Corporate Responsibility

Corporate responsibility is integral to voestalpine corporate culture and a significant part of corporate strategy. We have been living up to our ecological and social responsibilities for many years.

Steel plays an important role in every area of our daily lives. Each year, around 1,600 million tons of steel are produced and processed worldwide, 7.7 million tons of it by voestalpine. The Group is actively developing and applying environmentally-friendly steel manufacturing processes, as well as waste management measures and an active environmental protection policy. voestalpine meets its social obligations as a company through its comprehensive safety measures, a Group-wide health management system, and a wide variety of opportunities for continued professional development. The company researches into products which indirectly reduce CO₂, considers life cycle assessment (LCA) and encourages a life cycle approach through its active involvement in working groups at EUROFER and the World Steel Association.

The Corporate Responsibility Report

With the publication of its Corporate Responsibility Report, voestalpine outlined the sustainability and corporate responsibility measures implemented across the Group, how the Group communicates with stakeholders, and the advances achieved by the Group in terms of employees, society, environment, research and development, as well as corporate governance and compliance. The CR report is available in German and English, and fact sheets have been published in 14 languages.

More on the Corporate Responsibility Report in the online version.

Ordering
Would you like to get a print version of the voestalpine Corporate Responsibility Report? Please send an email to cr@voestalpine.com with your name and address, giving “CR Report” as the subject heading.

Responsible corporate leadership

Acting responsibly is at the heart of voestalpine corporate culture and the reason that the Management Board and the Supervisory Board of voestalpine AG decided to accept the Austrian Corporate Governance Code back in 2003. Furthermore, voestalpine has its own code of conduct, and this forms the basis for ethically and legally sound employee behavior (compliance). Its primary focus lies in protecting free competition (anti-trust laws), avoiding corruption and observing human rights.

Research and development

voestalpine encourages innovation: as a result of increasing investment in research and development, products and production processes are developed and improved on an ongoing basis. Much development activity focuses on creating solutions in the energy efficiency and mobility sectors, as well as in reducing costs and improving raw materials efficiency.

More on research & development.

Risk management

voestalpine risk management is designed to identify and mitigate against risks at an early stage. This risk management system takes the form of a general, established procedure which applies to the whole Group. It is based on a revolving process which must be undertaken at least once a year.

More about risk management.

Environment and ecology

When it comes to environmental sustainability, emissions neutrality, and energy and raw materials efficiency, voestalpine is regarded as an international benchmark in the steel industry. In order to maintain this position, the entire voestalpine Group optimizes production plants and technologies on an ongoing basis. Therefore, active environmental protection and conserving finite resources are anchored in the company’s philosophy. Within the organization the preconditions are created for continual improvements in the field of environmental protection, and the corresponding principles are established.

More about environment.

Employees

The Group operates internationally with a staff of around 48,500 employees worldwide. A key concern is safety at work, and particularly accident prevention. Ongoing professional development and apprenticeship training are important instruments for maintaining staff qualifications at the highest levels.

More on the subject of employees and apprentices.

Society and culture

voestalpine actively lives up to its social responsibilities, supporting social, cultural, and educational affairs in a wide variety of ways. When selecting projects, care is taken that they accord with company principles and create a sustainable benefit for society.

More about voestalpine cultural involvement.