ANDRITZ AG
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:134209 tCO2e (Scope 1+2)
Scope 1 Emissions:53,194 tCO2e
Scope 2 Emissions:81,035 tCO2e
Renewable Energy Share:48% (electricity)
Total Energy Consumption:284,962,570 kWh
Water Consumption:1,678,832 m3
Waste Generated:54,905,356 kg
Carbon Intensity:18.0 tCO2e/Million EUR revenue
ESG Focus Areas
- Compliance with legal and ethical standards/corporate compliance
- Climate and environmental protection
- Responsible working conditions, safety at work and health care
- Fair dealings with suppliers and business partners
- Sustainable production and projects as well as product safety
- Responsible company management, ethics, and business practices
- Digitalization and innovation
Environmental Achievements
- Reduced CO2 emissions (Scope 1 and 2) by 35.9% vs. 2019
- Reduced water consumption by 17.5% vs. 2019
- Reduced waste volume by 18.7% vs. 2019
- Increased revenue from sustainable solutions and products to 45% of revenue
Social Achievements
- Reduced annual accident frequency rate ( > 1 day’s absence) to 2.6 per 1 million working hours
- Reduced voluntary fluctuation rate to 5.1%
- Increased the proportion of female employees to 17.0%
Governance Achievements
- No event-driven profit warnings
- No compliance violations (corruption or antitrust)
- 90% of supply volume covered by assessed suppliers
Climate Goals & Targets
Short-term Goals:
- Reduce CO2 emissions (scope 1+2) by 50% vs. 2019 by 2025
- Reduce water consumption by 10% vs. 2019 by 2025
- Reduce waste volume by 10% vs. 2019 by 2025
- Increase revenue from sustainable solutions and products to over 50% of revenue by 2025
- Reduce accident frequency rate by 30% compared to the preceding year by 2025
- Reduce voluntary fluctuation rate to <4.5% by 2025
- Increase the proportion of female employees to 20% by 2025
- Cover 85% of supply volume by assessed suppliers by 2025
Environmental Challenges
- Geopolitical tensions, inflationary pressure, supply chain bottlenecks, reduced investment willingness due to high interest rates
- Rising costs for raw materials and outsourced components
- Volatility of order intake due to economic fluctuations and geopolitical events
- Risks related to climate change (physical and transition risks)
- Cybersecurity risks
- Supplier compliance and sustainability
Mitigation Strategies
- Continuous research and development, product innovations, cost optimizations
- Various operative measures to offset rising material prices
- Establishing procurement alternatives and diversification of supplier base
- Promoting sustainable research and innovation projects, acquiring sustainable technologies
- Using latest IT security technologies, strict control of access rights, penetration tests, online training
- Implementing internationally recognized environmental and social standards, supplier audits, compliance questionnaires, Supplier Code of Conduct and Ethics
Supply Chain Management
Supplier Audits: 177 audits in India (34 in 2023), 204 audits in China (30 in 2023)
Responsible Procurement
- ANDRITZ Supplier Code of Conduct and Ethics
- Compliance and sustainability questionnaire
- Supplier Relationship Management (SRM) tool
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events, flooding, forest fires, extreme heat, damage to transport infrastructure
Transition Risks
- Higher taxation on fossil fuels or CO2 emissions, regulatory changes, market shifts
Opportunities
- Development of energy-efficient products, renewable energy technologies, green hydrogen, battery production
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 14001, ISO 45001, ISO 37301, ISO 37001, ISO 9001
Sustainable Products & Innovation
- Technologies for producing renewable energy, e-mobility and green hydrogen, recycling technologies, technologies for the use of side streams, technologies for prevention of air pollution and for water treatment