The EU has committed itself to climate neutrality by 2050, and Austria has set itself this target by 2040 in order to counteract the temperature increase of two degrees Celsius. The reduction of CO2 emissions requires specific approaches and measures from companies. AMAG's declared objective is to reduce specific CO2 emissions and the impact of its business activities on the environment, and thereby contribute to the achievement of national and European decarbonisation targets. AMAG's customers are sustainably supported by the use of alloys with the lowest possible CO2 footprint, a high level of aluminium recycling expertise and a high scrap utilisation level.
In order to categorise the CO2 footprint, the emissions are assigned to three so-called "scopes". AMAG is intensively engaged in reducing such emissions, and is implementing the following measures to this end:
The expansion of recycling competences will continue to shape AMAG's successful course in the future, and will become even more important for the company and its stakeholders in relation to the achievement of climate targets.
In the 2020 reporting year, direct greenhouse gas emissions (Scope 1) amounted to 92,100 tonnes (2019: 104,400 tonnes). No Scope 2 emissions have been generated since the 2018 reporting year thanks to the purchase of electricity from hydroelectric power and other renewable sources.
Specific CO2 emissions (Scope 1 + 2) in relation to production volume (tonnes of CO2/t) grew to 0.168 CO2/t in 2020 (2019: 0.163 tonnes of CO2/t). As with specific energy consumption, this increase is primarily due to reduced plant utilisation and required standby operations due to the COVID-19 pandemic.
For reasons of materiality, only upstream emissions from the purchase of primary aluminium, rolling slabs and metal alloys are included in the calculation of Scope 3 emissions. The factor of 8.6 tonnes CO2eq/t of aluminium used in Europe, as used in the European Aluminium's "Environmental Profile Report", was applied for the calculation.
This covers direct processes and auxiliary processes, thermal energy, electricity and transport. In the 2020 reporting year, Scope 3 emissions amounted to 1,072,000 tonnes of CO2eq (2019: 1,200,000 tonnes of CO2eq).