Highlights from the 2020 ESG report
The ESG report covers all material topics for Elkem. Here are some key takeaways and highlights from our 2020 work regarding sustainability.
The sustainability work in Elkem is guided by what is material to the company, aligned with the Global Reporting Initiative recommendations. You can find out more about what is material to Elkem here. The ESG report has been prepared according to the prioritisation of what is material to Elkem. The full report is available here.
What you will find in the 2020 ESG report
Increased attention to sustainability internally in the company and externally from society as a whole is a big business opportunity for Elkem. In the report you find information about our reporting principles, stakeholder engagement and progress when it comes to material targets. For the first time, the report is called an ESG report highlighting the way sustainability is integrated in the company.
Our reporting targets have been set to improve the transparency towards all our stakeholders. In 2020, Elkem achieved a A-rating from the CDP for the first time, and secured our gold rating in Ecovadis for the second year. The ratings recognises our efforts on transparency and actions when it comes to climate change mitigation and overall sustainability efforts and disclosures. 2020 also marks our first reporting on our impact on the UN SDGs.
Climate change mitigation
Elkem’s ambition is to reduce the company’s fossil CO2 footprint, by increasing the use of renewable carbon sources and development of innovative production processes.
Health and Safety
A strong health and safety culture is the essence of our licence to operate. Elkem employees, and contractors working on Elkem property are expected to be fully committed to a safe and healthy workplace, and to minimise the effects of our operations on the environment. Our EHS efforts are based on a zero-harm philosophy and our EHS management system is implemented to systematically work towards this goal.
Elkem considers good corporate governance to be a prerequisite for value creation and trustworthiness. In order to secure good and sustainable corporate governance, Elkem strives for environmentally friendly and healthy business practices, reliable financial and non-financial reporting and a strong compliance culture across the group.
Elkem bases the definition on corporate responsibility on the UN Global Compact’s principles on human rights, labour rights, environmental protection, and anti-corruption compliance. More information about how our work is aligned with the principles here.