Following a comprehensive audit by EcoVadis, AMAG Austria Metall AG achieved the highest level in the assessment and was awarded the Platinum medal. EcoVadis, as the operator of an internationally recognised, independent sustainability and CSR (Corporate Social Responsibility) assessment platform, thus honoured AMAG's sustainability performance and placed it in the top one percent of the companies assessed in the industrial category of precious and non-ferrous metals.
AMAG is therefore one of the top-rated companies and secured platinum status in the sustainability rating. This rating from EcoVadis is based on a total of 21 criteria in the four areas of environment, labour and human rights, sustainable procurement and ethics. The following are analysed quantitative targets for energy consumption and greenhouse gases, the impact of operational activities on biodiversity, the management of occupational safety risks and the reduction of waste. Already in December 2020, AMAG was awarded the "Gold Star" certificate by EcoVadis.
"In global competition, non-financial performance indicators are gaining importance in the evaluation of companies. This highest award from EcoVadis is a clear signal to all our customers and stakeholders that in AMAG they have found the right partner for a sustainable, joint development.We also see this award as clear confirmation of our approach concerning the topic of sustainability," says Gerald Mayer, CEO of AMAG Austria Metall AG.
Sustainability is, alongside innovation, diversity and humanity, one of the four pillars, on which AMAG's strategy is based. With more than 40 years of experience in recycling and an average scrap input rate of 70 - 80 per cent, AMAG, given its diverse product portfolio, is the world leader in aluminium recycling. Innovative closed-loop concepts close material cycles and guarantee the best possible use of resources. The focus topic regarding circular economy of the European Green Deal is thus implemented in an exemplary manner. 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.
The EcoVadis platform is a global network that helps companies to better manage and measure their CSR performance in a clear, communicative and traceable way.With this in mind, EcoVadis analyses and evaluates the performance of companies using a set of questions and an assessment method based on international sustainability standards. More than 75,000 companies worldwide cooperate with EcoVadis. AMAG's certification in the top one percent of its industry sector is clear evidence, that it is among the world's leaders in the implementation of its sustainability strategy.