- AMAG tops sustainability ranking with a superb result out of 39 aluminum companies evaluated worldwide
- Evaluation in the categories Environment, Social and Corporate Governance
- Sustainalytics evaluates 14,000 companies from 138 industries
AMAG Austria Metall AG once again achieved the best ESG rating from Sustainalytics, which certifies 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 program has been rated by Sustainalytics as comprehensive and effective. With this superb result in the sustainability ranking, AMAG is at the top of a total of 39 companies evaluated in the aluminum industry. In a comparison with representative companies from the global metals industry, AMAG achieved an impressive 2nd place out of 223 companies evaluated.
"The certification as the world's most sustainable aluminum 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," says Gerald Mayer, CEO of AMAG Austria Metall AG.
The evaluation is 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 (risk exposure) 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 programs.
The independent sustainability rating agency 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.