Recognized as a Nordic leader for the quality of climate change related information that it has disclosed to investors and the global marketplace through CDP, Outokumpu earned its position on the index by disclosing high quality data on carbon targets, emissions and energy efficiency through CDP’s climate change program with the best possible disclosure score, 100.
Top scores indicate a high level of transparency in the disclosure of climate change-related information, providing investors with a level of comfort to assess corporate accountability and preparedness for changing markets and emissions regulation.
RobecoSAM, a leading company for sustainable investments and Dow Jones Sustainability Index (DJSI) also recognized Outokumpu’s sustainability engagements. Rated “Industry Best” were Outokumpu’s actions in Climate Strategy, Occupational Health and Safety, Water related Risks and Code of Conduct. Overall rating by RobecoSAM among the global steel industry was 4th for Outokumpu.
Says Verena Schulz-Klemp, Director of Sustainability at Outokumpu: “We are extremely delighted with CDP’s recognition of our disclosure on climate change and RobecoSAM’s “Industry Best” sustainability ratings. Outokumpu has a unique track record in sustainability. Earning and keeping a reputation as an expert requires continuous efforts. We challenge ourselves to improve our sustainability performance in all our operations. Open reporting of the progress is inbuilt to our culture.”
CDP is an international non-profit organization that provides material for institutional investors to understand better economic risks and opportunities that climate change presents to their portfolio companies. The number of investors using CDP has increased on an annual basis: currently the number of investors using CDP is 822, representing more than EUR 86 trillion assets.
RobecoSAM is an investment specialist focused exclusively on Sustainability Investing. Based on its Corporate Sustainability Assessment, an annual ESG analysis of 2,900 listed companies, RobecoSAM has compiled one of the world’s most comprehensive databases of financially material sustainability information.
About Outokumpu Group
Outokumpu (outokumpu.com) is a global leader in stainless steel. We create advanced materials that are efficient, long lasting and recyclable thus building a world that lasts forever. Stainless steel, invented a century ago, is an ideal material to create lasting solutions in demanding applications from cutlery to bridges, energy and medical equipment: it is 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic. Outokumpu employs more than 12 000 professionals in more than 30 countries, with headquarters in Espoo, Finland and shares listed in Nasdaq Helsinki.