GRI STANDARD DISCLOSURE
LOCATION
OMISSION
ASSURED
General disclosures GRI 2: General disclosures 2021
2-20 Process to determine remuneration
Metsä Board’s Annual General Meeting approves the Remuneration policy every four years. The Remuneration policy was last approved in 2020. Of the votes cast, 98.52% were in favour of approving the policy. Sustainability statement, p. 23 (the role of sus- tainability in management’s incentives) Metsä Board Remuneration report Metsä Board Remuneration policy Consolidated financial statements: Remunera- tion, pp. 83–89 Personnel feedback on remuneration is collected as part of the personnel survey. Consultants and pay survey data are used as part of the continuous assessment and development of the remuneration system.
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2-21 Annual total compensation ratio
Sustainability statement, p. 56
The ratio of the percentage in- crease in compensation has not been reported. The information is unavailable.
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2-22 Statement on sustainable development strategy Annual review: CEO’s review, pp. 4–5
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2-23 Policy commitments
Sustainability statement: the policies guiding activities in each area of sustainability are listed under Policies in each section.. Sustainablity statement: the embedding of poli- cies is separately described in each section. Sustainability statement, p. 68 (the completion percentages for the Code of Conduct and the DEI e-learning courses)
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2-24 Embedding policy commitments
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2-25 Processes to remediate negative impacts
Sustainability statement, pp. 53, 58–59, 61, 63, 66
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2-26 Mechanisms for seeking advice and raising concerns
Sustainability statement, pp. 65–66 In addition to the mandatory training and the guidelines available on the internal and external web-sites, the personnel can seek guidance related to the Code of Conduct and its imple- mentation from their supervisor, HR and the Compliance Committee. In 2023, no significant instances of non-compli- ance with laws and regulations took place, and no significant fines were paid.
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2-27 Compliance with laws and regulations
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2-28 Membership associations
Sustainability statement, pp. 68–69
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2-29 Approach to stakeholder engagement
Sustainability statement, pp. 24–25, 52–53, 58, 61, 63
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2-30 Collective bargaining agreements
Sustainability statement, p. 55 Metsä Group Code of Conduct HR policy
As the company’s reporting now follows the European Sustaina- bility Reporting Standards, the overall coverage percentage of collective bargaining agreements is not indicated.
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Material topics GRI 3: Material Topics 2021
3-1 Process to determine material topics
Sustainability statement, pp. 26–28
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3-2 List of material topics
Sustainability statement, p. 26
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Economic performance GRI 201: Economic Performance 2016
201-1 Direct economic value generated and distributed Sustainability statement, pp. 23–24
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Consolidated financial statements: Sales, p. 81; Operating expenses, p. 82; Remuneration, p. 83
201-2 Financial implications and other risks and opportunities due to climate change
Sustainability statement, pp. 33–34
The monetary amounts of risks are not disclosed. Metsä Board will be developing its reporting of financial implications in 2024.
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201-3 Defined benefit plan obligations and other retirement plans
Consolidated financial statements: Remunera- tion, pp. 83–89 Consolidated financial statements: Other operat- ing income, p. 82
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201-4 Financial assistance received from government
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GRI content index | METSÄ BOARD 2023
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