Sustainability and compliance

For the ANDRITZ GROUP, sustainability and compliance are among the cornerstones of responsible company management. Together with the company’s core values – passion, partnership, perspectives and versatility – sustainability and compliance define what ANDRITZ stands for and form the basis of entrepreneurial activities, which are intended to satisfy the needs of all stakeholders in the best way possible.

SUSTAINABILITY (ESG)

Sustainability is an essential part of the ANDRITZ business strategy and company culture. All business decisions and measures follow the tenets and principles of sustainable development. The ANDRITZ sustainability program “We Care” comprises all existing activities, new measures, goals and plans in this sector. The group-wide ESG goals to which ANDRITZ has committed as part of “We Care” are based on three fundamental topics – digital transformation and innovation, stakeholder management, and corporate compliance. ANDRITZ strives to keep up with the latest developments here at all times in order to ensure best practices and highest standards. This is the basis on which the focus topics, defined as Environmental, Social and Governance, build – those areas in which ANDRITZ can make the largest contribution in the interests of a sustainable future. Ambitious ESG goals that contribute towards resource-saving and sustainable business operations at ANDRITZ as well as to achieving the sustainability goals of its stakeholders have been defined for each topic.

Environmental focus: The ANDRITZ goal is to minimize the impact of its own business activities on the environment. For example, the company’s own CO₂ footprint (Scope 1+2) is to be halved by 2025, and water consumption and the amount of waste produced are to be reduced significantly. With its sustainable solutions and products, ANDRITZ also seeks to help its customers achieve their sustainability goals. The target is to increase the proportion of sustainable products and solutions to more than 50% of the Group’s revenue by 2025 and thus contribute towards climate and environmental protection.

Social focus: The goals in this sector focus on preventing accidents at work and making ANDRITZ an attractive employer. The former is reflected in the goal of reducing the frequency of accidents that result in lost working hours by 30% per year compared to the previous year and the latter in reducing the fluctuation rate and increasing the number of female employees.

Governance focus: ANDRITZ is concentrating its entrepreneurial activities on minimizing relevant corporate risks and continuously expanding its compliance activities, with special focus on sustainable supply chain management.

Details of the sustainability strategy are provided in the 2022 Annual Financial Report (“Non-financial statement”).

ANDRITZ holds the following certifications and commits to the following standards and initiatives:

ISO/IEC certifications:

ISO 14001:2015 – Environmental Management Systems
ISO 45001:2018 – Occupational Health and Safety Management Systems
ISO 9001:2015 – Quality Management Systems
ISO 50001:2018 – Energy Management Systems
ISO 37301:2021 – Compliance Management Systems
ISO 37001:2016 – Anti-bribery Management Systems
IEC 62443 – Security for industrial automation and control systems
ISO/IEC 27001:2013 – Information technology – Security techniques – Information security management systems

Furthermore, all products and processes are certified internally and externally (Machinery Directive, ASME, GB 150, ISO 3834, ANSI, EN, DIN and ISO norms). Hence, they meet the highest standards and are reviewed regularly for possible impacts on health, safety, and the environment.

Standards and initiatives:

Science Based Targets initiative (SBTi)
Global Reporting Initiative (GRI)
ILO International labor standards
Modern Slavery Act
OECD Guidelines for Multinational Enterprises
UN Global Compact Initiative

ANDRITZ is assessed by the following ESG rating agencies at regular intervals:

Carbon Disclosure Project (CDP)
EcoVadis
FTSE Russell
ISS ESG
MSCI
S&P Global
Sustainalytics

ESG targets to be achieved by the end of 2025 and status 2022

COMPLIANCE

Compliance and ethical conduct, with integrity, respect, reliability and sustainability as their cornerstones, form the basis upon which ANDRITZ does business.

The ANDRITZ Code of Conduct and Ethics defines the internal company values, principles and rules, which go beyond the extensive legal provisions. It applies to all managers and members of staff as well as all external stakeholders working for ANDRITZ.

The group-wide Compliance Committee takes care of regular updates to the policies and monitors compliance with them. This committee is made up of employees from different group functions and focuses on such topics ascorruption prevention, restraint of trade, anti-discrimination, insider trading, supplier compliance, export controls and data protection.

Regional compliance officers assist the committee and are available as contacts to advise members of staff on compliance matters at their own locations. To integrate the Compliance Management System even more effectively into the individual companies and locations, additional Compliance Directors have been nominated at the ANDRITZ subsidiaries.

In order to verify how effective the compliancemanagement system is and achieve continuous improvements, ANDRITZ holds certification according to ISO 37301 for the compliance management system and to ISO 37001 for the anti-corruption management system. The regulations contain requirements for developing, implementing and maintaining a compliance management system as well as measures to help protect against, track down and provide proof of corruption.

ANDRITZ has implemented various measures – above all training on individual compliance topics – in order to create and strengthen a basic understanding of compliance.

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