Saarstahl earns platinum status in the EcoVadis sustainability rating
17 June 2022
EcoVadis, an internationally recognized ratings platform to assess corporate social responsibility, has awarded its platinum rating to Saarstahl’s sustainability strategy. Saarstahl has thus achieved the highest possible rating, putting it among the top 1 percent of companies assessed in its industry category. The EcoVadis rating confirms the high quality of sustainability management at Saarstahl. Responsible operation and sustainable business management have long been firmly embedded in the corporate policy of the steel-producing company.
The EcoVadis rating is performed annually. Saarstahl had already successfully positioned itself in previous years as a company that operates sustainably and responsibly. In the current assessment, Saarstahl surpassed its gold medal from 2021 and thus earned the platinum medal with 75 points. The rating is valid until May 2023.
“The top rating from EcoVadis for our sustainability management is a great achievement for Saarstahl,” said Dr. Karl-Ulrich Köhler, Chairman of the Saarstahl Board of Management. “The platinum medal affirms that we are effectively implementing our sustainability strategy and taking responsibility for present and future generations through our actions. It is an incentive for us to continue on the path toward carbon-neutral steel production and it sends an important signal to our customers and partners that Saarstahl is ready to take the next steps toward producing green steel.”
The EcoVadis assessment is based on a defined scorecard. This scorecard also incorporates the criteria of the Global Reporting Initiative, the United Nations Global Compact and the International Organization for Standardization for the issues of “Environment”, “Labor and Human Rights”, “Ethics” and “Sustainability in Procurement”. The definition of specific evaluation criteria enables worldwide comparison of the companies certified by EcoVadis.
About the Saarstahl Group:
The Saarstahl name has long stood for high-quality, customized solutions made from steel. The Saarstahl Group, headquartered in Völklingen, Germany, specializes in the production of wire rod, bar steel, billets and forged products in premium qualities. With innovative products and intelligent technologies, Saarstahl is helping find answers to global challenges like mobility, energy efficiency and safety. Saarstahl products are in demand by the automotive and construction industries, the power engineering industry, the aerospace industry, by general mechanical engineering and by other steel processing industries, and they are used in applications that can be subjected to the most extreme conditions. With the acquisition of a rail plant and an electric steel plant in France, Saarstahl is also significantly advancing the environmental transition in the area of sustainable mobility. For more information: www.saarstahl.com