 3 points
1+ Incidents - 0 points
Corporate governance & remuneration   Performance Reference Score from maximum Scoring principles
TOTAL       33 /
36  
Process to involve stakeholders / facilitate participation of the stakeholders   YES AR p. 64-65 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Sustainability report is published   YES Sustainability report 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Third party assurance of sustainability report   YES AR p. 206-208 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. 25 3 / 3 100% board members independent - 3 points
<100% board members independent - 0 points
Independent board chair   YES AR p. 25 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. 179-181 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   YES AR p. 100 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Public disclosure of income taxes   YES AR p. 11 3 / 3 If answer is YES - 3 points
If answer is NO - 0 points
Public disclosure of economic activity   YES AR p. 8 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. 41-42 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       22 /
30  
Coverage of suppliers that complies with Suominen's supplier CoC standard   100% AR p. 104 3 / 3 100% Supplier CoC coverage - 3 points
90-99% Supplier CoC coverage - 2 points
80-89% Supplier CoC coverage - 1 point
<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
Primary raw material suppliers assessed against supplier code (based on risk assessment)*   91% AR p. 104 1 / 3 All primary suppliers 100% - 3 points
50-99% - 1
0-49% - 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 assessment medal rating   Gold AR p. 17 3 / 3 Platinum or Gold medal - 3 points
Silver medal - 2 points
Bronze medal  - 1 point
No medal - 0 points
*Question and scoring principles reformulated