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Acerinox awarded the EcoVadis Platinum medal for the second year in a row

Wednesday November 22, 2023 |
General news
The company obtained the highest rating, which puts the Group in the top 1% of its sector in recognition of its ongoing commitment to sustainability.

The company’s overall rating is 82 points, placing it in the 99th percentile, ahead of all other companies in its sector. The rating, which is an improvement over last year’s score of 79, demonstrates continuous improvements and substantial progress made in the roll-out of the company’s commitment to sustainability.

The EcoVadis Platinum medal distinguishes companies that have passed an assessment process in which they demonstrate a solid management system that addresses sustainability criteria in accordance with the EcoVadis methodology. EcoVadis is the world leader in business sustainability ratings. The assessment includes 21 sustainability-related criteria divided into four main categories: environment, labor and human rights practices, ethics, and sustainable procurement.

Acerinox has a robust and transparent corporate governance model that ensures compliance with the strictest standards of ethics and integrity.

The company’s commitment to the environment is firm. Respect for the natural environment, climate change mitigation, and solutions aligned with the circular economy are the cornerstones of the company’s environmental management, which is underpinned by efficient production at all levels.

In terms of labor practices, the Group is focused on attracting and retaining the best talent, to which end it implements initiatives that facilitate equal opportunities, foster diversity and inclusion, and promote a safe and healthy working environment based on respect for human rights.

Furthermore, aware of the importance of providers in carrying out business activities and achieving objectives, the company extends its sense of responsibility to its providers through management that guarantees a fair and transparent value chain.

From within these categories, EcoVadis’s team of experts highlighted Acerinox’s practices around energy and water consumption, employee health and safety, and anti-corruption. Furthermore, they emphasized working conditions and environmental and social practices within the supply chain.

Continuous and effective sustainability management is essential for Acerinox. To that end, the company uses EcoVadis to rate its performance, identify risks, and, most importantly, know where it can make improvements to have an even greater impact globally.

This rating validates and illustrates the company’s commitment to sustainability and supports its goal of creating the most efficient materials for the future, contributing to society’s progress, and creating value for stakeholders.

“This achievement reinforces the Acerinox Group as a leading option and demonstrates its efforts to move forward in a solid and responsible manner,” stated Bernardo Velázquez, Chief Executive Officer of Acerinox.