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voestalpine listed in the Dow Jones Sustainability Index for the first time

2021-12-01 | 

voestalpine has been listed on the renowned Dow Jones Sustainability Index Europe (DJSI) for the first time and is the only European steel company to be awarded this honor. The Dow Jones sustainability indices are the most respected worldwide, only including companies judged to be leaders in their industries according to long-term economic, ecological, and social criteria. The voestalpine Group is now included in two sustainability indices following its listing in the FTSE4Good two years ago.

voestalpine has actively lived up to its economic, social, and ecological responsibilities for many years. The company supports the UN Global Compact, the world’s largest and most important corporate responsibility initiative, and takes part in industry initiatives including ResponsibleSteel with its focus on sustainable steel production.

Eibensteiner

Inclusion in DJSI Europe and FTSE4Good, the two most important sustainability indices worldwide, provides independent, international proof of our clear commitment to sustainability and climate protection. This strengthens our presentations to private shareholders and institutional investors who are interested in sustainable investments.

Herbert Eibensteiner, CEO of voestalpine AG

To reflect the growing importance of sustainability as an issue, in 2021 the Group agreed on a new sustainability strategy which defines the company’s quantitative and qualitative goals for contributing to a better and more secure future. One of the key goals is climate protection. voestalpine is committed to the climate goals, and “greentec steel” is its clear plan for decarbonizing steel production: a hybrid technology would allow carbon emissions to be reduced by around 30%. Over the long term, the Group’s goal is to successively increase the use of green electricity and green hydrogen in steel production, to achieve carbon neutral production by 2050.

The DJSI Europe is part of the Dow Jones family of sustainability indices. It includes the top 20% of the 600 largest European companies in the S&P Global Broad Market IndexSM, who are leaders in the sustainability sector. This year, 147 companies succeeded in being included in the DJSI Europe.

The voestalpine Group

voestalpine is a globally leading steel and technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its premium products and system solutions, it is a leading partner to the automotive and consumer goods industries as well as the aerospace and oil & gas industries; it is also the world market leader in railway systems, tool steel, and special sections. voestalpine is fully committed to the global climate goals, and its greentec steel program represents a clear plan for decarbonizing the production of steel. In the business year 2020/21, the Group generated revenue of EUR 11.3 billion, with an operating result (EBITDA) of EUR 1.1 billion; it had about 48,700 employees worldwide.