Board of Directors’ Report and Financial Statements

The report describes Valio Group's 2022 performance amid inflation, energy-cost pressure and the sale of its Russian operations. It highlights a climate programme targeting a zero carbon footprint for milk by 2035, alongside 2030 emissions targets. Valio reports total energy consumption of 791 GWh, ISO 14001 certification in Finland and Estonia, and a CDP score of B. The report also records 4 256 employees at year-end and consolidated net sales of EUR 2 236 million.