Our sustainability commitments

Science Based Targets initiative

At the beginning of 2023, we committed to the Science Based Targets initiative (SBTi) as part of our determination to contribute to the 1.5°C goal established in the Paris Agreement.

Science based targets provide a clearly defined pathway for companies to reduce greenhouse gas (GHG) emissions in line with the goals of the Paris Agreement, helping prevent the worst impacts of climate change and ensure that business growth is fit for the future.

Find out more here.

According to the SBTi commitment, we are developing comprehensive greenhouse gas emission reduction targets in line with the 1.5°C goal. Data on Scope 1 emissions (from sources controlled by the company) and Scope 2 emissions (related to the purchase of electricity, steam, heat or cooling) is already being collected and reported. 

The next step will be to identify Scope 3 emissions that arise upstream and downstream in the supply chain as the basis for the SBTi targets. Typically, Scope 3 emissions account for the largest share of a manufacturer's total emissions.

Certifications

ISO certifications have become an essential part of doing business. Requiring clear processes and continuous improvement, they ensure the reliability of our products and services. External verifications confirm their consistent and effective implementation. We hold a multi-site certification for ISO 9001 (quality), ISO 14001 (environment) and ISO 45001 (safety), which forms the basis for the certificates of all integrated sites. In this way, we are seeking to contribute towards practical implementation of our #1ANDRITZ core behavior principles and strengthen the exchange of information via management systems.

In total, we hold a portfolio of more than 37 different certifications. In addition to Quality, Health and Safety and Environmental Management Standards, individual locations have for example an ISO 50001 (energy), ISO 55001 (asset management) and ISO 27001 (information security) certification. The group-wide Compliance Management System is certified according to ISO 37301 and the Anti-Corruption Management System according to ISO 37001. Certifications for a wide variety of technical standards (e.g. ISO, IEC and ASME) demonstrate our leadership in technology.

Standards and initiatives

Compliance and ethics form the foundation of the way we do business. We at ANDRITZ protect human rights in our business activities and ensure healthy working conditions in line with laws and internationally applicable standards. We therefore support and operate according to the UN Global Compact, the International Labour Organization (ILO) standards, the Modern Slavery Act and the OECD Guidelines for Multinational Enterprises.

Find out more about what responsible corporate governance means to us here.

ESG ratings

Our sustainability performance is assessed by various ESG rating agencies at regular intervals. In addition to measures for climate protection, these assessments examine topics such as companies’ social commitment, diversity, occupational health and safety, and sustainable governance. We are interested in an intensive exchange of information with these rating agencies, and we strive to continuously improve our ratings. We are rated by CDP, EcoVadis, FTSE Russell, ISS ESG, MSCI ESG Research, S&P Global and Sustainalytics.