Valmet Oyj

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Comprehensive Valmet provides a highly transparent picture of its climate-policy lobbying. It explicitly lists several individual files it has engaged on, including the EU Sustainable Finance Taxonomy, the revision of the EU Energy Efficiency Directive, the revision of the EU Renewable Energy Directive (REDIII) and the EU Carbon Border Adjustment Mechanism, each described with the relevant policy focus and regional scope. The company also explains how it engages: it “contributes to the decision-making procedures through our association network, but when needed, also via direct contacts with decision-makers,” and it discloses active participation in trade-association work as well as its own “direct lobbying activities,” naming the European Commission as a key target of these efforts. Finally, Valmet spells out the concrete outcomes it is pursuing. It supports the Taxonomy while seeking criteria that ensure “ease of use,” “relevance for investors,” and the inclusion of machinery that contributes to the circular economy; it opposes a proposed ban on biomass and waste co-combustion, arguing that “sorted waste should be continued to use as a secondary fuel in co-combustion with biomass” because the ban “makes no sense from the climate [and] environment” standpoint; it advocates keeping biomass in the renewable mix because “any larger changes would create investment uncertainty”; and it challenges the proposed CBAM, favouring “maintaining the current ETS system with free allocation of emissions allowances” to avoid carbon-leakage and trade tensions. By clearly naming the policies, detailing the channels and targets of engagement, and articulating the specific policy changes it seeks, Valmet demonstrates comprehensive transparency over its climate-related lobbying activities. 4
Lobbying Governance
Overall Assessment Comment Score
Strong Valmet has established a governance process that places responsibility for all advocacy within its Corporate Relations function, which "is responsible for coordinating Valmet's positions and lobbying activities, which main tasks is to bring information about relevant policy and legislation into the company's strategic and business decisions, and to engage in an active dialogue with authorities and decision-makers." This department manages indirect lobbying by ensuring that "associations and organizations need to meet with Valmet's association criteria, which is consistent with Valmet's strategy," while direct engagement is carried out "through our association network" or "via direct contacts with decision-makers" as needed. The framework is explicitly tied to climate objectives: "Valmet's Climate program is aligned with Paris Agreement and it is integrated to its strategy" and the company affirms a public position "to conduct your engagement activities in line with the goals of the Paris Agreement." Although this demonstrates oversight across both direct and indirect channels and clear alignment measures, Valmet does not disclose any board-level review or standalone audit to validate its lobbying alignment. 3