The independent sustainability rating agency certified the company to have the lowest risks compared with the rest of the industry in the area of Environmental, Social and responsible corporate Governance. Amag’s ESG programme has been rated as comprehensive and effective. With this outstanding result in the sustainability ranking, Amag is at the top of a total of 39 companies evaluated in the aluminium industry. In a comparison with representative companies from the global metals industry, Amag achieved an impressive second place out of 223 companies evaluated.
Top ratings in ESG
“The certification as the world’s most sustainable aluminium company fills us with considerable pride and confirms our sustainability strategy with its focus on innovation, sustainability, diversity and the human touch. We received an excellent assessment from Sustainalytics in the areas of business ethics, occupational safety, emissions management and resource efficiency,” comments Amag CEO Gerald Mayer.
The evaluation was carried out in a multi-stage process, in which various factors such as environmental performance, resource conservation, compliance with human rights, and supply chain management are rated. Firstly, the extent to which the company is exposed to various ESG risks and, secondly, how well the company deals with these risks, (risk management). The latter provides information about the quality and efficiency of a company’s ESG programmes.
Sustainalytics, a subsidiary of the Morningstar (a financial information and analytics company), evaluates more than 14,000 companies in 138 industries on the measures they take at corporate level and their industry-specific risks in the areas of environment, social, and responsible governance.
Amag Austria Metall, Ranshofen, has concluded what it claims is the largest multi-year contract in its history with Audi.
Gerald Mayer CEO of Amag Austria Metall AG is leaving the company at the turn of the year.
Titled ‘Scaling Circularity’, Novelis‘ report on sustainability reviews metrics and success stories from the 2023 fiscal year.