
Corporate Governance Statement
customers, employees, investors, society, and the environment in constant
interaction with our stakeholders. Our business leaves a positive handprint
on society through our customers, as our measurement solutions empower
them to make informed decisions and optimize their productivity and
processes in weather, environment, and industrial measurements. By
doing so, we can positively contribute to multiple megatrends and the
UN Sustainable Development Goals by increasing awareness, resource
efficiency, and safety in societies.
Vaisala's main success drivers are customer understanding and application
know-how, product and technology leadership, excellence in supply chain,
and purpose-driven culture and talent.
Vaisala uses materials such as electronics and metal components, process
materials such as chemicals, and different packaging materials to manufacture
and ship its products. One of the key success drivers in Vaisala’s strategy
is excellence in supply chain. Given Vaisala's broad business and product
portfolio, managing complexity and securing key inputs require effective
coordination with hundreds of suppliers and selected strategic partners.
To deliver on our customer promise and meet stakeholder expectations,
we must have a reliable and responsible supply chain. We set strict
requirements for our suppliers and work closely with them over the long
term, enabling both parties to develop their operations further.
Our instruments and intelligent solutions help to safeguard life and
property, while enabling decision making that facilitates productive,
efficient, and high-quality operations. Accurate measurements enable our
customers to make more reliable decisions and ensure safer and more
sustainable operations. We are a stable, sustainable, and globally operating
company. As a technological leader in our field, we aim for long-term
growth as well as a globally leading position in weather, environmental,
and industrial measurements by responding to different megatrends
and investing in research and development. We aim to distribute a stable
dividend which will increase in line with net profit development. Vaisala
offers versatile opportunities for talented and motivated professionals
who value purpose-driven work and continuous learning. We support
the well-being of our people and provide them with various learning
opportunities to grow and develop. Learning is part of everything we do. At
Vaisala, we aim to make a positive impact on society and the environment
by enabling data-driven climate action. We bring value to society through
accurate and reliable measurements and data as well as decision-making
support for authorities and businesses. This way we help societies become
better-informed, more resource efficient, and safer. In addition, we create
value through significant investments in R&D and collaboration with the
scientific community.
Value chains
Vaisala's products contain electronics. The electronics upstream
value chain begins with extracting raw materials, like minerals. The
upstream value chain also includes smelters and refineries, component
manufacturers, sub-suppliers, direct material suppliers, and contract
manufacturers. Vaisala’s direct suppliers are typically located close to
its manufacturing and R&D sites. We mainly purchase subassemblies,
components, and mechanical parts from Finland, other European
countries, and the United States. In addition to the sensor factory in
Helsinki, Finland, which produces sensors for all product families,
Vaisala’s manufacturing involves assembly, configuration, and calibration
of electronic and mechanical equipment. In project-based work,
subcontractors are used for civil works related to the installation of
products. The downstream value chain includes distributors and recycling
at the end of a product’s lifecycle. End-users of Vaisala's products are
companies and public sector entities.
Vaisala Xweather’s Data as a Service (DaaS) and Software as a Service
(SaaS) businesses operate in a value chain that begins with data
acquisition from public, private, and proprietary sources, including
XCast sensors, weather stations, satellite feeds, and lightning detection
networks. This diverse data is processed to generate actionable insights,
such as lightning activity, renewable energy potential, road weather
conditions, and air quality. Vaisala Xweather primarily uses Amazon Web
Services (AWS) to host its data and services, operating carbon neutral
under AWS’s sustainability framework. In the downstream value chain,
data is distributed mainly via application programming interfaces (API)
that provide external clients and internal Xweather SaaS offerings with
real-time data and forecasts. These APIs integrate seamlessly into
customer systems for efficient data consumption. While DaaS serves a
broad range of industries, SaaS focuses on select sectors and delivers
precise, actionable insights through web and mobile interfaces. Key
customers include renewable energy companies, utility providers,
insurance companies, government agencies, transportation and logistics
firms, and emergency management organizations.
The role of the administrative, management, and supervisory
bodies (GOV-1)
Vaisala’s administrative, management, and supervisory bodies include the
Board of Directors and the President and CEO. The Annual General Meeting,
Board of Directors, and President and CEO, assisted by the Leadership
Team, are responsible for the governance of Vaisala Corporation. Vaisala
has nine non-executive Board members and ten executive Leadership
Team members, including the President and CEO. In 2024, the Leadership
Team comprised nine members.
78% of Vaisala’s Board members are independent.
Vaisala has no representation of employees or other workers on the Board
of Directors or the Leadership Team. However, Vaisala engages with its
workforce in multiple ways, as described in the section Processes for
engaging with own workers and workers’ representatives about impacts
(S1-2).
Vaisala’s corporate governance complies with Finnish law and the
company’s Articles of Association. The Board of Directors operates
according to an approved written charter published on the company’s
website that outlines among other things the management controls and
procedures of impacts, risks, and opportunities related to sustainability
matters.
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