Outokumpu's Platinum Sustainability Triumph

Outokumpu, a global leader in stainless steel, earns the prestigious Platinum rating from EcoVadis, placing in the top 1% of over
Outokumpu
OutokumpuImage Source: Outokumpu

Synopsis:

Outokumpu, a global leader in stainless steel, earns the prestigious Platinum rating from EcoVadis, placing in the top 1% of over 100,000 companies assessed. The recognition highlights Outokumpu's exceptional commitment to sustainability across various criteria.

 

Article:

Outokumpu has achieved an extraordinary feat in sustainability, securing a Platinum rating from EcoVadis, a renowned sustainability rating platform. This esteemed recognition places Outokumpu among the top 1% of companies globally, reflecting its exemplary performance in sustainability.

EcoVadis, aligning with global standards like GRI and UN Global Compact, scrutinizes companies on 21 sustainability criteria across four fundamental themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.

Heidi Peltonen, Vice President of Sustainability at Outokumpu, expresses pride in the acknowledgment, highlighting the company's ambitious sustainability strategy initiated in 2021. The strategy includes reducing emission intensity by 42% by 2030, aligning with Science Based Targets to limit global warming to 1.5 degrees.

In addition to emission reduction, Outokumpu aims to boost the use of recycled material to over 90% in production and enhance energy efficiency by 8% by 2024. The company also commits to increasing diverse leadership by 30% by 2025 and upholding the UN Guiding Principles on Business and Human Rights throughout its value chain.

Peltonen underlines the pivotal role of the steel industry in global emissions and emphasizes Outokumpu's commitment to supporting the COP28 declaration's ambitions in keeping the Paris Agreement's 1.5°C goal attainable.

Outokumpu's Platinum recognition by EcoVadis signifies not just a corporate milestone but a commitment to influencing the entire value chain towards sustainability. Peltonen extends gratitude to the global workforce for their dedication, emphasizing sustainability as a core driver for both business and customers.

Conclusion:

Outokumpu's Platinum rating by EcoVadis crowns its steadfast commitment to sustainability. As the company forges ahead, its dedication to reducing environmental impact, enhancing energy efficiency, and promoting ethical practices sets a compelling example for the industry and beyond.

Related Stories

No stories found.
logo
SteelGuru Business News
www.steelguru.com