voestalpine included in the international FTSE4Good Sustainability Index for the first time

6 October 2020 |

voestalpine has recently joined the FTSE4Good Index family, one of the most well-respected sustainability indexes on the international stock markets. Its inclusion highlights once again the steel and technology group’s clear commitment to sustainable corporate governance and climate protection. It will also allow voestalpine to present itself more strongly to investors and private shareholders in the sustainable investments market.

Formed in 2001, the FTSE4Good Index Series provides a recognized evaluation and decision-making basis for investors concerned about sustainability. Each year around 7,200 securities are evaluated according to strict ESG (environmental, social, and governance) criteria, with the criteria themselves defined and regularly updated by an independent committee of NGOs, consultants, public bodies, academics, corporate representatives, and the investment community.

The seriousness with which voestalpine takes its economic, social, and ecological responsibilities is also laid out in the most recent edition of its Corporate Responsibility Report. As an industry pioneer in environmental protection, voestalpine is continually implementing new measures to reduce the consumption of resources in steel production, as well as following a long-term decarbonization strategy. The Group also actively helps to protect the climate with products including lightweight construction steels for the automotive industry, fully digital rail infrastructure systems, and innovative steel solutions for renewable energy generation. Furthermore, voestalpine prioritizes responsible and transparent supply chain management.

Lastly, the Group’s focus on sustainability is also mirrored in its placing of a syndicated sustainability loan, with its interest rate linked, amongst others, to its sustainability performance.

The voestalpine Group

In its business segments, 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 top-quality 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, and is also the world market leader in railway systems, tool steel, and special sections. voestalpine is fully committed to the global climate goals and is working intensively to develop technologies which will allow it to decarbonize and reduce its CO₂ emissions over the long term. In the business year 2019/20, the Group generated revenue of EUR 12.7 billion, with an operating result (EBITDA) of EUR 1.2 billion; it had about 49,000 employees worldwide.