SUSTAINABILTY IS THE BASIS OF OUR BUSINESS MODEL

Our core objectives are the trading, processing, and recycling of stainless steel and superalloys globally – and to do so in the most sustainable manner.

RECYCLING PROTECTS OUR ENVIRONMENT

We minimise the impact.

Our products are secondary raw materials whose use make substantial contributions to climate protection. Every tonne of stainless steel and superalloy scrap used significantly lowers the total carbon footprint of the product. We can help our customers to significantly lower their environmental impact in comparison to using primary materials by increasing their scrap ratios.

Our Commitment to Sustainability

We take responsibility for our actions and work ambitiously to lower our impact on the planet. ELG is committed to proactively support the international sustainability efforts within our scope of activity. We uphold international standards for responsible corporate conduct, the Ten Principles of the UN Global Compact and work towards the The Sustainable Development Goals (SDG). We provide consistent, transparent reports on our actions and progress.

International responsibility and transparency

„10 Principles of the UN Global Compact“

We honor the international standards for responsible entrepreneurial conduct and are committed to the United Nations Global Compact (UNGC). We follow the ten principles of the United Nations for responsible entrepreneurship in a globalized world. Our actions areas include: human rights (worldwide), working conditions, environment, and compliance. These help to make our world a more social and ecological place.

# The Ten Principles of the UN Global Compact

„Corporate Social Responsibility Directive Implementation Act“

We follow the Corporate Social Responsibility Act (CSR), which requires large, listed companies to present an annual report on environmental, social and non-monetary matters. Although our company is not obliged by law, we report voluntarily – with conviction. In our annual Sustainability Report, we report about our actions in terms of the environment, social responsibility, matters important to our employees, respect for human rights and measures against corruption and bribery. We report on what we do, what we have already achieved and on our visions and goals. That's part of our business philosophy. We strive for more responsibility and transparency.

ELG Sustainability Report 2021

ELG’s recycling activities provide critical raw materials and help customers to considerably reduce their environmental footprint. In 2021, we took several steps to further improve our own sustainability. The measures and numbers are condensed in our Sustainability Report 2021.

Click HERE to read the full report.

ELG’s CLIMATE IMPACT

For the first time in ELG company history, we accounted for our total emissions and reported our Company Carbon Footprint in GHG Scopes 1-3 for the year of 2021, providing an assessment of our climate impact. The results form the basis for our development of a Climate Roadmap for Improvement in which goals, measures, and responsibilities for reducing GHG emissions are defined.

The acquisition of ELG by Aperam at the end of December 2021, means we will follow our shareholder’s challenging environmental targets, including carbon neutrality by 2050 (ref: https://www.aperam.com/ sustainability/essentials).

Corporate Carbon Footprint

In total, ELG activities contributed to over 140K t CO2e throughout all 1-3 Scopes over the course of the reported year, which is equivalent to 123 t CO2e emitted per employee or the amount that 360.000 trees could capture. The largest contributor was inbound logistics.

CORPORATE HEALTH & SAFETY

ELG is committed to establishing and maintaining a healthy and safe workplace environment for everyone working on behalf of the entire organisation at all locations. We believe that all work-related incidents are preventable, that management is accountable for the health and safety performance of the organisation, and that health and safety must be integrated into all business management processes to support our goal of becoming a sustainably safe company.

Employee Health

In 2021, the COVID-19 pandemic continued to be a significant risk to our operations. ELG managed day to day operations according to the established “Coronavirus Response Plan”

Employee Safety

The safety of everyone working for the organisation is of paramount importance to us. We successfully eliminated hazards, reduced the risk of injury, enhanced our safety programs, and increased the health and safety support staff globally. In 2021, over 400 near misses were reported in an incentivized program. Each one is an opportunity to prevent an accident before it occurs.

SPOTLIGHT ON COMPLIANCE

Build on Values

Compliance is and remains a key element of our business identity. As one of the industry’s leading companies, we work every day to set an example and live up to the responsibilities of our corporate citizenship.

ELG’s Code of Conduct, the so-called “Six Principles”, represents the fundament for the ELG Compliance Management System (“ECMS”), which in turn sets the tone for all of ELG’s Compliance efforts on a global basis.

Six Principles

1. Independence through success

2. Responsibility through preserving resources by responsible reuse

3. Compliance through integrity

4. Empowerment through accountability

5. Innovation through continuous improvement

6. Mutuality through trust and reliability

SOCIAL RESPONSIBILITY

We value our employees as our most important asset

For us, sustainability is not merely about environmental goals but also about the sustainable development of our organisation. The hard work of each and every one of our employees acts as the most important building block for our success. We continue to invest in our people and offer apprenticeships for young people entering our industry.

Responsible Employer

Since our last sustainability update in 2020, we opened up diverse channels of communication to stay in close contact with our staff and learn about their experiences and expectations regarding the working conditions.

COMMERCIAL & OPERATIONS

Providing top service and quality products to our customers is one of our top priorities as a company. ELG’s new organisation has increased availability of information and shares best practices across locations. In 2021, we worked to further strengthen and improve our relationships by regularly meeting with our customers to understand their evolving needs and follow up Key Performance Indicators (KPI) for our performance towards them.

ELG Performance

Operating 50 locations on 5 continents, ELG generates value through its recycling activities. The significantly improved market environment in 2021 also had a positive impact on the course of business at ELG. The bulk our supplied material was sourced from the continent it was supplied to.