AMAG’s business model illustrates how innovation and sustainability go hand in hand. Through investment and innovation, AMAG has become the most modern aluminium rolling mill in the western world. Digitalisation and the circular economy are innovation drivers for profitable development and growth. Tailored product solutions are used to help customers further improve their products’ carbon footprint. The innovation topic is also emphasised in all process steps and in site management. For example, with the construction of the Smart Factory in the “Center for Material Innovation – CMI” technology centre, sample production and testing will be fully automated and completed in the first half of 2022.
AMAG has set itself ambitious sustainability targets. In the course of updating the sustainability program, sustainability was further anchored within the core business, with strong and measurable targets and clear responsibilities and processes being defined for the six spheres of action: environmental protection, employee relations, corporate management, customer relationships, social commitment and the value chain. With a decarbonisation roadmap developed in 2021, AMAG is actively committed to climate protection and has set itself the ambitious goal of achieving CO2 neutrality by 2040. Austria is thereby aiming for climate neutrality ten years earlier than envisaged by the European Green Deal. The AMAG approach to decarbonisation consists of the three stages of recycling, energy efficiency and substitution of fossil fuels with renewable forms of energy. This will expand recycling activities accordingly, and make a valuable contribution to the implementation of the EU’s Green Deal, which focuses on the circular economy. Furthermore, starting from an already very advanced level, additional energy-saving measures will be implemented in the future and fossil energy sources will be replaced by renewable energies.
However, extensive preparations and numerous research projects will be required over the coming years before implementation and investment in facilities and infrastructure in Ranshofen can commence. Nonetheless, the issue of sustainability also plays an important role for AMAG beyond its own factory gates. With recertification according to the ASI Performance and ASI Chain of Custody Standard (CoC) in 2021, the entire product portfolio can be offered as ASI-certified material, including the entire supply chain – from bauxite mining and recycling, and all the way through to the finished AMAG semi-finished product. Sustainable management is also playing an increasingly important role for investors. To this end, ESG criteria were anchored within the Sustainability Compass. The first place AMAG achieved in the “Effective Sustainability Communicator Award 2021” of the Cercle Investor Relations Austria (CIRA) is a further sign of confidence from the financial markets, and underpins the company’s transparent and open sustainability communication. The COVID-19 pandemic continued to present constraints and challenges during the 2021 reporting year. AMAG responded quickly and decisively to this crisis. For example, work continued to focus on securing competitiveness, safeguarding jobs and protecting employee health. Taking responsibility also means drawing on the lessons learned from the COVID-19 pandemic. This applies to employees, for example, insofar as digitalisation has been advanced in the area of training and education. The crisis team successfully coordinated the measures defined in the prevention concept and ensured employee health protection. Through consistent implementation of the occupational health and safety program, a TRIFR (Total Recordable Injury Frequency Rate) of 0.8 was achieved, well below the target of < 1.5. High demand from various industries was successfully met, while at the same time, planned plant modernisations were implemented according to schedule.
As a global company, we are committed to the highest environmental and social standards:
AMAG supports the achievement of targets for sustainable development adopted by member states of the United Nations in 2015. The 17 targets represent a milestone on the global path to a more sustainable future, offering companies a universally applicable framework in order to make a positive contribution to the growth of the economy and development of society. AMAG commits to implementing this agenda with innovative, sustainable products, dedicated environmental management and a responsible value chain.
SDG 4: Comprehensive, targeted training and development programs to attract skilled and young talent for the future
SDG 7: Procurement of electricity from renewable energy sources, use of heat recovery, improvement of the energy content of scrap for the melting process, use of waste heat and optimisation of input materials as part of R&D projects, installation of a rooftop photovoltaic system, decarbonisation project
SDG 8: Employee development, continuous learning, code of conduct, ensuring employee rights and cooperation with trade unions and employee representatives, responsible procurement management, investments in the Ranshofen site, R&D and customer orientation, Continuous Improvement Process (CIP)
SDG 9: Investments in the Ranshofen site (including expansion of recycling expertise), product development, innovation in production (including digitalisation)
SDG 12: Ramp up the circular economy, retain a 75 – 80 % scrap utilisation rate, promote the use of aluminium products to achieve CO2 savings (especially lightweight construction in the transport sector), responsible procurement management
SDG 13: Retain a 75 – 80 % scrap utilisation rate, utilise renewable energy sources, energy efficiency, energy savings through innovative technologies, decarbonisation roadmap
AMAG not only integrates sustainability into its business model, enabling it to tap new business opportunities, but also into the organisation – thereby establishing the necessary commitment. Sustainability for AMAG means creating long-term added value by acting innovatively and being an employer of first choice. Business is conducted in a responsible manner and attention is paid to protecting the environment.
Responsibility for sustainability resides at Management Board level and is transferred to the Management structure with clearly defined areas of responsibility. As the uppermost supervisory body, the Supervisory Board performs its duties with regard to the company’s economic, ecological and social responsibility. The Management Systems department, with its sub-departments Occupational Safety, Quality Management, Energy, Environmental & Risk Management, Continuous Improvement Process and Sustainability coordinates sustainability management. The head of the department reports regularly to the Management Board and company managers on issues relevant to sustainability. The heads of the respective departments are responsible for implementing the sustainability program.
The sustainability compass defines six spheres of action and states specific targets and action plans which are reflected in the sustainability program:
Since the 2017 reporting year, we have published a summarized non-financial statement in our management report, thereby fulfilling our reporting obligation in accordance with the Sustainability and Diversity Improvement Act (NaDiVeG). It summarizes the essential information for AMAG on the five required aspects of environmental issues, employee issues, social issues, respect for human rights, anti-corruption and bribery.